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  1. #1

    Why is the US Mint wasting money on so many new coin designs?

    From Yahoo! News:
    U.S. Mint to unveil presidential coins

    WASHINGTON - Can George Washington and Thomas Jefferson succeed where Susan B. Anthony and Sacajawea failed? The U.S. Mint is hoping America's presidents will win acceptance, finally, for the maligned dollar coin.

    The public will get the chance to decide starting in February when the first of the new coins, bearing the image of the first president, is introduced.

    Washington, John Adams, Thomas Jefferson and James Madison are scheduled to grace the coin in 2007, with a different president appearing every three months.

    The series will honor four different presidents per year, in the order they served in office. Each president will appear on only one coin, except for Grover Cleveland, who will be on two because he was the only president to serve nonconsecutive terms. To be depicted on a coin, a president must have been dead for at least two years.
    What's with this, and the ridiculous number of "variant" quarters for the fifty states? When has anyone ever refused to take a quarter with an eagle on the back, and insisted the cashier go through the entire roll to find Minnesota to complete a collection?

    And has the Mint ever considered that maybe the Sacajawea dollar had distribution problems, not problems with popularity? There was some incredibly strange deal where at first they were exclusive to Wal-Mart and the Post Office. Hmmm. Ever think that if you just release them like regular money and don't cancel them after a year (or was it two?), that maybe they can catch on?

    It's just a little irritating that my tax dollars are going to fund not only designs for these new coins, but the stupidity that's driving the whole thing.
    Tommy, close your eyes.

  2. #2
    Quote Originally Posted by El Chuxter View Post
    And has the Mint ever considered that maybe the Sacajawea dollar had distribution problems, not problems with popularity? There was some incredibly strange deal where at first they were exclusive to Wal-Mart and the Post Office. Hmmm. Ever think that if you just release them like regular money and don't cancel them after a year (or was it two?), that maybe they can catch on?

    It's just a little irritating that my tax dollars are going to fund not only designs for these new coins, but the stupidity that's driving the whole thing.
    Try mailing in your income tax payment COD to the IRS and pay it all with these new dollar coins.

    I think that much of the 1990s economic prosperity has affected the collectible market today, so the let's-make-multiple-comic-book-covers and let's-make-multiple-variants-of-action-figures ideas infect us to this day.

    But, all that said, I'm going to still collect one of each (not from Denver AND Philly's mints, just a single coin) 'cause I've always been a simple coin collector (find them in cirrculation [sp?] and keep them).
    "May the 4th be with you?" "Why yes, thank you for asking."

  3. #3
    Those Sac dollar coins still get head-scratchings when I use them as actual money, clerks often still don't recognize them, they're an odd man out in the money department. And they tarnish like a mofo, I have one on my desk I just picked up, it looks surprisingly bad after only 6 years. Plus, they're just not big enough.

    Those president coins seem kinda lame, nobody cares about most of the presidents between Jefferson and FDR these days (except Lincoln), and they're just not going to be big enough. Plus, it's going to be weird to have oversized portraits and text on the edge.
    Darth Vader is becoming the Mickey Mouse of Star Wars.

    "We named the dog 'Chewbacca'!"
    The use of a lightsaber does not make one a Jedi, it is the ability to not use it.

  4. #4
    the presidents are just another ploy (like the state quarters) to get people interested in coin collecting once again.

  5. #5
    I totally disagree with you one this Chux. I think the current US (not the State Quarters) coin designs are boring and dull. Pre WWI we had some of the best designs in the world. Post WWII, there's no comparison. I love what the State Quarters program has done. Quarters are exiting again. The nickel too. The Jefferson nickel is one of the most boring pieces out there. The Lewis and Clarke series really helped breath some life back in the nickel. If only the US Mint had the balls to keep improving it. In 2009 the penny is getting a much needed face lift. The dime and half dollar are also in need of help. I love the idea of a presidential dollar coin series.

    The problem with the Sacajawea coin was not distribution. It was hording. People would not spend them. Most folk thought that it was going to be like the Susan B. Anthony coin. It would make a splash and become very hard to find. Most banks have fair amount of Sacajaweas and you can get them if you ask for them.

