do you ever receive dollar coins?
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  do you ever receive dollar coins?
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Author Topic: do you ever receive dollar coins?  (Read 882 times)
WalterMitty
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« on: December 05, 2013, 06:04:01 PM »

if so, do you like using them or do you prefer the dollar bill?
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Lambsbread
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« Reply #1 on: December 05, 2013, 06:06:28 PM »

I used to get them very frequently from my great-grandparents when I was little. I always found them very beautiful and interesting. I think I still have some in my room.
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Joe Biden 2020
BushOklahoma
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« Reply #2 on: December 05, 2013, 06:10:54 PM »
« Edited: December 05, 2013, 06:35:33 PM by Pearl Harbor Bushie »

Once in a great, great while.  I try to save them when I do get them, but things don't always go the way I plan...

EDIT:  I forgot to answer the last question.  I prefer dollar bills.
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AkSaber
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« Reply #3 on: December 05, 2013, 06:29:23 PM »

Only once in my life, as change from a parking garage machine.

And no, I prefer dollar bills (yet think they need to be phased out and replaced with the coins).

Same for the penny. Get rid of it. That thing is totally useless.
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badgate
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« Reply #4 on: December 05, 2013, 06:38:10 PM »

Occasionally.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #5 on: December 05, 2013, 06:41:54 PM »

I don't ever recall receiving them, but I do try to get them from the bank and spend them.  I find them useful for small purchases.
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muon2
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« Reply #6 on: December 05, 2013, 07:02:16 PM »

The post office used to give them back as change, but that doesn't seem to be the case much anymore. I'd like to see them used more, and use that as the fifth coin replacing the penny. Keeping at five coins meets the criteria of many retailers whose change containers are divided into five compartments. For those who worry about the weight of many dollar coins in one's personal change, I'd be happy to see the two dollar bill get more use as the lowest denomination of paper currency.
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WalterMitty
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« Reply #7 on: December 05, 2013, 07:12:19 PM »

i think the only way a dollar coin will catch on is if we stop printing $1 bills.  even then there are millions and millions of $1 bills in circulation that will continued to be used for a long time.
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True Federalist (진정한 연방 주의자)
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« Reply #8 on: December 05, 2013, 09:12:59 PM »

i think the only way a dollar coin will catch on is if we stop printing $1 bills.  even then there are millions and millions of $1 bills in circulation that will continued to be used for a long time.

Not really.  The average lifespan of a circulating dollar bill is only about five years and I seriously doubt they'd remain in circulation long if we ceased printing them as people would tend to keep them as souvenirs and the the remainder would see hard use while they were still available. I do agree, you'd need to end the penny and the dollar bill to get the dollar coin to be more widely used and that is unlikely to happen because of the politics involved.  Maybe if we switched to a zinc nickel at the same time as we got rid of the penny it would work.
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DC Al Fine
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« Reply #9 on: December 05, 2013, 10:06:43 PM »

All the time (Canadian)
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patrick1
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« Reply #10 on: December 05, 2013, 10:12:55 PM »

Yeah, I get them sometimes as change on the rail and subway. I usually get rid of them asap.
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Smid
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« Reply #11 on: December 05, 2013, 10:23:01 PM »

Yes, my coffee costs $4.20, so if I have a 20c piece, I give a $5 note (or $10 or $20, depending on how recently I visited the ATM) and a 20c piece and get a dollar coin back as change. This happens at least half the time (since if I don't have the 20c piece, I usually will use the $5 note and get my 80c back - a 10c, a 20c and a 50c - therefore receiving my 20c piece for tomorrow's coffee.
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Nathan
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« Reply #12 on: December 05, 2013, 11:27:41 PM »

Sometimes, and I like using them when I can.
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TJ in Oregon
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« Reply #13 on: December 06, 2013, 12:40:55 AM »

I seem to get them at toll booths for some reason.
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dead0man
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« Reply #14 on: December 06, 2013, 02:36:51 AM »

