US mint to do with dollar coins what it did with

[kc7jty]

The mint is going to issue dollar coins with each of the presidents (in successive order) as it did with the state quarters. I wonder what the endeavor will net them?

If it costs 5c (just quessing) to mint each coin and the public will take ALL of them (remember the female dollar coins) out of circulation that would be quite a money making scheme. Of course those of us who feel the paper dollar is a chronic pain in the @ss (as myself) won't get any relief.

Dear US mint: If you want the public to accept the dollar coin stop printing paper dollars....DUH!

[ka5piu]

Hello.

The coin dollar has been around in one form or another for ages.
The latest is the "golden dollar", still in circulation, still available in any bank.
However, it, like the 2 dollar bill, is not popular.
The suzy buck was way too much like a quarter in diameter and thickness.
The silver dollar was a nice size, that in an alloy would be fine with I.

[n2cfj]

When Canada came out with their dollar coin depicting a loon on the back (therefore folks began calling it a loony)they pulled all the $1 bills out of circulation. It was easier for them since the $2 bill is in common circulation there as opposed to the bad luck syndrome here. As an aside, I've been told that during WW2 when the townsfolks showed resentment about the soldiers in their town, post commanders would arrange fro pay to be made in $2 bills and then ask the local merchants who were complaining about the soldiers to look in their tills.

[W3MIV]

I'd rather keep the paper dollar and get rid of the damned penny. Just round it up or down -- but save me from pockets full of copper.

Now you want to weight me down with a dollar coin? Or worse, confuse my ageing mental powers by giving me another dollar slug the size of a quarter and expect me to accept that?

Make big coins out of aluminum or titanium, less weight in the pocket. But, then, the venders will squeal like girls in the boys' room.

Just leave well enough alone and let me finger the bunches of Morgans that I got as a kid. My uncles always pressed a silver dollar on me on my birthdays, on Christmas, graduations, when they were drunk, when they were sober, whenever. I still have them in a sack I can barely hoist.

[wa4ilh]

very interesting...... My XYL is a coin collector, does anyone have a LINK to an announcement on this.
Tom WA4ILH

[N9XR]

Dollar Coins (http://www.smartmoney.com/theproshop/index.cfm?story=20061130)

[KF0RT]

Quote[/b] (wa4ilh @ Nov. 30 2006,12:12)]very interesting...... My XYL is a coin collector, does anyone have a LINK to an announcement on this.
Tom WA4ILH
U.S. Mint (http://www.usmint.gov/mint_programs/$1coin/)

73, Rob

[W1GUH]

Quote[/b] (n2cfj @ Nov. 29 2006,13:03)]When Canada came out with their dollar coin depicting a loon on the back (therefore folks began calling it a loony)they pulled all the $1 bills out of circulation. #It was easier for them since the $2 bill is in common circulation there as opposed to the bad luck syndrome here. #As an aside, I've been told that during WW2 when the townsfolks showed resentment about the soldiers in their town, post commanders would arrange fro pay to be made in $2 bills and then ask the local merchants who were complaining about the soldiers to look in their tills.
BTW, re: Canadian coins....


If you get 'em in Canada, spend 'em in Canada. #They're virtually worthless here in the U.S.

I've tried to exchange them at banks, etc., and the shipping cost back north makes that impossible.

Guess I've got my own small collection of Canadian coins!

http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif

[wa4ilh]

Quote[/b] (KF0RT @ Nov. 30 2006,13:06)]Quote[/b] (wa4ilh @ Nov. 30 2006,12:12)]very interesting...... My XYL is a coin collector, does anyone have a LINK to an announcement on this.
Tom WA4ILH
U.S. Mint (http://www.usmint.gov/mint_programs/$1coin/)

73, Rob
thanks Rob, got site... Tom WA4ILH

[al2n]

I like the dollar coins and carry them when I can find them. It is funny when some pimple faced kid at the gas station does not want to accept a dollar coin. They are afraid that it is not real money any more. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif

[K0RGR]

Yeah, I like the dollar coins a lot, and I've had that same reaction at MacDonald's.

