I have heard that the US treasury has hundreds of thousands of susan anthony dollars in their vaults, and is pondering melting them down. Has anyone else heard anything about this?
I have'nt heard of this, where did you? But I must ask myself, why? Why melt a coppernickel dollar woth anout a nickel? Why waste the money to separate the clad layers after they've been melted? Sounds like a lot more hassel than it's worth, considering that they did indeed have stashes of SBAs locked away...
I read about in a book called Eyewitness: Money. The current melt value is $0.0664232 according to coinflation.com I do agree though on the 'why'. I wonder if I should start hoarding them?
They are carried on the books as an asset at $1 each. Melting them down would represent a loss to the government of 94 cents for each one melted. This would show up as another few hundred million dollars of deficit. Why would they do that?
Nonetheless, they do have plans for them should this bill pass - which I suspect is the source of the rumors. http://thomas.loc.gov/cgi-bin/query/z?c112:H.R.2977: Of course the chances of that bill passing are slim to none.
I always thought that they should just keep the SBA in circulation with the GD Prez and Sac bucks and maybe GD-brass-plate the SBAs to make them more distinguishible from a quarter. Hey, why not? Why waste a coin that is STILL in perfect condition for circulation? And if they can't GD--plate them, they should STILL keep them in circuation as is and people should get used to them and not mistake them for quarter, and they would probably slowly get culled from circulation by hoarders anyway. But I really do like the GD-brass-plating idea the best.
Maybe the Post Office needs the Anthonies. They were the reason for the 1999 issue. Also, if the small dollars ever become common in circulation, people will not mind using the Anthonies along with the Sacagaweas and Presidentials. I often spend small dollars and the cashiers do not seem to mind receiving any of the small dollars.
Exactly my point. Why waste perfectly good coins if small dollars become popular? People will get used to SBAs as the vending industry said that "Size was not the problem" for the SBA when it failed. It was the continued circulation of the $1 bill that killed the SBA ans is killing the Prez and Sac dollars. I've had a few issues where stores made big deals about taking Prez dollars, but one time, before the 2000 Sac came out, I was at a store with my grandma, and the cashier said to all of the customers in line "We need singles!" so I asked her "How about some SBAs?" and she said, "That'll work" and she quickly took them off my hands. I wonder how the customers behind me acted when they had to accept SBAs instead of $1 bills. Oh, and this might sound kind of dumb, but I actually wish that, since that are still making Sac along side the Prez dollars, I kind of wish they would have kept making SBAs as well and putting new designs on the back of them, and still keep them looking like quarters, because, I used to hate SBAs but later on fell in love with them, just like I like Ikes Sacs Prezes, halves and $2 bills.
