Do you love "Gold Dollars" you wont after you watch this

[coolpix9]

Do you love "Gold Dollars" you won't after you watch this

http://abcnews.go.com/WNT/video/coins-costing-taxpayers-14076274

 

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[Straight_Flush89]

Re: Do you love "Gold Dollars" you won't after you watch this

I'm sick of these short sighted decisions by our leaders, $600,000 per day is absolutely ridiculous. That's 1.095 trillion dollars every 5 years. Great idea for a country drowning in fiat currency debt.

If they wanted people to use these they should of:

A) Not deflated the dollar to be so worthless, that it takes a pocket full of dollar coins to buy a happy meal.

B) Made them $20 coins, or a more appropriate denomination that people could carry small amounts of.

 

[Generic_Lad]

Re: Do you love "Gold Dollars" you won't after you watch this

The "gold" dollars (along with the SBA dollars) have everything I don't want in a coin.

A) A hideous artistic design. Ok, I liked the reverse of the first Sacajawea coins with the eagle in flight, but the rest of them? The Agony dollar was the worst, and the presidential dollars are just terrible, not to mention that I don't believe in putting real people on circulating coins because, in all honesty none of them are as good as the ideals we should be perfecting. A few non-circulating commemorative coins are OK, but on the whole our nation should be under the leadership of ideals, rather than any one flawed person. The fact that our coinage depicted Liberty rather than a living or historical person is what made US coinage unique, in fact, it made our country unique.

B) Political correctness to the extreme. We do not need a "commemorative" coin for every event that happened in our nation's history. What's next? "commemorative" county pennies?

C) Limited usefulness of the coin. Really, what is wrong with a dollar bill? It is a lot easier to carry and stack. 20 $1 bills is a fairly small stack that can fit easily in one's wallet. On the other hand, 20 $1 coins is fairly heavy.

D) Terrible technical design of the coin. The coin quickly tarnishes from a bright golden color to an brownish-black look upon even the smallest amount of circulation. The edge lettering is nearly unreadable with the exception of coins straight from the mint and proofs. The coin is still nearly indistinguishable from a circulated quarter in your pocket.

If we had something like a $5 coin minted with silver or some other precious metal with Liberty on it, I would be all for using them. But the current coins if I get one I toss it back to the bank.

 

[goldencoin]

Re: Do you love "Gold Dollars" you won't after you watch this

The "gold" dollars (along with the SBA dollars) have everything I don't want in a coin.

A) A hideous artistic design. Ok, I liked the reverse of the first Sacajawea coins with the eagle in flight, but the rest of them? The Agony dollar was the worst, and the presidential dollars are just terrible, not to mention that I don't believe in putting real people on circulating coins because, in all honesty none of them are as good as the ideals we should be perfecting. A few non-circulating commemorative coins are OK, but on the whole our nation should be under the leadership of ideals, rather than any one flawed person. The fact that our coinage depicted Liberty rather than a living or historical person is what made US coinage unique, in fact, it made our country unique.

B) Political correctness to the extreme. We do not need a "commemorative" coin for every event that happened in our nation's history. What's next? "commemorative" county pennies?

C) Limited usefulness of the coin. Really, what is wrong with a dollar bill? It is a lot easier to carry and stack. 20 $1 bills is a fairly small stack that can fit easily in one's wallet. On the other hand, 20 $1 coins is fairly heavy.

D) Terrible technical design of the coin. The coin quickly tarnishes from a bright golden color to an brownish-black look upon even the smallest amount of circulation. The edge lettering is nearly unreadable with the exception of coins straight from the mint and proofs. The coin is still nearly indistinguishable from a circulated quarter in your pocket.

If we had something like a $5 coin minted with silver or some other precious metal with Liberty on it, I would be all for using them. But the current coins if I get one I toss it back to the bank.

Agreed on all points, and I assume the county pennies were a reference to http://www.theonion.com/articles/us-mint-gears-up-to-issue-commemorative-county-pen,1326/ Especially in respect to the first point, get rid of all historical figures from coins and put lady liberty where she belongs

Except I do think we should accept the dollar coins as the new quarters. Using coins instead of bills ends up being a lot cheaper based on durability, not to mention much cleaner. I think we should axe the $1 and $2 like every other country has done to their base unit of currency.

HH
-GC

 

[TexanCowboy]

Re: Do you love "Gold Dollars" you won't after you watch this

In defense of the dollar coin:

Over the course of the coins, they WOULD, if circulating, last longer than the dollar bills. A lifespan of 20 years vs. 9 months adds up, and with dollar bills 4-6 cents a pop, should balance out. The problem is that everyone hoards them, so that they don't circulate, and they are, thus, useless.

I would like to see something like the Mexican $10 and $50 peso coins, with a silver core, tho. Maybe a coin of a $20 denomination with a 1/3rd ounce silver core, would still be an improvement over what we have now.

 

[Generic_Lad]

Re: Do you love "Gold Dollars" you won't after you watch this

The "gold" dollars (along with the SBA dollars) have everything I don't want in a coin.

A) A hideous artistic design. Ok, I liked the reverse of the first Sacajawea coins with the eagle in flight, but the rest of them? The Agony dollar was the worst, and the presidential dollars are just terrible, not to mention that I don't believe in putting real people on circulating coins because, in all honesty none of them are as good as the ideals we should be perfecting. A few non-circulating commemorative coins are OK, but on the whole our nation should be under the leadership of ideals, rather than any one flawed person. The fact that our coinage depicted Liberty rather than a living or historical person is what made US coinage unique, in fact, it made our country unique.

