Thread: 2012 Native American Dollar Design Announced

Quick question.. since I don't know too much about dollar coin circulation. Would banks have rolls of these? Or do I have to buy from the mint or from ebay?

If you are talking about the 2012 coins, those will have to be purchased from the mint or from a coin dealer. Banks will not have them.

Originally Posted by Conder101

If you are talking about the 2012 coins, those will have to be purchased from the mint or from a coin dealer. Banks will not have them.

Why wouldnt banks have them?

Originally Posted by snapsalot

Why wouldnt banks have them?

Because of the sleazy politics of the Crane Paper Company.

Click on the “get involved” link and send a message to your Representative and Senators to replace the rag-dollar with the dollar coin and save us 4 to 10 Billion Dollars.

http://dollarcoinalliance.org/

http://tinyurl.com/7nerv6w

http://tinyurl.com/7xzhg7b


http://tinyurl.com/7rvjlrc



http://dollarcoinalliance.org/2012/0...ion-to-1-coin/

The above article has links to all of the GAO reports, including the newest reports that address questions that Senator Brown from MA (where Crane Paper Company is located) asked. If you read it, you will see that the GAO folks were flabbergasted by at least one of the questions (I’m not sure if they felt it was illogical, silly or irrational).

One of the most interesting things the pro-dollar coin forces have done to cling to the rag-dollar is the investment in millions of dollars of new equipment that is used to determine currency fitness at the Federal Reserve. Yes, the new goal is at least 50 months of life, up from the old 18 month life of a dollar bill. Of course, the impact to citizens and business of this new fitness standard is yet to be felt. You see, these old notes will be in much worse condition than before and the new equipment has just started to be used. You are not yet seeing 50 month old dollar bills, but you WILL. And they will be a massive problem for self-check stands, vending machines, and businesses that use currency counter and sorters. They will be rejected and jam in much greater numbers and the cost to the economy is going to be fantastic.

Imagine not being able to buy your lunch food from the vending machine in your lunch room because the machines keep rejecting your tattered old bills? How about not being able to pay for parking when you leave a garage with an automated pay station because it rejects your bills? Not being able to get your train or bus ticket/pass?

And, of course, the refusal to acknowledge that seigniorage is a real thing is one of the ways they pro-dollar bill folks attempt to discredit the GAO reports. Gee, who know the reality of the budget and the way the money supply works? The GAO or the pro-dollar bill people?

The Federal Reserve and the Crane Paper Company make a lot of profit from dollar bills at the taxpayers expense. The anti-dollar coin campaign is getting worse and the facts are being twisted and becoming outright lies. And the anti-dollar coin attack dogs are also engaging in personal attacks against anyone who dares to speak up in favor of the facts and the dollar coin.

Another argument for the dollar bill is that production of the paper at Crane Paper Company creates jobs. Let’s see….$146,000,000.00 per year savings for the taxpayers vs. how many jobs? Let’s say it is 200 jobs. That is $730,000.00 per job!! What an insane waste of taxpayer money! Yes, I know that the employees are not paid $730,000.00 salary, but the cost to the taxpayer to keep the dollar bill in production is that much.

And businesses have already testified that they would save money year round using dollar coins instead of dollar bills. It costs less to handle and process dollar coins than dollar bills. As with any other efficiency improvement, there will be some initial capital investment – such as buying new cassettes for automated change dispensers at checkstands – but those investments are always made and business does this because they know they will get a positive return on that initial investment. They will save time and money on each transaction and on handling the money in the cash room. AND I already mentioned the problems that will cost business money when the older dollar bills flood the money supply and rejection rates and jams increase.

http://dollarcoinalliance.org/endorsements/

So can i go to a bank for 2011- and before dollar coins?

FMT15 you can , the ones you will get from the bank will mostly be circulated coins and in odd amounts depending on what they have. Most of the dollar coins I have been getting have been just what the tellers have in loose change at their stations.

I'm getting some of the 2012 Native American dollars, but it'll cost me $275 for 10 rolls of 25 coins.

Too bad the direct ship is gone! Are they just giving up on circulating these?

Nice design though. I like them when they're shiny. I never see a toned one because they don't circulate!

Originally Posted by fusiafinch

Too bad the direct ship is gone! Are they just giving up on circulating these?

Because they never caught on, people still love their paper dollar bills.

Originally Posted by fusiafinch

Nice design though. I like them when they're shiny. I never see a toned one because they don't circulate!

Toning usually occurs when the coins sit for long periods undisturbed. When coins are circulated, they get worn down, not allowing the coin to actually tone. You likely don't see these toned because it can take years to naturally tone and these have only been around for 13 years.

Beautiful reverse - obverse is still lacking in appeal, to me. It's no SBA to be sure, but Gasparro's rejected design for the SBA obverse is still much better than either the SBA or Sac. IMHO.

Very nice I like this design.

Hello

That is a better design than previous attempts. I think that the series, in total, is an artistic failure. I am not qualified to comment on the historical aspect of the series, but I suspect that honoring agriculture, something all civilizations needed to become proficient in if they were to survive, has not been much of a historical achievement after the 10th millennium BC.


Amanda