Sacagawea dollar 'most popular' coin in Ecuador
ohbaby
Posts: 768
Fascinating story in Coin World.
In 2000 US currency became legal tender in Ecuador. By 2003 the US had shipped 500 million of the coins to Ecuador to combat the short life span of paper currency. Paper money gets folded and crunched in the humid climate and lasts about 6 months. Ecuadorians like to crumple their money as it prevents the notes from falling out of pockets, purses, etc.
The coin is a hit as many believe the coin was minted by the US just for them. Sacagawea looks like the indigenous women of the area. Since most purchases are for less than $5 a fist full of Sacs are easy to carry, another plus.
Not related to the story, if you want adventure, head down to this beautiful country of Ecuador. Beautiful rain forests, friendly rural people, inexpensive travel and scenery not to be missed. The Galopagos Islands are a short side trip also not to be missed.
In 2000 US currency became legal tender in Ecuador. By 2003 the US had shipped 500 million of the coins to Ecuador to combat the short life span of paper currency. Paper money gets folded and crunched in the humid climate and lasts about 6 months. Ecuadorians like to crumple their money as it prevents the notes from falling out of pockets, purses, etc.
The coin is a hit as many believe the coin was minted by the US just for them. Sacagawea looks like the indigenous women of the area. Since most purchases are for less than $5 a fist full of Sacs are easy to carry, another plus.
Not related to the story, if you want adventure, head down to this beautiful country of Ecuador. Beautiful rain forests, friendly rural people, inexpensive travel and scenery not to be missed. The Galopagos Islands are a short side trip also not to be missed.
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and paper currency is actually the world's defacto standard currency.
It's also a good argument to continue minting the Sac: if its popular in
South and Central America, its circulation could be a way for our
government to take some debt off the books.
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We should've sent them all our old SBAs. Good riddance!
Ha! Good riddance indeed!
However, according to the story, Sacajawea looks like the women of the area and that's one of the reasons for it's popularity. Unfortunately, Susie B doesn't even look like a woman. So much for that idea, huh?
I cannot see Americans shopping at Neman Marcus with Sac's.
Gary
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relictrader@suddenlink.net
<< <i>I cannot see Americans shopping at Neman Marcus with Sac's. >>
Now just stop it, 'k? It would take a wheelbarrow full of dollar coins to buy anything at Needless Markup. To use this as an anti-dollar-coin point is ludicrous. Even if tomorrow all dollar bills were magically changed to dollar coins, people would still shop the same at high end department stores: with gold and platinum credit cards.
Dan
First Place Winner of the 2005 Rampage design contest!
Just for everyone's edification, we do not prefer the coin to paper money. The indigenous people admire the one your talking about, but would rather have paper money since it is easier to hide and isn't heavy like the coins are. It just doesn't make any sense for them to prefer it. I don't know where you got this but as and Ecuadorian I can guarantee it is "NOT" true at all.
When the Sucre was lost to the dollar there were riot's in the streets. Not just in the Andes but all over the country. It was one of the most difficult times Ecuador has had besides being robbed by the Peruvians the Spaniards weren't fun either. Have a great day and if anyone has a 1928 Ayora that they want to sell please let me know.
Welcome aboard! While you and a percentage of the population might not prefer the Sac dollar, I have heard and read that the government and banks DO prefer the Sac dollar over the paper dollar because it greatly cuts down the hassle of having to ship mutilated paper ones back to the US.
How?
Steve27, Hi Steve the picture your showing is NOT Quito. Quito is high up in the Andes mountains, wish I could post a picture but they are too big for what they allow here. There are no lakes or shore, thus a dead giveaway. That looks like a very, very old picture of maybe Guayaquil. The port city of Guayaquil was burned down many times by pirates.
Also the city of Quito is very old from before the time of the conquest. The old section is breath taking but the building's are not made of steel and cement like NY so there is no comparison there. Still a sweet thing to say (comparing to NY) about a little country that is non pretentious despite all it's gifts.
because i heard they use alot of them down there
its hard to beleive that all the wear came from normal use here in the US
That probably won't happen because I hate going to banks and usually send a family member for me. And even when I do go myself I tend to not say much, as I do pretty much all the time.
But, if I went into the bank and asked about them, I would think that to myself.
Monday the 4th, the Mint is selling the '10. Not bad, $250 for $250 coins with 250 airline miles, no shipping charge and a lot of fun.
–John Adams, 1826
......YIKES!!
<< <i>......YIKES!!
Yes, and it's due to be resurrected again in 2014 for a 10th anniversary celebration!
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<< <i>So that's where all the Cherrios dollars are !!!!!!!!!!!!!!!!!! >>
Good point.
But the cheerio dollars are more likely mixed in with what's "circulating" here.
<< <i>If you want an eyeful see the capital Quito, makes New York look like a country village. >>
A slight exaggeration.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire