Anyone else "Had it" with new dollar coins?

Drizzt · September 24, 2007 1:34AM

I just can't bring myself to buy any of the new pres bucks...especially graded ones. New coins, new holders, type A, type B, smooth edge....what's that make...20 pres varieties a year? plus the 2 sac dollars. I've just had enough. I'll probably get the 2 2007 sacs and finish up until that date. Maybe I just got old, or my tastes are way too simple. I might have thought about getting them if I could have found any MS65 ones in the regular holders.

--depressed dollar rant over--

fc · September 24, 2007 1:35AM

All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint.

they are producing junk.. but some people like it for now, until they reach burnout
which takes a few years of this nonsense.

i totally agree with you. i have had it.

Smittys · September 24, 2007 1:38AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint. >>

kiyote · September 24, 2007 1:39AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint.

they are producing junk.. but some people like it for now, until they reach burnout
which takes a few years of this nonsense.

i totally agree with you. i have had it. >>

I'm SICK of the excuses the Goverment has for the dollar coin not circulating.

I was just in Greece-- the 2 Euro coin was all over! That's like a $3.00 coin here.

As long as there's a dollar bill, we'll never have a circulating dollar coin.

AUandAG · September 24, 2007 1:39AM

Yes, started the series myself and have become quickly disenchanted. Don't know if I'll finish out the year.
bummer
bob

CoinHunter2003 · September 24, 2007 1:43AM

I picked up a couple boxes of GW but that's it. Not paying too much
attention to them.

Zoins · September 24, 2007 1:44AM

<< I'm SICK of the excuses the Goverment has for the dollar coin not circulating.

I was just in Greece-- the 2 Euro coin was all over! That's like a $3.00 coin here.

As long as there's a dollar bill, we'll never have a circulating dollar coin. >>

As long as there's no more Coin Coalition or similar organization, there's probably no chance. Someone probably needs to step up to bat. I'm kind of surprised no one has picked up the torch.

SlangNRox · September 24, 2007 1:45AM

<< 

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint.

they are producing junk.. but some people like it for now, until they reach burnout
which takes a few years of this nonsense.

i totally agree with you. i have had it. >>

I'm SICK of the excuses the Goverment has for the dollar coin not circulating.

I was just in Greece-- the 2 Euro coin was all over! That's like a $3.00 coin here.

As long as there's a dollar bill, we'll never have a circulating dollar coin. >>

I just came back from Japan and they have a 100, and 500yen coin. The smallest denomination paper money they use is 100yen which is close to $10us. This is a cash society where most transactions are done in cash. Put in a 10,000 yen note into the train ticket booth and you actually get 1000 yen notes back as change. I was so scared of getting $90 back in coins.

I actually spend the dollar coins for lunch etc. Its much easier to ask at the bank for a bunch of dollar coins instead of dollar bills. I got a funny look when I asked for $200 in singles at the bank.

Zoins · September 24, 2007 1:46AM

<< I actually spend the dollar coins for lunch etc. Its much easier to ask at the bank for a bunch of dollar coins instead of dollar bills. I got a funny look when I asked for $200 in singles at the bank. >>

That's what we need

I've asked a number of merchants and most reported a reasonable number of dollar coins being spent. Of course the stores take them out of circulation because they don't want to risk offending people by handing them out in change, just like banks, were you have to ask.

Zoins · September 24, 2007 1:50AM

<< Maybe I just got old, or my tastes are way too simple. >>

Or maybe the Mint has found a new kind of collector to cater to?

ms70 · September 24, 2007 1:50AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint. >>

Connecticoin · September 24, 2007 1:52AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint.

they are producing junk.. but some people like it for now, until they reach burnout
which takes a few years of this nonsense.

i totally agree with you. i have had it. >>

Same here -- After ordering from the Mint for over 30 years, no more -- the prexy bucks and the spouse gold crap was the last straw. And I am unloading over 90% of the stuff I bought from the Mint over those years, except for one each of the Proof ASEs.

kimon1230 · September 24, 2007 1:52AM

<< Of course the stores take them out of circulation because they don't want to risk offending people by handing them out in change >>

Why is it considered offensive?

