Ok...who thinks a $5 coin would be a great idea??

saintguru

Raise your hands.

I'll take this as a petition to the mint.

leothelyon

And with 40% silver.........if possible!

Batman23

sinin1

I thought they had some already







I keep asking at my bank but they don't have any

doh

Yeah, the $1 coins are popular. I'm sure the $5 coins would be 5x as popular.

fc

a 5 dollar coin will never work here because it may make overweight
americans work harder to buy mcdonald's burgers. whew! that coin
is heavy!

seriously tho, if it had silver in it i would be proud to use it on a daily
basis.

airplanenut

<< <i>Yeah, the $1 coins are popular. I'm sure the $5 coins would be 5x as popular. >>

5 * 0 = 0

Type2

Yes, A five dollar gold buffalo or 1.00 gold buffalo will be very cool just something that we all can buy a roll of and not kill us will be cool.

Bochiman

Since I haven't been drinking today, I am rational, and the answer is NO!
Would be a very silly thing to do.

saintguru

raise your HANDS!!!!

lonelyp

And a $10.00 coin you can cut into 10 pcs.

OK it's an old idea, Call me old fashion, I don't care.

57loaded

<< <i>Since I haven't been drinking today, I am rational, and the answer is NO!
Would be a very silly thing to do. >>



Ron, I have!

and my answer is no!

so what does that mean?

what we really need is a 2 1/2 dollar coin.....

TwoSides2aCoin

<< <i>raise your HANDS!!!!

>>


which costs less ... minting or printing ?

Less is more !

notwilight

<< <i>And with 40% silver.........if possible! >>



I don't think they will ever make another circulating coin with precious metal in it. --jerry

Louis

fc

Louis

<< <i> >>




I think I've seen you at church when they were passing the collection plate around.

tmcsr69

cladking

I like a $5 coin but without a $1, and perhaps a $2, it will have much less utility.

BlindedByEgo

Neh.

Classof67

BBN

$5 coin about the size of a quarter made of copper.

ElKevvo

I think it would be a decent idea...but of course ya gotta get rid of the $5 bills concurrently or else you end up like the Sackies and the SBA's.

K

leothelyon

You can add Bear's thread to your poll.


Leo

Griv

<< <i>And with 40% silver.........if possible! >>



What would be cool is to have a $5 coin the size of a JFK, (get rid of the JFK he was a SOB anyway), and make it 40% silver. Then make the reeded edge a thin layer of 10K gold. The only way it will work is to eliminate the $1, $2 and the $5 dollar bills. That's why the dollar coin doesn't work. I hate to carry change around all day and a couple of $5 bills are no problem at all so given the choice, screw the coins but if you take away the bills then I have no choice. This is what they did in Europe and even an anti-change carrier like me got used to it. It seems funny that this is not obvious to everyone.

LindeDad

Be sure to make about five diferrent ones per year at three mints so we can have about forty different coins per year for our registery sets like they do with the dollar coins.

And the way things are going they can make them out of recycled beer cans and the value will be at melt.

Griv

Good points.

MacCrimmon

I think it's a great idea, but it will never happen as long as a disingenous government allows for printing small denom currencies side-by-side.

WHY???

Seigniorage. Why should they cream off only 88 cents per unit for a billion dollar coins (which would last 30 years), let's say, when they can "re-print" a billion in dollar bills 20 times over that 30 year period, and make an additional 7 cents per buck doing it.

If you were punching the stop/start button wouldn't you rather be using an offset printing machine than a coin press?

Oh yeah, another thing; Ted Kennedy is still alive, and Crane Paper is still dropping rather large donations into his coffers.

MrEureka

Why should they cream off only 88 cents per unit for a billion dollar coins (which would last 30 years), let's say, when they can "re-print" a billion in dollar bills 20 times over that 30 year period, and make an additional 7 cents per buck doing it.

Who do you think pays for worn out currency when it's taken out of circulation? And what do you think they pay?

19Lyds

I do!

For the life of me, I cannot even begin to imagine why the US Government has not considered this!

CoinKing1969

I am all for it!!! I would consider the old denomination of gold liberty's: $1,$2.5,$5,$10,$20. Make them the gold color of sac dollar and use the old Liberty designs.

