New $1 Coin (ugh!) - Some bad info floating around

[CloakAndDagger]

I think the U.S. Mint trying to force another $1 coin on us when all the previous ones have failed (Eisenhower "Big 'Silver' Dollar", Susan B. Anthony "Is this a quarter?", Sacagewa "I can't spell her name" "Golden Coin = Brass") is a terrible idea and a waste of tax payer money. But, as a good citizen I'm still obliged to correct some bad information that you will likely see in a chain email soon.

The chain email makes the claim that "In God We Trust" is missing, which is false, it then asks you to boycott the coin. It then uses a picture taken of the front of the coin as evidence. What that image does not show is that the phrase is engraved in the edge of the coin. (Like many government agencies, the U.S. Mint did a bad job of making this obvious, and I only found this readily accessible on their kid's webpage: http://www.usmint.gov/kids/coinNews/presidential/)

So, if you're going to boycott the coin, do so because it's a cumbersome piece of crap, not over some false premise.


The text of the email is as follows:

Subject: Boycott the New Dollar

Please help do this... refuse to accept these when they are
handed back to you. I received one from the Post Office as
change and I ask for a dollar bill instead..the lady just smiled
and said way to go, (so she had read this e-mail.)
Please help out... Our world is in enough trouble without this too!!!

U.S. < /FONT>Government to Release New Dollar Coins





You guessed it

" IN GOD WE TRUST " IS GONE !!!


If ever there was a reason to boycott something,
THIS IS IT!!!!


DO NOT ACCEPT THE NEW DOLLAR COINS AS CHANGE


Together we can force them out of circulation.


Please send to all on your mail list !!!

[Black 6]

What the Fuck over..... you just assassinated the Drama Lama preemptively!

Not Cool Bra.... Not cool.

[Caruthers]

this is getting us ready for a Euro type of coin when we give up more of our rights to become the democratic utopia of Mexamericanda

[Bravo57]

I'll boycott because they are not going to make a Regan coin.

[Chiron]

And the worst part is..... After going to the Euro everything became more expensive. That Euro coing is spent twice as fast as the .50 or the .20 one.

My guess is that after the $1 coin is introduced many things that cost .25 which went by coin slots will become $1........

[Ardent Lady]

It might happen, Ranger Chiron, but what I've seen over time is that the American public has resisted the $1 coin, and the erradication of the penny, with great effectiveness. I don't think a new coin will help this, not without a propaganda campaign to go along with it. I'd bet that this one will fail as well, unless some agency does an amazing selling job on it, or the US government just stops printing paper dollar bills in conjunction with the introduction of the coin.

People don't like change, and changing the money is viewed with great suspicion.

[hobbit]

They're a pain in the butt. I hate carrying change any time, and usually throw whatever I've got in a change jar the minute I walk in the door. I was up in Canada for a few months where they have the one dollar coin. The smallest denomination paper bill is the $2 bill. I guess it's something people get used to, but I'd still much rather carry paper $1 bills rather than coins. In the long term, coins are cheaper to mint. That's why the fed keeps trying to push $1 coins on us.

[Chiron]

I can only comment regarding the Euro. For one thing the smallest bill is a 5. Then we have the 10/20/50/100/200/500 bills. The coins are 0.01 / 0.02 / 0.05 / 0.10 / 0.20 / 0.50 / 1.00 / 2.00

Since the introduction of the Euro in Greece commodities have had a steady increase and wage a very low to no increase. It has become so common to reach in my pocket pull out a 1 Euro coin and spend like it is worthless only to find my self at the end of the month wondering where all my money went….

[EvilCouch]

I remember being a kid in Japan, dropping 100 yen coins into video game machines (That's a dollar!). All too easy to blow a week's allowance in a few minutes.

I don't actually have a point here, I just like bitching about arcade games that cost a buck to play.

[K.Ingraham]

Actually, the smallest Canadian paper currency is a $5 bill, they use $1 & $2 coins. The $2 bills were taken out of circulation years ago.

The main problem with the American approach to dollar coins is the boneheaded way we keep minting them - almost identical to the damn quarter, so that there's no casual way to tell them apart. I've never used a foreign currency where the mint foisted that problem on it's citizens.
Mint the thing so that it's distinctive, make them easy to use & folks will use them. There's no way you can mistake a 'looney' or a 'twoey' for any other Canadian coin.

The USG isnt actually interested in adopting a dollar coin. Whether people accept it or not is a non-issue if the paper dollars are no longer legal tender.
It made the conversion real easy in Canada when you couldn't spend paper ones & twos any more.
Of course, tipping the dancers got a lot more expensive overnight.

[Silverback]

And the worst part is..... After going to the Euro everything became more expensive. That Euro coing is spent twice as fast as the .50 or the .20 one.

My guess is that after the $1 coin is introduced many things that cost .25 which went by coin slots will become $1........

Vending machines that take .25 do not normally contain items that can be purchased for one coin. Further Greece's adoption of the Euro is a completely different situation than the US minting a $1.00 coin, your country adopted a completely different currency and our coin will still represent the value of a dollar.

