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 Replies: 13 / Views: 1,729 |
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Pillar of the Community
United States
4867 Posts |
Ultimately what will happen to them? Nobody wants them and the dollar bill isn't going anywhere anytime soon. Could they be melted down or just stored indefinitely? The whole program just seems like more pork spending.
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Pillar of the Community
United States
7618 Posts |
They'll just continue to gather dust in the vaults until they quit making dollar bills. Cheaper to store them than it is to melt them down.
They'll quit making dollar bills when "the special interests" (printers unions, speciality paper manufacturers, select Congressmen) no longer have the final say.
Everybody in Washington wants to cut spending unless the cuts come in their districts!
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Pillar of the Community
 United States
4591 Posts |
It would cost money to melt them AND the government would have to recognize the loss of seigniorage from them.
(Seigniorage is the 'profit' made by a government by issuing currency, especially the difference between the face value of coins and their production costs.)
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
United States
226 Posts |
Some other countries have used (US minted) dollar coins previously. I seem to recall Ecuador being one such country that received quite a lot of the Sacagawea dollars in the earlier 2000s. If this is still going on, they may slowly be released that way. |
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Pillar of the Community
United States
606 Posts |
Meh, just give them to me. I guarantee that .gov will earn some sales tax in return.
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Pillar of the Community
United States
1656 Posts |
Send then as tax refunds. Exxon would be stuck with them all.
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Moderator
 United States
188213 Posts |
Quote:
They'll just continue to gather dust in the vaults until they quit making dollar bills. Cheaper to store them than it is to melt them down.
They'll quit making dollar bills when "the special interests" (printers unions, speciality paper manufacturers, select Congressmen) no longer have the final say.
Everybody in Washington wants to cut spending unless the cuts come in their districts! I could have easily written this post.  BStrauss3 made the most critical point, the seigniorage is already on the books. Melting them would be a big hit to the bottom line. The one dollar note will go away in my lifetime, I almost guarantee it.  |
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Pillar of the Community
1153 Posts |
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Send then as tax refunds. Exxon would be stuck with them all. I like this idea. Can you imagine those people who gets over $5,000 in tax returns getting boxes of these things on their front porch? I would hate to be the mailman. |
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Pillar of the Community
 United States
4867 Posts |
They'd just take them to the bank....lol
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Bedrock of the Community
United States
12819 Posts |
...after a thorough searching for MS, varieties and errors first, of course.  . But yes, they'd just end up back on in the vaults. |
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Pillar of the Community
United States
7618 Posts |
On the other hand...
100 years from now they'll magically be "discovered" in the Treasury vaults, be turned over to the GSA, get repackaged in hard plastic GSA holders with a note from some President (probably a Bush or Clinton descendant ) and be auctioned to a whole new generation of people that have absolutely no clue as to what they are bidding on.
Things don't change much and history repeats itself.
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Moderator
United States
14463 Posts |
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Send then as tax refunds. I would not mind getting my refund in dollar coins, but the government does it all electronically now and don't even send a check  |
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Moderator
United States
188213 Posts |
Quote:
100 years from now they'll magically be "discovered" in the Treasury vaults, be turned over to the GSA, get repackaged in hard plastic GSA holders with a note from some President (probably a Bush or Clinton descendant ) and be auctioned to a whole new generation of people that have absolutely no clue as to what they are bidding on. Sounds like a joke, but we know it could be for real. |
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Pillar of the Community
United States
4867 Posts |
I wish the store where I work would get dollar coins instead of getting bills.
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Replies: 13 / Views: 1,729 |
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Posted 11/07/2015 2:55 pm
