What do you all think.....

[ylexot]

I got a Sacagawea Friday as a quarter.......

...and that's one of the problems with the $1 coins that they made. They are soooo close to quarters in size/color that they are often mistaken.

I had a problem with euro coins when I was in Germany a couple years ago. I was so used to $1 bills that I rarely checked my change for the 1 and 2 euro coins and took out bills instead...which got me more 1 and 2 euro coins.

 

[itsbob]

They're committed to this program at least until it complete. Four Presidents a year up until Reagan - so, 10 years. Even Susan B Anthony dollars didn't last that long.

(The thing that REALLY sank the SBA dollars was that they were EXACTLY the same size as a quarter, but had those weird sides. What a dopey idea).

SBA's are still in circulation.. I get them every now and then for change from the vending machine.

 

[Dondi]

It gets worse. They're planning a "First Spouse" program for 10 dollar gold coins. They won't be in general circulation, but you will be able to get a coin with good ol' Hillary on it.

Great. And if she makes President, she'll be on both coins.

 

[SD1492]

Well as I can see it, get rid of coins and cash and go fingure print. Coins would be more easy to counterfit, dollar bills are harder but only last about a year. Before you know they'll be saying coins are cousing everyone to look like punks with their pants around the knees because of all the weight.

Your fingure print never changes (unless you burn it off). Your fingure print does not need to be replaced every year or so. Your fingure print weights the same now as will in ten years (+- a gram or two). And it's pretty hard to counterfit a fingure print.

I say the heck with cards too since they seem to need replacing every couple of years and or they expire.

Just my thoughts on the matter.

 

[Bustem' Down]

If they make another dollar coin it will go the same way the $2 bill went, the Susan B. Anthony, the Silver dollar, etc. Do you see many of those around anymore? It won't be a spendable currency.

But collectors take the money out of circulation and the government ends up making money. That's why they decided to do it with dollars.

 

[BadGirl]

Well as I can see it, get rid of coins and cash and go fingure print. Coins would be more easy to counterfit, dollar bills are harder but only last about a year. Before you know they'll be saying coins are cousing everyone to look like punks with their pants around the knees because of all the weight.

Your fingure print never changes (unless you burn it off). Your fingure print does not need to be replaced every year or so. Your fingure print weights the same now as will in ten years (+- a gram or two). And it's pretty hard to counterfit a fingure print.

I say the heck with cards too since they seem to need replacing every couple of years and or they expire.

Just my thoughts on the matter.

Psssst. It's "finger", not "fingure".

 

[SD1492]

oops, never been a good speller!

 

[SamSpade]

Well as I can see it, get rid of coins and cash and go fingure print. Coins would be more easy to counterfit, dollar bills are harder but only last about a year.

I doubt that counterfeiting dollar coins would ever be profitable. Most counterfeiters do twenties - highest currency without suspicion. People don't counterfeit ones because it takes too long to make enough money off of them.

And while you don't have watermarks and such on coins - faking coins would take resources most people don't have.

And while you may have your own opinion of the euro, the coins are successfully used there.

 

[Vote Flaherty]

paper money (especially a dollar bill) life expectancy is about a year.. which means every year the mint has to suck up the cost of replacing the bills they made last year PLUS the new currency... A coin's life expectancy is about 10 years, or more.. Little higher up front costs, but it last 10 - 20 times longer.

Get rid of the bills, stop making them, replace them with coins. The vending machine companies will catch on, or go under.

I've lived where I'd say 80% of the currency I was carrying was in coin.. had very little in the way of bills in my pocket. You adjust, and these days, with the ATM's, it's rare I have more then a few dollars in my pocket anymore anyways. Now if vending machines would take ATM's, I'd be cash free.

It costs only about .03 cents to produce a paper note, be it a $1, $2, $5, $10, $50, or $100 dollar bill. Talking about making money. Paper money is printed at the Bureau of Printing and Engraving, not the mint.

And the reason the Silver Dollar exists no more is because it actually had valve, relative to its silver content. If you have a pre-1964 silver dollar, it would be worth about 12-14 paper dollars today.
The reason, silver, and gold, are elemental metals. They can not be made from nothing like the paper currency we have today. Today's paper money has no value, zilch, nada, nothing...it is only backed by the trust we put in it.

This is why we have inflation, or a better explanation, the expansion of the money supply, monetary inflation. ie. printing more money that is needed to sustain the economy.

If you really want to understand what is happening to our Country visit this website. Or, do your own research. But get educated, please!

http://www.the-matrix-has-you.org/finances.html

Learn about the Federal Reserve, a private banking system. How we as a nation are being robbed.

 

[somdebay]

....of the new dollar coin?



Source: Yahoo News

Here's a closer look.

I'll collect! Everyone I get, I'll put somewhere and not spend it! It's rare...It will be worth money...It wouldn't be a flop if we got rid of those nasty dollar bills.

 

[aps45819]

Wonder if these will turn black/tarnish like the Sacagawea dollars.


The only time I ever used them was at the Renn Fest. Seemed appropriate to buy stuff with handfulls of gold coins there

 

[itsbob]

It's rare...It will be worth money...

It will be worth money the first day you see it, but it has no value until you spend it.

 

[Ponytail]

I spent quite a bit of time in Canada in the last two years, and they use dollar coins ("Looney's), 2 dollar coins( "Two-neys") and quarters, all 3 of which are of similar size.

I got used to using them very quickly, and found that it was actually very convenient. Think about how many times you use 1's in a day, and how mant times you have to pull out the wad of paper cash, only to pull out a dollar or two, or 4.

I found myself making much more use of the OTHER change in pocket as well as the Looney's and Two-neys, instead of letting it accumulate in a jar. It all gets spent eventually, whether you put it in a jar or not, so what are you saving?

I say get rid of the paper dollar. It's long over due.

 

[The Jackoholic]

i happen to like the Sacajawea coins. I save them up and take them to the renfest as gold coins. the dollar bill is the thing of the past we need to change to coins as a dollar standard. they last longer and are easier to handle. some of you talked about the weight the only additional weight is 4 coins then you have a five in paper

 

[Chain729]

When I spent a bit in Canada a few years back, I liked the coins a hell of a lot more than the bills we have here. My only concern with the coins is this: Are they going to re-design thongs, or does the entertainment get 400% raise?

Might be time to switch professions...