Yet Another Dollar Coin - Here We Go Again... by Eric

REAL WORLD EVENT DISCUSSIONS

Yet Another Dollar Coin - Here We Go Again...

POSTED BY: ERIC
UPDATED: Tuesday, February 13, 2007 13:51
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Sunday, February 11, 2007 6:10 PM

Why do they keep doing this?

Quote:
A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin.

Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. A quarter-century ago, it showed feminist Susan B. Anthony on the front; then one in 2000 featuring Sacagawea, the Shoshone Indian who helped guide the Lewis and Clark expedition.

The latest dollar coin will bear Washington's image, followed later this year by those of John Adams, Thomas Jefferson and James Madison. A different president will appear on the golden dollar coins every three months.

The series of coins will depict four different presidents per year, in the order they served.

Congress voted to create the new dollar coin, betting that this series would be more popular than its recent predecessors.

http://news.yahoo.com/s/ap/20070211/ap_on_bi_ge/money_ap_poll

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Sunday, February 11, 2007 7:48 PM

FLETCH2

Because it's a good idea. A dollar bill lasts about 4 months and then you have to pay to print more. Keeping with paper for what is a small denomination is a waste of money (he he)

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Sunday, February 11, 2007 8:04 PM

FINN MAC CUMHAL

Quote:
Originally posted by Eric:
Why do they keep doing this?

Because it's a hell of a lot cheaper. Hopefully this time, it will stick.

Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum.

Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.

-- Cicero

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Sunday, February 11, 2007 8:59 PM

SIGNYM

I believe in solving problems, not sharing them.

The Susan B was too similar to the quarter. But the Sacajawea was wildly popular with everyone except the banks, which refused to distribute it because it they don't like dealing with coins. (too heavy)

---------------------------------
Reality sucks. Especially when it contradicts our cherished ideas.

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Monday, February 12, 2007 12:21 AM

NEWOLDBROWNCOAT

simply remedy-- tell the mints to quit printing $1's.. When the paper ones wear out, business and folks will have to use the coins.

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Monday, February 12, 2007 2:17 AM

SOUPCATCHER

Quote:
Originally posted by Eric:
Why do they keep doing this?

Hmmm. I'm just the type of sucker this gimmick is geared towards. I'm still waiting for that South Dakota quarter to complete 2006. Add to that the fact that I really like using coins instead of bills for unit 1 and it's a recipe for high usage/collection. Why did I feel the need to never spend any California quarter that came into my possession? It's the same reason I continue to buy O S Card books in the Ender's series even when it's clear he's jumped the shark and is just phoning in the anti-choice propaganda (c'mon, the great Bean and Petra embroyo chase? What da hell?)

So, yeah, color me happy about this. I'm just hoping I can get more William Henry Harrison's than the number of days he was alive while President. And who wouldn't want to buy something super fattening with a Taft dollar? Or wave a Lincoln in front of your favorite Great White Southern Hope Confederate Sympathizer while tossing the James Buchanan or the Andrew Johnson in the toilet? Buying a shot of whiskey with Grant dollars? Priceless. The possibilties are endless. And just wait until the William Jefferson Clinton dollar coin comes out. Guaranteed to make any wingnut's head spin around 720 degrees. Actually, if they haven't already designed the thing, I think they should have Bill's penis on one side rather than his cranial orb. That's the part of his body that all the Republican right-wing radio listeners fixated on. Talk about envy

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Monday, February 12, 2007 4:03 AM

SHINYED

The main reason we don't see the Dollar $1 Coin in widespread circulation is because of :

A) Personal collectors
B) Vending Machine industry

They've got all the coins right now. The Treasury should stop printing any new dollar bills and go with only coins if they ever want the coins to become popular.

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Monday, February 12, 2007 5:11 AM

REDLAVA

I infrastructure just isn't there yet. I bet only half of the vending machines accept the new $1 coin. Waitresses will be so overburdened by the increased weight they will be too tired to give good service. And what the crap are the guys supposed to stick in the strippers g-string. It'll be mass chaos.

The penny is what we have to do away with. it actually costs more to mint that than it is worth.

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Monday, February 12, 2007 8:03 AM

ERIC

Quote:
Originally posted by Redlava:

The penny is what we have to do away with. it actually costs more to mint that than it is worth.

Time to revive the age-old art of coin clipping...or just melt them down.