Zoins · September 24, 2007 1:54AM

<< 

<< Of course the stores take them out of circulation because they don't want to risk offending people by handing them out in change >>

Why is it considered offensive? >>

Most people will reject them and ask for bills. If 90% of your customers do, it's easier to just have a blanket policy of never handing them out unless asked.

sumnom · September 24, 2007 1:54AM

Yes, I have had it. I stopped collecting the state quarters some time ago and I have not even bothered to collect the pres dollars. I am still trying to keep up to date with cents, nickels, dimes, halves, and sacs. Unless the new designs are stunning, I will probably stop collecting sacs when they start rotating the reverse.

Zoins · September 24, 2007 1:55AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint.

they are producing junk.. but some people like it for now, until they reach burnout
which takes a few years of this nonsense. >>

That might be a good time to buy.

19Lyds · September 24, 2007 1:57AM

I agree DrizzT! The only reason I have to continue is to just see where it goes but other than that I am beginning to dislike the amount of money I have invested so far! Not to mention the headaches with getting them postmarked for the FDOI Labels! Thats a lot of money for little ifany return at all!

<< SICK of the excuses the Goverment has for the dollar coin not circulating. >>

Write your congressmen and state senator's. Let em know what your thoughts are and how rediculous it is to continue producing these coins that don' circulate! Let em know that billions of these will sit in Government vaults until they get rid of the paper buck! Ask them if they or anybody on their staff has ever received one in change let alone saw one other than what the mint distributes!

I did and I'm not afraid to admit it!

Zoins · September 24, 2007 1:58AM

Are the new Sac designs being driven by the mint or by Congress? If they are being driven by Congress who is being pushed by lobbyists, they may be successful because collectors don't have an organized approach to Congress, say through the ANA or other collector organization.

ANA members that think this has gone on too long may consider asking the ANA to get more involved with modern numismatic issues, which center around DC.

sumnom · September 24, 2007 1:59AM

I don't think the Mint has any say. It's Congress.

SeaEagleCoins · September 24, 2007 2:05AM

.... OH , excuse me... what new dollar coins are you talking about? ....

Coinsponge · September 24, 2007 2:13AM

I am beginning to think that Congress is attempting to balance the budget on the backs of poor coin collectors.

RTS · September 24, 2007 2:15AM

I bought my coffee this morning with a presidential dollar and it performed wonderfully.

SilverBaron · September 24, 2007 2:23AM

I traded in all of my modern for a VF-35 1652 Pine Tree Shilling.... One extreme to another!

Doogy · September 24, 2007 2:25AM

after a long line of dollar coin failures, why not try again?

Ike, SBA, Sac and now the pres dollar. all failures in the eyes of the American public, as they just won't circulate. I imagine the pres dollars will suffer the same fate as many of the Sac dollars, being shipped to Ecuador and other South American countries as foreign aid.

COINB0Y · September 24, 2007 2:26AM

Just get a First Day Coin cover for each President, send it in to NGC for the Full Encapsulation & Grade and your done with each Issue!

These come from the first day of actual production and they are CERTIFIED by the US Mint as such.

You get a Cancelled Stamp where 1 in 11 has a PCN Number such as V111 for GW which is a collector's item

You might get an error Coin as shown below. You do not need much more, IMHO.

Type2 · September 24, 2007 2:29AM

Burnt out on the new Dollar, WoW I need to call the mint and have them change the coin like put the edge lettering on the obverse / reverse that my help.

cmerlo1 · September 24, 2007 2:31AM

<< All one has to do is look at the post office and how they abused stamp collectors
to understand the fate of the franklin, er US mint. >>

I don't think I've ever heard anyone say anything nice about the designs on the dollar coins. To me, since the peace design was replaced, each one has been more ugly than the next, and the quality of the designs has degenerated into cartoon drawings with very little relief and detail. I'm happy for the collectors who like them and choose to collect them, bit they're definitely not for me...

