What do you think of the new one dollar coin?

[caty]

Poll question: What do you think of the new one dollar coin?

http://www.kcrg.com/news/local/5853746.html

Every week when I go the the bank, I ask for 20 singles. I need them for the pots I get into when I go bowling and for tips when I eat out. Now, my purse already weighs a ton, but if I put 20 one dollar coins in there, it's going to weigh a lot more. I understand that the coin is cheaper to make and will last longer, but I just don't see them as a replacement for the paper bill for me.

What do you think. Will you ask for one dollar coins instead of paper bills?

[Chan790]

1. It doesn't matter...

The Office of Printing and Engraving is committed to phasing out the dollar bill as soon as it finds a $1-coin that people will use for those longevity and cost reasons. Sooner or later they're going to realize the solution is simply to refuse to print $1 bills.

[ironflange]

7. That's what we did in Canada

When the new dollar coin, the Loonie, came out, they just plain stopped printing ones. Same thing happened with the two dollar coin a few year later. One and two dollar bills aren't even legal tender any more. If you were to ask around, you'd probably find that nobody misses the bill at all. There have been rumblings about a five buck coin, but that seems to have died off.





You guys need to stop farting around and just plain switch. We heard the same arguments as you when the Loonie was proposed, but everyone shut up quickly when they found out how convenient the coin was compared to the bill.

[u4ic]

16. $5 coin?

You mean "the woody"? :P

[ironflange]

20. Heh, yeah, the Woody

I don't think five bucks would even buy me one of those these days, whether it's on a corner in Inglewood or the pharmacy at Wal-Mart.

[Xipe Totec]

25. THAT got my attention

:rofl:

[u4ic]

26. Here's the story behind it...

http://home.comcast.net/~wwwstephen/americans/


It's the 4th "Did You Know" video. :D (all of them are hilarious, though...)

[Deja Q]

2. Coins.

What's the circumference of the coin?

[caty]

4. It's the same

size as the last dollar coin. A quarter sits neatly just
inside the dollar coin's raised edge and it weighs about the same as a quarter.

[Rockit]

3. Does anyone remember Susan B?

I miss the old coin dollars. I wasn't exactly excited about the Sacagawea but, and I understand why they are putting George Washington on it. But still... Where's my Susan B. at?
Snap!

All that aside, I am definitely not looking forward to getting weighted down with all that coin.

[AllegroRondo]

36. You can still find them

they're the same size and weight as the Sacagawea and the new ones. Best place to find them is post office vending machines, where they are given as change.

[philosophie_en_rose]

5. I like paper bills.

I hate keeping change.

[JVS]

6. I like both, because both are useful for me

I can use the $1 coins in parking meters. It's so nice being able to save the quarters for fine tuning and use the dollars for 1:20 each. Hopefully more vending machines will take the coins so i don't have to screw around with those bill reading devices. Also, I like using coins at the bar. Dollar bills are nice too, especially when you want to tip, but as far as your purse goes you should not need to bring your own singles, they should provide them for your. Any time I have a waiter or a waitress that brings me $6 as a 5 and a 1, I figure that it's their fault if the $1 tip is too low. There's no way I'm going to leave $5 on a meal that came to $13.46. Good waiters know that one should give the customer singles enough to tip 15% or 20%

[CaliforniaPeggy]

8. My dear caty!

I really like the new coins!

I recently got some, I don't even know where.......

And when I realized I had them, I felt so happy.......

They are very convenient to use!

I hope they become much more prevalent.......

:woohoo: :woohoo:

[FarLeftRage]

9. I want A dollar coin....

But, these new presidential "dollars" are too UGLY!!

They remind me too much of those brass presidential tokens that the gas stations gave away back in the 60's...

Anyone remember that???

[gemdem]

17. I remember the presidential tokens

Don't know what happened to them all. I had a whole mess of them as a kid -- just lost them over the years I guess.

