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I think halves should be a part of the U.S. Mint's Direct Ship Program, don't you?
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<p>[QUOTE="Gregorivs, post: 1134949, member: 29961"]This thread evolved from "Let's add half dollars to the US Mint's direct ship program" to "Let's redesign our system of circulating coinage." Both topics are interesting.</p><p><br /></p><p>I am actually a frequent user of the direct ship program for the dollar coins. I buy anywhere from $250 to $1000 a month depending on how quickly I use them. I get them both because I set aside a few of each type, and sometimes can't find each type at my banks (Buchanan, Fillmore, and Lincoln of all people never made it to the banks I use) and because it is easier to get dollar coins this way than to special order them at my bank. </p><p><br /></p><p>I would be strongly in favor of adding half dollars to the direct ship program. The same logic seems to apply to them as to the dollar coins. They do not circulate and are not readily available at banks. Consumers who wish to use them simply are not given that option without making a special request at their local bank. The economics would seem to work as well. The mint can make $200 worth of halves for something like $60. Add $10 postage and they still net out $130 in profit for the general fund.</p><p><br /></p><p>As to coinage, my thoughts are this:</p><p><br /></p><p>- the dollar coin is fine. The color is good, people will accept it if you just get rid of the dollar bill.</p><p>- Cents are useless and should be discontinued.</p><p>- The same is true of nickels</p><p>- and dimes (When was the last time you bought anything for a dime?)</p><p>- Half dollars really are big and clunky for how little they are worth</p><p>- So are quarters</p><p><br /></p><p>So:</p><p><br /></p><p>- Get rid of the cent, nickel, and dime</p><p>- Stop making dollar bills</p><p>- Use the golden dollars</p><p>- add a golden half and a golden quarter</p><p>- add a silver colored or bimetallic $2 coin</p><p><br /></p><p>That plan is intended to optimize the usefulness of the coinage in circulation. Having done all that, I will add my collector oriented desires. Add a $5, $10, and $20 coin. They don't really need to circulate, but would provide space for more interesting designs and ever more commemorative series. Since no bank would stock them, they would have to be part of the direct ship program as well. Also, with a face value of $10 or $20, they could reasonably be as large as a silver dollar.[/QUOTE]</p><p><br /></p>
[QUOTE="Gregorivs, post: 1134949, member: 29961"]This thread evolved from "Let's add half dollars to the US Mint's direct ship program" to "Let's redesign our system of circulating coinage." Both topics are interesting. I am actually a frequent user of the direct ship program for the dollar coins. I buy anywhere from $250 to $1000 a month depending on how quickly I use them. I get them both because I set aside a few of each type, and sometimes can't find each type at my banks (Buchanan, Fillmore, and Lincoln of all people never made it to the banks I use) and because it is easier to get dollar coins this way than to special order them at my bank. I would be strongly in favor of adding half dollars to the direct ship program. The same logic seems to apply to them as to the dollar coins. They do not circulate and are not readily available at banks. Consumers who wish to use them simply are not given that option without making a special request at their local bank. The economics would seem to work as well. The mint can make $200 worth of halves for something like $60. Add $10 postage and they still net out $130 in profit for the general fund. As to coinage, my thoughts are this: - the dollar coin is fine. The color is good, people will accept it if you just get rid of the dollar bill. - Cents are useless and should be discontinued. - The same is true of nickels - and dimes (When was the last time you bought anything for a dime?) - Half dollars really are big and clunky for how little they are worth - So are quarters So: - Get rid of the cent, nickel, and dime - Stop making dollar bills - Use the golden dollars - add a golden half and a golden quarter - add a silver colored or bimetallic $2 coin That plan is intended to optimize the usefulness of the coinage in circulation. Having done all that, I will add my collector oriented desires. Add a $5, $10, and $20 coin. They don't really need to circulate, but would provide space for more interesting designs and ever more commemorative series. Since no bank would stock them, they would have to be part of the direct ship program as well. Also, with a face value of $10 or $20, they could reasonably be as large as a silver dollar.[/QUOTE]
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I think halves should be a part of the U.S. Mint's Direct Ship Program, don't you?
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