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QOTW: Why do people hate the dollar coin?
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<p>[QUOTE="clembo, post: 641886, member: 8033"]Now THAT would be interesting! LOL</p><p><br /></p><p><br /></p><p>NOW.</p><p><br /></p><p>Although not a fan of dollar coins there are a few reasons.</p><p><br /></p><p>For starters people hoard them because they are not informed. I see this at the shop on a VERY regular basis. People come in to sell coins and they bring in Sacagaweas and Presidentials. Some are absolutely convinced there is actually gold in these dollars.</p><p><br /></p><p>Next is a point I've brought up in the past. Where does a cashier put these? Not really a slot for them any more than there is a slot for a $2 note (another "rarity" that is hoarded).</p><p><br /></p><p>Finally, in order to make them really circulate we'd have to get rid of the $1 note. As a paper money guy I'd hate to see this but it's the only way it will work.</p><p><br /></p><p>I could go on but I'm getting tired. Bottom line is we haven't had a circulating dollar coin in quite some time. They're minted, they're "rare" therefore they don't circulate. Warped logic but true.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 641886, member: 8033"]Now THAT would be interesting! LOL NOW. Although not a fan of dollar coins there are a few reasons. For starters people hoard them because they are not informed. I see this at the shop on a VERY regular basis. People come in to sell coins and they bring in Sacagaweas and Presidentials. Some are absolutely convinced there is actually gold in these dollars. Next is a point I've brought up in the past. Where does a cashier put these? Not really a slot for them any more than there is a slot for a $2 note (another "rarity" that is hoarded). Finally, in order to make them really circulate we'd have to get rid of the $1 note. As a paper money guy I'd hate to see this but it's the only way it will work. I could go on but I'm getting tired. Bottom line is we haven't had a circulating dollar coin in quite some time. They're minted, they're "rare" therefore they don't circulate. Warped logic but true.[/QUOTE]
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