Another new dollar thread!!

Think outside the box...

 

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Samjimmy,that Canadian $3 medal-coin is a huge thing,but a square coin sounds like a good idea.The U.S. should issue a bimetal $5 coin like Zimbabwe did back in 2001 & 2002 (before hyperinflation drove them out of circulation,I must add!).

Aidan.

 

bigger

I would love to see a dollar coin the size of the morgan, and even silver clad would be great. but people have the perception now that the dollar is to large, if it were any larger they would really throw a fit. Most people don't realize the golden dollars are the same size as the Susan B that every body thought was a quarter. I find it amazing that a change in color and the average person thinks its a larger coin.
As for the coins circulating, other than bills still in use, the biggest problem I see is that cashiers don't want to give them in change. They won't even ask if you want them unless they know you are a collector. There would be a slightly better chance the dollar coins would be used if people actually got them in change instead of having to try and get them at the bank. How many people are actually going to do that. Again only collectors.
I like the presidential dollar concept partially becase I enjoy history. I just hope the program follows through so I can keep getting rolls from the banks. If I had to get them from the mint I would stop collecting them.
I also like the idea of the coins being cheaper in the long run to produce than bills. It would be nice to save a little of our tax money from time to time.

 

hip to be square

I kind of like the square coin Idea. that way the mint may be able to use silver if they wanted. Keep the size down and being square it would not be confused with another coin.:smile

 

Silver is pretty distinct. But the can always get rid of the cent nickle and dime

Ruben

 

Nobody yet has suggested the obvious so I will.
Make the dollars in the same composition as the present Pres/Sac's but much smaller,between the size of a nickel and quarter.People will be willing to carry them in their pockets and nobody will mistake them for other denominations because of the color.

 

I showed it to the people at work, and first comment someone said was, "Are they ever going to make a dollar that *isn't* the size of a quarter." I think more people realize it than you... realize ("Allow myself to introduce... myself?")

Golden 22.8 millimeters and problem solved? IMHO, no but... I'm still pusing for the square coin concept.

 

In order to accept a square coin, every vending machine, parking meter, coin sorter, etc. would have to be retrofitted, so that is not an option.

Maybe, just maybe, a decent-looking design would help. Hey, at the worst case, coin collectors will be happy. :rolling:

 

That's not necessarily true. Except for cheap coin sorters, it's the weight and electrical signature that marks a coin as genuine. There is no reason that a square coin couldn't be produced with the same weight as the current dollars, and the electrical signature is a function of the metallic content, not the shape.

 

what exactly is an electrical signature?

Ruben

 

It would take someone with far more technical knowledge than I possess to fully answer your question.

The short answer is that modern coin operated machines are designed to distinguish between real and fake coins in part by their electrical conductivity, which varies according to the percentages of various metals in their makeup. Sacs worked without any changes in the machines because the alloys used were carefully designed to match the signature of the SBAs. How do they do it? Beats me.