As muon said, the post office used to give them out, but don't seem to anymore (that and I usually use the debit card anyway).  The stamp machine at Stratcom did too, but it got removed a few years ago.


edit-and I'm in favor of getting rid of the penny/paper dollar as well.  But who uses cash anymore?
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opebo
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« Reply #15 on: December 06, 2013, 04:43:26 AM »

No, but I did get a few in the 1990s as I remember.  Quite rare though.
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Grumpier Than Uncle Joe
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« Reply #16 on: December 06, 2013, 06:04:24 AM »

I have a ton of them. I never use them. 
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Antonio the Sixth
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« Reply #17 on: December 06, 2013, 06:16:23 AM »

I got a few dollar coins at a vending machine some day. I was amazed to realize they existed.

Anyway yeah, being accustomed to Euro, I tend to prefer coins for values of 1 or 2.
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WalterMitty
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« Reply #18 on: December 06, 2013, 11:43:47 AM »

I'd be happy to see the two dollar bill get more use as the lowest denomination of paper currency.

you can do your part!  go to the bank and get $2s and spend them.

but you and i both know that the 2 is and always has been a novelty note.
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muon2
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« Reply #19 on: December 07, 2013, 12:09:11 AM »

I'd be happy to see the two dollar bill get more use as the lowest denomination of paper currency.

you can do your part!  go to the bank and get $2s and spend them.

but you and i both know that the 2 is and always has been a novelty note.

For me the $2 note makes sense if the dollar coin gets more use and the paper dollar is reduced in circulation. Until then its utility is less.
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politicallefty
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« Reply #20 on: December 07, 2013, 06:37:54 AM »

Not really.  The average lifespan of a circulating dollar bill is only about five years and I seriously doubt they'd remain in circulation long if we ceased printing them as people would tend to keep them as souvenirs and the the remainder would see hard use while they were still available. I do agree, you'd need to end the penny and the dollar bill to get the dollar coin to be more widely used and that is unlikely to happen because of the politics involved.  Maybe if we switched to a zinc nickel at the same time as we got rid of the penny it would work.

I agree. I think the only way a dollar coin works is if the government stops printing dollar bills. (If that pushed for the abolition of the penny, that'd be all the more reason to go for it.) I could see going even further and stop minting the nickel as well. That'd leave an opening for a $2 coin. Another failure with past dollar coins was the terrible design. Susan B Anthony dollar coins looked too much like quarters and the Sacagaweas easily tarnished. I thought the current presidential $1 coins were a big improvement, which supposedly are tarnish-resistant. I'm also a fan of the edge-lettering and I think the reverse of that coin is one the best:

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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #21 on: December 07, 2013, 08:24:49 AM »

... the Sacagaweas easily tarnished. I thought the current presidential $1 coins were a big improvement, which supposedly are tarnish-resistant

Since they have the exact same composition, that makes little sense.

Next year will be important for the Presidential coin series.  If any of our living ex-Presidents wants to be a part of the series, they have to die next year to be eligible for the final set to be issued next year.
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politicallefty
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« Reply #22 on: December 07, 2013, 08:47:37 AM »

Since they have the exact same composition, that makes little sense.

Next year will be important for the Presidential coin series.  If any of our living ex-Presidents wants to be a part of the series, they have to die next year to be eligible for the final set to be issued next year.

The US Mint claims that they used tarnish-resistant coating due to complaints with the Sacagawea dollar coin.

As for the Presidential $1 Coin program, it seems to be almost dead at this point. It's only around for collectors at this point.

To be honest, at this point, I'd consider giving Reagan the dime (as many conservatives seem to want) if we got FDR on a new dollar coin that replaced the dollar bill. I don't like the idea of Reagan on our currency, but I'd rather our coins and bills make sense.
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Miamiu1027
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« Reply #23 on: December 07, 2013, 09:57:30 AM »

I like spending them at bodegas or other ethnic places, they don't believe that it's real money.
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