The State Of The Dollar Coin

So you have been told:whistle:

 

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True but I consider advertising as being sending your message out to people where they are, not having it at your location where they won't see it unless they have already come to you.

If they give out dollar coins, the patrons don't have dollar bills to tuck into the girls "costume" so they may have to use a higher denomination. Trying to get them to use fives might be more difficult though and may result in a reduction in income fo the girls, so I would expect them to hand out twos as well as dollar coins. Tucking a two instead of a one would probably not be objectionable to most patrons, and if the bar handed out twos the patrons would have them readily available. Also if the patrons don't want their dollar coins, they would be more likely to use them for another drink at the bar to get rid of them before they left. So by handing out dollar coins and twos they may actually increase the amount of spending by the patrons.

 

And, paraphrasing Breed . . . this, of course, is not based on first hand experience . . . . :whistle:

 

I hope not. That would make things worse. Such large coins are heavy, bulky, and unwieldy. People don't like to carry 'em, and banks don't like the extra shipping cost.

The Silver Dollar holds a very special place in our consciousness, like some legend of the Wild West. We have this image of John Wayne sliding a cartwheel down the bar for a bottle of red-eye.

But the truth is silver dollars were not all that popular, even in the old days.

One can see this in the mintage numbers. The Mint stopped making S$1s entirely in 1804 and didn't resume regular issue until 1840. In the meantime, they were cranking out millions and millions of half dollars and large cents - the workhorses of commerce.

We stopped in 1873. When we resumed in 1878, it was mainly to prop up the price of silver after discovery of the Comstock Lode.

Again, we stopped in 1935 and didn't start again until 1971. The resumption was done not for commerce, but to honor Dwight Eisenhower.

One of the reasons silver dollars were unpopular in the old days was their weight and bulkiness. For large amounts of money, it's better to carry gold - 16x the "dollar density" relative to silver.



(Side note: I still remember the act of Congress to create the Ike dollar. The vote was almost unanimous. Yes, that's right... these two parties actually agreed on something, and worked together ! Sounds crazy, I know...)

 

...and also at the post office.

 

That blows the mind!! Make the dollar coin bigger, To much cofusion with
The quarter!!

 

They could have used the bigger, original size if they had decided to be a bit more creative. There is no good reason that they couldn't have made them out of aluminum. Other countries have been using aluminum for decades, at least the 1920s.

If the argument could be made about it then being too light, they could clad them with nickel like they clad the dimes, quarters and halfs. Perhaps the nickel and the aluminum wouldn't chemically work like copper and nickel do, I don't really know about that. But I am sure they could come up with something.

As for people complaining about them being too heavy, you can't really take that. People will complain about everything and anything.

I carry an Ike, a handfull of half dollars and a 2 dollar bill with me at all times. I actually leave the halves as tips. I can't afford to leave dollars as tips right now. Hopefully soon I will, now I just have to see if I can get the dollar coins from the bank.

 

How do you know? I'm single, no steady girlfriend, and no kids to support.

You hear that a lot. Where are all these gold colored quarters these folks are confusing the dollar coins with? (The argument made some sense back in 1979, but even then it was easy to tell them apart if you just looked at them, and almost as easy by touch.)