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What will replace the Presidential Dollar?
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<p>[QUOTE="chascat, post: 2569096, member: 76792"]100 years ago our currency and coin was fairly stable. Some still wanted to own gold instead or currency, so gold coins were commonly used. In today,s world the gold and silver coin is not practical because of constant changing values, therefore currency is the norm and coin is simply a fractional part of currency. Neither are guaranteed to be of any specific value, so they can circulate without any ties to current PM values. We already have Kennedy halves and small dollar coins which can circulate but don,t. Retail stores and banks don,t want them around, they,re heavy to carry around, and completely not necessary for commerce. When the small dollar coins came about, the govt. thought they could take the place of dollar bills, but no one really wants a pocket full of coins when a few bucks will do the job. A few of the dollar coins are still used in vending machines, but even those now mostly accept bills. There is simply no current use for large denomination coins in our daily commerce. If any would be produced in the future, they would be only for numismatic purposes.[/QUOTE]</p><p><br /></p>
[QUOTE="chascat, post: 2569096, member: 76792"]100 years ago our currency and coin was fairly stable. Some still wanted to own gold instead or currency, so gold coins were commonly used. In today,s world the gold and silver coin is not practical because of constant changing values, therefore currency is the norm and coin is simply a fractional part of currency. Neither are guaranteed to be of any specific value, so they can circulate without any ties to current PM values. We already have Kennedy halves and small dollar coins which can circulate but don,t. Retail stores and banks don,t want them around, they,re heavy to carry around, and completely not necessary for commerce. When the small dollar coins came about, the govt. thought they could take the place of dollar bills, but no one really wants a pocket full of coins when a few bucks will do the job. A few of the dollar coins are still used in vending machines, but even those now mostly accept bills. There is simply no current use for large denomination coins in our daily commerce. If any would be produced in the future, they would be only for numismatic purposes.[/QUOTE]
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