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Question About 1.00 Coins From US Mint

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amassey08873's Avatar
United States
584 Posts
 Posted 06/07/2011  12:07 am  Show Profile   Bookmark this reply Add amassey08873 to your friends list Get a Link to this Reply
Strohbie you choose what you will receive, Say you order a $250 Box, You have a choice between
Native American Government Treaties of Tribal Nations - Product will be available for shipping 06/21/2011
John Adams - SOLD OUT
Thomas Jefferson - Product will be available for shipping 06/21/2011
James Madison - Product will be available for shipping 06/21/2011
They wont mix and match, it will be 250 of the same coin in 10 $25 rolls.
Hope this helps some, If you do order a box try and use a credit card that offers some kind of reward or frequent flyer miles for every purchase or dollar charged. But beware some CC companies are catching on and wont honor these purchases.
Valued Member
United States
62 Posts
 Posted 06/07/2011  12:10 am  Show Profile   Bookmark this reply Add Mikecouil to your friends list Get a Link to this Reply
I never even thought to use a rewards card :)
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clairhardesty's Avatar
United States
1027 Posts
 Posted 06/07/2011  09:03 am  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
The mint is reporting direct ship purchases as cash transactions now and it is likely that most card agreements do not give bonuses on cash transactions but it doesn't hurt to try. I use the $1 coins for tips and small (<$5) purchases. The 1 coins mean that I don't have to get out my wallet to buy a magazine or candy bar. I do wish that congress had the guts to order a stop to one dollar bill production but they don't. I think that the mint thought that if it put men back on the coin that congress would drop its opposition to it but it seems as long as 1 in five $1 coins has the image of a woman on it that congress won't let it replace the $1 bill.
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Conder101's Avatar
United States
17884 Posts
 Posted 06/07/2011  2:12 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Something to consider. If the mint reports it as a cash advance to the credit card company most if not all companies start charging interest on that amount from the day of the transaction. You don't get that grace period to your first billing date like you do for regular credit card purchases. So even if you pay off the full amount each month your will still be paying interest on that money.
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JackB's Avatar
United States
1064 Posts
 Posted 06/07/2011  3:43 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply

Quote:
If the mint reports it as a cash advance to the credit card company

Whoa, don't want that! If your credit card is like mine, they charge something like 20% for cash advances, something crazy like that under the new card rules...
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United States
20753 Posts
 Posted 06/07/2011  4:51 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
no one would carry 50 $1 coins in their pocket. how many people carry 50 $1 bills in their pocket? very few, if any at all. most carry 1 to 6 $1 bills. now, replace those bills with dollar coins. 1 to 6 coins, that's it

You just have to hit the flea markets, coin shows, camera shows, etc. Many, many people do carry large quantities of small bills at those places. Dealers at flea markets always try to have large bundles of $1 bills for change. At almost any type of show where items are purchased basically with cash, $1 bills are king. As a customer you just can't haggle a person from $9 to $7 and then pull out a $10 bill.
As to those baby sized dollars, I never see them around me being used ever. No one I know wants them.
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yotie's Avatar
United States
3077 Posts
 Posted 06/07/2011  9:26 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply

Quote:
no one carrys 50 $1 coins


i beg to differ I do just about every week and spend them all over the place normally it is one roll in the truck and the busted roll in my pocket that is after I have searched them and pulled the MS 65+ ones (the '11 NA is next to impossile )

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United States
62 Posts
 Posted 06/07/2011  9:30 pm  Show Profile   Bookmark this reply Add Mikecouil to your friends list Get a Link to this Reply
I haggle from 9 to 7 and 5 to 3 ALL the time and then hand a 20 to them to bust up. It's a flea market. I'm there to bargain for the best price. I never pull the "oh well I only have 7 dollars" and then pull out the 20 but I have no problem at all haggling down and then having them bust a bigger bill.
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Earle42's Avatar
United States
10038 Posts
 Posted 06/07/2011  9:51 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
1 to 6 coins, that's it. how heavy? not heavy at all. take the time to think about it logically. how many $1 bills do you have in your wallet/pocket right now?