I think we should make our coins and bills out of plastic - particularly the bills. They would last longer, and I think the plastic would present more opportunity for anti-counterfeiting.

You could imbed RF-tags in them that could be used to verify their validity and value.

I agree that pennies should disappear.

I'd like to see $2, $5, and maybe $20 coins. Lose the penny, the dime, and the half-dollar.

[k4kyv]

Quote[/b] (W1GUH @ Nov. 30 2006,20:12)]If you get 'em in Canada, spend 'em in Canada. They're virtually worthless here in the U.S.

I've tried to exchange them at banks, etc., and the shipping cost back north makes that impossible.

Guess I've got my own small collection of Canadian coins!
Canadian coins look enough like US coins that I have never had any problem spending them. I sometimes get them in change, without even noticing until I sort through my pocket change. I just treat them the same as I would a US coin. Someone, inadvertantly or not, slips them to me. I just slip them on to someone else. I have never had a merchant to refuse them. I have even successfully used them in vending machines.

[W3MIV]

Quote[/b] (K0RGR @ Nov. 30 2006,17:36)]Lose the penny, the dime, and the half-dollar.
By doing so, you will be driving costs up by mandating a very large round-up. No one is going to round down, most particularly not by $0.50.

You will also be fueling inflation.

Lose the penny. Keep the rest. At least until I am staring up at the lawn.

[KF0RT]

I'm all for leaving things as-is.

We have one of those 5-gallon water jugs that collects pennies ("cents" for Glen). Granddaughter gets it when she turns 18, or when it fills up, whichever comes first. I have a Styrofoam cup on my desk at work to help the effort. Those who hate pennies are welcome to donate.

Love the silver dollars though. I have a couple from the late 1800's. Morgans, I think (?), but I'm not really a collector -- just appreciate them for their age and beauty. They're not really worth much unless you get into the rare stuff.

73, Rob

[kf6rdn]

I'll take ANY money!
http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif

I'm not picky!

I do prefer paper dollars. Pennys are handy when you need to throw something at someone. :0

[W1GUH]

Quote[/b] (kf6rdn @ Nov. 29 2006,22:16)]I'll take ANY money!
http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif

I'm not picky!

I do prefer paper dollars. #Pennys are handy when you need to throw something at someone. :0
Or need an emergency "fuse".

[kc7jty]

Quote[/b] (W3MIV @ Nov. 30 2006,12:08)]My uncles always pressed a silver dollar on me on my birthdays, on Christmas, graduations, when they were drunk, when they were sober, whenever. I still have them in a sack I can barely hoist.
Life was good wasn't it? I'm sure you had plenty of standing liberty and Franklin halves as well.
As far as the rest of your post: You deserve the penny. (BTW they are zinc now)

I'd like to see the penny, nickle, and paper dollar become extinct immediately, but I must live in the same world with the braindead masses.

Saw a nickle on the floor in a public building yesterday. I passed the test by not bothering to pick it up.

[kc7jty]

Quote[/b] (W1GUH @ Nov. 30 2006,13:12)]Quote[/b] (n2cfj @ Nov. 29 2006,13:03)]When Canada came out with their dollar coin depicting a loon on the back (therefore folks began calling it a loony)they pulled all the $1 bills out of circulation. #It was easier for them since the $2 bill is in common circulation there as opposed to the bad luck syndrome here. #As an aside, I've been told that during WW2 when the townsfolks showed resentment about the soldiers in their town, post commanders would arrange fro pay to be made in $2 bills and then ask the local merchants who were complaining about the soldiers to look in their tills.
BTW, re: Canadian coins....


If you get 'em in Canada, spend 'em in Canada. #They're virtually worthless here in the U.S.

I've tried to exchange them at banks, etc., and the shipping cost back north makes that impossible.

Guess I've got my own small collection of Canadian coins!

http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif
It's rare now, but when I get an occasional Canuck in change. (I like to look at my change in front of the cashier). I tell them the same smart @ss thing I get when I try to pass one back on them: "I'm sorry. I don't accept Canadian currency".

