| Author |
 Replies: 55 / Views: 10,510 |
|
Pillar of the Community
United States
4883 Posts |
$1 coins barely circulate in the U.S. despite the government's preference that they see more widespread usage. Contrarian that I can be, I like using them for the novelty of it. The golden colored Sacagawea and Presidential dollars must be seen just often enough that they don't provoke much comment, but I avoid tendering the Susan B. Anthony as among the likes of convenience store clerks and fast food cashiers typically first there is puzzlement, and sometimes outright befuddlement, which can devolve into a discussion over the denomination and even whether it's a real coin or not. Passing a "Carter's Quarter" turns out to be just too much trouble. I love throwing down an Ike, though. Despite their very limited circulation nowadays, everybody seems to get that right away, and their countenances always brighten upon seeing one (I imagine they're generally swapped out of the register before the end of the shift). I particularly like making an Ike part of a restaurant tip. How about y'all? Do any of you do this as well, and if so what have been your experiences? Colligo ergo sum
Edited by Lucky Cuss
07/09/2016 5:07 pm
|
|
|
|
Rest in Peace
United States
7075 Posts |
|
|
Pillar of the Community
United States
7390 Posts |
I keep golden and Susan's in my car console and use them occasionally and hardly ever get the look. Even with the SBA's. And if I do I just say it's a one dollar coin and that settles it. I don't get why people are always saying they get weird looks. Actually the only times I get weird looks really is when I give one or two to a panhandler which I find ironic. |
|
Valued Member
United States
434 Posts |
In the year 2000, I purchased a $1000 bag of Sacagawea dollars directly from the U.S. Mint as soon it became avaiable. I sold as much as I could on ebay to recoup the shipping cost (which I did and then some). Before I sold any, I cherry picked what I could. The rest was spent in Hawaii while on vacation (I live in the Washington D.C. metro area). My carry-on bags were a bit heavy and coins was also placed in my check-in bags). Spending the coins in Hawaii was great. Apparently, the banks in Hawaii (Oahu, Kauai, and Maui) did not receive any. Each time the wife and I used the coins, each cashier would be excited as it was their first experience with the coin. Bystanders wanted to exchange bills for the coins (which we did). It was a fun experience to introduce this coin in my home state. |
|
Pillar of the Community
United States
7390 Posts |
Bet ya got a bunch of Shaka's on that trip  So the ABC cashiers knew what they were? |
|
Pillar of the Community
United States
2200 Posts |
I've successfully spent Prez, Sacagewea, and SBA dollars in all kinds of establishments with almost no problems. The only incident was when I threw down a couple of Prez dollars at the local Michael's arts and crafts store. The young lady behind the counter examined them, then got on the intercom to her boss and asked, "Are we accepting tokens today?" I drive on New Jersey's Garden State Parkway frequently, where one encounters toll booths every five miles or so. With the toll at $1.50, it's quite convenient to get in the exact change lane and toss a $1 coin and a Kennedy half into the bin. Makes the trip faster and smoother. |
|
Pillar of the Community
United States
1068 Posts |
I have had more issues with $2 bills than $1 coins... If I were President I would actively push getting rid of the Cent, Nickel, and $1 bills and adding the Kennedy back into circulation... But, I would do it over a five years as to help people and business time to adjust... After the 5th year, any dollar bills would have to be turned in by the banks and any business that would happen to get any, could not give it back out as change...
|
|
Pillar of the Community
United States
1068 Posts |
Quote:
The young lady behind the counter examined them, then got on the intercom to her boss and asked, "Are we accepting tokens today?"  I probably would have shaken my head in disbelief... But, this is why I feel our public education system sucks... Another thing I would actively push for is that ALL High Schoolers would be required to take four years of banking and finance so they would know what a dollar coin was... So what did the Manager say? |
|
Moderator
 United States
187875 Posts |
Quote:
...despite the government's preference that they see more widespread usage. If the government really preferred the one dollar coin, they would eliminate the one dollar note.  |
|
Valued Member
58 Posts |
With sales taxes making receipts end in odd change amounts I think it would be hard to eliminate pennies and nickels, etc. Also I am wondering if it would be somewhat inflationary (conceding the cent is useless and business price adjustments to make every transaction to round out to a 5 or 0)
|
|
Pillar of the Community
United States
997 Posts |
The only issue I had with dollar coins was in a grocery, the kid said "I don't know if we accept these or not" but I was already halfway out the door before he finished so he had no choice.