50cents

Yea

foodude

Yes, along with a $2 coin and the elimination of the paper $1 and $2. ALso dump the 1c- we dumped the 1/2c over 125 years ago

Alamar

Phase out the penny first. Lincoln doesn't deserve to sit right next to Jefferson in the coin heirarchy and, what with inflation, the penny isn't necessary anymore. Just stop making it and prices will adjust accordingly. Then, $5 coins. I don't know about everyone else but the convenience of a fiver in my front pocket would be great. If I put bills in my pockets, I always end up pulling out a huge wad or losing some. Coins don't crumple together and they make noise when you drop 'em. Heck, most of my pants have a coin pocket. That's ten bucks if they are Sac sized.

Though I don't know about phasing out the ones-ies. I mean, I have a lot of $1 bills as it is. Hate to get them as pocket change all day.

BobaFett72

nope. not going to happen. people like their paper and plastic.

SlangNRox

I know it worked well for me when I visited Japan. 1, 5, 50, 100, 500 yen coins. The smallest paper money was 1000 yen which is close to $10. The reason why this work is that the coins actually have some value so you will spend them instead of just collecting them as change in your pocket and dumping them in a jar when you get home. At time i had over $20 in change so I made sure to spend it. I never spend my coins, but if they actually had some value to them then I would.

BECOKA

I also frequent Japan and think the system works great. They have a $5 dollar coin and to get it used they get rid of any paper below $10.

so put me in the I think it is a great idea column.

ModernCrapNut

I like the idea, but I think that first the rag dollar will have to be eliminated. The public will have to get used to the idea of coins instead of lower denomination bills. Once that's accomplished, $2 and $5 coins could be introduced and the $5 bill eliminated. If you look at inflation over the last 60 years, that 1957 $1 bill was close to today's $10 bill in purchasing power.

PerryHall

<< <i>I think it would be a decent idea...but of course ya gotta get rid of the $5 bills concurrently or else you end up like the Sackies and the SBA's. >>



Bingo. It won't work unless they stop printing the $5 bill. Make it bimetalic same size as the quarter---copper ring with a nickel center.

saintguru

<< <i>Phase out the penny first. Lincoln doesn't deserve to sit right next to Jefferson in the coin heirarchy and, what with inflation, the penny isn't necessary anymore. Just stop making it and prices will adjust accordingly. Then, $5 coins. I don't know about everyone else but the convenience of a fiver in my front pocket would be great. If I put bills in my pockets, I always end up pulling out a huge wad or losing some. Coins don't crumple together and they make noise when you drop 'em. Heck, most of my pants have a coin pocket. That's ten bucks if they are Sac sized.

Though I don't know about phasing out the ones-ies. I mean, I have a lot of $1 bills as it is. Hate to get them as pocket change all day. >>



GREAT AVATAR!!!

Jack Johnson!!

ricko

Whether 'we' like the idea or not, the government will do whatever it chooses with currency - when it so chooses. We do NOT get a vote!!
Although the governmental wheels turn slowly, they turn nonetheless. When it becomes a matter of priority, it will happen - whether that be coins or decimal paper, we will endure it and adjust. Cheers, RickO

Barry

I vote nay.
The $1 coin was such a big hit, the $5 will be even bigger.

itsnotjustme

Not until they (Congress) gets their act together.

First we should eliminate the $1 FRN, and get the $1 Coin into mainstream (vs nitch) circulation.

ksteelheader

NHSBaseball

My family and I went to Canada for the 1st time to see the Calgary Stampede, and I really liked the "Loonies" and whatever the $2 bimetallic coin is nicknamed (has a bear on the reverse). I also constantly lose $1 bills as they tend to get stuffed into my pocket rather than back in my wallet. I do agree that we need to make our $1 coins work before considering a $5 coin.

ksteelheader

<< <i>My family and I went to Canada for the 1st time to see the Calgary Stampede, and I really liked the "Loonies" and whatever the $2 bimetallic coin is nicknamed (has a bear on the reverse). I also constantly lose $1 bills as they tend to get stuffed into my pocket rather than back in my wallet. I do agree that we need to make our $1 coins work before considering a $5 coin. >>





<< <i>whatever the $2 bimetallic coin is nicknamed (has a bear on the reverse). >>



Twoonie.