How heavy? Heavier than I want to carry. Heavy enough to jingle in my pocket and let other people know I am carrying money in my pocket. I can also carry a 5 and a 1 in my pocket rather than 6 1s. And I would much rather do this than have 6 coins in my pocket, that when I go to sit down in, they get caught in the folds of the material in my pockets and can pinch!
I have never had this happen with paper.

The main problem with dollar coins is that when the perception of a dollar being pocket change b/comes a norm, then prices in the market raise to reflect this very thing.

When Canada switched to a $1 coin, prices went up. So they also have a $2.00 coin!

When SBAs were coming out, I was in Canada and a banker was telling me how it was a mistake to make dollar coins. The banks did not like them b/c it cost more for shipping when they wanted to get larger bills for them. So they were "stuck" with them.

They make a great opportunity foir collectors, but overall they end up being a problem for consumer prices and b/c everyone ends up with large amounts of pocket change.

Someone correct me if I am wrong, but I believe paper money was first made b/c people did not like pockets full of change.

I definitely do not want to have the inconvenience of 10 coins in my pockets when one piece of paper will do the job much better.


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biggfredd's Avatar
United States
9104 Posts
 Posted 06/08/2011  12:44 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
When Canada switched to a $1 coin, prices went up. So they also have a $2.00 coin!


The US still hasn't switched to a $1 coin, and prices have gone up more than Canada.

It's amazing the lame excuses people can come up with, rather than just say "I don't care how much sense it makes, I don't want to change my ways".

A few favorites:

  • There's no room for $2 bills in the register (that had over 200 ones taking up two slots).
  • There's no room for $2 bills in the register (at a Dairy Queen using a slot for $20).
  • People don't like (fill in the blank). I've handed out prolly $100,000 in Ikes, Kennedys , and mini-bucks, with fewer than a dozen requests for something else. Typical reaction: "oh, neat!"
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 06/08/2011  07:08 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
I definitely do not want to have the inconvenience of 10 coins in my pockets when one piece of paper will do the job much better.


Dude...they are not talking about replacing the $10 bill
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SilverRoosevelt's Avatar
United States
917 Posts
 Posted 06/08/2011  09:53 am  Show Profile   Bookmark this reply Add SilverRoosevelt to your friends list Get a Link to this Reply

Quote:
My wife also gets into it on vacation. We get $250 and use them all around Disney. I've been told, "We can only take US coins." and It's always fun to point out that they are.


The funny thing is, I read that Disney actually helped get at least the 2009 Native American dollars into circulation by having their souvenir shops, food vendors, and the like hand them out in change at their theme parks (or maybe it was just Disney World, it's been a while since I read this article).

I've found that people order from the Direct Ship, get points, airline miles, or cash back on their credit card and then deposit the coins back into the bank. At one bank I dump my coins in, when this happens, they open all the rolls and put them in a plastic bag to send back to the Feds.

As much as it is against the program, it was a boon for me. When my 2001 Sacagawea dollars failed to arrive after a month, I got a refund from the Mint (and they were no longer offering the '01 Sacs), I went to a bank that I knew had a lot of dollar coin rolls and I bought 10 rolls of Washington dollars for me to spend.

It's been over a year since I conducted an "experiment" to use dollar coins instead of paper ones, along with twos and the occasional half. I found that the coins were much more convenient (especially after discovering their acceptance in vending machines), and I don't want to go back to paper ones. I usually spend one roll of dollars a week and rarely have I come across any complaints from cashiers, most are indifferent to them. I've never had any refusals, either.

Also, on a tangent here, but the dollar coins are almost the same size as the $10 gold eagles minted 1933 and earlier. Imagine if someone finds one of those in a roll of dollars...(Pigs will fly before that happens, though).
Edited by SilverRoosevelt
06/08/2011 11:55 am
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jbuck's Avatar
United States
188560 Posts
 Posted 06/08/2011  11:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The main problem with dollar coins is that when the perception of a dollar being pocket change b/comes a norm, then prices in the market raise to reflect this very thing.
I hate to break it to you, but the dollar has been mere pocket change for quite a while now.
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