--Christian

Longacre · September 24, 2007 2:46AM

I've begged several local banks to let me exchange some of my paper dollars for the new coins. None of the banks stock them.

Coinsponge · September 24, 2007 2:49AM

<< I've begged several local banks to let me exchange some of my paper dollars for the new coins. None of the banks stock them. >>

Maybe it's a good time to invest in warehouses in the vicinity of the US mint branches.

COINB0Y · September 24, 2007 2:49AM

jimmymac · September 24, 2007 2:52AM

not really tired of them yet, but getting there - tried to use them this past weekend at convenience stores and was told both times that they take them and return them back to the local bank - WHAT?? I said - these coins were made to circulate - and both clerks laughed at me - no one wants them as change - I agree, until the dollar bill (paper) goes out of style, these coins will have the same fate as sac's & susie's - what a shame!!!!

SirAnthonyAC · September 24, 2007 2:59AM

The new dollars, and errors and smooth edges and such might be a bit much but... in all honesty, anything that gets young people into collecting coins is a good thing.

Drizzt · September 24, 2007 3:03AM

I would think it's safe to say we haven't NEEDED a dollar coin since production was resumed in 1921....

But, a nice one dollar coin every year isn't a bad thing either, in my opinion. It's just that they've made it into a "circulating commemorative" coin.

Coinsponge · September 24, 2007 3:05AM

- I agree, until the dollar bill (paper) goes out of style, these coins will have the same fate as sac's & susie's - what a shame!!!!

>>

What dollar coins have ever really circulated well? We would have to go back to wearing suspenders again if that happened.

pf70collector · September 24, 2007 3:06AM

I will collect the FDI Coin Covers from the U.S. Mint, the proof and uncirculated satins also. I have given up on the individual or roll business strikes.

coppercoins · September 24, 2007 3:11AM

Had it with the new presidential dollars? Nope...

They spend just fine, and work in the vending machines at the college to buy my Dr. Pepper. They work well for tips at restaurants, and if the government ever pulls their heads out of their a$$es we might just be able to get rid of the rag dollar and use these things regularly. Kids seem to think they're cool, and the coins might just help the kids know who their presidents were. Over 90% of all adults can't even name half of the 43 presidents, and fewer than 1 in 100,000 can put all of them in order.

Oh...you mean collecting them??? Heh...never even thought they'd be worth collecting, I just like to spend them.

The first lady gold coins?? Heh...there's a farce for you. A waste of resources, time, energy, money, you name it.

doh · September 24, 2007 3:14AM

I'm glad people are getting sick of the junk the US Mint is producing. It's just my humble opinion, but the best coins the Mint ever produced were the coins made for circulation that now, years later, are collectors' items. Coins specifically made for collectors seem like a joke to me. A beautiful, XF/AU Capped Bust Half Dollar, to me, is more beautiful than anything the mint could make now-days.

Gemineye · September 24, 2007 3:14AM

I believe I figured out the stragedy of the dollar bill dillema....The Idea is to blame the next administration to be elected that enacts the law which eliminates the paper dollar.Of course congress will bicker back and forth but they know damn well from the begining that they will sign it it law.It will just be a show from the start but the awareness will be the tremendous publicity.

Keyrock · September 24, 2007 3:24AM

We have dollar coins?

I have only seen on GW and that was because the bank only had one. When I was younger, I started collecting stamps, then the post office got out of control. Too many stamps, killed the joy since I didn't have the funding. Now we have the dollar coins with numerous errors and varieties. The state quarters were ok since my kids spend quarters, but I have no time for the presidential dollar design/series.

ModernCrapNut · September 24, 2007 3:25AM

I"m collecting the covers and proofs. I think the business strike presidential dollars are ugly so other than the covers, i'm not keeping any of them. Hopefully the new Sacs starting in 2009 will be more attractive, but I'm not holding my breath.

