1969 IKE dollar failed design

Discussion in 'Coin Chat' started by Walter1969, Jun 6, 2018.

  1. Walter1969

    Walter1969 New Member

    What if the US mint decided to use the 1969 IKE dollar design instead of the 1971 issue design, do you think the IKE dollar would have lasted a few years longer? 152829926416481272.jpeg
     
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  3. baseball21

    baseball21 Well-Known Member

    I like the design they chose better than the peace dollar reverse. I really dislike when they reuse designs
     
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  4. Clawcoins

    Clawcoins Damaging Coins Daily

    I lIKE the Peace Dollar design myself.
     
  5. Conder101

    Conder101 Numismatist

    No.
     
  6. Santinidollar

    Santinidollar Supporter! Supporter

    The public has resoundingly rejected the dollar coin.
     
  7. Jeepfreak81

    Jeepfreak81 Well-Known Member

    It didn't fail due to the design. As @Santinidollar stated above, the dollar coin has just never been well received by the public. One could argue that the Ike's size was a factor but the Susan B did no better. Then again, that was almost quarter sized, possibly causing confusion. I don't think the design has much to do with it in this case though, IMHO. BTW, I love Peace dollars but I also don't like to see designs reused on other coins.
     
  8. Walter1969

    Walter1969 New Member

    I think if they issued a circulating silver dollar during the early to mid 1960's they would have had better luck with the silver dollar, during the 1960's casinos were demanding new silver dollars but as time went on they started to make their own dollar tokens so silver dollars were no longer needed by the time the IKE dollar came out.
     
  9. Conder101

    Conder101 Numismatist

    Why would issuing silver dollars in the mid 60's have made a difference? at the time there were all the Morgan and peace dollars you wanted available at the banks up until around 1967 or 68 and no one wanted them. The ONLY reason people suddenly started wanting them was because they had more than dollars worth of silver in them. It was like getting free money. If they had started putting out clad Peace dollars in 1965 they would have just sat in the vaults just like the Ikes and SBA's did. The only time in US history when a US silver dollar was practical was between 1840 and 1850.
     
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  10. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    If the Apollo program had been a failure, you wouldn't have seen that reverse that we did.
     
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  11. Prez2

    Prez2 Well-Known Member

    I'd say yes for sure. Much more eye appealing with your version (in my opinion).
     
  12. Michael K

    Michael K Well-Known Member

    No. Pointless coin. It's a giant coin, heavy, bulky and cumbersome. Which can't be used in parking meters, vending machines and pay phones of the day. (Not sure about tolls, but probably not.) Are you going to keep 3 or 4 of these behemoths rattling around in your pocket to buy lunch? It's illogical and uncomfortable.
    No one wanted this coin instead of a dollar bill. Destined to fail.
    The smaller dollar coins are easier to carry, but unless they get rid of the dollar bill they aren't going to see a great deal of commerce.
     
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  13. dcarr

    dcarr Mint-Master

    Yes. I dislike one-dollar bills.
    Everyone should be using the small dollar coins instead of bills but the general public is too stupefied to notice what is going on.

    Dollar bills are issued by the Federal Reserve (a privately-owned banking cartel).
    Dollar coins are issued by the US Treasury.
     
  14. Michael K

    Michael K Well-Known Member

    Personally, I wouldn't mind carrying some small dollar coins, I was talking about the difference in carrying Eisenhowers compared to dollar bills.
    As for the Federal Reserve being a privately owned banking cartel, the net says that is incorrect.
    https://www.federalreserve.gov/faqs/about_14986.htm

     
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well... Thing is folks just prefer folding money. Whatever you choose to label the Fed (cartel?? Really?)..... They gave us every opportunity to use a dollar coin and we rejected it. The average Joe simply prefers folding money. Simple as that.
     
    Last edited: Jun 8, 2018
  16. dcarr

    dcarr Mint-Master

    Well, that is the Federal Reserve website after all.

    From that website:
    "Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund."

    "Different" or not, it says it right there - the Federal Reserve System (the district banks) are owned by the stockholders, which are certain large commercial banks. This Federal Reserve stock is not publicly traded, therefor it is "privately owned".

    The Federal Reserve pays out 6% of its profits to the stockholders.

    And it is quite beneficial for these owners (such as Goldman Sachs) to have an inside view of the Federal Reserve. I'm sure they profit quite handsomely from the information they are party to. And in situations when somebody like AIG owes a bunch of money to Goldman Sachs and AIG is about to go bankrupt, Goldman Sachs can make sure that AIG gets bailed out by the Federal Reserve (at our expense) so that Goldman Sachs can get paid.
     
    Last edited: Jun 7, 2018
  17. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Not to mention it's a highly politicized statement, and untrue to boot.
     
  18. JCro57

    JCro57 Making Errors Great Again

    They copied the reverse of the SBA for the Ike dollars. Very dumb. Maybe if the reverse for Ikes showed the D-Day invasion it would have been better. The reverse of both is dumb. An eagle can't survive in space, and couldn't fly to the moon it it could survive. And what did SBA have to do with pushing the space program as Eisenhower and Kennedy did? Another dumb move.
     
  19. baseball21

    baseball21 Well-Known Member

    Other way around. It's a great reverse at least
     
  20. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    You do realize it's basically a copy of the Apollo 11 mission patch, right? I remember that era as if it were yesterday. The Apollo program was as neat a thing as humans ever did.
     
    Last edited: Jun 8, 2018
  21. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    By the way, y'all, if you think you've learned anything about the Federal Reserve from this garbage tome:

    upload_2018-6-8_13-26-49.jpeg

    Think again. It's basically inflammatory lies written by a John Birch Society propagandist. Hearing it spoken highly of on AM talk stations only confirms its worthlessness.
     
    Last edited: Jun 8, 2018
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