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Posted: 12/16/2005 10:28:26 PM EDT
money.cnn.com/2005/12/16/news/economy/dollar_coin/index.htm



NEW YORK (CNNMoney.com) - Coin collectors can look forward to a new series of gold-colored dollar coins depicting portraits of former presidents, according to a report published Friday.

USA Today, citing legislation sent to President Bush on Thursday, said the U.S. Mint will produce four coins each year beginning in 2007 in the order in which the presidents served.

Keeping with tradition, the report said no living presidents will appear on the coins, and the Statue of Liberty will be on the reverse side of the dollars. Grover Cleveland will be on two coins because he served non-consecutive terms, the newspaper said.

The Mint will also make commemorative coins in 24-karat gold, the highest quality ever used, of the presidents' spouses, according to the report.

The new coins could become popular collectors' items, the newspaper said, as well as entice people to use change instead of dollar bills. Additionally, they could save the government approximately $500 million a year simply because they last longer than paper dollars, the newspaper said, citing a 2002 report from the Government Accountability Office.

Could the dollar coins eventually replace the paper dollar? Some are betting against that happening. Rep. Mike Castle ( R-Del.), who led the effort for the presidential dollar coins, told the newspaper that it's unlikely the new coins will knock down the paper version.

However, similar to the state quarter program that generated about $4 billion for the Mint, Castle said the dollar coins will be great for collectors and can act as a history teaching tool.





After getting the old ones at the change machine at work I have come to hate the dollar coins. I spend them to easy and they are easy to lose.

They seem like tokens
Link Posted: 12/16/2005 10:45:52 PM EDT
Dollar coins would be ok IF they didn't make them almost the same damn size as a quarter.
Link Posted: 12/16/2005 10:46:44 PM EDT
dooooooooop!
Link Posted: 12/16/2005 10:47:57 PM EDT

Originally Posted By twonami:
dooooooooop!




I couldnt find the first one, I looked for abit.
Link Posted: 12/16/2005 10:48:34 PM EDT

Keeping with tradition, the report said no living presidents will appear on the coins


Damn! Clinton needs to HURRY UP AND DIE!!! Do it for the LEGACY!!!
Link Posted: 12/16/2005 10:50:05 PM EDT
[Last Edit: 12/16/2005 10:50:17 PM EDT by Wolfpack]
Link Posted: 12/16/2005 10:51:15 PM EDT

Originally Posted By Wolfpack:

Originally Posted By Taxman:

Originally Posted By twonami:
dooooooooop!




I couldnt find the first one, I looked for abit.



Just keep this in mind before you start a thread....


Everything has already been posted.




I know, oh well +1 anyway.

Gotta keep my bandwidth in use, either gotta post or download porn, figure I'll post.
Link Posted: 12/16/2005 10:52:18 PM EDT

Originally Posted By Taxman:

Originally Posted By twonami:
dooooooooop!




I couldnt find the first one, I looked for abit.



Here ya go
Link Posted: 12/16/2005 10:54:53 PM EDT

Originally Posted By cyrax777:

Originally Posted By Taxman:

Originally Posted By twonami:
dooooooooop!




I couldnt find the first one, I looked for abit.



Here ya go



I searched for "coins" not "coin"
Link Posted: 12/16/2005 10:55:22 PM EDT
Link Posted: 12/16/2005 11:05:16 PM EDT
I do confess to collecting only gold coins and I have a decent amount of the Canadian golds in my stash.
Link Posted: 12/16/2005 11:11:32 PM EDT

Originally Posted By twonami:
I do confess to collecting only gold coins and I have a decent amount of the Canadian golds in my stash.



I love the 1oz Canadian Maple Leaf gold coins. I have about a dozen of them. I have quite a few American gold $20 Eagles and Kuggerands(sp?) as well just for bullion accumulation, but the Maple Leaves are so beautiful. A few Chinese Panda's, Australian Nuggets, and Mexican gold coins have found their way into my stash as well.
Link Posted: 12/16/2005 11:13:39 PM EDT

Originally Posted By Taxman:


They seem like tokens




Exactly!
Link Posted: 12/17/2005 4:34:09 AM EDT

Originally Posted By Samstead:
Dollar coins would be ok IF they didn't make them almost the same damn size as a quarter.



Take a look at (feel of) the British Pound coin. By making it about 50% thicker than their other coins, they have made it easily distinguishable from other coins. One of the few things that they got right.

Link Posted: 12/17/2005 5:16:28 AM EDT

Originally Posted By Herzo:

Originally Posted By Samstead:
Dollar coins would be ok IF they didn't make them almost the same damn size as a quarter.



Take a look at (feel of) the British Pound coin. By making it about 50% thicker than their other coins, they have made it easily distinguishable from other coins. One of the few things that they got right.




They did that to make up for the Half Groat...
Link Posted: 12/17/2005 5:27:49 AM EDT

Originally Posted By Taxman:
The new coins could become popular collectors' items, the newspaper said, as well as entice people to use change instead of dollar bills. Additionally, they could save the government approximately $500 million a year simply because they last longer than paper dollars, the newspaper said, citing a 2002 report from the Government Accountability Office.


Here is the crux of the matter, it is the govt attempt to save money because coins cost less over time. The govt is now up to its eyeballs in Susan B Anthony and Sacagiwa dollars, and they are going to make more of the same with a different twist, ugh!
Link Posted: 12/17/2005 5:28:45 AM EDT
I HATE dollar coins. As long as quarters exist, and they are close to them in size, they are a STUPID, STUPID idea.

I got some at the post office in change last week and ended up spending one as a quarter within a couple days.

Make them square, put a hole in them, do something so they actually are different. A gold tint is not enough, especially in poor lighting.

Link Posted: 12/17/2005 5:37:15 AM EDT
I am a big fan of the $1 coins. They easily fall out of a stripper's g-string making them ideal to use the same coin all night long, and saving money for booze.
Link Posted: 12/17/2005 5:55:57 AM EDT

Originally Posted By sven:
I am a big fan of the $1 coins. They easily fall out of a stripper's g-string making them ideal to use the same coin all night long, and saving money for booze.



Now that's funny. I don't care who ya are.
Link Posted: 12/17/2005 6:25:03 AM EDT
The mint will make a bank off these as people collect them.

It'll be hard for me to spend a Reagan
Link Posted: 12/17/2005 7:48:07 AM EDT
As someone else said, do something to make them different.

Other countries have holes in some coins, others have made them thicker while others have made them multi sided. If the U.S. Mint insists on making a $1 coin, stop making the $1 bill and have just the coin. But do something to make it completely different than any other coin.

Myself, I like
Link Posted: 12/17/2005 8:58:35 AM EDT
Link Posted: 12/17/2005 9:00:21 AM EDT

Originally Posted By David_Hineline:
The only way 1 dollar coins are going to work is to stop printing 1 dollar paper money.





I wonder how quik the tills in a store would fill up with them, expect you can fit alot more dollar bills in the dollar slot, then coins in a change slot.
Link Posted: 12/17/2005 9:08:33 AM EDT

Originally Posted By sven:
I am a big fan of the $1 coins. They easily fall out of a stripper's g-string making them ideal to use the same coin all night long, and saving money for booze.

If you use them in those little rolls, they take the G-string with them when they fall out!
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