The New Dollar Coin: American Innovation

Way too much empty space. They should have included the mint mark and the date with all that empty room.

 

Log in or Sign up to hide this ad.

That design was specifically called for in the legislation. In case you’ve missed it, micromanaging coinage is an ego trip in Congress.

 

Parkinson's Law of Triviality

 

I suppose many people like them. My issue is that I don't consider them to be coins unless they are put in general circulation. They are just glorified tokens or medals. I have terminated most of my U S Mint subscriptions to prevent buying stuff that is not really used as coins.

 

This is going to be the "new normal" common obverse for EVERY non-Native American dollar coin for years and years.

IOW, "get used to it". I actually think it's better than the Presidential common side.

 

So now Kennedy halves are no longer coins?

 

Sounded like anything made by the US Mint is not a coin except what is sent to banks, i.e. Cents, Nickels, Dimes and Quarters.

 

And two of THOSE should be candidates for elimination. So if we did that and reintroduced halves and dollars to commerce, would non-coins instantly become coins? Before you scoff, consider that the Swiss franc and US dollar are at par, and you can’t find a coin under 10 rappen in commerce. Equal to our dime.

 

We have a different term at my workplace for this - “legislation”.

 

In my opinion, post 2001 halves are not coins.

Sounds about right to me.

 

I can't possibly put enough 's on this post, so just assume about 10 quadrillion of them.

 

Thanks! I hadn’t heard of that one. Fits the bill.

 

Checked the definition of a coin in dictionaries from five different publishers, all included that they are to be used as money. The NIFC pieces are not intended to be used as money (although they could be) so by definition they are not coins. There is nothing wrong with collecting them if you want to, but I collect COINS. So for they aren't issued with the intent that they circulate as money I, personally, am not interested in them.

 

And they ARE so used, and THAT is the ONLY point that matters. Having to pay a fee for rolling and packaging them outside the banking system is a distinction without a meaningful difference.

"Intended" is horse manure. All that matters is "legal to be used as money".

 

That's the standard I grew up with, "Is it legal tender". I regularly spend the culls from these rolls, so I guess they're legal tender. Think about it, if coins are used in the future, many of these NIFC coins will be spent and circulate. History shows that NIFC coins are accepted and valued by coin collectors (i.e. classic commems, as well as many modern issues).

 

In past years, the Pennsylvania Turnpike Commission sure did take a whole bunch of them off MY hands, NIFC or IFC. By logical extension, we must now agree that while the P and D bags of ATB quarters ARE coins, because you CAN get them at face value, while the S bags and rolls somehow are not, because the mint never put them in the hands of the Federal Reserve. Wow, just wow! Too tortured a logic for me. I need logical consistency to NOT call "BS".

1) Does it have a denomination?
2) Is it LEGAL to use it to spend?

WHAM! Coin. By definition. Just because Conder101 doesn't like it, that does NOT lessen its status as a coin one iota. In fact, it MAY RAISE its appeal.

 

Your definition is somewhat lacking. Many types of tokens have denominations and can be spent within specific jurisdictions. What about when coins are demonetized? They are no longer legal to spend, so by your definition they are no longer coins.

 

3) It was issued by a government.

 

[Are we allowed to say "government" here? From day to day, I'm never quite sure.]

 

POW/emergency issue tokens are government issue and have denominations. They are legal to spend within specific jurisdictions. So those tokens are coins then? Also, what about demonetization? Is a demonetized coin still a coin?