[kc7jty]

Quote[/b] (W3MIV @ Nov. 30 2006,14:46)]At least until I am staring up at the lawn.
Uncle if you're 6 feet under you won't see the sob.

BTW: Dos coras (pronounced dose coh-dahs by the Mexicanos) (quarters) = 50c.

[al2i]

Quote[/b] (al2n @ Nov. 30 2006,13:24)]I like the dollar coins and carry them when I can find them. It is funny when some pimple faced kid at the gas station does not want to accept a dollar coin. They are afraid that it is not real money any more. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif
I think you are an anti-kidite. In fact, you seem to be fairly dripping with extreme anti-kiditism.

[n6hcm]

Quote[/b] (kc7jty @ Nov. 30 2006,11:56)]Dear US mint: If you want the public to accept the dollar coin stop printing paper dollars....DUH!
the US Mint does not have anything to do with the manufacture or issue of $1 notes--that's the Bureau of Engraving and Printing.

furthermore, the US Mint doesn't decide on the style and format of currency--the Congress does.

it is my estimation that the $1 note will cease to be produced when Senator Kennedy of MA is no longer a senator (you see, the $1 note uses the lion's share of currency paper and the sole source of the special paper used for US banknotes is in the Senator's district ... killing the $1 note would put a fair number of people out of work).

[W1GUH]

Quote[/b] (kc7jty @ Nov. 30 2006,11:31)]Quote[/b] (W1GUH @ Nov. 30 2006,13:12)]Quote[/b] (n2cfj @ Nov. 29 2006,13:03)]When Canada came out with their dollar coin depicting a loon on the back (therefore folks began calling it a loony)they pulled all the $1 bills out of circulation. #It was easier for them since the $2 bill is in common circulation there as opposed to the bad luck syndrome here. #As an aside, I've been told that during WW2 when the townsfolks showed resentment about the soldiers in their town, post commanders would arrange fro pay to be made in $2 bills and then ask the local merchants who were complaining about the soldiers to look in their tills.
BTW, re: Canadian coins....


If you get 'em in Canada, spend 'em in Canada. #They're virtually worthless here in the U.S.

I've tried to exchange them at banks, etc., and the shipping cost back north makes that impossible.

Guess I've got my own small collection of Canadian coins!

http://www.qrz.com/iB_html/non-cgi/emoticons/sad.gif
It's rare now, but when I get an occasional Canuck in change. (I like to look at my change in front of the cashier). I tell them the same smart @ss thing I get when I try to pass one back on them: "I'm sorry. I don't accept Canadian currency".
Yea, but try that with a $1 or $2 coin. # http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif

[edit]
Actually, that response makes no sense here - it was meant to go after 'kyv's comment about slipping 'em back the same way you got 'em.

[K0RGR]

Quote[/b] (W3MIV @ Nov. 30 2006,14:46)]Quote[/b] (K0RGR @ Nov. 30 2006,17:36)]Lose the penny, the dime, and the half-dollar.
By doing so, you will be driving costs up by mandating a very large round-up. No one is going to round down, most particularly not by $0.50.

You will also be fueling inflation.

Lose the penny. Keep the rest. At least until I am staring up at the lawn.
I don't recall the last time I got a half-dollar in change, and the dimes are not that common. It seems like everybody does quarters and nickels now. Most vending machines won't take half dollars. There may be a better case for keeping the dime because it's easier to carry one than two nickels, but how many nickels do you have to carry to make change for anything if it's just nickels and quarters - four?

The point is, you could open up three slots in the typical cash register drawer by eliminating the penny, dime, and quarter. That would make room for any new coins.

Any new currency would require major rework to our vending machines, and the coin changers are the most expensive part of the machines. So machine vendors will raise their prices to cover the cost of the new equipment. If the vendors don't accept the new coins, the coins will never catch on. It's estimated that the vending industry could save $billions on the cost of maintaining dollar bill readers if the dollar was replaced with a coin, and the U.S. government would save billions, as well.

