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 ...
A Klintoon 3 dollar coin that is coated with a perpetual slimey substance might be kind of fun.
Sacajawea was pregnant when she left her tribe in South Dakota locale and went West to meet her people that she was taken from years earlier. Her mate was beating her and brutalizing her, and she wanted to leave. Lewis and Clarke welcomed her ability to find food, fish, and talk to the natives. Must have been the baby of one of her abusive captors. She was found by her brother as the expedition crossed the Bitteroots, and pretty much helped to save the starving expedition by helping them winter in the mountains.
No, I'd bet they get contributions from ad firms. The amount of $87M seems to stick in my mind on what they spent on
advertising the Sakajawa coin.
Then I can get a 7 figure payout when I try to pass them at Best Buy and they call the cops on me. ;o)
Wow! That really torques me. Of course the ink on bills can smear - if you rub fresh bills on white paper often they'll leave a smudge of green behind.
Sounds like a shoddily run business. The screwed him twice. Incorrectly charges the man and then doesn't train it's employees in US currency and it's characteristics. The pen they use isn't to see if it smears, it's to see if it changes color (i.e. isn't printed on the real cotton paper.) If they had an hint of decency, they would have issued an apology to the man.
The last two attempts were failures because “The People” didn’t want them. The People, or the banks and retailers? There are few banks and credit unions even carrying them anymore, but I often overhear customers asking for them. Of course, the customers are just ordinary people, not major retailers with large accounts.
I prefer the dollar coins. A buck won’t buy much these days, and pulling my wallet out for a dollar purchase is a bit more hassle than it’s worth. A dollar is pocket change – and it should be a coin.
On second thought, that's not a bad idea.
Yeah - I just read that a few seconds ago!! The thread is back on post #68.
The only way this will succeed (as in: the coins get used
by people) is if:
* the coin is tangibly larger than the quarter
* and the paper dollar is discontinued
* (and probably the half dollar as well)
Otherwise people won't use 'em, and vending machine
makers/operators will not re-tool for them.
Dollar coins have never been particularly popular.
The traditional large dollar (up thru Ike) is too big.
The Anthony and the Saccy are too small.
The Ant and Sac debacles entrenced vending machine
resistance.
And if Bubba is on it, half the country won't touch
it no matter what size it is.
I thought the Quarters were a neat idea, but all in and all, it's worn off.
The History Channel runs a series on "Breaking Vegas".
A retired jeweler was able to counterfeit $10 slot machine tokens. He'd play for a while, then go cash in the
phoney tokens.
The investigation started when a NJ casino reported an overage of $10K in inventory. Other casinos found similar overages.
One casino hasn't been able to cull all those tokens from their inventory.
A lot of things in this world 'make sense', but people are not logical creatures. If the public & retailers resist the coin -- for whatever reason -- it is DOA. I should know. My company had the die tooling components for blanking the Suzie B. That project was like being in charge of the Edsel design team.
Glad someone gets it. Twisted & downright scary.
Problem is, economics ALWAYS evens out in the long run. Printing money while putting off inflation just means the inflation will be much worse when it finally breaks loose.
Dang. This is scary. A whole new era of gov't economic scams just opened...
20 bucks in 1 dollar coins is a pain in the pocket.
I' rather have bills.
I was waiting for that.
20 bucks in 1 dollar coins is a pain in the pocket.
Dunno - and that's the point. $20 in paper is easy to ignore; $20 in coin is a pain in the leg.
"How often do you carry $20 in ones?"
Gonna be hell on the stripper industry
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