Recycling the current supply of "large" Kennedy Halves and replacing them with small

The title of this post was going to be "Recycle the current 10 year supply of large Kennedy halves for a smaller "Famous Dogs Half Dollar Coin Act" series.

I know that this plan will most likely never go through, due to the billions of dollar coins in storage, but perhaps, if they take all of the Kennedy halves in their storage vaults, and melt them down, and make small thicker nonagon shped Famous Dogs halves, as I proposed, maybe there will be more storage space if they get rid of those huge clunky Kennedys and turn them into small half doggie dollars, maybe vendors would upgrade to take the new halves.

I am getting back into this discussion, because I had a few questions.

0. I may be opening my business next spring, and was thinking that, if I start making good money, I would like to hire a decent lobbyist group to fight for the Famous Dogs half dollar idea, a $1 and $2 bill redesign, and $200, $500, and $1,000 bills. I have read that lobbyists cost anywhere from $5,000 to $25,000 a month, but my father said the lobbyists would just lie to me for the money and say they are lobbying when they are not. How do I make sure something is getting done on the issues?

1. Do you think that, for the Famous Dogs Halves, I should appeal to the vending industry? It sure would cut down on trips to the quarter tubes. And the President of NAMA did mention possibly upgrading for a downsized half. (I know dollar coins would too, but that may be a pipe dream) Should the coins be copper in color, since they will be a lot bigger and thicker than a penny, and a polygon shape, for even easier ways to distinguish they two coins?

2. Do you think I should appeal to major banks and casinos for $200, $500, and $1,000 bills? Casinos should be a sure thing. Especially those high roller slots with the $500 and $1,000 ONE pull slot. $500 and $1,000 bills would be popular there, and they can also make a $200 ONE pull slot machine as well. Oh, and even though this is kind of futile, if I get in good with the casino industry, should I ask them about lobbying for the reissue of the $5,000 and $10,000 bills and issuance of a $2,000 bill as well? You can go through $10,000 pretty quickly in Vegas if you're not careful. I know I have said that $2,000, $5,000 and $10,000 bills should be issued around 2020, but even now, I can see use in a $10,000 bill. For exaple, there are houses in my area selling for $10,000-$15,000. Could you imagine that all you would have to do to buy that house is hand a bank one or two bills?! Thats insane! Cool, but insane! And no, I DO NOT support going for a larger denomination than $10,000, and would be very much satisfied with up to a $1,000 bill. Maybe if I'm still alive in 2050, I will lobby for $20,000, $50,000 and $100,000 bills. :devil:

Is there anyone I should appeal to for the redesign of the $1 and $2 bills? "Save the Greenback" or "Americans for George" maybe? Maybe they would like to see the $1 and $2 bills get a makeover, to send out a message that "The paper dollar is going no where fast".


But anyway, yeah. Why not melt down all Kennedy BIG halves, and recycle them into smaller halves, starting with a series (like the Famous Dogs Half Dollar Coin Act") on the new smaller halves to draw attention to them? Then put Kennedy's face back on the new, smaller halves, as if his image were never taken off the half dollar denomination.

 

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I think the current $ coin failed because they changed the size of it. In 1979 the SBA $ format was universally reviled because it looked too much like a quarter. People wouldn't use them. I think the people who made this decision forgot the appeal of the proportionality of the dime, quarter 1/2 and dollar and the connection to history that it gives many people. Successive attempts at a redesign into what now looks like a chuckey cheeze token for the $ haven't helped.

IMO, they should first figure out what caused the $ coin redesign to fail, before deciding to change any more of the currency. IMO, they should bring back the large $ format and introduce a $5 coin.

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I can't imagine any scenario where the US Treasury would think that printing a $1 and $2 bill specifically to remind people that fiat currency is nothing but confetti, is acceptable. They know it, but they don't want the people to know it. I do agree they should bring back some of the larger denominations. They have destroyed the currency so much that $100 isn't like it was when the change went into effect.

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Personally I would be against further changes to the currency and coinage to something that resembles monopoly money or something issued by a banana republic. The USA is the oldest constitutional government in the world. The currency should reflect that and keep the connection to that history. The silver dollar was used for the first 200 years of the country and the moment they changed it, 32 years ago, people dropped it. While the 1/2 has also mostly disappeared from circulation, I think it is more to do with the failure of the $ coin than anything else.

 

Its my opinon but i belive you are dreaming.

 

This is true.

Which explains why the nickel is a complete failure today and they should have stuck with the tiny half dime.

It failed because given a choice people would prefer to use paper. In order for the coin to succeed that choice has to be removed.

The only time a dollar coin freely circulated in this country was up until about 1850, and from 1794 to 1840 those dollar coins were spanish milled dollars because ours were undervalued during that period. After the weight reduction in 1840 they did circulated until 1850 when the rising value of silver with respect to gold made them worth more as metal than as money. During the 1840 to 1850 the dollar coins were preferred to paper because there was no federal paper, just banknotes of dubious value. Given a choice between a heavy silver coin and a paper note that might only be worth using as toilet paper they gladly took the coin. After 1850 the dollar coin was worth $1.04 in gold so every time you used one you lost 4% Naturally they didn't circulate. By the early 1870's the dollar coin could have circulated because the value of silver had fallen but by then there was a sound Federal paper currency that people felt they could trust . If the paper was accepted everywhere at par with the silver dollar why carry the heavy coin? That was the end of the dollar coin as a circulation coin. Almost all of the Morgan and Peace dollas were struck simply as backing for silver certificates and were never really intended to circulate. The Ikes never really circulated for the same reason as the 1870's dollars didn't, paper was more convenient. So the Dollar coin was not "dropped" 32 years ago, it was dropped 140 years ago when paper became more acceptable. Paper is still more acceptable so the only way to get the coin to circulate is to get rid of the paper.

 

Thank you for your opinions about my post. I'm not sure if that would be much help to the OP.

While this conversation wasn't about the $ coin vs $ bill, I do agree if the dollar bill were eliminated it would force people to use the $ coins they are making today. I don't think that will happen either.

 

I think you would have better luck pitching the "famous dogs" idea to the Canadian govt. They would be more willing to use those subjects than our us treasury would. Look at magnificent coinage they have had displaying wildlife.