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<p>[QUOTE=&quot;PyrotekNX, post: 90011, member: 3918&quot;]The reason newer coins aren&#039;t taking off is because of inflation.&nbsp; The dollar is so weak that it has the buying power less than a penny 100 years ago.&nbsp; The early 20th and earlier coins were used every day and circulated.&nbsp; Paper money at the time really did not circulate like it does today.</p><p><br /></p><p>Paper money is not as durable as coins; therefore people preferred coins over notes.&nbsp; Bank notes were not issued directly by the federal government either, individual banks were issuing their own notes.&nbsp; When a bank went out of business, those notes became worthless.&nbsp; There was no such thing as the FDIC to protect you</p><p><br /></p><p>In the 1850&#039;s most coins contained precious metals and bank notes were loans on their gold and silver reserves.&nbsp; Only a fool would hold onto bank notes for a long time, it would be like holding onto your paycheck and not cashing it.</p><p><br /></p><p>In 1971, when Ike&#039;s came out, there wasn&#039;t a need for a dollar coin.&nbsp; Inflation was going through the roof.&nbsp; It was also too large to be popular and contained no silver.</p><p><br /></p><p>Fashion has a role in silver dollar popularity.&nbsp; Jeans were extremely popular when Ike&#039;s came out.&nbsp; Large coins simply do not meet the needs of the average person anymore.&nbsp;&nbsp; If you tried to carry around several Ike dollars with you, they would tear a hole in your pockets or pull your pants down.&nbsp; The half also failed partially because they were too cumbersome.</p><p><br /></p><p>Older wallets were designed to carry large size notes and coins.&nbsp; They were much larger and heavier than a modern day wallet.&nbsp; It would be would be stored in a leather sack instead of in a pants pocket.</p><p><br /></p><p>Pocketed pants were unpopular before jeans were invented.&nbsp; Pants were not strong enough to store coins before Levi Strauss introduced riveted pockets.&nbsp; Most people in the 18th and 19th century carried a knapsack or a haversack.&nbsp; </p><p><br /></p><p>Ike&#039;s did not fit the needs of most people and didn&#039;t become popular enough which is why they were discontinued.&nbsp; SBA&#039;s didn&#039;t take off because they were commonly confused with quarters.&nbsp; Golden dollars also didn&#039;t take off because they weren&#039;t circulated enough.[/QUOTE]</p><p><br /></p>

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