[LynzM]

10. Coins, absolutely.

After having lived in Europe, man do I miss 1 and 2 Euro coins!! (or effectively, $1 and $2 coins)

[krispos42]

11. Will be great for when the kid's teeth start falling out

Tooth Fairy give out the cool shit!

[derby378]

12. A decent dollar coin, yes. THIS dollar coin, no way.

It looks like frickin' play money. They couldn't even be bothered to spell the words ONE DOLLAR on the coin anywhere.

This design is a product of the Bush administration. Not interested in spending "Bush dollars," especially when they're the same size as the Sacajawea dollar, which was the same size as the Susan B. Anthony dollar.

Someone at the US Mint must really have it in for historical American women.

[Critters2]

13. I hadn't even thought of the weight issue. My purse is plenty heavy already

I would think this would be a real pain for men who only carry a wallet in their pants pocket--like my dad.

[caty]

15. That's what I was thinking.

Are men going to have to start carrying men's purses to hold all their coins now?

[Xithras]

18. How do men in other countries do it?

Seriosly, I've never paid attention. I know that most other countries make more use of coins than we do, so how do they carry it?

[Art_from_Ark]

29. Here in Japan, the smallest note is a little more than $8.00

There are 100-yen (dollar-equivalent) coins the size of nickels, and the 500-yen coin, which is vying with the Swiss 5 franc for the distinction of being the world's highest face value circulating coin, is the same size as the Susie B./Sacagawea dollar. The Japanese dime-equivalent is the size of a quarter, the nickel-equivalent is the size of a nickel (but with a hole in the middle), and the 50-cent equivalent is a little smaller (also with a hole). The penny-equivalent coin is the same size as, but much lighter than, the US cent. I can easily carry $50 or more worth of these coins in my coin purse, which fits easily into my pocket.

[Commie Pinko Dirtbag]

35. I carry mine in my back pocket. And we're in the middle of a phase-out too.

The R$ 1 bill (~ 48¢) is going away. It has about the same purchasing power of one dollar, perhaps a bit more. (I can have a nice meal for R$ 10 or so)

[trof]

14. I remember when they were called 'silver' dollars.

Because, of course, way back then they were made of...duh...SILVER.
Now they're just 'dollar coins'.
:-(

[Art_from_Ark]

30. Unfortunately, the silver became more valuable than the dollar

If you were to make a real silver dollar coin that had the same fineness (90% pure) as the old coin, and that contained $1.00 worth of silver, it would be smaller than a dime now.

[Kutjara]

19. Coins last a hell of a lot longer than bills.

That should mean that coins will reduce the environmental impact of producing high velocity (low denomination) cash. Also, coins don't use ink, which is full of heavy metals and other toxins. Finally, stamping coins is cleaner than producing paper.

Bring on the coin.

[Cobalt-60]

31. If they have shrubs on them

longevity is not a plus.
Neither they nor Reagan, Nixon, Hoover, or Harding rate a coin.
I'll trade them at the bank before I play them.

[Kutjara]

34. I was going to agree with you, then I realized...

...that money only has dead Presidents on it. That would sort of soften the blow of Shrub being on it, dontcha think?

[Roon]

21. The one dollar coin will never work in America

People flip out over them and hoard. It has happened twice now.

[caty]

22. The only problem I have

with them is the extra weight. I like the idea of the one dollar coin over the dirty rumpled dollar bills. It's just that I go through a lot of one dollar bills every week and I'm wondering how much extra weight that is going to add to my purse and, for men--their pockets.

[HarukaTheTrophyWife]

24. They just need to stop making the bills, like Canada did.

[hfojvt]

33. Maybe more

Eisenhower dollars never got alot of use either.
I think a $5 coin would help immensely. Then you could pay small amounts (under $20) with coints. $11.47 would be two fives and two ones. As it stands now with $11.47 a person is just going to reach for their bills and pay with a $20 or a ten and two ones.

[bigwillq]

23. I hate coins

I wish they would eliminate all of them, not add new ones.

