New $1 coin- would the changes make YOU use them?
 

New coins with President faces

"The U.S. Mint is hoping that Martin Van Buren and Millard Fillmore can do what Susan B. Anthony and Sacagawea couldn't - get Americans to use dollar coins.....The Mint is hoping the continually changing faces will entice consumers to break their traditional reluctance to use dollar coins.

"We think Americans are going to want to collect the series, and that will drive the coins through the economy," said U.S. Mint Director Edmund Moy."


Maybe it's just me, but why would collectability have anything to do with long-term UTILITY success in dollar coins? Until dollar coins have a weight and bulk that allows me to carry 20-30 of them easily, I don't see what use dollar coins are, for me.

I know they're cheaper in the long-term (are they easier to counterfeit? Then maybe not..) and if you use coins a lot, it might be slightly more convenient that multiple smaller coins, but still...

Am I just weird, or is the Mint fooling themselves again?
Will the same thing happen with the new coins as the old silver dollars- people will collect some but not use them?

Re: New $1 coin- would the changes make YOU use them?
 

I hate having change in my pocket. I won't use them.

Also, I think Nixon's face appearing on official US currency is a disgrace

Re: New $1 coin- would the changes make YOU use them?
 

I hate having coins in my pocket.

Besides, how do you get the $1 coin into the stippers G-string?

Re: New $1 coin- would the changes make YOU use them?
 

If they work in any machine, they're great -

our change machine at work dumps them out and I'll regularly use a 20 in there, and then the 20 bucks in dollar coins I end up using in machines, meters, and so forth -

I like them - anyone ever try to use a paper 1 dollar bill in a vending machine these days? - bastards never get thru easily unless they're crisp and new -

I like them - plus I can flip them like poker chips if my hands are bored [img]/images/graemlins/grin.gif[/img] - so I'm already using them and will use the new ones too -

rb

Re: New $1 coin- would the changes make YOU use them?
 

Dollar coins are worthless. Make em 5's and now we are talking.

Re: New $1 coin- would the changes make YOU use them?
 

Dollar coins are a good idea, they need to just phase out the dollar bills and then they'll start being accepted more and more. They then need to bring back the $2 bill - going to a $2 coin like they do in Canada is pushing it. You end up carrying too much change around all the time.

Re: New $1 coin- would the changes make YOU use them?
 

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Am I just weird, or is the Mint fooling themselves again?
Will the same thing happen with the new coins as the old silver dollars- people will collect some but not use them?

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You're not weird. Until the paper $1 notes are removed from circulation, $1 coins will not increase in usage.

The only way the mint can justify these coins is to make them more of a collectible, which is precisely what they did.

Re: New $1 coin- would the changes make YOU use them?
 

Why would you want to carry 20-30 dollar coins? Isn't that like carrying $5 in quarters now?

Re: New $1 coin- would the changes make YOU use them?
 

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Am I just weird, or is the Mint fooling themselves again?
Will the same thing happen with the new coins as the old silver dollars- people will collect some but not use them?

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Do you mean people 50 years ago used to collect rather than spend silver dollars? or people now? Because the silver in a dollar is worth like $10 now, it would be retarded to spend it on a snickers bar.

Re: New $1 coin- would the changes make YOU use them?
 

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They then need to bring back the $2 bill

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It's never left, in fact making a comeback.

Re: New $1 coin- would the changes make YOU use them?
 

Could they have picked less inspiring presidents?

Put Teddy Roosevelt on a coin. Put Jefferson on another.

Re: New $1 coin- would the changes make YOU use them?
 

TIPPECANOE AND TYLER TOO

Re: New $1 coin- would the changes make YOU use them?
 

[censored] the dollar coin.

It's retarded and annoying

Re: New $1 coin- would the changes make YOU use them?
 

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Could they have picked less inspiring presidents?

Put Teddy Roosevelt on a coin. Put Jefferson on another.

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I think they are releasing every president, a la state quarters.

Re: New $1 coin- would the changes make YOU use them?
 

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Could they have picked less inspiring presidents?

Put Teddy Roosevelt on a coin. Put Jefferson on another.

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Bison-

Pattern match on the fritz today?

The mint did not pick anyone. Those are #1-4. They are going in order.

