Here We Go Again: U.S. Mint Pushes New $1 Coin

If anyone has any $1 coins they don't want, feel free to send them to me and I'll put them to good use.

Seriously, the only people who will love this are coin collectors, any business which uses vending machines will love this, as well as the Treasury and Mint, since if they're successful they can move off paper one-dollar bills,* and dead presidents who weren't important enough to get on money otherwise. Well, at the rate of four coins per year, there's a good chance that Ford, Carter and Bush I will make it in time to get on a coin. Clinton and Bush II probably won't.

*See posts 6 and 7 below.
 
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I really wish we'd go to dollar coins, but I wonder when they'll realise it won't work if they don't also discontinue the bills.
 
I really like the design of these new coins. I'm also glad that the lame "In God We Trust" has been shunted to the side of the coin.
 
Frankly, I think this is a great idea. The US badly needs to start using dollar coins. I go to the bank every week or two and buy a roll because they are easy to carry, most modern machines take them, and I don't have to dig in my wallet every time I need to make a small purchase.

England uses pound coins almost to the exclusion of bills, and I found them extremely convenient.

Plus, there is the added advantage that lots of people like it when you give them a dollar coin. Some save them, but if they were more common, this wouldn't be done as much.

The only mistake was that damn Susan B. coin which looks too much like a quarter. The gold color is a big plus.

I'd like to see a $5 coin as well. The Brits (again) have a great two-pound coin that has a gold ring around a silver middle. It is very easy to distinguish from other coins.

eta: If you want to get rid of something, stop making those freakin' useless pennies.
 
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shemp said:
....Seriously, the only people who will love this are coin collectors....
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Uh, no. As the article points out, any business which uses vending machines will love this, as well as the Treasury and Mint, since if they're successful they can move off paper one-dollar bills.
 
Tricky said:
Frankly, I think this is a great idea. The US badly needs to start using dollar coins. I go to the bank every week or two and buy a roll because they are easy to carry, most modern machines take them, and I don't have to dig in my wallet every time I need to make a small purchase.

England uses pound coins almost to the exclusion of bills, and I found them extremely convenient.
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There is no £1 bill that is legal tender in the UK
 
I hope my presidential coin collection is a better investment than my state quarters . I had my 37 state quarters collection recently appraised at $9.25.
 
It is simply idiotic to have all your bills the same size and colour. Blind people don't stand a chance, and even people with perfect eyesight can easily be fooled, too.

Also, bills wear out very fast, where coins last longer. A $1 bill is simply an incredible waste of money.

Denmark has a brilliant system:

Coins:
25 øre, 50 øre:
Copper, increasing size, thin.

1 kr., 2 kr, 5 kr.:
Silver coloured, increasing in size, with a hole in the middle, thicker than øre-coins, edge is grooved.

10 kr., 20 kr.: Gold coloured, increasing in size, thicker than 1, 2 and 5 kr., edge is grooved.

Notes:
50 kr., 100 kr., 200 kr., 500 kr and 1000 kr. Different colours and illustrations, increasing in size.

Source

That's the way to do it, people.
 
How to make dollar coins popular: stop printing dollar bills. Is that politically possible? I think Charlie Rangel will get his military draft before that happens.
 
geni said:
There is no £1 bill that is legal tender in the UK
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Yes there is, the scottish one pound note.

Edited to add:

http://en.wikipedia.org/wiki/British_banknotes#Scotland

Having said that, we've had pound coins exlusively in England and Wales since the 80s and it's really quite discondcerting to go back to all those pound notes in Scotland (although they use coins as well). I prefer coins to notes.

Edited again to add:

The Bank of England Series D one pound note was discontinued in 1984, having been replaced by a pound coin the year before, and was officially withdrawn from circulation in 1988
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From the same Wikipedia article.
 
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Strippers won't like having a George Washington coin slipped under their mudflaps, but OTOH they'll start getting more $5 bills.

Me, I tip the ladies w/ a tenspot, and they LOVE me. In places where I'm known, I always get a table right by the runway, don't even have to ask.
 
sackett said:
Strippers won't like having a George Washington coin slipped under their mudflaps, but OTOH they'll start getting more $5 bills.

Me, I tip the ladies w/ a tenspot, and they LOVE me. In places where I'm known, I always get a table right by the runway, don't even have to ask.
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The answer to this is club money, paper money printed for the club to be used for the tipping of the women.
 
sackett said:
Strippers won't like having a George Washington coin slipped under their mudflaps, but OTOH they'll start getting more $5 bills.
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It'd be funny to slip a dollar coin with the face of women's rights pioneer Susan B. Anthony into a stripper's coin purse attached to her garter.

You've come a long way, baby.
 
Being bald, I get a lot of action from strippers anyway. It's a tradition to try to embarass the bald guy; I guess we blush more spectacularly than ordinary blokes.

I think but can't prove that the rub-selected-body-parts-all-over-the-bald-guy's-dome started with Gypsy Rose Lee, who had a penchant for the naked male head. She was a woman of good taste and discernement. All honor to her memory.
 
CFLarsen said:
It is simply idiotic to have all your bills the same size and colour. Blind people don't stand a chance, and even people with perfect eyesight can easily be fooled, too.
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Just for the record, I have never had any problem distinguishing one denomination from another.
 
maccy said:
Yes there is, the scottish one pound note.
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Nope. Not legal tender in england and in scotland the pound coin and two pound coins are the only things that are univeraly legal tender.
 
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