New $1 USA coin set for this week

Not really!

I have some old CC's for sale if either of you are interested.

 

The coins are more expensive, but the lifespan of the $1 bill is only 22 months while a coin is years.

PAP is right, the only way a $1 coin would work, is to stop printing $1 bills. And not make it about the same size as a quarter, whoever thought up the Susan B's was a dumb *ss!

 

Thats right mate. We use plastic notes here for the $5, $10, $20, $50 and $100 notes. They last for years, but they still tear ect......
I have seen HEAPS and HEAPS of coins stamped from the 70's onwards........ Except for $2 coin which was introduced in 1988. The only it will work effectively, is if they stop printing notes and get everyone using the coins.

 

I hate carrying change... I lived in Europe for a year and lost pounds and euros all the time. I use my ATM and Credit cards for everything no matter how big or small... and those illegal things that you have to use cash for are usually at least in multiples of $10 bills...

 

of course they didn't they eventually stopped complaining. Doesn't mean it became less of a pain in the ass.

 

Of course. Why bother saying its going to be a pain in the ass and whinge about carrying 'more' change when there is nothing you can do about it. Build a bridge and get over it. Carrying around another coin in my wallet is the least of my troubles.

 

Not a big fan of coins either. They're inefficient and bulky. Paper is thin and light. A penny is silly and a nickle is fast becoming pointless.

...and I don't carry change, so I don't need to build a stupid bridge.

 

I think don't think it will be used much. I don't like carrying change either.

 

I'd rather have the bill instead of a coin. Coins are way too heavy and distracting to carry inside pockets. I use debit/credit to purchase stuff so it wouldn't be that big of a deal.

 

If they were REALLY worried about saving our tax dollars at the mint, why did they waste several million dollars designing and minting FIFTY different quarters, one for each state, over a period of 10 years or so? What a total waste of money just to put a BUFFALO on the back of 2 or 3 different coins.

 

You are kidding right? The state quarters are probably one of the biggest comercial successes ever for the mint. Selling coins above face value as collectibles makes for big profits!

 

But what are the numbers? Selling a few quarters for a buck apiece to grade school kids is not exactly a great way to recoup millions of dollars in design, engraving, and minting expenses. Any coin collector worth his salt knows that all of these modern era "collectibles" are not collectable. I bought a set of 4 proof quarters in the original package for $5 at a garage sale last week. Probably a waste of my money, but at least I kept some idiot from popping them out of the package to buy a can of Coke.

 

I did some digging.

From http://www.us-coin-values-advisor.com/statehood-quarters.html#What%20was%20the%20Predicted%20Financial%20Return%20to%20Government

Sounds like a lot of government doubletalk. They are including ALL of the quarters sent to the Federal Reserve in their calculations, NOT just the "estimated" number that are being held by collectors. So every truckload of quarters sent to the Federal Reserve is being used as "proof" that those quarters are becoming genuine money makers for the 50 states quarter program. And then they toss in more supposition by "estimating" the number of collectors who are hoarding the quarters.

Number juggling, figure padding, and guesstimation don't sound very scientific to me.

"Brought to you by the same people who paid for the $800 hammer with YOUR tax dollars!"

 

I don't think the cash registers have a place for them, do they?

 

25 BILLION quarters! Wow, no wonder copper and other metal prices are up.

 

Actually the mint is a non-appropriated funds activity. Congress doesn't budget any money to run the mint. I suppose you could argue that the "profit" they make from the Fed is still coming out of our pockets. I don't know if they break down that "profit" from numismatic "profit".

I'm not enough of a financial genius nor do I care to take the time to figure it all out but..... if they've sold, one way or another, 25 billion statehood quarters I'd still call that sucessful!! Seeing how the artists, engravers etc. are all on their staff I'd be willing to bet that they've made more than enough to cover development costs too.

 

And I am reaping all the benefits from it.