Comments on: Production of Circulating Presidential $1 Coins Halted

By: Mike

Mike — Fri, 02 Mar 2012 22:14:34 +0000

It is unbelievable how little common sense our government has.
After reading all of these posts, all that I can see is that the citizens of this great country has more common sense than the government.
I say, fire all of them. Let them see how hard it is to support a family and make ends meet without being paid their salary for life, open expense account, free healthcare, free flights, on and on and on.
Now where is the money actually being wasted.
Government; get your heads out of your butts

By: Munze

Munze — Mon, 19 Dec 2011 22:26:32 +0000

/* The most common complaint I heard was that the dollar coin was too similar in size to quarters. */
A complete canard. People who haven’t seen/used the “golden” dollars are relying on their memories of the admittedly disastrous SBA. If coins are different in color, design, and edge there’s little chance of confusion. The brain compares relative sizes, not absolute (you can look it up) and the $1 coin and quarter have about the same size ratio as pennies and dimes; when was the last time anyone confused _them_? Plus the Canadian quarter and Loonie are essentially identical to their US counterparts in size and color, yet millions of Canadians use them without problems. EU coins are very similar in size too, but again they have different colors and edges so no confusion there either. Why can 500+ million Canadians and Europeans adapt, but not us Americans?

/* And go figure…. The half dollar is much bigger than the dollar. */
That’s ‘cuz for all other denominations we’re still wedded to the same sizes as 150 years ago. It took the failure of the Ike dollar for the Mint to finally realize that a new coin didn’t have to be backwards-compatible for a century and a half, but they never downsized the half at the same time. Heck, they screwed up the half once before by leaving silver in it during ’65-’69, so what’s wrong with another fail or two??

Britain, Australia, and the EU resized their coins without difficulty. Nobody there is flummoxed by, e.g. a €1 coin that’s smaller than a 50 e-cent piece, or an A$2 coin that’s 1/3 the size of an A20¢ coin. It all comes down to being willing to adapt. It took 30 years and oceans of counterfeits to convince Congress and the BEP to make each paper bill a different color. Remember “American money HAS to be green!” ? But guess what, once people had them in hand and discovered that the world wasn’t coming to an end, NO PROBLEMS.

(Now, about that silly little business of wasting hundreds of billions a year by measuring things in multiples of 12, 16, 5280, etc. instead of by tens …)

By: Mike

Mike — Mon, 19 Dec 2011 17:27:27 +0000

Ok, let me understand this. You have 1.4 billion in vaults that are not moving. Why not stop printing $1 bills FIRST and meet demand for $1 denomination with the coins you already have in stock. That seems like the way to produce savings!

By: george glazener

george glazener — Mon, 19 Dec 2011 15:21:36 +0000

Gobble up those Garfield rolls boys & girls….!
The last of a good thing should be a good collectible years down the road.

By: bill

bill — Mon, 19 Dec 2011 03:35:07 +0000

Looks like I will be spending the P and D rolls I have for each pres.

Hmmmmm What to do with $1000. Canadian bullion it is! In a vote of no confidence in our govt.

Im sure the price for these dollar coins will double, giving the collector one more thrust up the wazoo!

By: Kevin

Kevin — Sun, 18 Dec 2011 06:53:11 +0000

The only way the public was ever going to adopt the 1$ coin would be by force. The most common complaint I heard was that the dollar coin was too similar in size to quarters. And go figure…. The half dollar is much bigger than the dollar.

Susan B. Anthony coin was a flop too.

Saving $50M is for show.

By: MrBill F1

MrBill F1 — Sat, 17 Dec 2011 17:24:49 +0000

Stop making paper dollar bills.

If they really want to ‘save’ money – stop making pennies that cost more to produce than their actually worth!

This administration is going to make money obsolete – just hand it all out and go away!

By: Makoto

Makoto — Sat, 17 Dec 2011 04:25:16 +0000

Thinking of cutting the whole Presidential Coin Program?!?!?!?!?!?!?! Its just wrong!!!

By: george glazener

george glazener — Fri, 16 Dec 2011 02:38:08 +0000

What a crock this is. If king barry and his consort michelle antoinette would just fly coach with their own damn money every time they felt the need to waste ours, not to mention queen nancy’s weekly round-trip to and from DC, we could keep both the $1 FRN AND the bloody dollar coins. And tax cheat timmy geitner is trying to stop govt. waste?…what a hypocrite!

Chester Arthur, Warren G. Harding or even James Buchanan were better Presidents on their worst days than the charlatan we have now. At least jimmy carter can feel good now that he’s no longer the worst President in American history. God bless America and Merry Christmas coin collectors.

By: Munze

Munze — Fri, 16 Dec 2011 01:19:25 +0000

Let’s see … we’re gonna save about $50 million a year by making a dumb-*** decision that will cost $750 million a year in return.

If the gummint is too stupid to do this simple math no wonder we have crumbling bridges, crappy health insurance, trains slower than in the 1920s, kids who can’t read….

Welcome to the third world, folks.