I do like quarters though.

[uppityperson]

27. I wish they would stop making different ones.

Silver dollars, Susan B Anthonys, Sacageweas, now a presidential one or whateverthehell it is. Just make 1. Keep it simple. I am tired of trying to figure out if change is real or funny money. I know they keep changing the paper ones also, but am tired of it all. Make 1. Quit doing this "let's make different ones so people will take them out of circulation and save them, hohum I'm bored time to design a new coin."

Comparing $1 coins to bills, I don't care either way.

[last_texas_dem]

28. I hope that the coins catch on

I've been hoping a dollar coin would catch on in America for a long time. I just think "silver dollars" are cool (even if these days they're no longer silver, and not much bigger than a quarter!) and would like using them more.

I do agree with the posters who point out that if the gov't wants the coins to catch on they should just phase out the bills. It will be goofy if they attempt a dollar coin and just mint it for just a few years, once again. Historically, they've done this several times in the last hundred years (first, they brought back the old "Morgan" for a year (1921), then it was the "Peace" Dollar (1922-35), the Eisenhower (1971-78), the Susan B. Anthony (1979-81) and most recently the Sacagawea, which couldn't have lasted for more than a couple of years from what I can remember.)

(I also think half-dollars are cool, and wish they circulated more, as they'd be more convenient to carry around than two quarters, but for whatever reason they don't seem to get around, and I'm pretty sure they haven't even made them for circulation for the last several years.)

[Art_from_Ark]

32. What killed the half as a circulating coin was the introduction

of the Kennedy half in 1964, and the subsequent removal of silver from the quarter and dime but not the half.

Up until 1963 or so, the silver (90%) half dollar was commonly used in circulation (as attested by all the worn Barber, Walking Liberty, and Franklin halves out there). But that all changed with the introduction of the Kennedy half dollar in 1964. In that year, it seemed like people everywhere wanted a memento of the late President Kennedy, and the Mint couldn't keep up with demand for the new half dollar. It was so popular, in fact, that in Europe it was selling for as much as $5 each. Thus,hardly any of the new halves reached circulation.

Then the next year (actually 1966, but the 1964 date was frozen throughout 1965), the Mint stopped making silver dimes and quarters, but the decision was made to keep at least some silver in the half. Even though the actual silver value of the new debased (40%) silver halves was far less than 50 cents, Gresham's Law went into effect, and people started hoarding both the 90% and 40% silver coins, and spending the new "clad" dimes and quarters, which were made of a practically worthless alloy of copper and nickel.

Production of the 40% halves lasted until 1969, but people weren't spending them, especially after 1968 when redemption of silver certificates was halted. Then, no half dollars were made for circulation in 1970. Meanwhile, half dollar slots in vending machines were being phased out due to lack of demand. By the time the base metal Kennedy half was introduced in 1971, it was too late to get it back into daily circulation.

[Deep13]

37. As long as it is not the same $1 coins introduced by Clinton or Carter!

I mean we can't have some liberal getting credit for this idea. We don't need no touchy feelly chick on the $1 like Susan Anthony or Sacajaweea. We need to put Washington on even though he is already on the quarter and has a big, granite post named after him in a city that was also named after him.

:sarcasm:

[Lowell]

38. I like coins

I use Sacs and Susan Bs all the time. As a numismatic collector I go through rolls of dollar coins regularly and use those I don't keep as tips or payment on small purchases. I think American's attitudes need to change about the use of coins as currency. Dollar bills are expensive to print, maintain and circulate. They don't last long and have to be replaced regularly. Coins last for decades. I'll be glad to see the dollar bill go. They are worth nothing anyway, at least they will gain collector value.

[AirmensMom]

39. I just subscribed to the proof sets

on usmint.gov. I've been collecting the state quarters proof and uncirculated coin sets since they came out. They're beautiful. :bounce:

I don't carry a lot of cash, so it's not an issue for me.