As has been said a million times, the dollar coin will not see regular use until the paper dollar is eliminated. Canada proved it as have other countries.
|
|
Pillar of the Community
 United States
4589 Posts |
It's basically a perpetual motion machine where the average location at any given time is a bank value.
1. Person /A/ requests so dollar coins from his/her bank
2. Person uses them in transaction at store /B/ Since there is no good place for them in the cash drawer, they go into the overflow bucket.
3a. SOMETIMES person /C/ sees them and requests them - repeat step 2.
3b. Most of the time they are deposited with the rest of the cash deposit, are rolled and placed in the vault waiting for a request.
-----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/ |
|
Moderator
United States
187875 Posts |
Quote:
With sales taxes making receipts end in odd change amounts I think it would be hard to eliminate pennies and nickels, etc. Also I am wondering if it would be somewhat inflationary (conceding the cent is useless and business price adjustments to make every transaction to round out to a 5 or 0) Sales tax has nothing to do with it. Sales taxes are already rounded (up or down) to the nearest cent, rounding to the nearest nickel (or dime) is trivial. Do not confuse cent with percent. Charleston SC has an 8.5% sales tax and it works just fine without a Half Cent.  For what it is worth, Canada killed of their cent and they are doing just fine up there. Most places will wisely round down since cash saves the vendor on electronic transaction fees. |
|
Bedrock of the Community
United States
17884 Posts |
Quote:
But, I would do it over a five years as to help people and business time to adjust... And what would happen is everyone would continue doing as they are now for 4 years 11 months and 2 weeks, that start screaming to the high heavens about having to "suddenly" change over to the elimination of those coins and the note. (And the govenment would probably then give them a five year extension, possibly the first of many.) |
|
Pillar of the Community
United States
3210 Posts |
I have never been into the dollar coins except the Ike's and silver dollars. Eventually when I get bored I may order a box of dollar coins and fill the holes for the Sacagawea and Presidential dollar coins for a album. Til then I will just continue searching halves and dimes and nickels for silver and other goodies. |
|
Bedrock of the Community
United States
10034 Posts |
*** Excessive Political Commentary Removed by the Staff ***
As to Canada "surviving" the elimination of the Cent, that was never a legitimate worry by someone who stays with the reality of the issues. No... believe it or not.. Canada did not all of a sudden disintegrate b/c their were no one cent coins. However, what SHOULD be most important to us as Americans - people who live in a country where the government is supposed to serve the people and their desires (remember - we elect them to work for us - they, despite common trends, are NOT our masters) - should be, *** Removed ***
The Canadians, overall, were not thrilled about the loss of the penny. And b/c they don;t have the same power over government as Americans (on paper) do, they live with it.
Its similar to when they introduced the Loonie. The people did not want it, it made more costs than what was originally perceived, and then they were also forced to use a two dollar coin - which contemporary articles will show was not popular with the people either."
You let the camel's nose in the tent and soon the whole camel is pushing you out. I am glad I grew up and lived in an America where the government knew they did not have the right, Constitutional authority (or gall to force Americans who better knew and treasured governmental restrictions in the Constitution) to force us to use the SBAs when they came out by eliminating the $1.00 bill.
*** Removed ***
|
| |
Replies: 55 / Views: 10,510 |
Posted 07/09/2016 7:17 pm
