New US Dollar Coins - What's the problem?

So what? This is OUR country...not that of some other nationality. And the general public of THIS country DOES NOT WANT A DOLLAR COIN! NEVER HAS--STILL DOESN'T.

 

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So you’ve spoken to them all? All we’ve established is that YOU don’t and I do. And I want a $2 coin and a $5 coin too.

Want a third world country? Keep a third world currency system.

 

You are aware aren't you that "die" in this particular interpretation of Caesar's musings at the crossing of the Rubicon refers to the singular of "dice" and has nothing whatsoever to do with casting, striking, engraving dies, and a dozen other misinterpretations, right?

 

Indeed.

 

If you pay attention, that IS my main shtick.

 

The $2 and $5 coins work in Canada because they eliminated the $1 note. (and the $2). They would work here, except the US is resistant to stop printing Washingtons. The $2 bill we don't use or need and just causes headaches.
A practical thing to do along with eliminating the 1 and 2 dollar bills,
is to start printing 500 and 1000 dollar bills again.

 

That’s counter to world trends also. High denomination notes are being eliminated. Tax compliance.

Re: the coins, the closest currency to par with the U.S. dollar right now is the Swiss Franc. Their notes have started at 10 francs for DECADES. Five dollars / five francs has been a coin denomination like forever.

 

How about reusing some old pattern designs? That'd be neat.

 

When the SBA dollar first came out in 1979, the $2 bill was promoted almost as vigorously as a replacement for the $1 bill as was the SBA. I can remember posters hanging in post offices showing the SBA and the $2 bill side by side and proclaiming them to be a winning combination as a replacement for the $1 bill.

 

If you stopped printing the $1 bill then there would be a demand for dollar coins.
The reasons I like the $500 and $1000 bills, is inflation, it's not worth as much as it was in the old days. And, for certain transactions, it's easier to just carry around 1 or 2 bills instead of a cigar box full of 20's.
But people aren't using cash anymore anyway.
I try and keep cash circulating.

 

And it would be if they stopped producing one dollar notes.

But how often do you buy anything for $500 or $1000 in Cash? And why not just use a check or credit card?

 

Used cars are prob the only thing to buy/sell for thousands in cash. But if you go to a casino do you want to walk out with a fist full of bills and attract attention?

 

I would imagine if you cashed out and they owed you a large sum like that they would cut you a check. After all too large an amout and you are going to have to fill out paperwork and either have taxes taken out or the IRS notified and the casino is going to want proof they paid you that money due to their reporting requirements

Used cars can also be purchased with checks or credit cards (at least from dealers). A sale from a private citizen might result in an insistance on cash But even then a certified check deposited at the sellers bank I would think would be more common.

 

We do want a dollar coin just one thats not complete garbage.

 

Always bought and sold with people, (cars) always cash on both ends.
I had a friend who bought and sold some BMW's and one customer was able to stop payment on a certified check. Cash only.
You can still win up to a certain amount in a casino without paying taxes/ reporting to the IRS that could be paid with a couple of $500 bills.

 

Trust me, if the coin was your only choice you would take it if it had a pile of poop pictured on it.

 

Couldn't leave alone could ya. Had to raise that hand didnt you. Well glad ya did

 

My grandbabies got them all. And love them

 

God. Some guy just don't get it.

 

I don’t understand why a 1 dollar coin is light years better then a 1 dollar note. I’ve heard lots of discussion about how to make a 1 dollar coin circulate, but almost nothing about why it would be better. Remember that not everyone collects and loves coins as much as us. Just because we want something, doesn’t mean the American people do. These coins aren’t the way to make dollar coins a thing. Unless these coins come at face shipped, no one will be interested. Some will have the proof versions from their yearly set purchase and, some will get suckered in by HSN, and a few might buy the one from their state or of an invention that is near to their heart. And that’s about it. It will go down as a failure and we’ll get something else.