New US Dollar Coins - What's the problem?

I firmly believe we are UTTERLY incapable of predicting tomorrow’s conception of “class”.

 

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The Barber coinage was considered ugly at the time it was made. Some of us still consider it ugly.

So yeah, its definitely in the same class. People are always going to complain, so I wouldn't put too much stock in it.

 

And...will they ever be as popularly collected as Mr. Bellman's favorite coin in the world...the Morgan Dollar?

 

Indeed...very true...i meant same class...as in on same playing field as barber coinage for collectability

 

Well, for a large number of years, Barber and Morgan coins were contemporaries, and guess what. People gladly used Barber coins and forgot about bag after sealed bag of Morgans.

 

I know, and I believe both apply. Morgan dollars were EVERY BIT AS disdained as modern Sacs and Prezzys are today.

 

Yes they did! Now, for a large contingent of collectors, they are now king...wonder if this latest incarnation will be so widely collected.

 

I wonder too. The parallels are considerable. Food for thought.

 

I hope that if the new series is not well received, it qualifies as a total disaster and embarrassment. Maybe then that collection of prissy occupants of congress will move on to something besides micromanaging coinage.

 

Barbers are silver. These are not.

Barbers are old. These are not.

Barbers had comparatively low mintages. These will not.

Barbers circulated and were melted, so there was attrition. These will not.

No, these modern coins will never be in the same collectible category as Barbers.

 

Here’s the problem with that. All 57 are now authorized. If no new law passes, there WILL BE at
least 57x3 or 171 of these beasties to collect, plus alternative finishes. The Mint cannot just stop. The die is cast, to coin a phrase.

 

I believe it can be argued from a historic standpoint that the US never warmed up to a dollar coin, silver or otherwise.

 

Where did you see the designs? All I saw was an article saying there will be 57 new coins. I liked the state quarters, I liked the Presidential Dollars, and I hope I will like these. The problem with modern coinage is not so much the designs, rather the lack of relief in the designs, IMO.

And if a collector doesn't want them, don't buy them. Why does everyone who buys mint products think they have to be Eliasberg?

 

I believe you squarely nailed that one. I am old enough to remember the excitement generated when the mint gave us the bicentennial coins. It was genuinely refreshing to see as the same designs had been around for decades. We are now desensitized to new designs purely from oversaturization. You are so right. We simply don’t seem to know how to stop now. I for one won’t subsidize them by purchasing yet another “collectors only” release.

 

An idea I'd really like to see the mint implement. Is anyone else here peeved that modern proof sets missed the beautiful Peace dollar by one year?! Our only silver proof sets and the biggest coin in them is just a small half dollar. I've had occasional interest in getting an early modern proof set, like a '42, but face it they're pretty much all the same as they basically started after the bulk of presidential coinage. Maybe that's why modern proof sets are dead in the water.

I think the mint should reissue 100th anniversary proof sets, in 90% silver, using the designs of 100 years ago. That way we can finally see what a proof Standing Liberty quarter really looks like. I'd really like to see a type I in one of those -- ! The sets would also include the Peace dollar, the Walkers, Mercuries, Buffalos, and the Lincoln cent. The year would be the current one; i.e. 2018, etc and the denoms could be whatever they want.

If they were really crazy they could even include the gold: same weights and fineness of the $2.5 - $20 pieces as a premium set.

 

The good news is that 99.94% of us will never see this garbage. NIFC and won't circulate.

So at least we don't have to look at the horrible mish-mash they will become.

Posted this before - take NJ's fav Inventor/Innovator, T.A. Edison. How you going to fit a portrait of him and 3 major inventions/innovations (Lightbulb, Phonograph and Menlo Park) on a coin of that size?

What will California choose? The McMansion?

 

I don't care what the mint puts out.

 

57 different designs?

That should keep the artists & die makers busy for at least 10 years.

 

Size & composition: Same as other modern $1 coins?

Boring! And an instant failure. With a 14-year commitment.

 

"The Federal Reserve Banks hold about $1.4 billion in $1 coins -- enough to meet the demand for the next 40 years.

In fact, far more than half of all $1 coins ever minted are in government vaults.
Last year, more $1 coins were returned to the Federal Reserve than were paid out.

More business returned the unpopular coin than asked for them. So the government's stockpile actually grew."

https://www.cnn.com/2013/11/28/us/one-dollar-coins/index.html