[W1GUH]

Yea, but the thought of a dancer stuffed with dollar coins instead of paper dollars isn't pleasant.!

http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif

[w4ass]

Quote[/b] (W1GUH @ Dec. 01 2006,15:23)]Yea, but the thought of a dancer stuffed with dollar coins instead of paper dollars isn't pleasant.!

http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif
yea but id love to see her try to pick it up off the bar with her but , now that be fun http://www.qrz.com/iB_html/non-cgi/emoticons/tounge.gif


73 w4ass

[N7CPC]

MIV, I'll give you a crisp new paper bill and my new skate key for that burdensom old bag. http://www.qrz.com/iB_html/non-cgi/emoticons/biggrin.gif

[k4kyv]

Supposedly the metal in the penny is now worth more than 1¢, and people have started melting them down and making a profit selling them as scrap. Now the gov't is saying that is illegal.

If it's my damn penny, how can anyone tell me I can't do what I want with it?

If the gov't is losing money on them, isn't it about time to phase them out?

[kb1oev]

Quote[/b] (k4kyv @ Dec. 28 2006,23:39)]Supposedly the metal in the penny is now worth more than 1¢, and people have started melting them down and making a profit selling them as scrap. #Now the gov't is saying that is illegal.

If it's my damn penny, how can anyone tell me I can't do what I want with it?

If the gov't is losing money on them, isn't it about time to phase them out?
Sometime between 1950 and 1960 I think, the US mint stopped making pennies completely out of copper because the cost had become more than the worth of the coin. #They changed them to be made of a zinc slug with a copper jacket on the outside. #

k4kyv, is this what you are referring to, or has the price of the zinc in a penny now worth more than a cent?

I saw a program on coins on the history channel and there was a guy who would machine a Sacajawea dollar and a quarter so they could be put together and appear to be a single coin, which he sold for something like $8. #He didn't color the quarter gold so they said it wasn't considered counterfitting, and aparently it was not illegal since the coins were his property and he could do what he wanted with them.


Just on a side note, all the paper for US currency is made by Crane and Co. in Dalton, MA. #This town is right next to mine and I even drove passed one of the Crane buildings on my way to work today. #When the Sacajewea coin came out, the people in this area rejected it so much that I have never seen one in circulation in the western part of MA. #I would never have seen one myself except that the stamp vending machines give them as change.

[k4kyv]

It is probably the total content of the penny.

I'm not sure how they manage to coat the zinc with copper. Those two metals are highly reactive with each other. So there must be a thin layer of brass (an alloy of copper and zinc) between them. Brass does not react with either metal, and is used for copper-to-galvanised electrical connectors.

My tower was corroding simply from rain runoff from a copper-clad open wire feeder, dripping onto the galvanised steel. I had to make a drainage tube to divert the drip away from the tower.

In France, sometime before WW2, the Franc eroded in value to be practically worthless, so they started minting the smaller coins out of aluminium. Those things felt about as worthless as they realy were. Eventually they "solved" the problem by adopting a "New Franc" in which the Franc was worth 100 Old Francs. Thus an old Franc became a "centime," which would be analogous to our penny. Of course it recently became a moot point when the Franc was replaced with the Euro.

The value of the dollar is eroding to the point that a better name for it now would be the "dollarette." Maybe in a few years the US could similarly adopt a "new dollar" worth 100 dollarettes.

[n0jaa]

Quote[/b] (W3MIV @ Nov. 30 2006,15:08)]Just leave well enough alone and let me finger the bunches of Morgans that I got as a kid. My uncles always pressed a silver dollar on me on my birthdays, on Christmas, graduations, when they were drunk, when they were sober, whenever. I still have them in a sack I can barely hoist.
I think I also will just hold on to my Morgans, my Walking Libertys, and my pre-1964 silvers. #And my Mercury dimes, Standing Liberty quarters, Silver Eagle dollars, etc., etc.

Maybe even my collection of 1943 steelies.