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#31
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"shreadvector" wrote in message
oups.com... False. The Golden Dollar coin (as well as the SBA) circulates more than any other dollar coin EVER in US history. Silver dollars and the later Eisenhower dollars never circulated like the SBA and the GD. Nowhere close. The Ike was mainly used in slot machines. You could *not* buy a candy bar from a vending machine or make a phone call using an Ike. You personally may not see them, but they are out there and circulating. As for those calling the GD a "failure", well what is your success criteria? Was a goal published by the Treasury? Was a goal part of the law that established these coins? No. They were designed to circulate along with dollar bills and it was expected they would circulate more heavily in their own 'realm' - car washes, vending machines, parking, mass transit, etc. Some of us had personal goals and desires that the GD replace the dollar bill completely, but the government *never* stated that and it was never a government goal. if it was, they would simply stop issuing dollar bills and *poof* the dollar coin would replace the dollar bill. just like the Canadian dollar coin, the Australian dollar coin, the Euro coin, etc. Why wait until 2015? Let's do it now. -Fred Shecter http://search.ebay.com/_W0QQfgtpZ1QQ...shreadv ector I have relatives who are cashiers and vending machine attendants and they NEVER see dollar coins. They are in different parts of the USA too. Where are they circulating? |
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#32
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They will circulate in areas where you have one or more of the
following: * Transit system that has a fare machine that gives dollar coins in change for large bills. * USPS vending machines that give dollar coins as change for large bills. * People who go to their bank and insist that they order dollar coins for them. Then they get the dollar coins and they spend them. * University and business parking lots/garages that use dollar coins as change for large bills from machines. (Then the universities or businesses might get a bunch cycled through their food and drink vending machines). * Areas with self service car washes or laundromats where they have a change machine to break $20 into dollar coins for use in the machines. For instance, in Los Angeles we have all of the above, and there are some dollar coins circulating. Some= some number of millions. Very tiny compared to the rag dollars being used, but they still circulate. |
#33
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They will circulate in areas where you have one or more of the
following: * Transit system that has a fare machine that gives dollar coins in change for large bills. * USPS vending machines that give dollar coins as change for large bills. * People who go to their bank and insist that they order dollar coins for them. Then they get the dollar coins and they spend them. * University and business parking lots/garages that use dollar coins as change for large bills from machines. (Then the universities or businesses might get a bunch cycled through their food and drink vending machines). * Areas with self service car washes or laundromats where they have a change machine to break $20 into dollar coins for use in the machines. For instance, in Los Angeles we have all of the above, and there are some dollar coins circulating. Some= some number of millions. Very tiny compared to the rag dollars being used, but they still circulate. |
#34
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By the way, do the vending machines have stickers on them indicating
that customers can use the Golden Dollar? Are the coin slots adjusted open larger than a quarter to allow dollar coins to be inserted? Many older machines were set to block anything larger than a quarter from entering and they often had the micro rocker switch set to "$ NO ACCEPT" instead of "$ ACCEPT". Why don't the vending machines have 4 coin tubes to accommodate 5c, 10c, 25c and $1 coins and have a bill validator set to accept $2, $5, $10, and $20 bills and give change in dollar coins? That would help and probably increase sales quite a bit. How many folks walk away from a vending machine without making a purchase because all they had was a $20 they got from the ATM???? |
#35
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In a recent message "James Silverton" wrote:
tanner520 wrote on 1 Jun 2005 06:10:52 -0700: t Just look at the historical track record of dollar coins and t their popularity with the public, all t Morgan/Peace/Eisenhower sized dollar coins were used and t popular and all SBA/Sack sized dollar coins were ignored. t Size does matter. The mass public likes big dollar coins. That's a massive generalization and also untrue :-) I remember the damned big silver dollars they used in the West in the 60s and 70s and you can keep them! In fact, a lot of people don't use coins any more than they must these days. For myself, I only start my day with quarters in my pocket since I need them for parking meters. James Silverton. If parking meters were modified to take only dollar coins the dollar coins would soon be very popular (even if the Parking authority was not!) -- Tony Clayton Coins of the UK : http://www.coinsoftheuk.info Sent using RISCOS on an Acorn Strong Arm RiscPC .... On the other hand..you have five different fingers |
