February 15, 2007
Your Tax Dollars At Work
There's a new Dollar coin about to be released. "What, again?" you ask.
Yep. It seems the U.S. Mint feels that the third time's the charm. First they made a Dollar coin with Susan B. Anthony on it. Then they tried Sacajawea. Both efforts failed because in many cases people found them too much like the quarter.
So now they've got a fool-proof plan to help avoid this confusion. They're going to "rotate" the face from time to time. Guess who will be the very first person appearing on the new Dollar coin?
George Washington!
I'm telling you. You just can't make this stuff up.
Posted by Gary at February 15, 2007 02:34 PM | TrackBackThis is just a way for the government to make money. People will "buy" the coins for a dollar and then keep 'em in their coin collections.
The real reason dollar coins don't work -- would you rather carry five single dollar bills in your wallet, or five dollar coins in your pocket?
Posted by: rbj at February 15, 2007 02:46 PMThe dollar coin will continue to fail, regardless of it's size or weight, until the dollar bill is phased out.
Posted by: Mike at February 15, 2007 03:00 PMAre you kidding? I am so stoked about this---William Henry Harrison is finally going to get his due. Not to mention Chester A. Arthur.
Imagine the McDonald's dollar menu commerical potential...
Posted by: Steve the LLamabutcher at February 15, 2007 03:02 PMOK, do I have to be the one to say it?
Which is more motivating to a stripper? A coin or a dollar bill?
C'mon. You were ALL thinking it. Be honest.
Posted by: Gary at February 15, 2007 03:10 PMWhat I want to see is a stripper pick dollar coins up off the stage with her, um, we'll leave the last part to imagination.
Lets just say the strippers in Vegas, Qubec, Miami and Atlanta got mad skillz that would potentially go to waste should coinage be commonplace.
Posted by: phin at February 15, 2007 03:22 PMUm, yes coins do go __ (I'll leave the rest unsaid, as this blog does have a modicum of respectability).
Posted by: rbj at February 15, 2007 03:42 PMthis blog does have a modicum of respectability
Don't believe the Big Lie! I still have a pile of those Sacagawea dollar coins somewhere; they were fun to use.
Posted by: The Country Pundit at February 15, 2007 04:38 PMThey need to drop the dollar bill but for the coins to take off they need to lose the penny as well.
Merchants don't like the coins because they have no place in the cash register for them.
Posted by: Zendo Deb at February 15, 2007 07:47 PMGee another dollar/quarter to get lost in your pocket. Thanks guys. Just ignore the 30 years of people telling you why the Susan B's tanked so badly, ok? No problem.
How about a SILVER DOLLAR, huh? Y'know, one ounce of .999 fine silver in a LARGE coin?
Just a thought.
Posted by: mojo at February 16, 2007 10:35 AMI don't know the prices of these things on the market, much less weights and measures, but might the value of the silver be more than the assigned value of the coin?
I suppose the solution is an alloy, but isn't that the road the Roman Empire went down? I thought I read somewhere that the continual mixing of metals in their specie caused problems in commerce. People would melt the coins down for the precious metals contained, and the Empire's economy suffered when there wasn't enough actual money to use.
Meanwhile, I have one of them now, neener neener. Thanks to the local bank teller!
Posted by: The Country Pundit at February 16, 2007 03:45 PM
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