I don't understand why the Mint put's the date & mint mark on the edge

I'm talking about the Sacagawea dollar & Presidential dollars. The ONLY people that buy these are collectors. Collectors put them in albums. Now, the only way someone can be sure they are in the correct places is to take them out & check them. I also feel that Sacagawea dollars & Presidential dollars are a waste of the governments time & money. Same hold true with the Anthony dollar. Part of the reason this country is where it is today, in the hole a trillion+ dollars.

 

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Because there's no were else to put it

Jazz

 

because the mint hire or hear those people which are not coin collectors.

 

If it was that good we'd be in great shape! They said today that they anticipate the deficit will be more than that..................... this year!

 

i bet they thought the obverse and reverse would look smoother and nicer without all the info on it. I think that it was a waste of money. I am not a fan of the presidential dollars, although i think that the statue of liberty on a coin is a good idea.

 

they put the 2009 sac date and mm on the EDGE? There was room on the front and has been for 8 years.

 

the sac and prez dollars were only collected by the collectors. the mint have to produce what collectors like. not what the designer like. or else these dollar coins will be buried again.

 

then why are they doing this when they know collectors DON"T like it?

 

okay this has to be the biggest surprise thread

 

Reward's & Mishaps

PCGS put out a $10,000.00 reward for the 1st Sac with a letter edge. I still think that was an inside job coin was found buy a son of an employee of the Denver mint as I recall.

But now all the planchetts are the same less likelihood of the God less Dollar.
I know there will be error still but to pug up one hole in there system may help????

 

the only lousy and different from the edges on new coins is that the mint punches the edge so lightly and so thin lettering. and also uses mass production method. thus producing ugly result. or else the foreign edge coins were so beautiful.

other remark:
1. always put larger date and mint mark on the reverse or obverse..
2. use one dollar instead of 1 dollar.
3. use united states of america instead of u.s.a. (some commem dollar used it).
4. edge lettering should be clear and big. deep and artistic.
5. for dollar coin. the size should be smaller than the current dollar.
6. for dollar coin. the weight should be lighter than the current dollar.
7. avoid using so many wording on the obverse and reverse.
8. use very small lettering such as (1945-1949). or (8th president). those were not so important for the coins. for me. just omit those.

 

The mint was trying to do everything they could to generate interest in these coins. I personally like the idea, something different and "throw-back" to the past. Now, if we could only get people to use them.

 

The coin was not designed to be sold to collectors, it was designed to circulate. It was thought to get as much of the wording off of the coins as possible so the design could be made lager and bolder.

And GD is right, everyone LOVED the idea back when it was proposed.

They are afraid people, especially non english speakers, won't understand the words but they think they will understand the number. Let's cater to the lowest common denominator.

While several olympic commems have used USA they have ALL also used United States of America. (The reason the commems used USA was because they wanted to use the olympic rings as part of the design pf the 1984 olympic dollar and the international olympic committee would not allow it unless they put the USA there as well because the rings are a trademark of the IOC. If we used it without the initials we would have had to pay the IOC royalties on every coin. Oddly enough on later olympic coins they were used without having to pay royalties.)

Why, the size s fine as it is.

That's why the date and mintmark are on the edge now.

Yet the Spanish 8 reales did circulate. Why? No paper money. Why didn't the dollar coin of that era circulate? Because it was undervalued. It contained more silver than the 8 reales coin of the same value. Grishams law worked and the underweight coins, 8 reales, drove the overweight coins out of circulation. The dollar coins have never worked because there has always been some reason. Either they were undervalued, or later because paper money which was more convenient was available.

 

Interesting. I'm not familiar with this theory. Do you have a link to the source? I'd think they would want more silver in the coin, not less.

I'll tell you something though. If they released the ASE as a $20 coin I bet it would get reasonable circulation. Perhaps not as much as the $20 bill, but quite a bit of circulation.

Ruben

 

BTW - I hated the new Sac design proposal from the very start.

Ruben

 

I like elaine's comments for the most part. I like the dollar coin idea. . . and I find a buck coin easier to spend than pulling out a wallet, leafing through it, extracting the bill, etc. The unmilled edge and the thickness make it easier to pick out of your pocket.

I'm not so keen on the Sacagawea concept, but it does hearken to the old mythological figure for the American continent, which was/is an Indian Princess.

The tone of the gold does make it look like funny money, though.

 

I read on about.com that the mint made 4.6 billion dollars the first 6 years of the State Quarter program.

The mint is making a killing off most denominations of coins. Below is some information I found on about.com regarding cost of minting per coin for the Mint.

Penny - 1.26 cents
Nickel - 7.7 cents
Dime - 4 cents
Quarter - 10 cents
Dollar (Coins) - 16 cents

Even though they are taking a loss on pennies and nickels, they are making a killing on the dollars. They make 84 cents on circulating grade dollars. Now do the math for Uncirculated dollars, and proofs. Four presidents a year, three mints, satin finish, plus errors and etc etc, multiply that by 10 years? By the end of the program, I wouldn't be surprised if they pulled what theyre doing with the quarter program with the territories additions. We will get presidential nanny, butler, caretakers, and wait... what about the pets? Why not they did the spouse gold and medals?

I think with the State Quarter program, they realized the potential for profit in these programs. This explains all the different denominational programs they have been coming up since then, nickels, dollars, next year pennies.

I personally think it's gotten way out of hand. There is just too many varieties of coins to keep up with, unless you have deep deep pockets. The presidential dollar program alone will reap profits in the trillion dollar range for the Mint. Of course this is good because it will be funneled back into our system, but with as much debt we've incurred recently, that's a drop in the bucket.

 

The mint is not a business and profits are just an accounting feature that generates no wealth.

Ruben