Re: New $1 coin- would the changes make YOU use them?
 

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Why would you want to carry 20-30 dollar coins? Isn't that like carrying $5 in quarters now?

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does OP regularly carry 20-30 dollar bills?

Re: New $1 coin- would the changes make YOU use them?
 

We're moving away from cash money in general. More and more small purchases can easily be made with plastic. Coins are not gonna catch on.

Re: New $1 coin- would the changes make YOU use them?
 

Coins suck. I have 1 of my cupholders in my car filled with them for meters/tolls and other junk and big container at home. Cash them in once a year or so. They are only in my pocket until I dump them into one of these places.

Re: New $1 coin- would the changes make YOU use them?
 

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[censored] the dollar coin.

It's retarded and annoying

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Explain. To me, it seems pretty clear that with the effect of inflation you would want to replace low denomination bills with coins. Think about it - if quarters made sense as the cut-off in the past, then whatever the equivalent is in today's dollars should be the cut-off now.

Even more sensible would be a total elimination of pennies. If we needed to track transactions to 1/100th of a dollar 100 years ago, and a dollar is worth around 1/20th of what it used to be, we should be rounding to the nearest 5 cents now. The cost of producing pennies is a huge waste of time and money.

Re: New $1 coin- would the changes make YOU use them?
 

nothing really to explain...I don't like change. I have several bottles of change at home, buying something for $6 dollars paying with a $10) and getting 4 coins back is really annoying.

Re: New $1 coin- would the changes make YOU use them?
 

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Why would you want to carry 20-30 dollar coins? Isn't that like carrying $5 in quarters now?

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does OP regularly carry 20-30 dollar bills?

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seriously, outside of going to a stripclub, or being a waiter(or stripper for that matter) who ever has more than 5-10 1's on hand at a time

Re: New $1 coin- would the changes make YOU use them?
 

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Even more sensible would be a total elimination of pennies. If we needed to track transactions to 1/100th of a dollar 100 years ago, and a dollar is worth around 1/20th of what it used to be, we should be rounding to the nearest 5 cents now. The cost of producing pennies is a huge waste of time and money.

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The price of zinc just recently made it such that a penny's material value is greater than $.01.

Re: New $1 coin- would the changes make YOU use them?
 

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Could they have picked less inspiring presidents?

Put Teddy Roosevelt on a coin. Put Jefferson on another.

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"It will release four new presidential dollars each year, starting with George Washington, John Adams, Thomas Jefferson and James Madison in 2007."

Re: New $1 coin- would the changes make YOU use them?
 

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"The U.S. Mint is hoping that Martin Van Buren and Millard Fillmore can do what Susan B. Anthony and Sacagawea couldn't - get Americans to use dollar coins.

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http://upload.wikimedia.org/wikipedi...Sein_ep814.jpg

Re: New $1 coin- would the changes make YOU use them?
 

James Buchanan should be on the three dollar bill, y'all.

Re: New $1 coin- would the changes make YOU use them?
 

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They then need to bring back the $2 bill

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It's never left, in fact making a comeback.



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Whenever I have to go to the bank teller, I always clean them out of $2 bills. I love paying for stuff with them and getting weird looks. I once split a cab with a Canadian friend and gave hima couple of $2 bills and he thought they were fake.

Re: New $1 coin- would the changes make YOU use them?
 

I didn't click the link, but that doesn't change the fact that I'm lazy and therefore I didn't know.

Re: New $1 coin- would the changes make YOU use them?
 

well, Fillmore and Van Buren are like the most awesome Presidents ever and my two favorites of all-time, so of COURSE I'm gonna use them. Like duh.

Re: New $1 coin- would the changes make YOU use them?
 

American, eh?

Re: New $1 coin- would the changes make YOU use them?
 

There should definitely not be a $1 bill, it's the most ridiculous thing ever. Everywhere else in the world has $3-10 as their lowest bill with coins below that. Then agian, most countries don't have something a worthless as a penny either.

It really isn't that complicated of a system to get right, why the USA still has dollar bills and pennies (and even nickels) is beyond me.

Also, you don't keep the coins in your pocket, you keep them in your wallet.

Re: New $1 coin- would the changes make YOU use them?
 

