I love the dollar coins. I took my children to McDonalds the other day and just to be funny I paid for the food with Sac's, pres Dolars, and some SBA. My god you would have thought the dude in the window just took a bar exam. He could not figure out what they were. He actually called the shift supervisor over to the window to ask her about it. Have to educate the people behind the till before the dollar coin gets respect.
RACC I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
So, now there will be no hundreds of millions of unused 2007 Sacs....Congressionally speaking. Now there will be just the usual mint set and roll versions...around three to four million per mint.
The Sacs should continue to be an attractive sleeper series. The un-circulated uncs from 2002 to 2006 have risen nicely of late. So will the 2007, but not as much as the past issues.
Just stop producing $1 coins all together. A dollar is wort that much anymore. Personally maybe they are trying to use coins because of inflation and to let everyone know that the dollar isn't worth crap. Eventually it will be like a golden quarter for example. Everything will cost $5 and not $1. Just save up and start making the amero cause the USD is falling fast. Gotta love inflation. I have an idea let just bale all the people with mortgage problems out and screw everyone else. IMHO
I want to complain, but don't want to do it in a new thread.
I work in a building complex of maybe 2 to 3 thousand folks. There is a cafeteria.
I have been spending golden dollars in the past month. In fact, I have spent no paper money here.
Today, I chat with the folks in the cafeteria. As I pay for my lunch, they notice I am paying with golden dollars. "Oh, so you are where these are coming from...we see about 10 a day."
Obviously, I am the ONLY PERSON out of three thousand folks that spends these.
These things go on a one way trip to the bank fault. That is hardly circulation.
I wonder what the other side of the spectrum is like. In 1853, there was a serious shortage of currency. Today, we are on the other end of that scale! I suspect a currency shortage is much worse overall.
<< <i>From a article in the September 17th Coin World, 2007 will be the first time since 2001 the Sacagawea Golden dollars will be struck for circulation as required be the Presidential Coin Act which mandates one Sacagawea be struck and placed into circulation for every three Presidential dollars released. Given current minatge figures for the Presidential dollars, the legislation would require at least 300,000,000 Sacagawea's be struck this year for circulation.
<< <i>2007 marks the first year since 2001, the second year of production, that circulation-quality Sacagawea dollars are being struck not only for numismatic sales, but for distribution into circulation. Provisions of the Presidential $1 Coin Act of 2005 require one Sacagawea dollar to be struck and placed into circulation for every three Presidential dollars struck and released. Federal Reserve officials have stated, however, that their existing inventories of Sacagawea dollars are sufficient to meet the current demand for the coins. Individual banks may not be able to place orders for 2007 Sacagawea dollars, like they can for each new Presidential dollar. So far, the only 2007 Sacagawea dollars struck have been designated for collector sales. Hundreds of millions of Sacagawea dollars are scheduled to be struck sometime this fall to meet the congressional mandate. >>
[EDIT]Now the Mint is claiming they will not be struck for circulation:
<< <i>Mint will not produce 2007 circulating Sacagawea $1s. Claims 2007 bill supersedes Presidential $1 Coin Act.
U.S. Mint officials will not strike circulating Sacagawea dollars in 2007 and 2008 as mandated by a 2005 act, saying a 2007 law supersedes the earlier act. >>
People don't know how to handle "change".By change I mean something different than the "normal" routine of the day.It seems that if it is Not routine to them is going to stay different until the regular folks bring more and more of those dollar coins in and then it becomes "routine".
<< <i>People don't know how to handle "change".By change I mean something different than the "normal" routine of the day.It seems that if it is Not routine to them is going to stay different until the regular folks bring more and more of those dollar coins in and then it becomes "routine". >>
Change?! It seems that half this country's population is hoping for change.
Comments
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
The Sacs should continue to be an attractive sleeper series. The un-circulated uncs from 2002 to 2006 have risen nicely of late. So will the 2007, but not as much as the past issues.
Ren
Great stuff
I work in a building complex of maybe 2 to 3 thousand folks. There is a cafeteria.
I have been spending golden dollars in the past month. In fact, I have spent no paper money here.
Today, I chat with the folks in the cafeteria. As I pay for my lunch, they notice I am paying with golden dollars.
"Oh, so you are where these are coming from...we see about 10 a day."
Obviously, I am the ONLY PERSON out of three thousand folks that spends these.
These things go on a one way trip to the bank fault. That is hardly circulation.
I wonder what the other side of the spectrum is like. In 1853, there was a serious shortage of currency. Today, we are on the other end of that scale!
I suspect a currency shortage is much worse overall.
<< <i>From a article in the September 17th Coin World, 2007 will be the first time since 2001 the Sacagawea Golden dollars will be struck for circulation as required be the Presidential Coin Act which mandates one Sacagawea be struck and placed into circulation for every three Presidential dollars released. Given current minatge figures for the Presidential dollars, the legislation would require at least 300,000,000 Sacagawea's be struck this year for circulation.
<< <i>2007 marks the first year since 2001, the second year of production, that circulation-quality Sacagawea dollars are being struck not only for numismatic sales, but for distribution into circulation. Provisions of the Presidential $1 Coin Act of 2005 require one Sacagawea dollar to be struck and placed into circulation for every three Presidential dollars struck and released.
Federal Reserve officials have stated, however, that their existing inventories of Sacagawea dollars are sufficient to meet the current demand for the coins. Individual banks may not be able to place orders for 2007 Sacagawea dollars, like they can for each new Presidential dollar.
So far, the only 2007 Sacagawea dollars struck have been designated for collector sales. Hundreds of millions of Sacagawea dollars are scheduled to be struck sometime this fall to meet the congressional mandate. >>
[EDIT]Now the Mint is claiming they will not be struck for circulation:
<< <i>Mint will not produce 2007 circulating Sacagawea $1s. Claims 2007 bill supersedes Presidential $1 Coin Act.
U.S. Mint officials will not strike circulating Sacagawea dollars in 2007 and 2008 as mandated by a 2005 act, saying a 2007 law supersedes the earlier act. >>
[/EDIT]
Link >>
I'm a little slow. Does this mean the mint will try to sell 300 million coins to collectors? (At the usual 40% premium of course)
Man, who keeps digging up these old threads!!!
<< <i>People don't know how to handle "change".By change I mean something different than the "normal" routine of the day.It seems that if it is Not routine to them is going to stay different until the regular folks bring more and more of those dollar coins in and then it becomes "routine". >>
Change?! It seems that half this country's population is hoping for change.
Ren
By the way, where is the Buffalohunter? This thread reminded me of that.
Ren
edited for the BTW