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Bank teller tells me that dollar bill WILL be replaced by Golden Dollar coin!



 
 
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  #21  
Old May 31st 05, 08:08 AM
Vector
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On Sun, 29 May 2005 10:49:42 -0500, "A.E. Gelat"
said:

Why would it need to be smaller than a quarter? What is wrong with
the current size?


Weight and bulk


I don't know about you, but I rarely have more than 2 or 3 $1 bills in
my pocket. I often have a half dozen or more quarters ... and I don't
wear a belt g
This is nonsense about 'weight and bulk' being a problem with the
current size.
Ads
  #22  
Old May 31st 05, 12:14 PM
Bob Peterson
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I don't keep dollar bills in my pocket. they are in my wallet. All my
change goes in a change jar, so I rarely have any change at all in my
pocket.

"Vector" wrote in message
...
On Sun, 29 May 2005 10:49:42 -0500, "A.E. Gelat"
said:

Why would it need to be smaller than a quarter? What is wrong with
the current size?


Weight and bulk


I don't know about you, but I rarely have more than 2 or 3 $1 bills in
my pocket. I often have a half dozen or more quarters ... and I don't
wear a belt g
This is nonsense about 'weight and bulk' being a problem with the
current size.



  #23  
Old June 1st 05, 02:10 PM
tanner520
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We all know that we, as collectors and dealers, sometimes have a very
different perception about a coin or currency that the general public
as a whole. I believe we have such a difference when it comes to the
dollar coin. To the public, it's just not a dollar coin unless it's
big enough to command such a reputation. Making a dollar coin that is
smaller or even just a little bigger than a smaller denomination
"shrinks" a coin's respect (if you will) in the public's eye.

Just look at the historical track record of dollar coins and their
popularity with the public, all Morgan/Peace/Eisenhower sized dollar
coins were used and popular and all SBA/Sack sized dollar coins were
ignored. Size does matter. The mass public likes big dollar coins.

And forget trying to debate that we Americans should do what other
countries have done with their dollar-like coins. We all know that
won't wash.

  #24  
Old June 1st 05, 02:30 PM
shreadvector
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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

  #25  
Old June 1st 05, 03:03 PM
James Silverton
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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.

  #26  
Old June 1st 05, 03:16 PM
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Actually, the intent is to PHASE-CASH-OUT (just look at
the garbage the Fed is issuing for circumcision today),
bank "insiders" know only what they're TOLD by their
superiors (which explains the unsolicited bull**** this
one was dishing out to you), and to believe that life a we
know it today will exist in 2015, is astonishingly naive.

  #27  
Old June 1st 05, 03:42 PM
tanner520
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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.

  #28  
Old June 1st 05, 05:46 PM
Bruce Remick
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"tanner520" wrote in message
ups.com...
We all know that we, as collectors and dealers, sometimes have a very
different perception about a coin or currency that the general public
as a whole. I believe we have such a difference when it comes to the
dollar coin. To the public, it's just not a dollar coin unless it's
big enough to command such a reputation. Making a dollar coin that is
smaller or even just a little bigger than a smaller denomination
"shrinks" a coin's respect (if you will) in the public's eye.


I think it's more public "inertia" than coin size. If size were the main
criteria, half dollars would have stayed around in circulation longer.


Just look at the historical track record of dollar coins and their
popularity with the public, all Morgan/Peace/Eisenhower sized dollar
coins were used and popular and all SBA/Sack sized dollar coins were
ignored. Size does matter. The mass public likes big dollar coins.


My own experience in the 1940's through the 1964, I don't recall Morgan/Peace
dollars circulating at all with other change, except maybe in certain parts of
the country. Banks had them available at face value and they were popular as
gifts. I never received one in change. Ike dollars never circulated (in the
northeast) either once the initial novelty wore off. I would guess that SBA's
and Sac's are more popular than Ike's ever were, but even those don't circulate
the way the government apparently hoped they would. I have never received
either one of those in change either. If banks and businesses could somehow be
encouraged to use and distribute them more, poeple would get them in change and
become accustomed to seeing and using them. As it is now, they seem to serve
more as tokens in coin-operated machines than anything else.


And forget trying to debate that we Americans should do what other
countries have done with their dollar-like coins. We all know that
won't wash.


No debate here. As a whole, "we Americans" pretty much don't care about what we
should or shouldn't do about the coins we receive in change or spend.

Bruce


  #29  
Old June 1st 05, 05:47 PM
Bruce Remick
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wrote in message
oups.com...

Actually, the intent is to PHASE-CASH-OUT (just look at
the garbage the Fed is issuing for circumcision today),
bank "insiders" know only what they're TOLD by their
superiors (which explains the unsolicited bull**** this
one was dishing out to you), and to believe that life a we
know it today will exist in 2015, is astonishingly naive.


They said that about the windshield wiper 80 years ago.

Bruce


  #30  
Old June 1st 05, 08:37 PM
note.boy
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tanner520 wrote:

We all know that we, as collectors and dealers, sometimes have a very
different perception about a coin or currency that the general public
as a whole. I believe we have such a difference when it comes to the
dollar coin. To the public, it's just not a dollar coin unless it's
big enough to command such a reputation. Making a dollar coin that is
smaller or even just a little bigger than a smaller denomination
"shrinks" a coin's respect (if you will) in the public's eye.

Just look at the historical track record of dollar coins and their
popularity with the public, all Morgan/Peace/Eisenhower sized dollar
coins were used and popular and all SBA/Sack sized dollar coins were
ignored. Size does matter. The mass public likes big dollar coins.

And forget trying to debate that we Americans should do what other
countries have done with their dollar-like coins. We all know that
won't wash.


Any government that does not consider the experiences of other countries
is likely to waste a very large amount of money.

Small but thick is the way to go. Similar to the US president in fact.
:-) Billy
 




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