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nothing really to explain...I don't like change. I have several bottles of change at home, buying something for $6 dollars paying with a $10) and getting 4 coins back is really annoying.

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Oh. Then we should probably make 1 cent, 5 cent, 10 cent, and 25 cent bills too? Then there wouldn't be any coins to worry about.

Re: New $1 coin- would the changes make YOU use them?
 

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Am I just weird, or is the Mint fooling themselves again?
Will the same thing happen with the new coins as the old silver dollars- people will collect some but not use them?

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Do you mean people 50 years ago used to collect rather than spend silver dollars? or people now? Because the silver in a dollar is worth like $10 now, it would be retarded to spend it on a snickers bar.

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Sorry, I meant the recent new "silver" dollars that looked like quarters and went over like a ton of bricks.

As to this other reply:
"Why would you want to carry 20-30 dollar coins"

um... I wouldn't. Now, if that was a rhetorical question, then I apologize for misunderstanding

Re: New $1 coin- would the changes make YOU use them?
 

My proposed USA monetary system:

Coins:

25 cents, 1 dollar, 2 dollars

Bills:

5 dollars, 20 dollars, 100 dollars, 500 dollars

God this would be so much nicer its not even funny. You could even keep the $50 bill if you wanted. Actually, I'm a little unsure about coins. I want to round things to 10 cents, but that makes me get rid of the quarter and replace it with a 50 cent coin. But then 50 cent, 1 dollar, 2 dollars seems repetitive. I dunno what the right solution is.

Edit: Edited to change coins to 25 cents, 1 dollar, 2 dollars from 10 cent, 50 cent, one dollar, two dollars.

Re: New $1 coin- would the changes make YOU use them?
 

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There should definitely not be a $1 bill, it's the most ridiculous thing ever.

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Also, you don't keep the coins in your pocket, you keep them in your wallet.

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Uh, what?

Re: New $1 coin- would the changes make YOU use them?
 

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Why would you want to carry 20-30 dollar coins? Isn't that like carrying $5 in quarters now?

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does OP regularly carry 20-30 dollar bills?

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When I'm headed to a p***r game, I do!

Re: New $1 coin- would the changes make YOU use them?
 

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My proposed USA monetary system:

Coins:

10 cents, 50 cents, 1 dollar, 2 dollars

Bills:

5 dollars, 20 dollars, 100 dollars, 500 dollars

God this would be so much nicer its not even funny. You could even keep the $50 bill if you wanted. Actually, I'm a little unsure about coins. I want to round things to 10 cents, but that makes me get rid of the quarter and replace it with a 50 cent coin. But then 50 cent, 1 dollar, 2 dollars seems repetitive. I dunno what the right solution is.

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I would like that more than the current system, though I would keep the $10 and $50

Re: New $1 coin- would the changes make YOU use them?
 

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There should definitely not be a $1 bill, it's the most ridiculous thing ever.

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Also, you don't keep the coins in your pocket, you keep them in your wallet.

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Uh, what?

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You put the coins in your wallet. How hard is that?

Ever been to Europe and seen a wallet with a pouch on the inside for coins?

Re: New $1 coin- would the changes make YOU use them?
 

[ QUOTE ]
My proposed USA monetary system:

Coins:

10 cents, 25 cents, 1 dollar, 2 dollars

Bills:

5 dollars, 20 dollars, 100 dollars, 500 dollars

God this would be so much nicer its not even funny. You could even keep the $50 bill if you wanted.

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God that would be awesome to pay for Arby's w/ a 20 and get two fives and two BIG [censored] COINS back.

Oh wait, that would suck.

Re: New $1 coin- would the changes make YOU use them?
 

if they do not get rid of the dollar (paper) this never works. Imagine putting a dollar coin in your mouth and a stripper trying to get it with her ass ...

now that I mention that maybe it is a good idea

Re: New $1 coin- would the changes make YOU use them?
 

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There should definitely not be a $1 bill, it's the most ridiculous thing ever.

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Also, you don't keep the coins in your pocket, you keep them in your wallet.

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Uh, what?

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You put the coins in your wallet. How hard is that?

Ever been to Europe and seen a wallet with a pouch on the inside for coins?

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A European Carryall? We call those purses here, and we don't use them. Take your monetary innovations and your metric system and begone.