Posted on 04/27/2005 12:51:38 PM PDT by JesseHousman
NEW YORK (CNN/Money) -After two bellyflops, Congress is considering a dollar coin again. This time it might actually work. Like lemmings rushing into the fjords, Congress cannot seem to resist a leap into the dollar-coin money pit. Despite two wildly unsuccessful attempts to introduce a dollar coin, legislators are trying again. This time, however, lemmings might fly. On Wednesday, the House of Representatives passed a bill to create a new $1 coin, which would accompany the current Sacagawea piece. The measure enjoyed enormous bipartisan support, passing by a vote of 422 to 6.
(Excerpt) Read more at money.cnn.com ...
The three dollar bill and/or the three dollar plastic coin, should be reserved for the image of Bill Clinton.
Either that or monoply money. His image on a hundred dollar bill would reduce it's value to minus two bits.
I would cash any in that I ever got. I would NEVER have anything clintin anywhere near me. No thanks. Even a coin. Yuk, blah, yipes, eweeeee, yuk, gross and did I say Yuk!!!
Yep. I am sure there were paper mills as well. A mill I think was one tenth of a cent, this was during WW II.
The Congress will never put Clinton's face on any currency, they will never name a prominent federal buidling in Washington DC after him, and the Navy will never name an aircraft carrier after him. His name will be relegated to some federal building in Little Rock.
"Being a traditionalist, I don't know if I would like the multi-color"
always reminded me of monopoly money
Seeing that one of the main uses for $1 coins is for opening the peep show shutter at Porn Palaces, Clinton on the Obverse seems appropriate.
I had heard about that, but as far as I know, it hasn't been implemented yet. From the way the dealers skirt the subject when it is brought up, there must be some way the casino's detect counterfeit chips now. If not, the industry would be flooded with fake $25 chips.
I know that they try to 'balance' cash against chips or tokens, but that is almost impossible, as people walk out with them, or are wandering around in the casino with them not in play.
I just checked my wallet.
1 ten, one 5 and 3 ones. I seldom have more than 3 or 4 ones.
I was a bit young then – but I do remember the tokens.
Those freakin' quarters aren't so neat if you live in a State that borders Canada. Then they're a pain in the ass because you have to do a double take ever time you reach for your change: "Let's see, is this a State Quarter I haven't seen yet or is this some Canadian crap?"
No one wants to have to stop and think about the money in their hand.
The ONLY thing that could have redeemed the State Quarters project is if the Washington State quarter had Washington's portrait on each side.
The Sacajawea coins are fine, but hard to get in Eastern Nevada.
I use them for tips at restaurants I frequent. You tend to be remembered. The Chinese lady now gives me THREE teabags instead of the usual two in my weekly pot at the buffet.
Same thing at the Casinos - you get a free beer while playing the machines but I tip the gal a Sacajawea anyway. Next thing you know she is bringing me more than I want.
If they had done something like they are doing with the quarter, having all of the states on them, the dollar coin would have been a smash hit.
They would need to start withdrawing paper $1s, so there wouldn't be any alternative to coins - it would ease the acceptance mightily.
I think we are one of the last countries on earth to adopt coinage worth more than a few cents. When I was in Israel I became very fond of the 10 shekel piece. Very handy. Worth about $2.50 when I was there and the perfect tip for an average lunch or a cab ride. Two made a good tip for dinner. I always had several in my pocket. So much easier than digging out ones wallet.
Attractive little things to. I mounted a couple of them here on my desk where I can admire them.
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