New Presidential $1 Coins are certainly a hit with many collectors, but their acceptance elsewhere since they were first introduced in 2007 has been slow.
Frightening slow… and very similar to previous failed attempts at thrusting dollar coins into the publics hands.
Like the Susan B. Anthony and Sacagawea golden dollars, Presidential $1 coins face a daunting and nearly impossible task of competing with the one dollar bill.
Making his mark with unique business card
San Antonio, TX – A San Antonio man is trying his hand at the (b) billion-dollar business card industry. Veteran real estate broker Norman Schaefer’s eye-catching business card with a shiny dollar coin attached to it reads,“Save this and you’ll never be broke.”
Schaefer, a commercial real estate broker who has dabbled in local politics on the city and county levels, has registered his special business card design with the United States Copyright Office. The founder of Schaefer Real Estate in San Antonio says he hopes his idea will catch on.
The surging Canadian dollar known as the loonie struck many headlines throughout 2007 and now it gets at least one more - the selection by Time magazine as the Canadian Newsmaker of 2007.
The loonie started the year at 87 cents US and hit a peak on November at $1.10. Most notable for the loonie, however, was Sept. 20, 2007 when it struck parity with the US dollar for the first time in nearly 31 years.
Imports were cheaper for Canadians due to the rise. However, a large percentage of Canadian exports enter the US, resulting in painful constraints in sectors like manufacturing.
Two firsts meet — Australia’s very first coin and its very first million dollar coin — at the Coinworks Dollars & Dumps Exhibition in Melbourne.
The Australian Proof 1930 Penny is valued at more than one million dollars. Alongside the penny, and not to be short-changed by much in comparative uniqueness, if at all, is the first Australian coin, the 1788 Holey Dollar.
These two coins have been described as iconic. It’s easy to see why. The Proof 1930 Penny, 1778 Holey Dollar and several other rare coins make up an over $4 million presentation from Coinworks. That presentation can be viewed through November 30.
The time, effort and expense of counterfeiting one dollar coins just doesn’t make sense.
It’s easy to at least understand a criminal’s motivation in counterfeiting rare and valuable coins. But the incentive to forge a daily and common circulating coin? It defies logic.
Yet, that’s exactly what happened with a New Zealand dollar coin. And there’s currently an investigation into counterfeit U.S. Presidential $1 coins, although it would boggle the mind if those were verified as fake.
The U.S. case has been covered and, so far, nothing is new. However, the New Zealand story is intriguing, although brief in detail.
