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The New Presidential $1 Coin Program

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  • The New Presidential $1 Coin Program


    Presidential $1 Coin(s)


    http://www.usmint.gov/

  • #2
    Perhaps they can simply put "G W B" on a penny.

    Comment


    • #3
      I am think of getting these if I can get them in mint or Proof condition.

      Thanks for posting Marty
      Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4ms

      Comment


      • #4
        Mint Error

        March 2007

        PHILADELPHIA (AP) - An unknown number of new George Washington
        dollar coins were mistakenly struck without their edge inscriptions,
        including "In God We Trust," and made it past inspectors and into
        circulation, the U.S. Mint said Wednesday.

        These 2007 George Washington coins all have the smooth edge error.

        We checked our coins and we discovered ours had the edge inscription
        however, some edge inscriptions were upside down. Strange!

        Comment


        • #5
          Didn't we try this back in the '70s with the Susan B. Anthony dollar ?

          I remember that as a monumental failure. Wish we could be like Ireland and the U.K. who adapted nicely with the phasing out of the 1 punt/pound and the acceptance of the smaller denomination coinage.

          Old dog, new tricks.......

          Comment


          • #6
            For this to be successful the American population has to be willing to give up the buck. In Canada they decided to do away with the dollar bill and go with the coin only (loonie). I am sure they saved millions in printing costs. They decided to get rid of their two dollar bill also and replace it with the twoonie. We could save millions in printing costs and the people would just get used to it. Your change jar ends up with lots of money in it even though it doesn't look full.
            Grande Vista owners group http://groups.yahoo.com/group/GVnewsgroup/
            Harbour Lake owners group http://groups.yahoo.com/group/HLnewsgroup/

            Comment


            • #7
              When Canada changed to the loonie there was grumbling at first, but because there was no alternative, people quickly adapted. I think for a switch to be effective, the bills nned to be removed. That does not go over well with the lobby groups associated with producing the bills.

              Comment


              • #8
                The Sacajawea dollar was very pretty (mid 90s) but who remembers it?
                For it to work, we have to lose the paper dollar.
                Every time that is proposed, there have been complaints about all those cash registers that won't have a slot for the dollar coins --OK, so let's ditch the penny too.

                Comment


                • #9
                  Eliminating the paper dollar could be devastating to the stripper-pole dancer profession. They would have to make panties with pockets.

                  The size on the dollar coin have been a problem, looking a lot like a quarter. It should be bigger and perhaps square with rounded edges if it is to be successful.

                  Comment


                  • #10
                    Whatever happened to the 50 cent piece? No Frank and Trog: Not that kind of a piece. How bad is that, I can't even find a cent symbol on my keyboard? Did the old Royal typewritters, or Underwoods, or whatever brand have a cent symbol on the keyboard?
                    Sandcrab

                    I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him. --Mark Twain

                    Comment


                    • #11
                      Originally posted by Marti
                      March 2007

                      PHILADELPHIA (AP) - An unknown number of new George Washington
                      dollar coins were mistakenly struck without their edge inscriptions,
                      including "In God We Trust," and made it past inspectors and into
                      circulation, the U.S. Mint said Wednesday.

                      These 2007 George Washington coins all have the smooth edge error.

                      We checked our coins and we discovered ours had the edge inscription
                      however, some edge inscriptions were upside down. Strange!
                      You might keep those!!!

                      The coins without markings are selling for $100 to $400 on EBAY for ONE $1 coin! I tried to go to the bank to buy a $25 roll of coins and the bank said they were only allowed to sell $10 per customer. She then pulled them out of the Roll and counted out ten AND looked at the edges of the coins to make sure they were all marked.

                      I am not sure if the teller was collecting for herself or if the Mint is trying to get these removed from circulation. Either way, if you were lucky enough to buy a Roll that had even one of these unmarked coins that would be a huge retuen on your investment. I saw one report of an individual that got a roll where HALF the coins were unmarked!!!

                      So, if that was 12-coins that sell for say $200/each that is $2400 for a $25 investment! Simply WOW...

                      I really like the idea of a Dollar coin, especually when vending machines will take them!

                      Comment


                      • #12
                        Presidential Dollar Coin Program


                        Presidential Dollar Coin


                        Year - President - Years Served - Release Date

                        2007

                        1 George Washington 1789-1797 February 15
                        2 John Adams 1797-1801 May 17
                        3 Thomas Jefferson 1801-1809 August 16
                        4 James Madison 1809-1817 November 15

                        2008

                        5 James Monroe 1817-1825 February 14
                        6 John Quincy Adams 1825-1829 May 15

                        Comment


                        • #13
                          It is not just the cash registers (or the stripper's outfit as mentioned by Tony) that will need to change.
                          Every junk food machine will have to change.
                          Coin changers (dollar bill to quarters)-gotta feed the laundry machines.
                          At the airport when you use the 'smart cart', you need to change that system. (Once upon a time I was in a smart cart commercial for use at the airport in MSP).

                          I am sure there are more examples of dollar bill vs dollar coin examples, but I can't think of any right now
                          Don

                          Comment


                          • #14
                            Originally posted by IreneLF View Post
                            The Sacajawea dollar was very pretty (mid 90s) but who remembers it?
                            I have one in my wallet, along with a $2 bill.

                            These coins don't look anything like a quarter. I'm sure the vending machine companies would be happier if we replaced the paper dollars with a coin because those paper dollar feeders are still pretty finicky.

                            Sue

                            Comment


                            • #15
                              Originally posted by falmouth3
                              I have one in my wallet, along with a $2 bill.

                              These coins don't look anything like a quarter. I'm sure the vending machine companies would be happier if we replaced the paper dollars with a coin because those paper dollar feeders are still pretty finicky.

                              Sue
                              They may not look like quarters but I have mistakenly used them as quarters in the past. I would rather have one dollar bills than these coins.

                              Comment

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