B) Political correctness to the extreme. We do not need a "commemorative" coin for every event that happened in our nation's history. What's next? "commemorative" county pennies?

C) Limited usefulness of the coin. Really, what is wrong with a dollar bill? It is a lot easier to carry and stack. 20 $1 bills is a fairly small stack that can fit easily in one's wallet. On the other hand, 20 $1 coins is fairly heavy.

D) Terrible technical design of the coin. The coin quickly tarnishes from a bright golden color to an brownish-black look upon even the smallest amount of circulation. The edge lettering is nearly unreadable with the exception of coins straight from the mint and proofs. The coin is still nearly indistinguishable from a circulated quarter in your pocket.

If we had something like a $5 coin minted with silver or some other precious metal with Liberty on it, I would be all for using them. But the current coins if I get one I toss it back to the bank.

Agreed on all points, and I assume the county pennies were a reference to http://www.theonion.com/articles/us-mint-gears-up-to-issue-commemorative-county-pen,1326/ Especially in respect to the first point, get rid of all historical figures from coins and put lady liberty where she belongs

Except I do think we should accept the dollar coins as the new quarters. Using coins instead of bills ends up being a lot cheaper based on durability, not to mention much cleaner. I think we should axe the $1 and $2 like every other country has done to their base unit of currency.

HH
-GC

Yeah, I remember reading it somewhere, though I couldn't remember if it was on this site or some other site and apparently it was The Onion.

 

[hombre_de_plata_flaco]

Re: Do you love "Gold Dollars" you won't after you watch this

I hate these coins.

 

[legend76]

Re: Do you love "Gold Dollars" you won't after you watch this

The "gold" dollars (along with the SBA dollars) have everything I don't want in a coin.

A) A hideous artistic design. Ok, I liked the reverse of the first Sacajawea coins with the eagle in flight, but the rest of them? The Agony dollar was the worst, and the presidential dollars are just terrible, not to mention that I don't believe in putting real people on circulating coins because, in all honesty none of them are as good as the ideals we should be perfecting. A few non-circulating commemorative coins are OK, but on the whole our nation should be under the leadership of ideals, rather than any one flawed person. The fact that our coinage depicted Liberty rather than a living or historical person is what made US coinage unique, in fact, it made our country unique.

B) Political correctness to the extreme. We do not need a "commemorative" coin for every event that happened in our nation's history. What's next? "commemorative" county pennies?

C) Limited usefulness of the coin. Really, what is wrong with a dollar bill? It is a lot easier to carry and stack. 20 $1 bills is a fairly small stack that can fit easily in one's wallet. On the other hand, 20 $1 coins is fairly heavy.

D) Terrible technical design of the coin. The coin quickly tarnishes from a bright golden color to an brownish-black look upon even the smallest amount of circulation. The edge lettering is nearly unreadable with the exception of coins straight from the mint and proofs. The coin is still nearly indistinguishable from a circulated quarter in your pocket.

If we had something like a $5 coin minted with silver or some other precious metal with Liberty on it, I would be all for using them. But the current coins if I get one I toss it back to the bank.

I agree with all points except C. You shouldn't need twenty $1 bills on you unless you are going to the nudie bar.(And they can make change when you get there ). We have to get rid of the $1 bill. We can always make $2 or even $5 coins, so that a person would only need to carry a few coins on them.

 

[legend76]

Re: Do you love "Gold Dollars" you won't after you watch this

Which brings up another intertesting quandary. If we do can the $1 bill, what do we do at the strip clubs?
$2 Bills!! http://forums.randi.org/showthread.php?t=68018

Happy Hunting
Legend

 

[aa battery]

Re: Do you love "Gold Dollars" you won't after you watch this

its the gov. excuse to stop stamping coins. BEWARE!!

 

[goldencoin]

Re: Do you love "Gold Dollars" you won't after you watch this

$2 would be the max, after that, it's a target for counterfeiters. Japan has a huge problem with its 500 yen coins. Silver wouldn't be a good idea as a material because:
people (especially me) would hoard them
prices fluctuate too much to keep value
cuts down on profit to the mint

As much as I would like the old standard make, they won't do it

HH
-GC

 

[MIhunter]

Re: Do you love "Gold Dollars" you won't after you watch this

Two things to keep in mind

1) Countries with successful large value coins do not have bank notes of same value. (Canada withdrew the $1 and $2 notes when they started making $1 and $2 coins). I know it is American to learn from anybody else but...

2) The United States has never had a successful dollar coin.
Presidential? No
Sacajawea? No
SBA? NO!
Ike? only casinos used them
Morgan/Peace? To big and heavy, most were keep in fed reserve vaults that issued silver cerf. against them
gold dollar coins? (90% gold dollar coins from 1800s) Too small, smaller than dimes, easy to lose
Trade dollars? only used in Asia for trade.

The Answer? either kill the dollar bill or reduce dollar coin production to 1-2 million a yr for mint/proof sets like the Kennedy half dollar.

What will Congress do? Nothing it is their speciality!!

 

[BuffaloBoy]

Re: Do you love "Gold Dollars" you won't after you watch this

Our government will soon be like canada, they do not use the $1 or $2 bills anymore, instead, they use $1 and $2 coins.

 

[conpewter]

Re: Do you love "Gold Dollars" you won't after you watch this

Saves money in the long run to just stop making the $1 bill. The bill only lasts on average 18 months, the coin lasts 30 years.

So in the 30 years you would need 20 $1 bills and 1 $1 coin

$1 coin = $ .32 cost
20 $1 bills = .07 * 20 = $1.40 cost

But I do agree that the pres coins are ugly, I want liberty back on our coinage.