$2 bicentennial

Discussion in 'US Coins Forum' started by chevy, May 8, 2004.

  1. National dealer

    National dealer New Member

    I guess it depends on what you mean by standard? They still print the $2 bill. I have heard rumors of a possible redesign, but the BEP has not confirmed that. The $2 bill did see a lot more use when the purchasing power was greater. Like the Half dollar, it has gained the appeal of a collectible. Anytime one is encountered, someone snatches it up.
     
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  3. CohibaCris

    CohibaCris New Member

    I'm going to try and get my hands on a couple hundred dollars of $2 bills, and start using them in circulation.

    If we all did something similar, we could start the trend of more $2 bill collecting or circulations, one of the two.
     
  4. National dealer

    National dealer New Member

    Wasn't that the same logic used for the Sacagawea dollar?

    Just giving you a hard time :D
     
  5. CohibaCris

    CohibaCris New Member

    "You miss 100% of the shots you don't take" - Gretzky

    Right back 'atcha! :D
     
  6. National dealer

    National dealer New Member

    Well I agree with your way of thinking, but it just doesn't work. The Government spent 20 million dollars promoting the Sac dollar, along with releasing 100 million into circulation. Now the majority are sitting in Fed vaults. Once each person has seen one, nobody wants another.
    The $2 bill is a nolvelty these days. Putting them in circulation is nice, because it may inspire a new collector, but will never get it to circulate.

    I have had a heck of a time getting anyone to take a Susan B. Anthony dollar this week. I have heard many young cashiers say it was fake.

    Anyways, go with your idea. Pass out bills or older coins. Use it to inspire others and make friends.
     
  7. CohibaCris

    CohibaCris New Member

    But the dollar coin failed for a different reason; re: there was another circulating value in a more accepted format.

    Seriously, I stopped using Sacs for circulation after a retailer refused to accept the coins. I told him that he had to take the currency, and he told me he didn't and to get out of his store. I wonder how much of this acceptance issue is the retailer and not the consumer?

    I understand my efforts for the big picture are idealistic and futile, but that is what makes it fun! Plus your comment of inspiring others and making friends is so very true....

    Cris
     
  8. DrStrangelove

    DrStrangelove New Member

    This is a very good point. As someone who has worked a cash register, I can tell you people are very picky about what change you give them. I remember costomers (mostly little old ladies) refusing Sacs when they first came out. "What's this? Something new? I don't want that!"

    So, what happens is retailers stop giving Sacs as change because they don't want to waste time argueing with people. Until a retailer can give out a Sac with confidence that people will take it without a hastle, the coins just won't circ.

    BTW This is not a problem with Kennedy Halves. People know what they are and love them.
     
  9. National dealer

    National dealer New Member

    Well the congressmen that are pushing the new dollar have come up with the fact that the old Susan dollar was too mingled in with the Sacs for them to work. Their belief is if the mint will sort these coins and destroy all the old Susan's, the new dollar will work.
    The newest design (featuring Presidents) will be made in the same size and metal content as the Sac dollar.
    It is their belief that a better design will cause average Americans to circulate the coin.
    I have one more meeting with these gentlemen on Friday. I don't expect logical sense to apply.
     
  10. rbm86

    rbm86 Coin Hoarder

    OOOOOO!!!! Can't wait for the Warren Harding dollar. Perhaps they will commemerate the Teapot Dome scandal on the reverse!!
     
  11. National dealer

    National dealer New Member

    The interesting question will be which Cleveland dollar will be worth more. The one for his 22nd presidential term, or the one for the 24th presidential term.
    Since this is the only man to be elected on two non-consectutive terms, he will have two dollars.
     
  12. CohibaCris

    CohibaCris New Member

    How many people knew all of the states of the union before the USSQ program?

    How many people know all the presidents names from the US?

    This all sounds like education - I thought the mint made money! :D
     
  13. National dealer

    National dealer New Member

    Well the fun part,

    43 presidential terms with 42 men serving.

    This is not the Mints idea though. I can't remember the last thought that actually came out of the mint.
     
  14. CohibaCris

    CohibaCris New Member

    So do we know for sure that is the term they served and not just the man that will decide whether they end up on the coin?

    Cris
     
  15. National dealer

    National dealer New Member

    Well the topic at the meeting today was just that. A decision has not been made. The house of representatives is discussing one bill, while the senate has a simular bill they will be discussing in the next week or two.
     
  16. rbm86

    rbm86 Coin Hoarder

    Well they should at least change the metal to one that will not tarnish -- something with a nickel / steel alloy like Canada or Britain. I like the British one pound coin -- it is slightly larger than the nickel, but thick with a lettered edge. I have 1983 coin that is worn but still "white/gold" in color from the quality of the alloy.

    If we have to have the presidents, at least make the coins durable and attractive in appearance!!! Like this:
     

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  17. National dealer

    National dealer New Member

    Well no one in congress wants to change the metal content law at this point, or the size.

    They won't be happy until they run this failed dollar idea down our throats.
     
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