Drizzt · September 24, 2007 3:36AM

ok...so I haven't seen any new designs put forward for new one dollar bills, and all the rest have been done. If they replace the dollar bill with coin, which one will they use? SBA's/sacs/prez(with 4 different portraits a year)? Come up with a couple more designs first, then release them all and "see which one sticks"?

Coinsponge · September 24, 2007 3:38AM

Could the dollar coins be counterfeited if it was used widely? It is made of cheap metal and has a simple design that could easily be reproduced. I could see the presses in china working overtime.

droopyd · September 24, 2007 3:43AM

I have yet to see a single prexybuck, though I suppose I could go down to the bank if I were interested enough. I certainly would not pay more than $1 for one.

slabfab · September 24, 2007 3:44AM

Let's face it, the mint operates at a profit so long as it creates "interesting" coins for the public to buy. However, I think the prez dollar will be an abysmal failure. I know a lot of YNs who became interested in collected state quarters because of all the "cool" change they found. If the prez dollar doesn't circulate, most people will never even know about it. When I show most people my collection few are even aware there was the SBA or Sacc dollar simply because they'd never seen one. Still, since many folk are in the habit of visiting usmint.gov, there may be enough awareness and subsequent sales to support the program. I am collecting, but only as a type coin, though I view this one as more of a comemorative than a circulated issue.

mrcommem · September 24, 2007 4:24AM

I run a business in Missouri and use all of the dollar coins instead of one dollar bills. Some of the customers have no idea the mini dollar even exits. They have never seen an Anthony, Sac, or Presidential dollar. Each person I have given them to have readily accepted them. I was just wondering how the American public can be opposed to a coin that they don't know about and have never seen? I think the coin would circulate if the banks would start using them in preferance to paper.

MacCrimmon · September 24, 2007 4:39AM

<< I run a business in Missouri and use all of the dollar coins instead of one dollar bills. Some of the customers have no idea the mini dollar even exits. They have never seen an Anthony, Sac, or Presidential dollar. Each person I have given them to have readily accepted them. I was just wondering how the American public can be opposed to a coin that they don't know about and have never seen? I think the coin would circulate if the banks would start using them in preferance to paper. >>

The American people aren't really opposed to a dollar coin......but Ted Kennedy and Crane Paper Co. sure as heck are opposed to the idea.

TwoSides2aCoin · September 24, 2007 4:43AM

We got brass orbs ?

AlixTCat · September 24, 2007 4:59AM

I really liked the first dollar coin. It allowed me to buy a new camera.

But I am really burned out on the US Mint in general. Other than my subscriptions, I have not bought much from them.
I screwed myself buying two of the first spouse Washington coins. I hope to not lose more than 50% by waiting until Christmas to sell them. A good flipper, I am not.

Jonathan

dlairson · September 24, 2007 5:04AM

I don't really see anything wrong with the coins. I feel the problem lies with the paper money. I'm not going overboard collecting them, one proof set, the set that comes with the proof set (gesh), the mint set, and one each mint, type A and B for each coin. I in no way expect to make a profit off this, I just thought they would be neat to have. I do buy rolls of them each week when I get paid and spend them like regular money (they are regular money!) and look at the reactions I get from people. I used to leave an Ike with each tip at a restaurant, now it's a prez.

Coinsponge · September 24, 2007 5:10AM

<< I really liked the first dollar coin. It allowed me to buy a new camera.

But I am really burned out on the US Mint in general. Other than my subscriptions, I have not bought much from them.
I screwed myself buying two of the first spouse Washington coins. I hope to not lose more than 50% by waiting until Christmas to sell them. A good flipper, I am not.

Jonathan >>

How are you "screwed" with the spouses? They are selling at nearly 50% above the issue price. Did you buy them somewhere else?

pf70collector · September 24, 2007 5:18AM

Just gave 4 JT's to the waitress as a tip for lunch. One of the waitresses collects them for her son.

Anyone else "Had it" with new dollar coins?

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Anyone else &quot;Had it&quot; with new dollar coins?

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Anyone else "Had it" with new dollar coins?