[hobbit]

Actually, the smallest Canadian paper currency is a $5 bill, they use $1 & $2 coins. The $2 bills were taken out of circulation years ago.

The main problem with the American approach to dollar coins is the boneheaded way we keep minting them - almost identical to the damn quarter, so that there's no casual way to tell them apart. I've never used a foreign currency where the mint foisted that problem on it's citizens.
Mint the thing so that it's distinctive, make them easy to use & folks will use them. There's no way you can mistake a 'looney' or a 'twoey' for any other Canadian coin.

The USG isnt actually interested in adopting a dollar coin. Whether people accept it or not is a non-issue if the paper dollars are no longer legal tender.
It made the conversion real easy in Canada when you couldn't spend paper ones & twos any more.
Of course, tipping the dancers got a lot more expensive overnight.

I used my Visa card for almost everything but I do remember seeing one $2 bill up there. Didn't know they'd been pulled from circulation. I do remember paying for a cup of coffee with a $20 dollar bill and getting 17 loonies in change because the girl didn't have any small bills. If you do that three or four times a day, and stash the change in your pockets, the waist of your pants will be hanging about six inches down your butt crack by 5 o'clock.

Currency is getting to be an irrelevancy anyway. I'm sure I'm not the only one in this forum to go weeks or even months without any cash. Almost every place I shop for the things I need accepts credit or debit cards. Who but drug dealers, casinos, and vending machine companies use currency anymore?

[K.Ingraham]

[ I do remember paying for a cup of coffee with a $20 dollar bill and getting 17 loonies in change

I try to use cash whenever I can, it's easier for me to limit pissing away my $$ when I see them flowing out.
The trick to learn is to remember to dig out the dollar coins whenever you make smaller purchases, keep breaking fives & tens and you need a rucksack for a coin purse. Took a few trips to get used to it & I prefer the 1 & 2 dollar coins now.
Provided they're minted like the Canadians & anyone else with any sense would do it.
Viva Tim Hortons!

[RTO]

Actually, the smallest Canadian paper currency is a $5 bill, they use $1 & $2 coins. The $2 bills were taken out of circulation years ago.

The main problem with the American approach to dollar coins is the boneheaded way we keep minting them - almost identical to the damn quarter, so that there's no casual way to tell them apart. I've never used a foreign currency where the mint foisted that problem on it's citizens.
Mint the thing so that it's distinctive, make them easy to use & folks will use them. There's no way you can mistake a 'looney' or a 'twoey' for any other Canadian coin.

The USG isnt actually interested in adopting a dollar coin. Whether people accept it or not is a non-issue if the paper dollars are no longer legal tender.
It made the conversion real easy in Canada when you couldn't spend paper ones & twos any more.
Of course, tipping the dancers got a lot more expensive overnight.

I used my Visa card for almost everything but I do remember seeing one $2 bill up there. Didn't know they'd been pulled from circulation. I do remember paying for a cup of coffee with a $20 dollar bill and getting 17 loonies in change because the girl didn't have any small bills. If you do that three or four times a day, and stash the change in your pockets, the waist of your pants will be hanging about six inches down your butt crack by 5 o'clock.

Currency is getting to be an irrelevancy anyway. I'm sure I'm not the only one in this forum to go weeks or even months without any cash. Almost every place I shop for the things I need accepts credit or debit cards. Who but drug dealers, casinos, and vending machine companies use currency anymore?

Alas, even currency in casinos has gone the way of the Dodo bird. 99% of all slot/video poker machines here in 'Vegas no longer accept or dispense change. It's funny, when you 'cash out' now you get a paper ticket redemable for cash at the window, but you still hear the (electronic) sound of change falling into the bucket now....

[Silverback]

Actually, the smallest Canadian paper currency is a $5 bill, they use $1 & $2 coins. The $2 bills were taken out of circulation years ago.

The main problem with the American approach to dollar coins is the boneheaded way we keep minting them - almost identical to the damn quarter, so that there's no casual way to tell them apart. I've never used a foreign currency where the mint foisted that problem on it's citizens.
Mint the thing so that it's distinctive, make them easy to use & folks will use them. There's no way you can mistake a 'looney' or a 'twoey' for any other Canadian coin.

The USG isnt actually interested in adopting a dollar coin. Whether people accept it or not is a non-issue if the paper dollars are no longer legal tender.
It made the conversion real easy in Canada when you couldn't spend paper ones & twos any more.
Of course, tipping the dancers got a lot more expensive overnight.

I used my Visa card for almost everything but I do remember seeing one $2 bill up there. Didn't know they'd been pulled from circulation. I do remember paying for a cup of coffee with a $20 dollar bill and getting 17 loonies in change because the girl didn't have any small bills. If you do that three or four times a day, and stash the change in your pockets, the waist of your pants will be hanging about six inches down your butt crack by 5 o'clock.

Currency is getting to be an irrelevancy anyway. I'm sure I'm not the only one in this forum to go weeks or even months without any cash. Almost every place I shop for the things I need accepts credit or debit cards. Who but drug dealers, casinos, and vending machine companies use currency anymore?

The room is spinning...I agree with...Hobbit :::gulp:::