Here we go again..another dollar coin in the US

mac-er

macrumors 65816
Original poster
Apr 9, 2003
1,455
0
CNN/Money is reporting that the Congress is drafting legislation to introduce a new dollar coin.

Similar the 50 states quarters, each dollar coin would be introduced with an image of each president--in the order they served.

Congress is not introducing the coin with hopes people spend it, but in hopes they hoard it. The Government makes money when people collect, but don't spend the money.
 

Stampyhead

macrumors 68020
Sep 3, 2004
2,294
30
London, UK
I don't think they're so bad. Up in Canada that's what they use. There are no paper one dollar bills anymore. They can get kind'a heavy if you have several of them in your pocket, but they don't wear out as quickly so the government doesn't have to make new ones as often.
 

Hemingray

macrumors 68030
Jan 9, 2002
2,913
25
Ha ha haaa!
If they absolutely insist on making dollar coins, I think they should just bring back the old Eisenhower dollars and be done with it. $1 slots in Vegas are just more fun that way. :p
 

wdlove

macrumors P6
Oct 20, 2002
16,570
0
One would think that Congress would learn from minting of dollar coin. Just to heavy and cumbersome. Overall use of cash is down anyway. I prefer to just use the paper dollar bills.
 

martman

macrumors member
Mar 15, 2004
51
0
Toronto
I'd hate to have a Nixon, Bush Sr, Regan, or Bush Jr coin.
NONE of those presidents deserve anything other than a raspberry IMNSHO!
:mad:
 

stoid

macrumors 601
Well, if they'd get rid of the penny, this might have a chance. I think that four coin values is enough, and any more and it starts to get to be too much. Adding coins is a pain for retail because their drawers are set up for the currencies that are most common, and you can't add one without dropping something else, otherwise you are out of slots in your drawer and have to start doubling up.
 

homerjward

macrumors 68030
May 11, 2004
2,745
0
fig tree
im in favor of it. i hate going to a vending machine with a dollar bill and the ****ing thing has an imperceptible wrinkle so it doesnt work lol. sry, i just use vending machines a whole lot...although i think it would be a mistake to phase out the one dollar bill.
 

iGary

Guest
May 26, 2004
19,583
0
Randy's House
It's much easier to carry around 10 one dollar bills than 10 one dollar coins.

I remember living over in England and always feeling like I have five kilos of change in my pocket.

I prefer the bill, but if they are gonna do it, they just need to nix the bill and be done with it.
 

MacAztec

macrumors 68040
Oct 28, 2001
3,023
1
San Luis Obispo, CA
martman said:
I'd hate to have a Nixon, Bush Sr, Regan, or Bush Jr coin.
NONE of those presidents deserve anything other than a raspberry IMNSHO!
:mad:
I'd hate to see whatever democratic president out there there is appear on the coin!
 

Koodauw

macrumors 68040
Nov 17, 2003
3,936
165
Madison
This is stupid. No on wants to carry around coins when they can carry a $1 bill instead. Although if they do phase out the one dollar bill, it would be fun to go into Best Buy and pay with all coins. I wonder if they would refuse that too?
 

Hemingray

macrumors 68030
Jan 9, 2002
2,913
25
Ha ha haaa!
And I'll be damned if I carry around a member of the Whig party in my pocket! :rolleyes:

stoid said:
Well, if they'd get rid of the penny, this might have a chance. I think that four coin values is enough, and any more and it starts to get to be too much.
Don't forget that 5th coin value, the JFK 50 cent piece! Yes, they are still minting those.
 

PlaceofDis

macrumors Core
Jan 6, 2004
19,232
4
Koodauw said:
This is stupid. No on wants to carry around coins when they can carry a $1 bill instead. Although if they do phase out the one dollar bill, it would be fun to go into Best Buy and pay with all coins. I wonder if they would refuse that too?
hahaha

this is just a stupid gimmick, bad idea and a waste of resources :(
 

clayj

macrumors 604
Jan 14, 2005
7,473
180
visiting from downstream
Would they mint two separate Grover Cleveland coins? :)

Seriously, this is just dumb. If they DO do it, they need to make sure not to repeat the mistake of the Susan B. Anthony and Sacajawea dollar coins: DON'T MAKE THEM THE SAME SIZE (OR EVEN SIMILAR SIZE) AS QUARTERS. They need to be more like the English 50p piece, which is large and distinctively unround (7-sided, IIRC).
 

SilentPanda

Moderator emeritus
Oct 8, 2002
9,808
28
The Bamboo Forest
I use dollar coins almost daily! Then again that's what the machine at work dispenses... :)

I have noticed though that most foreign (non-U.S.) countries I go to have a numeric value printed on their coins. In the U.S. we do not... certainly makes my trips abroad a bit easier but I'd hate to be a foreigner coming here.

Granted... most of the time when I'm not in the U.S. I just empty my coins on the counter and let the cashier do it for me... much quicker...
 

wdlove

macrumors P6
Oct 20, 2002
16,570
0
martman said:
I'd hate to have a Nixon, Bush Sr, Reagan, or Bush Jr coin.
NONE of those presidents deserve anything other than a raspberry IMNSHO!
:mad:
That is another reason why this is such a stupid idea. Those names are fine, but I could add to the list. This should not be political, your comment wasn't appropriate.
 

Aeolius

macrumors 6502a
Jul 25, 2002
903
26
I hope they keep a gold-colored dollar coin. Around here, that's the tooth fairy's prefered method of exchange. :)
 

PlaceofDis

macrumors Core
Jan 6, 2004
19,232
4
Aeolius said:
I hope they keep a gold-colored dollar coin. Around here, that's the tooth fairy's prefered method of exchange. :)
hopefully for your kids and not yourself! but that would be a good thing to give your kids imo
 

Nermal

Moderator
Staff member
Dec 7, 2002
18,678
1,183
New Zealand
Here in NZ we have 5c, 10c, 20c, 50c, $1 and $2 coins. I don't find anything wrong with using $1 coins, but maybe that's just because I'm used to them. The $1 and $2 are gold, so are easily distinguishable from the smaller coins.



From here.
 

yg17

macrumors G5
Aug 1, 2004
14,888
2,480
St. Louis, MO
Stupid idea IMO.

And I agree with whoever said get rid of the penny. I'd rather have the price of something rounded to the nearest nickel (and lose a whopping few cents) than lug around all those damn, worthless pennies
 

zimv20

macrumors 601
Jul 18, 2002
4,388
7
toronto
i like coins. let's make $1, $2 and $5 coins and actually use 'em. make some polygons. others can have holes. and at least one should be two-tone.

american money is so boring. let's do something cool with it. adorning them with presidents is old. how about musicians? scientists? writers?

end the boredom!
 

Thanatoast

macrumors 65816
Dec 3, 2002
1,005
134
Denver
I vote for the dollar coins. I like the idea mentioned above of bringing back the Eisenhower dollar. Dollar bills are almost as annoying as pennies.

The mint should just stop making and accepting dollar bills as legal tender. That's the only way they're going to get people using coins.
 

revenuee

macrumors 68020
Sep 13, 2003
2,251
1
I don't like that idea

i hated the 1$ coin here in Canada, the day they introduced the 2$ coin was the day i decided i'm moving to the US when i graduate <-- I HATE COINS