do you ever receive dollar coins? (user search)
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  do you ever receive dollar coins? (search mode)
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Question: ....
#1
yes
 
#2
no
 
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Total Voters: 31

Author Topic: do you ever receive dollar coins?  (Read 1012 times)
politicallefty
Junior Chimp
*****
Posts: 8,329
Ukraine


Political Matrix
E: -3.87, S: -9.22

P P
« on: December 07, 2013, 06:37:54 AM »

Not really.  The average lifespan of a circulating dollar bill is only about five years and I seriously doubt they'd remain in circulation long if we ceased printing them as people would tend to keep them as souvenirs and the the remainder would see hard use while they were still available. I do agree, you'd need to end the penny and the dollar bill to get the dollar coin to be more widely used and that is unlikely to happen because of the politics involved.  Maybe if we switched to a zinc nickel at the same time as we got rid of the penny it would work.

I agree. I think the only way a dollar coin works is if the government stops printing dollar bills. (If that pushed for the abolition of the penny, that'd be all the more reason to go for it.) I could see going even further and stop minting the nickel as well. That'd leave an opening for a $2 coin. Another failure with past dollar coins was the terrible design. Susan B Anthony dollar coins looked too much like quarters and the Sacagaweas easily tarnished. I thought the current presidential $1 coins were a big improvement, which supposedly are tarnish-resistant. I'm also a fan of the edge-lettering and I think the reverse of that coin is one the best:

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politicallefty
Junior Chimp
*****
Posts: 8,329
Ukraine


Political Matrix
E: -3.87, S: -9.22

P P
« Reply #1 on: December 07, 2013, 08:47:37 AM »

Since they have the exact same composition, that makes little sense.

Next year will be important for the Presidential coin series.  If any of our living ex-Presidents wants to be a part of the series, they have to die next year to be eligible for the final set to be issued next year.

The US Mint claims that they used tarnish-resistant coating due to complaints with the Sacagawea dollar coin.

As for the Presidential $1 Coin program, it seems to be almost dead at this point. It's only around for collectors at this point.

To be honest, at this point, I'd consider giving Reagan the dime (as many conservatives seem to want) if we got FDR on a new dollar coin that replaced the dollar bill. I don't like the idea of Reagan on our currency, but I'd rather our coins and bills make sense.
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