My Bank can't get $1 coins anymore.

Discussion in 'Coin Chat' started by adric22, Aug 1, 2012.

  1. Conder101

    Conder101 Numismatist

    They will be happy to give you any they have on hand, but they don't want to order any more to be shipped in.

    I don't think they had any problem with the early coins other than they had too much silver in them and so they were profitable to export. There weren't any dollar coins from 1803 to 1840 but I think the 1840 to 1849 dollars were probably popular. After all which would you rather have a heavy silver dollar of good value, or paper dollars of questionable value that might not be usable at all and if you can spend them it might only be at a discount. In that case give me the silver dollars every time.

    After about 1850 silver dollars would have declined in desirability because the metal in them was worth more than the face value so every time you spent one you were losing money. Then you had the Civil War which kept all gold and silver out of circulation. When the silver did return to circulation you now had paper currency backed by the Federal government that you knew were good for their face value everywhere. So these light weight paper dollars were preferred over the heavy silver dollars and that was how it has been since then.
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Jerry Reinert

    Jerry Reinert New Member

    They actually suspended the presidential dollar program back in 2011. I mean that you can go to your local coin merchant to see if they have some.
     
  4. C-B-D

    C-B-D Well-Known Member

    NECRO-POST!
     
  5. mikenoodle

    mikenoodle The Village Idiot Supporter

    and bad info as well!!!

    The program was never suspended. The way that banks acquired them changed, and the customer service that TomB mentioned has been eroding for years.

    Since just about the time that we bailed them out, IIRC
     
  6. Jerry Reinert

    Jerry Reinert New Member

  7. mikenoodle

    mikenoodle The Village Idiot Supporter

    the article states "production of Presidential Dollars for circulation has been suspended"

    That doesn't mean the program has been suspended, but that they stopped making them for circulation. They struck the coins up until 2016.
     
  8. Jerry Reinert

    Jerry Reinert New Member

    Don't say mub stuff is bad info
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    No, I'd say it's a typo.
     
  10. Jerry Reinert

    Jerry Reinert New Member

    *Don't say my information is bad. Is that better grammar? :dead:
     
  11. mikenoodle

    mikenoodle The Village Idiot Supporter

    would you prefer that I say it's incorrect???

    The Presidential Dollar program ran without interruption until 2016.

    This information that you gave is incorrect.
     
    -jeffB likes this.
  12. Conder101

    Conder101 Numismatist

    If you want completely correct

    The Presidential Dollar program ran without interruption until 2017.

    They did make Presidential dollars during 2016. :)
     
Draft saved Draft deleted

Share This Page