The Dime

[reeb]

50/50 so far to change the face on the dime from FDR to Reagan.

WHY ??????

Heck leave it alone.

The Susan B Dollar didnt work.

Heck the way this Govt and " so so,s " think now days, lets just put:

MJ on the $1.00
OJ on the $ 5.00
Hanio Hanna on the $10.00
Martin Luther on the $20.00
Saddamm on the $ 50.00
Clinton on the $ 100.00

The govt changed the 20 a little while ago, and here in the Dallas area, there has been one heck of alot of conterfeiting the bill, and still are doing it.

LEAVE THE US MINT alone, dont change a darn thing. It has worked for a long time, and still will ( as long as it is there to earn and spend ).

Dont even bring up the Buffolo ( sp ) nickel. Ha Ha

enough..........

[MORTARDUDE]

Just another way to waste our tax money. I got 2 of the Sangwagea ( sp ? ) dollar coins at the bank the other day. Got to be one of the most stupid things I have ever heard of. Who wants 10 of those clunkers in their pocket when they can have a $ 10 bill..and so it goes.

Larry

[Keith_Hixson]

The Reagan family has ask that there be no change from Roosevelt.

Keith

[Timothy R. Kuhr]

Reeb, you got a point.
If we want to temporarily honor someone, we should put out a comemoration coin in the $1 amount. I'm sure Reagan will get honored someday (though I'm not sure about who deserves it) but I would hate to lose FDR (who lead us through some hellish times as my parents related to me) as much as I would hate to lose Lincoln, Jefferson and Washington.

[39mto39g]

I have said for a lot of years there should be a $3.00 bill. Make the Regan bill/cone this amount.
Then they could make the $15.00 Ron Bill.

Ron

[reeb]

Ron,

I have your address,

The next time I go to the Flea Market, I will pick you up a three dollar bill.

I carry one in my wallet all the time.

It is kinda nasty, with Hillary on the Pres face and the serial number.

enough..........

[revwardoc]

about this. They've got to be kidding!! How could they compare Ronnie Ray-guns to FDR?!

As for those Sacagawea dollars, several stores in my area won't take them because they don't a change drawer forthem. I tried to use one once and the guy refused it because hethought it was a Canadian coin. Even when I showed him the US markings, he still wouldn't take it. It was the same with the SB Anthonydollars and the Jefferson $2 bills. I did hear that they were considering putting Barney Frank on the $3 bills!

[reeb]

Ya know,

It is kinda of funny, but up North in Ohio where I was born and raised, the Canadian money was always sought out by store owners.

Ifn you get a nickel in change that is Canadian, then take it to another store and they would buy it from you in a heart beat.

Never did know why.

We have on gal on here that maybe could enlighten this:

What do you say Grasshopper??

enough.........

[MORTARDUDE]

I am going to see if I can find the stats for what it cost to produce the dollar coins twice and the $ 2 bills, and index it for infaltion. Doesn't even count the storage cost for all this junk....

Just put it in the "creative-ways-to-piss-away-your-tax-dollars" file.

Larry

[MORTARDUDE]

Mint Stops Striking Golden Dollars

Supply on hand exceeds demand, says Treasury Related Resources


Dateline: 04/06/02

With supplies racing ahead of demand, the U.S. Mint has halted production of the Sacagawea or Golden Dollar, as Americans continue to shy away from using dollar coins.

According to an audit by the Treasury Department inspector general, the move will save taxpayers some $2 million in production costs during 2002 alone.

With enough Golden Dollars already on hand to meet needs for the next 3.6 years at current demand levels, production of the coin was officially stopped on March 31 and Mint officials are now evaluating the need to strike any at all during 2003.

After turning out 6 million coins since January, and planning to produce another 40 million coins for circulation during the second quarter of 2002, the Mint will now strike just over 10 million Golden Dollars over the remainder of the year for sale to collectors.

Demand for the Golden Dollar has dropped steadily since October 2001, according to the inspector general's report which concludes, "Without any real expectation of the Mint shipping these 40 million coins to the Federal Reserve System during fiscal 2002, it would have been unlikely that the Mint could recoup its $2.18 million investment during this fiscal year."

Making its debut in January 2000, initial circulation of the Golden Dollar pleased Mint officials still smarting from the dismal failure of the Susan B. Anthony dollar coin. In Feb. 2001 Safeway, Inc. agreed to circulate 1.5 million Golden Dollars in its 1,500 stores. By the middle of 2001, over 500 U.S. businesses at 225,000 locations across the nation reported keeping and using supplies of the coin.

The front, or obverse, of the Golden Dollar bears a Glenda Goodacre-designed engraving of Sacagawea, the Shoshone woman credited with guiding Lewis and Clark through the American West during 1804 to 1806. The Mint changed the official designation of the coin from the Sacagawea Dollar to the Golden Dollar when slang terms like "Sacky" and "Squawbuck" began to appear in the press.

Mint officials say that many of the Golden Dollars distributed so far have been hoarded as keepsakes making them infrequent visitors in store cash registers and consumers' pockets.

At the same time hoarders were removing the coins from circulation, the slowing economy decreased demands for all coins, especially dollars.

Why dollar coins?
The U.S. has been issuing dollar coins since 1794 and will probably continue to do so as long as the need to carry "physical" money remains. On April 7, 2000, the General Accounting Office (GAO) reported that replacing all paper $1 bills with dollar coins would save taxpayers $522.2 million per year. A circulating coin, says the GAO, last about 30 years, compared to the average 17 month lifetime of a paper dollar. In addition, dollar coins make it much easier for visually impaired persons to make purchases without fear of accidentally using larger than necessary bills or of being shortchanged.

Why paper dollars?
The U.S. one-dollar bill, the "greenback" stands as one of the best recognized object on Earth. Readily accepted by virtually any vendor in any country, the dollar bill has come to symbolize the strength and stability of the U.S. economy in the world market. From a purely utilitarian standpoint, paper dollars are simply more convenient to carry and use than dollar coins. You can carry 100 one-dollar bills around all day long, but 100 dollar coins quickly becomes a burden.

What a nice debate. How do you want your money, paper or metal?