Uncirculated $1 coins?

Discussion in 'Coin Chat' started by Jimm, Jun 10, 2020.

  1. Blasty

    Blasty .900 Fine

    My biggest complaint with the current dollar coin is that it is physically too large for what it's worth. I'd love to see dollar coins (and even $2 and/or $5 coins) in lieu of notes, but not if I have to carry a heavy pocket full because they're set on using that large cent / $10 gold piece size.

    I spent some time on business in Japan earlier this year, I needed to constantly remind myself to use the coins in my pocket instead of just letting them pile up like usual. Their two highest-value coins are analogous to $1 and $5, and are roughly close to quarter- and (modern) dollar-size respectively.

    So, 1. they have coins of value and physical size to make them useful in daily commerce, we don't, and 2. they also don't issue any notes that compete with the coins, we do.

    As much as I'm an American patriot, I'd like to see us disconnect from the old sizes and take examples from other countries' coins. Then again I'm one of the diminishing number of people in the US who prefers to use cash.
     
    Jeffjay likes this.
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  3. ja59

    ja59 Missing the Beach just not as much as ...

    I believe the last Canadian dollar bill (series 1973) was printed in 1989 (31 years ago). The Loonie coin was first minted in 1987 (33 years ago). As I recall the Loonie was not very well liked at first. It wasn't until 2 years later when the dollar bill was stopped that people began using / liking the dollar coin.
     
    Last edited: Jun 10, 2020
  4. john65999

    john65999 Well-Known Member

    Americans do not want a 1 dollar coin..period!!!
     
    Collecting Nut likes this.
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not at all!!!
     
    john65999 likes this.
  6. VistaCruiser69

    VistaCruiser69 Well-Known Member

    When I was a little kid, I loved the Eisenhower silver dollar. It was great big and on the reverse had the moon on it. That may have been what sparked my interest in astronomy at a very young age.
     
  7. VistaCruiser69

    VistaCruiser69 Well-Known Member

    I'm not so sure the 1 yen coin is too useful other than for tax purposes. During the years I was living there, depending on the exchange rate, it took roughly 2 yen to make 1 US cent, and remembering how expensive it was to live in Japan, 1 yen coins were just a waste, except to use for the tax when you buy something. The 500 yen coin is nearly the size of a US half dollar, just a hair smaller (if memory serves me correctly).

    Notice in Japan how you never get old damaged, defaced, weathered, etc. Japanese currency in your change, ever. First the vast majority of Japanese don't purposely deface their currency. Second, if there is any currency which is damaged, they (banks & financial institutions) remove it from circulation ASAP. I think it may have something to do with the pride and honor they have for their country. Not sure exactly.

    Just did a quick Google search and this is what turned up in regards to bills in Japan. What a great idea, to clean and sanitize paper currency in ATM machines. This may be the new thing in America because of the coronavirus situation.

    https://www.washingtonpost.com/arch...lean-up/d9c92d3f-e225-408a-8cac-b6a5d26f7d64/
     
    Last edited: Jun 11, 2020
  8. ewomack

    ewomack 魚の下着 Supporter

    Polymer bills have also changed the landscape quite a bit. Canada, the UK and other countries now circulate them and they last quite a bit longer than paper (at least, after they worked out some bugs - early Canadian issues apparently melted in higher heat). But if the problem in the US is the paper lobby as mentioned previously, then this innovation won't matter, either. Yet, given the repeated failure of dollar coins in the US, the public would probably accept polymer bills over more dollar coins. Since the mint overall turns a profit each year, apparently one of the few government agencies that do, Congress probably has larger issues to tackle than the configuration of circulating money. If true, that doesn't bode well for any drastic changes anytime soon. The underlying problem in the US, one that many other counties don't have to deal with, is the tight connection of the mint with the legislature.
     
  9. Blasty

    Blasty .900 Fine

    VistaCruiser69-

    I did notice in the first couple days that I wasn't getting many heavily folded notes. I also assumed it was a matter of respect, so in my best efforts to assimilate I made it a point not to fold them myself. I also paid attention to how people carried notes and saw them mostly using wallets where they lay flat.

    While there, I gave myself a mission to assemble a set of all current denominations of coins and notes to bring home. I had no problem pulling beautiful crisp notes from circulation.
     
  10. john65999

    john65999 Well-Known Member

    it is a little cumbersome at the strip club. lol and if no $ bills, next is 5.00, that is way too much to tuck in a g string
     
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    I don't go to those places but I hadn't thought of that. Another good reason to avoid them.
     
  12. Conder101

    Conder101 Numismatist

    They do make $2 bills you know.
     
  13. bugi1976

    bugi1976 Member

    In Canada they throw coins - but not to the head of the girl.

    Been to Diamonds in Edmonton once with girlfriend and saw that there - after the dance one guy picks up the coins with a magnet as the coins used to be made of bronce plated nickel
     
  14. Mike Thornton

    Mike Thornton Well-Known Member

    Don' forget the $2 bill. Curious, can one get Covid-9 from a G-string?
     
  15. Mike Thornton

    Mike Thornton Well-Known Member

    Who remembers, the early 1970's when copper prices were spiking and the mint experimented with other metals, including aluminum. There was a call to eliminate the Cent all together. I recall strong push back from the public, primarily retailers, on how do you conduct cash business? Would prices become rounded to the nickel? Who took the loss, customer or retailer? Then the novel idea, of placing a large jar of "Penny (cent) Candy" by the counter. If the customer didn't like the rounding, they could take a piece of candy, or two, or three to make up the difference. Another belly flop. Can you imagine the money that could be saved if the government didn't mint Cents? I had to go back to 2015 to find mintage numbers on cents. Philly produced 4,691,300,000 and Denver produced 4,674,000,000 Zincolns.
     
  16. VistaCruiser69

    VistaCruiser69 Well-Known Member

    LOL, you don't say.....

    Well, I've been to "places" while serving in the military, and they didn't have any problems taking coins as well as bills.
     
  17. VistaCruiser69

    VistaCruiser69 Well-Known Member

    I lived in Japan for 5 1/2 years. And during that entire time, not once did I get a torn, defaced, worn out, etc. bill or coin as part of my change.

    Also the 500 yen bill was in circulation at that time, there wasn't a 500 yen coin yet. I lived there from 1986 until 1991. When the Emperor died in '89, one of the big changes that I saw in the economy was tax. In the very beginning right after the Emperor died, of taxing money spent, it was 3 yen for every 100 yen.
     
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