    The other problem with people not spending them is vending machines. The only vending machine that I've seen that would take them is at the Post Office for stamps. This is a great idea, only the rest of the county won't follow suit. I've thought for a long time about this one. What the government needs to do is work with the casino industry and start making video poker machines that dollar coins. After 10 years or so kill the dollar bill. By then people should be use to a dollar coin, aren't hording them, and have no other chose.
    "I'm sick and tried of these motherfrakkking Sith on this motherfrakkker plane!"
    Mace Windu - Episode 2.5: Sith on a Plane

  6. #6
    Quote Originally Posted by JediTricks View Post
    Those Sac dollar coins still get head-scratchings when I use them as actual money, clerks often still don't recognize them, they're an odd man out in the money department.
    I used to give them to foreigners as change just for their priceless reactions. I didn't do it very often, since they're not something I usually have in the cash drawer, but everytime I did it, they would ask me if it is real money and all but accuse me of trying to rip them off. Ah, boredom. I should have realized the average American is dumb enough that I could have played that same game fairly often with them.
    Member 104 of the SWC forums . . . but it's good to be back.

    Good traders: DarkJedi5, jediguy, Jedi_Master_Guyute, jedimastergeorge06

  7. #7
    Why do coins that are worth very little need to be "exciting"?
    Tommy, close your eyes.

  8. #8
    Quote Originally Posted by El Chuxter View Post
    Why do coins that are worth very little need to be "exciting"?
    Why was Borat called the funniest movie of all time? Why did Stan Lee call Amazing Spiderman #7 a classic comic, on the cover itself (so said the mini comic reprint in this week's newspaper ads)? Why was Independence Day called this generation's Star Wars? Why was the NFL regular season matchup between QBs Eli and Peyton Manning so heavily advertised? Why do Ugly Betty and New Adventures of Old Christine get acclaim? Answer?

    Hype.

    It's all about hype. With less people using actually hold-in-your-hand money and leaning towards the credit and debit card variety, the Mint wants people to care. That's all I think it is. I've always liked collecting coins and will continue to do so as long as there's hard cash out there. I like the different looks, like LusiferSam.
    "May the 4th be with you?" "Why yes, thank you for asking."

  9. #9
    Quote Originally Posted by LusiferSam View Post
    Quarters are exiting again. The nickel too. The Jefferson nickel is one of the most boring pieces out there. The Lewis and Clarke series really helped breath some life back in the nickel.
    That's an interesting point, I have always been bored by the Jefferson nickel, and I downright HATE the new Jefferson in profile version, but the series in between were good.

    The problem with the Sacajawea coin was not distribution. It was hording. People would not spend them. Most folk thought that it was going to be like the Susan B. Anthony coin. It would make a splash and become very hard to find. Most banks have fair amount of Sacajaweas and you can get them if you ask for them.
    All the folks I know hate the Susie B.s, always did, it's too easy to get them confused with quarters.

    The other problem with people not spending them is vending machines. The only vending machine that I've seen that would take them is at the Post Office for stamps.
    Ironic since that's the only thing that gives them out here in my neighborhood.

    Quote Originally Posted by Bel-Cam Jos View Post
    Why did Stan Lee call Amazing Spiderman #7a classic comic, on the cover itself (so said the mini comic reprint in this week's newspaper ads)?
    Because Stan Lee is a shill. ASM #7 looks pretty lame, I just looked it up, Return of the Vulture - crappy "who cares" villain and the first time a villain returned, bfd. "Thanks for giving me your money, true believer! This very issue you hold in your hands is truly your No-Prize!"

    Why was Independence Day called this generation's Star Wars?
    I thought that was "Titan A.E." (yes, they really said it about Titan AE)
    Darth Vader is becoming the Mickey Mouse of Star Wars.

    "We named the dog 'Chewbacca'!"
    The use of a lightsaber does not make one a Jedi, it is the ability to not use it.

  10. #10
    Quote Originally Posted by JediTricks View Post
    nobody cares about most of the presidents between Jefferson and FDR these days (except Lincoln)
    What?! Rutherford B. Hayes is my homeboy.
    It's a blacked-out blur but I'm pretty sure it ruled.

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