It's official, it was on HEADLINE NEWS today.

TwoSides2aCoin

Presidential Dollars

Whether or not we like it or agree.... it looks like the next few years are going to have a lot of presidents honored for the sake of making business strike dollars. Now who is this really for ?

I don't believe collectors care nor is the business world ready for big giant GAWDY pieces jingling in our pockets....
.........I think the casinos pushed for this, and Congress just goes along with change for lack of having a real agenda for running our country.
All vending machines will need new mechanisms and Whitman will have to find a better way to hold them coins in their folders (see Ike folders).....looks like Dansco is going to score with this series .

edited to add: this was the most insightful post from the original one: (proofed to correct : Politician)

As long as polititians decide what goes on our coins we are going to have polititians on our coins.

-------------------------
Alright! Who removed the cork from my lunch?

W.C. Fields

coppercoins

Mint engraver's dog and pony show. Absolutely no way the mint is going to actually circulate a dollar coin until the BEP quits making the $1 bill. Bottom line, and so painfully obvious to see that it's a complete embarassment for the whole country that they haven't figured it out in - what - nearly three decades? Makes me think we have nothing but retards running the show.

19Lyds

Personally, I think it IS just for the collectors. Especially for creating new collectors to help defray the costs associated with coining this countries money. The Treasury make billions off of us and the money brought in by these programs definitely helps to cut their production costs.
As Chuck stated above, there is no way that the typical consumer is going to actually use the dollar coins until the paper buck is done away with. I'd kinda like to see a circulating $5 coin myself!

(Is it possible to suffer from typing dyslexia?)

CC2GO

I'd much rather see Elvis on a Commemorative coin! LOL Just like the British Mint honoring John Lennon.
And how about Marylin Monroe on a St. Gauden's? Would that make it a St. Marilyn?
She would defiinitely grace the coin to say the least! But that would be MY collector's choice!!

But aside from that.....it appears the MINT is trying to stay in business for collectors since money used
for commercial purposes is winding down thanks to credit/debit cards and the internet.
Just my opinion!

nankraut

What coppercoins said: AMEN!

WaterSport

I'll pass collecting these, thank you.

WS

mgoodm3

you tell em CD!

CoinHusker

<< <i>Mint engraver's dog and pony show. Absolutely no way the mint is going to actually circulate a dollar coin until the BEP quits making the $1 bill. Bottom line, and so painfully obvious to see that it's a complete embarassment for the whole country that they haven't figured it out in - what - nearly three decades? Makes me think we have nothing but retards running the show. >>





Well put coppercoins. With this announcement, I took the opportunity to write to my congressmen and senators about the illusion of a circulating $1 coin while the $1 note continues to exist (not to mention the $500,000 savings per year if they switch over exclusively to the $1 coin) and suggested they take this opportunity to eliminate the note.

There response? "Coins can be conterfeited. Coins are too heavy."

Any Guesses as to what that means?


As I said in another thread about this, these coins are nothing more than a cheap commemorative that will be hoarded and will never see the light of day in circulation for the most part.

TheRaven

Give me my Proof & Mint sets like normal and 1 additional one for my set and I will be happy.....

This will not be nearly as popular as the state quarters.....

partagas

I am glad they are doing this. I know I will collect them. I think its a neat way to honor those who helped build our country.

As far as circulating. I love them, and use them in our work vending machines. Leave them as tips, along with 50 cent pieces. Doing my part to help keep the 50c alive.

LanLord

I think the whole idea is to capitalize on the success that has been the state quarter and L&C nickels.

It's all about the money - show me the money!

It will make the mint sets and PROOF sets very large and very expensive if the (presidential) dollars are now included.

LanLord

I guess there'll be another Dansco album out soon!

marmac

It seems a bit ridiculous to me. The plan states it as a 10 year program with 4 presidents a year coming out. It also states that no livng president will be coined. So the mint is working along and they get to our 38th president- President Ford, and wouldn't you know it he is still alive and kicking at 101 years old or so. Then what the program stalls out until he passes-stupid!!