Dollar coins are a good idea a priori, but unless there's a concerted, comprehensive effort on the part of the mint to insert them into the mechanisms of daily life, like machines and meters, I just don't see why this attempt should turn out any different than the previous two. Logical arguments aside, if people don't use them, then by definition it's not a good idea. I guess we'll see...

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Monday, February 12, 2007 8:24 AM

STORYMARK

I can see the logistical advantages, but I absolutely hate carrying coins.

"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him."

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Monday, February 12, 2007 9:07 AM

REDLAVA

I don't like change either. Whenever I get it I put it into a jar and take it to the bank when it gets full. I'd probably do the same with the $1 coin. Unless I intended on spending it like at the vending machine at work and such.

I think the reason it never really caught on with John Q. Public is because John Q. Public never got any. In the 5 or 6 years that the Sacagawea coin has been around I have probably only received 2 as monetary compensation. Course that and 2/3 of my transactions are done by check or debit/credit card. Which I assume are also rising trend amongst the rest of the population as well.

I almost can compare this with Firefly. Lots of people have seen it, some like it, some don't. And only a few are trying to do something productive about it while the rest of the country is indifferent or just plain old ignore it.

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Monday, February 12, 2007 9:18 AM

FLETCH2

Part of the problem is that the mint decided to make it a big coin. If you look around most high value coins in teh world are either small and thick or standard size and bimetal. A small thick coin would be easy for folks with poor eyesight to identify by touch and probably not weigh much more than a couple of quarters.

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Monday, February 12, 2007 9:29 AM

CAUSAL

Quote:
Originally posted by Eric:
Why do they keep doing this?

Because it's easier, cheaper, and makes more sense? I'm pretty sure those were the reasons. Anyway, you aren't offering any arguments against...

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Monday, February 12, 2007 9:30 AM

CAUSAL

Quote:
Originally posted by SoupCatcher:
...anti-choice...

Behold the power of rhetoric.

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Monday, February 12, 2007 9:33 AM

CAUSAL

Quote:
Originally posted by Eric:
Dollar coins are a good idea a priori,

How could you possibly talk about the dollar coin a priori? Give me an a priori argument for the dollar coin.

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Monday, February 12, 2007 9:53 AM

ERIC

Quote:
Originally posted by Causal:
Quote:
Originally posted by Eric:
Dollar coins are a good idea a priori,

How could you possibly talk about the dollar coin a priori? Give me an a priori argument for the dollar coin.

Without any previous data regarding actual use by the public, it would seem to make intuitive sense to introduce a coin with the value of our primary denomination of currency. But if we have reason to believe people won't use it, it becomes less of a good idea.

If you want to debate epistemology, I'll concede the term may have been used in error.

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Monday, February 12, 2007 10:20 AM

CAUSAL

Quote:
Originally posted by Eric:
Quote:
Originally posted by Causal:
Quote:
Originally posted by Eric:
Dollar coins are a good idea a priori,

How could you possibly talk about the dollar coin a priori? Give me an a priori argument for the dollar coin.

Without any previous data regarding actual use by the public, it would seem to make intuitive sense to introduce a coin with the value of our primary denomination of currency. But if we have reason to believe people won't use it, it becomes less of a good idea.

If you want to debate epistemology, I'll concede the term may have been used in error.

Sorry, Eric. I'd just gotten home from my Metaphysics class, and was feeling fiesty. In the vernacular sense, I think you're right.

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Grand High Poobah of the Mythical Land of Iowa, and Keeper of State Secrets

Captain, FFF.net Grammar Police

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Tuesday, February 13, 2007 9:44 AM

ANTIMASON

Quote:
Originally posted by Eric:

it would seem to make intuitive sense to introduce a coin with the value of our primary denomination of currency

you mean near worthless? thats all this is.. a distraction, to keep the public entertained with stupid gimmicks, instead of asking questions like why we buy our currency at interest from a private bank, why we're in debt trillions of dollars, or why we've gone off the gold standard... and the list goes on

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Tuesday, February 13, 2007 11:22 AM

REDLAVA

Begin sarcasm

Yes that has to be the reason. The government is so cunning. How could we be such fools and fall for that ridiculous diversionary tactic.

End sarcasm

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Tuesday, February 13, 2007 1:29 PM

ANTIMASON

good question... but apparently people are incredibly foolish

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Tuesday, February 13, 2007 1:51 PM

CITIZEN

Quote:
Originally posted by antimason:
why we've gone off the gold standard...

Because it didn't work

More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.

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