Tea Partiers Want A New Dollar Coin And Refuse To Listen To The Free Market In The Process (?)

Capital Gains And Games ^ | September 28, 2011 | Stan Collender

[Jim Noble]

What does the story have to do with the Tea Party, other than the title?

Gotta focus the five minute hate.

[Jim Noble]

I want my paper money to hold its value

Well then, your SOL. Your paper dollar is worth 4.3¢ compared to 1964.

[Eric in the Ozarks]

your= you’re.

[Kirkwood]

Virtually everyone hates those dollar coins, so it is a natural fit for libs to try to connect this with the Tea Party.

I have a bunch of them I can’t get rid of in this part of the country. Even my bank doesn’t want them, but will take them grudgingly. Only the post office will take them and I go there maybe 2 times a year.

[Dutch Boy]

You could do that now. Just bundle all your dollar bills and trade them in for coins. Think of the penny jar concept, only in reverse.

[SolidRedState]

Any coin above a Quarter is a royal pain in the whatsit.

[N. Theknow]

How do you stuff a dollar coin in a g-string?

[AFreeBird]

This isn’t a big issue for me as a Tea Partier. However, I must say that I HATE dollar coins (well, unless it’s a 1oz. Silver dollar). At present, I have 10 one dollar bills in my money clip. I’d much rather have 10 bills in a money clip as opposed to 10 $1 coins jingling around in my pocket.

[Oatka]

They have their uses. I leave them as tips in lieu of paper dollars at restaurants I patronize. You tend to be remembered (in a positive manner :-) ). Same thing with the cocktail waitresses at the casinos. They seem to come by more often.

[SaraJohnson]

This is a lie. The Tea Party did not rise up for a stupid coin. Every activist who wants anything or hates anything now does it in the name of the Tea Party.

[W. W. SMITH]

My first job at age 16 in 1964, I made 1.25 per hour. adjusted for inflation to now that’s over 25 dollars per hour or 200 per 8 hour day. 1000 dollars per week, 4400 per month.

Tends to prove that minimum wage laws hold compensation well below what it should be.

I made more at age 16 than I ever made again in my life and that truly truly SUCKS!

[Lurkus Maximus]

Silly, you put it in the slot ;-)

[packrat35]

First, no one really wants a dollar coin except the government bean counters, collectors or uninformed.

Second, they are correct that leaving the dollar bill in circulation will kill any chance it will succeed. Who wants a bunch of coins instead of a convenient dollar bill? Every other country that made the switch killed off the bills and left people with NO choice.

Third, while it may save the governmemt some money in printing costs, the coins will have to be designed and made at a higher cost upfront and hope that the fact that coins last longer make it for it in the long run. The problem is the upfront cost will be enormous if the dollar bill is pulled, since billions will have to be minted.

Four, with this economy, is this really the time to add even more costs to the government in minting & distribution of these new coins.

Five, the fact that both the last 2 times this was tried came up with political correct females for the coin and the coin being only slightly larger than a quarter caused confusion, which may have also continued to their failure. The Eisenhower dollars of the 70’s were as big as the old “silver” dollars but with no silver content were also not a success.

[danielmryan]

A clarification. The reason why I mentioend the word "liberal" (I hope you assumed present company was excepted!) was because their supportive comments had an air of "The public doesn't know what's good for them, but we do." That attitude, I equate with liberal.

Of course, someone can support the end of the dollar bill and the coin for other reasons.

[danielmryan]

Thanks, everyone, for your responses. Most of them jibed with my hunches. That's why I added the "(?)" to the title. Perhaps I should have added "(???)" or ("Hunh?").

I'm not here continuously, but I'm sure I would have seen something about COINS here if it were a genuine Tea Pary concern. I didn't; hence my puzzlement.

[gundog]

Hmmm...dirty minds think alike, too.

[FourPeas]

No room for them in cashiers’ drawers. Quantities and shipping charges aside, this is the reason retailers don’t support dollar coins.

[Cyber Liberty]

It was also often referred to as the Sacagawea dollar because of the image of the native American woman on the coin.

That's not what we called them around these parts....(Phoenix)

[Cyber Liberty]

Do you remember a few years ago, there was this beauty pageant, and some bimbo got a question about politics? She mumbled, stumbled, and finally coughed out the words “South Africa,” then smiled as if she managed to get through it?

Like that.

[Aunt Polgara]

This may sound petty but I want a president on my dollar coin.

The current golden dollars DO have presidents on them. The mint puts out 4 a year, and they are up to President Garfield, due out in mid November.

So, we will eventually get the Ronaldus Maximus.

The real problem with these coins is that the should have made them small and thick, like the British pound, to make them lighter and easier to distinguish in your pocket or purse. At least they are colored differently than the Anthony dollars. I don't think I ever spent an Anthony dollar as anything other than a quarter. :-(