It seems like a poorly thought out series, in poor taste. I would much rather see one design come out and leave it at that for a dollar coin-idealogical-classical- Lady Liberty, Eagle.... not arevolving door of past presidents showing up on coins. Some them are certainly worthy, while others are not...

While I like the impact the state quarter program has had on this hobby, I am not a fan of the coins themselves but at least the quarter program will reach completeness.

The presidential series seems to me to be a lackluster idea that has been poorly thought out. It will probably fly and proably tank!!

xbob

Presidential dollars is certainly for collector money only. I don't think will increase circulation in the least. Personally I think they could have chosen an idea that would be more popular (wildlife of America perhaps, great engineering achievements, space, etc...).

How about those .999 gold First Spouse coins that will accompany the presidential dollars.

Do I hear a collective yawn?

tmot99

<< <i>All vending machines will need new mechanisms >>



I don't know why they would, unless they are changing the size or weight. I thought they were doing these on the same as Sacagawea planchets.

I looked, but didn't see any size info or what planchets they would use.

ziggy29

<< <i>The presidential series seems to me to be a lackluster idea that has been poorly thought out. It will probably fly and proably tank!! >>

I think one of the reasons the state quarter program has been so successful is that quarters circulate. People can pick through their change and become "coin collectors."

Dollar coins do not circulate and, much like the $2 bill, WILL NOT circulate as long as the $1 FRN remains in production. So much of the reason for the success of the State Quarters program, IMO, will be absent from the presidential dollar program.

BECOKA

I don't know I kinda like getting a few rolls and spending them at places like Taco Bell, gas stations etc.. just to see the expression on the tellers face when they say this is not real money. The expression gets better when you have to have them call the manager to explain that it is.

It amazes me on how many people have never seen the dollar coin.

WillieBoyd2

I'll be sure to buy a Millard Fillmore dollar!

CoinHusker

<< <i>
How about those .999 gold First Spouse coins that will accompany the presidential dollars.

Do I hear a collective yawn? >>




Considering what some of the first ladies looked like, the mint engravers are going to have to be miracle workers to make an attractive Obv.

airplanenut

My only guest editorial to Coin World was about why this idea wouldn't work when proposed quite a while ago... I still think it's a stupid idea.

AgMe

If we can get them for face at a bank, you can put me down for several hundred! Washington, Lincoln, FDR, etc. will sell well.

With inflation being what it is, the "dollar" might be the new "quarter".

I think this program will work.

It'll be interesting to see the physical size of the proof/mint sets, HUGE I bet!!!! ...if we're paying ~30 USD now, imagine what they going to charge to include 5 dollar coins!

~g

MajorDuty

<< <i>Dollar coins do not circulate and, much like the $2 bill, WILL NOT circulate as long as the $1 FRN remains in production. >>



Sure they do. Obviously not in the numbers the rest of the coins do, but they do circulate. There are machines here in town that dispense Sacs and SBAs all day long.

The program will succeed and the Mint will make a lot of money on it. Bookmark and watch.

AgMe

<< <i>

<< <i>Dollar coins do not circulate and, much like the $2 bill, WILL NOT circulate as long as the $1 FRN remains in production. >>



Sure they do. Obviously not in the numbers the rest of the coins do, but they do circulate. There are machines here in town that dispense Sacs and SBAs all day long.

The program will succeed and the Mint will make a lot of money on it. Bookmark and watch. >>



The sackies also circulate south of the border, I don't remember which country it is, but it is dollarized & the sackie is heavily used.

Conder101

They most likely won't be available at the bank for face value. Oh they will issue the first year for circulation, but the banks won't order them so they won't be available. Then since they will have a glut of them in storage they will most likely not make them for circulation after the first year, maybe the second, and then they will be like the Sac dollars and only available by the roll and bag from the mint. So to get the four presidents, from both mints, and the Sac dollar from both mints, the collector will have to shell out $350 a year to keep his dollar collection up to date just for the business strikes. Then there will be the proofs too.

itsnotjustme

That will be 15 dollar coins per year, excluding any satin finish difference!