#36
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In a recent message "tanner520" wrote:
Think whatever you want about circulation vs popularity for the dollar coins like the SBA and Sack. Circulation was not my point and irrelevant to this thread. Popularity and "winning over the public so we can get rid of the dollar bill" was my point. In order to win the hearts of John Q. there will need to be something better in his mind than his beloved and coveted paper dollar bill. Generalization? Of course we're talking in generalizations. That still doesn't change what I said. The perseption of the public overall is that we don't have a dollar coin currently. Need proof? Take an Ike and a Sack silver dollar in each hand and come up to a regular Joe/Jane and ask them which, if any, is real. 80% of the people will only say the Ike only. Hell, most people still ask me "Is that a real coin?" when I spend Sacks. We all know the looks you get. Then they are clearly in need of education! -- Tony Clayton Coins of the UK : http://www.coinsoftheuk.info Sent using RISCOS on an Acorn Strong Arm RiscPC .... Eventually land east of San Andreas fault will fall into the Atlantic. |
#37
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Tony wrote on Wed, 01 Jun 2005 23:10:40 +0100:
?? tanner520 wrote on 1 Jun 2005 06:10:52 -0700: ?? t Just look at the historical track record of dollar coins t and their popularity with the public, t all Morgan/Peace/Eisenhower sized dollar coins were used t and popular and all SBA/Sack sized dollar coins were t ignored. Size does matter. The mass public likes big t dollar coins. ?? ?? That's a massive generalization and also untrue :-) I ?? remember the damned big silver dollars they used in the ?? West in the 60s and 70s and you can keep them! In fact, a ?? lot of people don't use coins any more than they must ?? these days. For myself, I only start my day with quarters ?? in my pocket since I need them for parking meters. ?? ?? James Silverton. TC If parking meters were modified to take only dollar coins TC the dollar coins would soon be very popular (even if the TC Parking authority was not!) Not a bad idea at all since I usually find myself buying about an hour's parking time (75 cents around here). However, the opportunity to feed up the remaining time to an hour would be lost. I'm sure the city would love the extra take! James Silverton. |
#38
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On Wed, 01 Jun 2005 19:37:03 GMT, "note.boy"
said: Small but thick is the way to go. Similar to the US president in fact. Maybe composed of lead, then it would be dense like him. And, give it an outrageously oversized portrait too, to match his fat head. |
#39
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"shreadvector" wrote in message ups.com... By the way, do the vending machines have stickers on them indicating that customers can use the Golden Dollar? Are the coin slots adjusted open larger than a quarter to allow dollar coins to be inserted? Many older machines were set to block anything larger than a quarter from entering and they often had the micro rocker switch set to "$ NO ACCEPT" instead of "$ ACCEPT". Why don't the vending machines have 4 coin tubes to accommodate 5c, 10c, 25c and $1 coins and have a bill validator set to accept $2, $5, $10, and $20 bills and give change in dollar coins? That would help and probably increase sales quite a bit. How many folks walk away from a vending machine without making a purchase because all they had was a $20 they got from the ATM???? How many folks walk up to a vending machine and can dig a dollar coin out of their pocket? I'd bet you could stop ten people on the street and none would have a dollar coin on them, whereas at least two thirds would have at least one dollar bill crisp enough to be fed accepted in a vending machine. (No fair doing it multiple times. I'm not that daring.) I still can't see these dollar coins as anything more than Mint-produced tokens, if the only public place they seem to be found is in some coin-op machines. Bruce |
#40
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Bob wrote:
I have relatives who are cashiers and vending machine attendants and they NEVER see dollar coins. They are in different parts of the USA too. Where are they circulating? One of the many institutional barriers to circulating the golden dollar is that most businesses deliberately choose to never offer dollar coins in change. This is their legal choice, but it is contrary to the coin's promotion as well as their own cost of business. Another barrier is vending machine attendants who fail to make simple switch settings and slot changes (as Fred described) to allow customers to use dollar coins. Both of these changes can be done in friendly ways that still leave customers the choice of NOT using or accepting dollar coins. So, are any of your relatives in these industries doing anything to help remove these barriers? --Dave |
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