Comments on: American Innovation $1 Coin Act Passes House

By: yorbasasa

yorbasasa — Tue, 23 Jan 2018 02:57:56 +0000

US Mint is belong to US Treasury Department, but USPS not. That why we type US MINT.gov.com . Coins have metal value , paper currency don’t have anything to support their value , just US MONTEREY SYSTEM to defend or support it. I feel coin are more better value . May be USA will return to gold and silver standard to support new currency crisis.

By: Munzen

Munzen — Sat, 20 Jan 2018 22:17:41 +0000

Seth – thanks for the update! I obviously missed that development. My guess though is that the new owners will be equally obdurate in opposing any modifications to our currency system, in order to maintain their monopoly and profits at taxpayer expense.

By: Joe Brown

Joe Brown — Sat, 20 Jan 2018 19:54:18 +0000

Lbrewer42 - Hi, you say in your blog that the the U.S. Mint is ''actually not an government organization''. What type of an organization is the U.S. Mint, and who owns the U.S. Mint, and where do they get their cash$$$$$$$ from to mint all these ''circulating'' golden dollars so they can ''hoard'' them at the expense of the U.S.* tax payers, and do you have an opinion on why our U.S. Federal Government* is stashing them away, what are they going to use them for, is there something ''we the people'' don't know ''YET''?, my curiosity has the best of me on this one, just the curios George i* am, if you wish to answer my ?, you would be very helpful, Thanks!, if not, may you* & yours* have a very good*+* new year.

By: Seth Riesling

Seth Riesling — Sat, 20 Jan 2018 05:58:08 +0000

Munzen –

Crane Company of company town Dalton, MA was sold in December for $800 million to another unrelated company after producing the 75% cotton, 25% linen material for USA banknotes for 140 years now! The family finally gave up the ghost & cashed in their poker chips!

-NumisdudeTX

By: Chuck

Chuck — Fri, 19 Jan 2018 19:41:53 +0000

Come on, Congressmen and Senators!!!
Most of the great people on this blog and you know that this proposal is all about the seigniorage the Government makes on each coin. The dollar coin cost less than twenty cents to produce which means that the Government makes over eighty cents profit per coin!! –
–WE DON”T NEED ANOTHER DOLLAR COIN—
How about eliminating the cent? 2019 would be a nice year to end its run!
There is a beautiful image of Abraham Lincoln that James Earl Fraser did for the Mint in 1952. This image would look great on a five dollar copper coin and Lincoln would still be on a coin. Think of the seigniorage from a couple of million of those!!!
Please, if five dollar coin comes to be, just put the date and mint mark on the face of the coin so I don’t need a loop to see it.

By: Munzen

Munzen — Fri, 19 Jan 2018 18:47:11 +0000

I agree with Daniel. This is a useless money-making scheme unless and until Congress gets the spine to stand up to the nay-sayers and Crane Paper’s lobbyists, something about as likely as flying purple pigs. Even though dollar coins work in almost every other major country on the planet, we’re too resistant to anything new or different to dump a bill that’s essentially the same since 1928 and wastes huge amounts to print and process.

Heck, if people insist on “foldin’ money”, get rid of the One but issue a modernized $2 bill at the same time. You’ll only ever get a single $1 coin in change and the BEP’s print load will be cut in half.

By: Mouse

Mouse — Fri, 19 Jan 2018 14:37:47 +0000

I believe our mints have a social responsibility to annually show case our country’s history and achievements. As a proud Canadian, take a look at my mint (RCM)…they pump out the coins annually like every year is the last year of coin production, so I fully agree and understand that enough is enough. Its not about quantity, its about quality. Take time to celebrate our country’s history, beauty and achievements, but give the market quality over quantity.

Mouse

By: Lbrewer42

Lbrewer42 — Fri, 19 Jan 2018 14:15:36 +0000

Never, and I repeat, NEVER in US history have people WANTED a dollar coin. Do the homework and find out this extends all the way back into the 1800s. I was surprised when homework taught me this was true even with Morgans.

What is the actual motivation behind these losing things. They wasted so many billions with the preseidential ones that are now in STORGAE at taxpayer erxpense. The SBA’s ended up as Balto. city subway tokens and also in storage.

The US mint is actually NOT a government organization – so how do they keep getting approval so they can make profits on this wasted effort?

And, of course, its gimmicky. The RCM has already tuned off Canadian collectors b/c its so gimmicky and produced so much excess per month now. We are headed in the same direction.

Maybe president Trump will have enough sense to veto this insanity.

By: lonnie

lonnie — Fri, 19 Jan 2018 01:42:41 +0000

u.s. mint, if you are listening—-please don’t do this.

By: Jp

Jp — Thu, 18 Jan 2018 23:15:06 +0000

I agree.
I’m not up for another round of useless $1 coins. Just another gimmick to make the Mint some MO $$ MONEY $$