Plus there are over a billion dollars of these coins sitting in vaults that should be used before any new dollar coins are made.
I get funny looks when I use dollar coins in transactions but I am doing my part to circulate these. Also, the vending machine at work takes them.
When thousands, if not millions, of avid collectors are ready to pounce on the opportunity to get ORIGINAL UNCIRCULATED Presidential dollars, kept from their hungering hands for decades. More decades than that.
I think in the future the only manner of trading will be a form of value which we will have in a "cloud" and in will be biometric ally available whenever u need to make a purchase. No money, no card, no coins. Black mirror season 1 episode 2. Netfiix
I would like to see coins of a higher denomination. Like in days of old, how about a 20 dollar coin? It is just fiat money anyway, the value is just what we say it is.
I thought these were the Early Strikes of the new Presidential Dollar until I read the fine print - NOT TO BE USED AS CURRENT MONEY. Thankfully they have inherent value in the metal - unlike today's clad coins.
It is ironic that 100 years ago we had a circulating $20 coin, and today, when $20 is a nominal amount of money, we don't have a denomination higher than $1, and it won't circulate!
100 years ago our currency and coin was fairly stable. Some still wanted to own gold instead or currency, so gold coins were commonly used. In today,s world the gold and silver coin is not practical because of constant changing values, therefore currency is the norm and coin is simply a fractional part of currency. Neither are guaranteed to be of any specific value, so they can circulate without any ties to current PM values. We already have Kennedy halves and small dollar coins which can circulate but don,t. Retail stores and banks don,t want them around, they,re heavy to carry around, and completely not necessary for commerce. When the small dollar coins came about, the govt. thought they could take the place of dollar bills, but no one really wants a pocket full of coins when a few bucks will do the job. A few of the dollar coins are still used in vending machines, but even those now mostly accept bills. There is simply no current use for large denomination coins in our daily commerce. If any would be produced in the future, they would be only for numismatic purposes.
One of these days I'm going to do the quote/reply thing correctly...may you all live so long... Anyway at the risk of being told there are potential anvils in the air with my wish, (& I still chuckle everytime I think of that one!!) I still want us to go bigger... A wee bit bigger than the half $ maybe and not as big as the Ike (too many would be hoarded defeating the objective.) I really believe we the people likes bigggg! And just to push it I also like the opening thought (is that the moderator?) of going to a $5.00, $10.00 or $20.00 coin recapturing the good ol' days...some of those eagles are to die for! Doesn't anyone agree with these thoughts? Somebody say you love me!?!?