Comments on: American Innovation $1 Coin Act Introduced in Senate

By: Munzen

Munzen — Wed, 28 Jun 2017 02:59:30 +0000

Emran Q Ismail, Tom Thumb: Based on the experiences of many other countries, fixing the Dollar Bill Problem will require much wider use of the $2 bill (or better yet a new and districtive $2 coin) rather than using $1 coins alone. With both, you need at most two coins to make change for dollar amounts less than $5. Without a $2 denomination, up to four $1 coins are needed and the naysayers’ “pocketful of dollar coins” scenario becomes reality.

There are strange historical reasons* that $2 bills are barely used in this country and that’s been the case for so long it’s easy to forget about the “deuce”. That said, the US is pretty much alone in having a decimal currency system without an actively-circulating $2 coin/bill.

* See “19th-century use of $2 bills at racetracks and brothels”

By: Tom Thumb

Tom Thumb — Tue, 27 Jun 2017 19:49:08 +0000

no no no stop the madness, first they need to authorize money to build a storage facility to store them. The presidential dollar storage facility is probably full. only mint them if they stop printing one & two dollar bills.

By: JAN Fox

JAN Fox — Tue, 27 Jun 2017 16:23:04 +0000

Congress doesn’t get it…more coins to end up in storage…USMint in decline…I’m buying bullion issues from world mints like Canada & Australia.interesting designs plus lower mintages… Up

By: jim

jim — Sun, 25 Jun 2017 04:12:22 +0000

At least with the presidential $1 they ended up minting enough for collectors only. That’s no real public consumption but not over producing and filling up vault space either. Even with a new Treasury Sec. we can hope the minting won’t go overboard.

By: Michael

Michael — Sat, 24 Jun 2017 23:13:49 +0000

The newly 50 state quarters are horrible and the current dollar issue coins. Now this what the hell are these people thinking ? Coins should be Simplistic with excellent composition to convey the nature of America and the nature of being an American, and last but not least made from a real precious metal such as silver the way coins are suppose to be made out of according to the Constitution……..

By: Emran Q Ismail

Emran Q Ismail — Sat, 24 Jun 2017 20:34:28 +0000

We need to replace $1 and $2 dollar bills with dollar coins

By: Munzen

Munzen — Sat, 24 Jun 2017 16:45:11 +0000

A supply in search of demand, IMHO.

Jim: I agree completely. Stop the wasteful paper dollar, crank up production of $2 bills (with a modernized design, let’s hope), and use the billions of coins that have already been minted.

MY F: The legislation specifically prohibits depicting any person on the coins. And while I agree that the presidential dollars were underwhelming the fault isn’t fully on the Mint’s shoulders. The fact that Congress is in the back pocket of Crane Paper (and the zinc lobby for the cent) has a lot to do with our antiquated system.

By: M YF

M YF — Sat, 24 Jun 2017 00:43:11 +0000

I see an awfully great amount of politically correct subjects being featured and many obsolete people being “honoured” in this series. I also do not like the idea of living persons being portrayed on American coins. The USM could not generate the needed level of interest in the US presidents, I cannot see this subject/series taking off at all.

By: a Bob

a Bob — Fri, 23 Jun 2017 23:24:31 +0000

Pass. The Native American coins are plenty.
I would like to see a state flora and fauna program for the next go around of quarters.

By: Seth Riesling

Seth Riesling — Fri, 23 Jun 2017 22:18:17 +0000

If this legislation passes both houses of Congress, l hope Trump will veto it. The last thing we need is another $1 coin series that will not circulate!

-NumisDudeTx