Comments on: S.94 Seeks to End Presidential $1 Coins

By: Fred

Fred — Wed, 03 Apr 2013 02:00:12 +0000

The Presidential Dollars should be continued only if those that buy the coin rolls in bulk (in order to introduce the currency to the public) once again can buy them at face value without excessive delivery costs.
I stopped collecting when I realized that I only collect 4 from the box of rolls I order, and instead of paying face value, I was sacrificing $1.11 approx to waste each time that I introduced each dollar to the public.
I would continue to collect if the government reinstated their former policy of face value cost per box as before.

By: Lee

Lee — Wed, 13 Feb 2013 02:26:28 +0000

Mr. Vitter comes into my retail store at least once a month….I can’t wait to give him his change in Presidential coins and ask about S.94!!!!

By: Mike

Mike — Tue, 12 Feb 2013 19:15:13 +0000

RonnieBGood quoted “A pocket full of coins from Canada won’t cause you to lose your pants.” Maybe its time more young men started wearing belts. 😉

By: jim

jim — Tue, 12 Feb 2013 13:47:11 +0000

Rolling coins is a hassle, both coming and going. If I got a pile of coins I’d go to the local casino and let them count the coins and give me bills in return – for free. But I don’t get piles of coins anymore; I as much as possible use a credit card and get at least 1% cash back on every purchase I make.

By: george glazener

george glazener — Tue, 12 Feb 2013 13:33:02 +0000

@Vachon;
Sadly, you’re right. And yet if they just took the time to sit down at the kitchen table every 2-3 months and roll all their change, they could walk into a bank and come back out with $30 – $40 dollars in cold hard cash. It amazes me that some people toss all their coins into those conversion machines in the supermarket lobby and come away with 75-80% of the face value because it’s fast and convenient. Coins DO have value, even pennies, but only if you’re willing to give them the time & effort required. Oh well, I’m old school I guess.

By: Vachon

Vachon — Tue, 12 Feb 2013 12:14:51 +0000

If our coins actually had purchasing power, they wouldn’t be hoarded in pockets and jars the way they are now. The monetary system we use now is far too precise for our daily transactional needs. If all coins below the quarter-dollar would stop being produced and all bills below $20 terminated and replaced with $2, $5, and $10 coins, the coins would have significant purchasing power and do what they were intended to do which is circulate. People wouldn’t hoard such coins because it would be too costly to do so.

Almost no one alive actually remembers when coins had significant purchasing power. We would think differently about our coins if they did. I work as a cashier and I hear it from the youth. They view coins as nuisances. My favorite reaction thus far has been, “Just give me the bills. I don’t want the coins: they’re not real money.”

By: Kevin

Kevin — Tue, 12 Feb 2013 05:05:56 +0000

‘Honey, I’m home! Hey, look at the great deal I got! Im so thrifty and so smart, I saved $38.50. Of course to save $38.50, I had to spend an extra $17,000 that we didn’t have but let’s not talk about that!’
-Uncle Sam

By: george glazener

george glazener — Mon, 11 Feb 2013 20:13:45 +0000

By the way Ronnie, speaking of asteroids, did you hear over the weekend on CNN; they were talking about the asteroid that’s going to skirt by the earth on the 15th, some “news” babe actually asked the question “could this asteroid possibly be related to global warming?” Unbelievable…

By: RonnieBGood

RonnieBGood — Mon, 11 Feb 2013 20:08:37 +0000

Tired of the ones that don’t get it.
George does. Keep the truth.

FYI the 2 billion in red ink for the post office was in 2011. For 2012 it was close to 16 billion. Getting rid of Saturday delivery will not solve their problems. The issues stem from US law requirements to ship to every corner of the USA. Competing companies ship the cheapest hub and then have the US post office ship it the remaining distance. There are many remote areas in the US i.e. remote villages by plane only in Alaska. Prices are held far too low to recoup their costs and the red ink flows.

Not knocking the Post Office. It’s not their fault. It’s the way our society is evolving. This is also true with minted and printed currency. There is plenty of currency that has been minted over the last 200 + years to support any temporary internet down time (including the change in the jar by the bed). Has the internet gone down yet for any length of time in any disaster, human or by nature? This costs them too much. Or perhaps an asteroid will send all of the satellites and telephone cables crashing down at once.

Sorry guys. Will stick to coins in the future.

By: george glazener

george glazener — Mon, 11 Feb 2013 15:57:25 +0000

He already is, sort of. The 2012 Native American dollar coin has an image of a horse’s ass on it