Myers Depot Metal Detectors

New Dollar Coins

z118

z118

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How nice it would be if dollar bills stopped being used and were replaced by coins...

I have found a few Sacagawea coins, but no Susan B's.



Mint has high hopes for new golden dollars

Can George Washington and Thomas Jefferson succeed where Susan B. Anthony and Sacajawea failed? The U.S. Mint is hoping America's presidents will win acceptance, finally, for the maligned dollar coin.

http://www.msnbc.msn.com/id/15805733/from/ET/
 
I've found several SBA's and was surprised each time they read as a dollar.

The problem with the SBA was it's size. Too close to a quarter. If I'm going to carry a dollar coin I want that puppy to feel like a dollars worth of metal.
 
most likey people will save them, like the other coins. if vending machines would take them this would really help in there daily use..also like others have said got to be bigger than a quarter an feel diffrent.
 
seas1to2 said:
most likey people will save them, like the other coins. if vending machines would take them this would really help in there daily use..also like others have said got to be bigger than a quarter an feel diffrent.
Click to expand...

We have a cafeteria at work with 10 or so vending machines, and they all take Susan B's and Sacajawea's.  There's also a change machine that takes bills and spits out dollar coins.  It's pretty cool.

I worked in a lumber yard once, and because the manager was an oddball, we kept dollar coins only in the change drawer (no $1 bills).  People would get angry sometimes when we gave them as change.  They claimed, among other things, that other people would not take them as money, and that they were too much like quarters so they might be confused with one.  Pretty sad!
 
i found one of those 2000 sagaweaga or whatever IT is dull in color i read that some of them had defective finishes
 
The dollar coin is obviously great news to the metal detectorist, but I think it will not be successful. The mint has failed at every attempt they have made in the last 40 years to make a major change in the money (two dollar bill, SBA, and the Sac). The savings to the government is quoted as 500 million. Are they kidding, that ain't squat! That's the cost of paper clips and rubber bands at the Pentagon. On the other hand it will impose added expense to commerce . But, its more for us!
 
If they want it to be successful they need to stop printing the paper stuff. Period. End of story.
 
If I'm not misstaken I think there's a error coin with one side a sac and the other is a quater I think ?
Scavenger said:
The dollar coin is obviously great news to the metal detectorist, but I think it will not be successful. The mint has failed at every attempt they have made in the last 40 years to make a major change in the money (two dollar bill, SBA, and the Sac). The savings to the government is quoted as 500 million. Are they kidding, that ain't squat! That's the cost of paper clips and rubber bands at the Pentagon. On the other hand it will impose added expense to commerce . But, its more for us!
Click to expand...
 
I remember when a silver dollar was in common usage in our area. Widely accepted anywhere. Then you knew you had a dollar just by feel of the size and weight. These things they are minting today are nothing special.
 
The article I read on the internet last night said they were going to be a bit larger than a quarter. Why not make them the size of the older silver dollars??? Then there's no mistaking them for a quarter or a half.

Also, it said that they would be accepted in vending machines, and would be given as change, also, in machines.

Trudy

I'd love to have them circulate.
 
Why not make them the size of the older silver dollars???
Click to expand...
At government costs, it would probably cost them more than a dollar to make a dollar coin that big. After all, these are the genuises that pay $400 for a hammer, right?

I do wish they would catch on though. It would make the schoolyard and tot lot hunts a bit more profitable, lol!
 
The Canadians have 1 and 2 dollar coins, the looney and tooney. Great for guys north of the border. When my wife and daughter were in England most of their transactions were in coin. If they can do it so can we. Rob
 
I orginally posted this in another forum a couple weeks ago.

1: Coins last 30-40 years vs 18 months for the bills

2: Parking Meter rates are now $1 or more per hour

3: Soda & Snack Vending machine owners will save billions by
eliminating expensive, bulky and fussy dollar bill validators

4: Environmentally friendly, requiring no trees to be cut down for the
paper or oil to be drilled for the ink.

5: Toll booths

6: Subway stations

7: Buses

8: Car Washes

9: Laundromats

10: US Government will save billions in printing costs

11: Will create a vacant slot in cash registers for a future $500 or
$1000 bill. Seems like even the $100 bill is too small for some
transactions.

12: Post Offices will use them in vending machines to sell stamps

13: Casinos will use them as a replacement for $1 chips

14: More expensive & difficult to counterfeit than paper currency
(todays high quality printers makes counterfeiting easy)

15: Arcades & Amusement parks

16: All Federal Agencies, parks, post offices, transit companies using
Federal money, and private vendors transacting business on Federal
property will be required by law to dispense them as change.

17: They are sanitary and easier to clean than bills, carrying less
germs. Copper(88.5% content in the new dollar coins) is a biostatic
element and prevents the growth of bacteria on it's surface.

18: People are more likely to save and hoard coins than bills in their
piggy banks & desk drawers.

19: The Brits, Europeans, and Canadians are already doing it with much success

20: Lastly & most importantly, we Metal Detector enthusiasts will be
big benefactors of dollar coins falling out of people's pockets in
playgrounds, parks & beaches. So get out there and buy them, use them,
and promote them!
 
The new coins will be 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel

as long lasting as the current clad dimes and quarters or longer even.
 
I do believe the new coin dollars will be popular, But I think people will not circulate them much. Especially numismatics who will want to hold on to them, and collect them because of their beauty. I love the Sacajawea coin. Problem with me is I've been collecting coins since 1972, and I have a problem with not wanting to spend any of the Sacajawea coins. And for me it will probably be the same way with the new dollars.
 
I like using the dollar coins. I get $5 or $10 worth everytime I go to the bank. Get them, spend them, and if enough of us do it, they will be accepted. And anyway... it's fun to watch the cashiers try to figure out what to do with them! :lol:
 
I personally do not like the fact that the dates and the "In God We Trust" and "E. Pluribus Unum" mottos are going to be stamped on the rim f the coins. What were they thinking with that??

http://www.usmint.gov/mint_programs/$1coin/index.cfm?action=EdgeIncused
 
Treasurekidd said:
I personally do not like the fact that the dates and the "In God We Trust" and "E. Pluribus Unum" mottos are going to be stamped on the rim f the coins. What were they thinking with that??

http://www.usmint.gov/mint_programs/$1coin/index.cfm?action=EdgeIncused
Click to expand...

On the one hand it's kind of cool, but on the other, I bet it gets worn off pretty fast.
 
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