Are Merchants Not Accepting the $1 Coins?

It's a combination. Merchants dont get them much and when they do they put them aside and send them to the bank. They leave them to give out and they dont stock them for change they keep the bills for the change. But it's not like they get alot of them too.

Oh and no no one has ever rejected one from me either.

 

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I think merchants (and the public) view dollar coins the same as they do half dollar coins and two dollar bills. That is, as a nuisance!

I grew up behind a cash register and we put 50 cent pieces and foreign coins in one change compartment and never returned them to the public. Two dollar bills went under the change drawer and were also not returned to the public.

I have little doubt that dollar coins are now treated similarly by most merchants.

 

I agree with this part.

US Merchants bear the sole responsibility for insuring that one dollar coins circulate and until they start ordering them from US Banks for the purpose of using them as change in daiky transactions, the coins simply ill not circulate.

To consider anything else is just idle folly.

For clarification the term US merchants means United States merchants.

 

I'd be more than happy to use them....if I ever received any in change. Only twice since the first Sacs came out have I gotten one back as change. I won't go out of my way to get them, such as at a bank, though. But them, who goes to the bank for one's anyways, asides from collectors.
Guy~

 

I have not rec'd a presidential dollar in change yet. When will they ever learn that they must get rid of the paper dollar! Have you seen that you can get them at face value at www.usmint.gov click at the left shop online then $1 coin direct ship

 

the only time i've received one in change was when i noticed one in the drawer and asked for it. the cashier looked at me and asked if i was serious. when i said i was, she was more than happy to give it to me.

 

I seriously have to wonder if merchants are affraid of scaring off customers by offering $1 coins in change. I worked as a bartender at the local county fair this past year, and gave some of these out in change. I would say every person stopped and looked at what they got. Some to see if they were shortchanged (expecting paper dollars), others probably just didn't believe they actually circulated. One lady even gave me a "how dare you" look, so I asked her if she would rather have a paper dollar (she said no). I also give out half dollars in change to children, hoping to spark a coin collecting interest. Many times I see them showing it to their parents, as if it were a treasure. Call me strange, if you want!!!

 

I wish I would get ones in $1 coins. It would be faster for me because I wouldn't have to mess with my wallet.

 

I usually ask if they have any dollar coins to give me as change. Then i turn around and use most of them to buy little things. The guy at the gas station near my house loves when i come in he always see's me and tells me what he has. Its usually something like i have a few of the big silver ones and some small gold ones haha. But im happy to get them as i have gotten several silver dollars from him

 

I think many people would request a "real" paper dollar instead ( slowing things down), so the merchant says F*** it, puts it aside, and back to the bank.

Even real Morgan and peace dollars didn't circulate much ( I can see why). Ike dollars were even worse....big and not worth much.

JFK killed the half dollar.

We need the Canadian method, but I think without the $2 coin, $2 bills might work with no $1 bills in USA. $2 bills used to work like back in the 50's, plenty of worn ones exist.

These current dollar coins are NG with a paper dollar.

Actually coins and paper money won't hardly be needed at all as we regress into the future.

How about $100 as the biggest bill, when we had $1,000 bills decades ago ? Big brother doesn't want you to be able to move cash around.

The US gov't is absurd. They won't be happy until tens of billions of these glorified car wash tokens are sitting in vaults.

 

"JFK killed the half dollar."

How did JFK kill it?

 

The government killed the half. What little did circulate for the Franklin's were quickly swapped out for the new 64 JFK's. The President had not even been gone a full year before legislation passed to produce these so folks reacted by hoarding as much as they could. The coin market no doubt promoted these as being very collectible so folks simply responded. It did make sense. The net result was that the half dollar disappeared.

Throw the silver act on top of it and these were just never to be found much anymore.

I firmly believe that merchants need to start ordering and using the dollar coins but unfortunately, the only way to get change going is to actually force it by eliminating the dollar bill.

I believe that the current government stockpile is what will be used to replace the rag buck when they eventually do stop producing it. It may take another year or two but economically speaking, it will happen. There's already change in the wind for the US Treasury changing to possibly cheaper coinage metals so the paper dollar ain't that far behind.

Now, if you were a merchant that regularly ordered $1,000 in one's to cover your change transactions, how willing would you be to order only $500 with the balance in dollar coins? How willing would you be to chage your accounting procedures to facilitate using these coins?

Probably not very willing since change always costs overhead money in both improper change given out and different storage methods. It's not an easy task especially for large merchant organization like Target or WalMart. These folks deal in millions of dollars and $1,000 bills store way easier than 1,000 coins.

Change will occur but there's gonna be a lot of screaming going on at the same time. Once folks get used to the idea of dollar coins instead of dollar bills, things will settle back to normal.

 

When you talk about coinage vs paper, The conveinence factor comes in to
Effect, If you got to the store and buy $200 in groceries handing the clerk
Paper vs coin would most likely getting a couple bills rather then 200
$1 coins!!..LOL

 

19Lyds,
That was a good read. I agree that the bill has to be pulled first. But I think it needs to be like a band-aid and when you pull the $1 bill pull the cent and nickel too. The change drawers are already being moved around so for a logistics stand point it could be all done at once and there would be room in the safes for change and slots in the drawers for coins. But I'd even go one farther and produce a $500 bill. But I know they dont want that for smuggling/tax evasion/ect...
Still needed though.

 

....yeah, i guess eventually the public will start using the dollar coins, especially if that

is their only choice for ones. can you imagine other changes this will cause to happen?

how about special wallets and purses? these would have to be made larger and stronger

to carry the extra heavy coins. and let's not forget that banks will have to have their floors

reinforced to store all the extra weight of the coins that USED to store the much lighter

dollar bills! can we imagine? (insert tongue in cheek)