What Is Your Opinion On The Pres Dollars?

Nope, it has to go through congress in order for the mint to stop minting, and it makes money for the mint, so why kill it off? The worst that can happen is just a glut of dollars in vaults that no one will use... like the CC dollars released by the GSA

Too many minted. Frankly, these bore me.

I don't mind them, it something else to collect. I wish they would start adding silver into the Pres. and Sac's to make them a litte more in value.

I don't care for the obverses of the Presidential dollars but the reverse is quite nice. The mintages are high and some people are going crazy for them still. I'm collecting them now only because I can me kicking myself wondering why I didn't pick them up earlier when they were easier to find.

-- Boris

Does anyone think these might be the government's way of creating a mass supply of dollar coins, then being able to say... hey we have all these coins not being used, so we are doing away with the paper dollar.

There are a lot of paper dollars out there and their life is short (18 months or so), so they need a lot of coins to replace them.

There was like $1.2 B SAC in 2000, and around 200 Million President dollar per president that is going to get close to $10 B dollar coins at the end of the series. Not counting the new Native American dollar.

I think that might be enough to kill the paper dollar. You can't stop printing it-- if you don't have dollar coins to replace it.

-SWUSC

http://www.clevelandfed.org/researc...004/1015.pdf

That doesn't take into account that it really doesn't cost the government anything for the dollars...but they make money from them. The Fed must not know this fact about old coins....

Coins aren't replace by the mint at face value, but at scrap value. So if that dollar coin wears out, then it isn't worth anything more than its metal content. So the cost of the coin to the government is actually negative 88 cents per coin.

That article est. there are 8 Billion notes, but due to the vending machine...change jar thing... $10 billion coins might be needed. Hey the more they make the more money the government makes off of us.

-SFWUSC

I really like them! I use them all the time. They're so nice to use at the car wash and parking meters, it sure beats fumbling around with all those Quarters.

If the weather is nice and I don't have to wash my car, I can just drop them in a vending or self-checkout machine (unlike a car wash token). They also are easier and faster to use in vending and self-checkout machines than bills (especially worn bills).

That's my opinion of Presidential dollars (since, after all, you didn't specifically ask for our opinions about collecting them! ).

I agree with DNA...sort of! I would like to use them, but I just haven't seen many vending machines that take them. I'm sure that will change in time. I will be happy to use $1 coins instead of $1 bills.

I really have no opinion on the collecting value as modern US coins don't fit into my coins of WWII collection. I guess I might grab a couple FDR, Truman and Ike's when they come out. In what...6-7 years? (I did the math very quickly in my head. Don't be too hard on me if I'm wrong!)