A collecting forum. CollectingBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » CollectingBanter forum » Collecting newsgroups » Paper Money
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Bank teller tells me that dollar bill WILL be replaced by Golden Dollar coin!



 
 
Thread Tools Display Modes
  #31  
Old June 1st 05, 09:06 PM
Bob
external usenet poster
 
Posts: n/a
Default

"shreadvector" wrote in message
oups.com...
False.

The Golden Dollar coin (as well as the SBA) circulates more than any
other dollar coin EVER in US history. Silver dollars and the later
Eisenhower dollars never circulated like the SBA and the GD. Nowhere
close. The Ike was mainly used in slot machines. You could *not* buy a
candy bar from a vending machine or make a phone call using an Ike.

You personally may not see them, but they are out there and
circulating.

As for those calling the GD a "failure", well what is your success
criteria? Was a goal published by the Treasury? Was a goal part of the
law that established these coins? No. They were designed to circulate
along with dollar bills and it was expected they would circulate more
heavily in their own 'realm' - car washes, vending machines, parking,
mass transit, etc.

Some of us had personal goals and desires that the GD replace the
dollar bill completely, but the government *never* stated that and it
was never a government goal. if it was, they would simply stop issuing
dollar bills and *poof* the dollar coin would replace the dollar bill.
just like the Canadian dollar coin, the Australian dollar coin, the
Euro coin, etc.

Why wait until 2015? Let's do it now.

-Fred Shecter

http://search.ebay.com/_W0QQfgtpZ1QQ...shreadv ector


I have relatives who are cashiers and vending machine attendants and they
NEVER see dollar coins. They are in different parts of the USA too. Where
are they circulating?



Ads
  #32  
Old June 1st 05, 09:18 PM
shreadvector
external usenet poster
 
Posts: n/a
Default

They will circulate in areas where you have one or more of the
following:
* Transit system that has a fare machine that gives dollar coins in
change for large bills.
* USPS vending machines that give dollar coins as change for large
bills.
* People who go to their bank and insist that they order dollar coins
for them. Then they get the dollar coins and they spend them.
* University and business parking lots/garages that use dollar coins as
change for large bills from machines. (Then the universities or
businesses might get a bunch cycled through their food and drink
vending machines).
* Areas with self service car washes or laundromats where they have a
change machine to break $20 into dollar coins for use in the machines.

For instance, in Los Angeles we have all of the above, and there are
some dollar coins circulating. Some= some number of millions. Very tiny
compared to the rag dollars being used, but they still circulate.

  #33  
Old June 1st 05, 09:20 PM
shreadvector
external usenet poster
 
Posts: n/a
Default

They will circulate in areas where you have one or more of the
following:
* Transit system that has a fare machine that gives dollar coins in
change for large bills.
* USPS vending machines that give dollar coins as change for large
bills.
* People who go to their bank and insist that they order dollar coins
for them. Then they get the dollar coins and they spend them.
* University and business parking lots/garages that use dollar coins as
change for large bills from machines. (Then the universities or
businesses might get a bunch cycled through their food and drink
vending machines).
* Areas with self service car washes or laundromats where they have a
change machine to break $20 into dollar coins for use in the machines.

For instance, in Los Angeles we have all of the above, and there are
some dollar coins circulating. Some= some number of millions. Very tiny
compared to the rag dollars being used, but they still circulate.

  #34  
Old June 1st 05, 09:34 PM
shreadvector
external usenet poster
 
Posts: n/a
Default

By the way, do the vending machines have stickers on them indicating
that customers can use the Golden Dollar? Are the coin slots adjusted
open larger than a quarter to allow dollar coins to be inserted? Many
older machines were set to block anything larger than a quarter from
entering and they often had the micro rocker switch set to "$ NO
ACCEPT" instead of "$ ACCEPT".

Why don't the vending machines have 4 coin tubes to accommodate 5c,
10c, 25c and $1 coins and have a bill validator set to accept $2, $5,
$10, and $20 bills and give change in dollar coins? That would help and
probably increase sales quite a bit. How many folks walk away from a
vending machine without making a purchase because all they had was a
$20 they got from the ATM????

  #35  
Old June 1st 05, 11:10 PM
Tony Clayton
external usenet poster
 
Posts: n/a
Default

In a recent message "James Silverton" wrote:

tanner520 wrote on 1 Jun 2005 06:10:52 -0700:

t Just look at the historical track record of dollar coins and
t their popularity with the public, all
t Morgan/Peace/Eisenhower sized dollar coins were used and
t popular and all SBA/Sack sized dollar coins were ignored.
t Size does matter. The mass public likes big dollar coins.

That's a massive generalization and also untrue :-) I remember
the damned big silver dollars they used in the West in the 60s
and 70s and you can keep them! In fact, a lot of people don't
use coins any more than they must these days. For myself, I only
start my day with quarters in my pocket since I need them for
parking meters.


James Silverton.


If parking meters were modified to take only dollar coins
the dollar coins would soon be very popular (even if the Parking
authority was not!)

--
Tony Clayton
Coins of the UK :
http://www.coinsoftheuk.info
Sent using RISCOS on an Acorn Strong Arm RiscPC
.... On the other hand..you have five different fingers
  #36  
Old June 1st 05, 11:12 PM
Tony Clayton
external usenet poster
 
Posts: n/a
Default

In a recent message "tanner520" wrote:

Think whatever you want about circulation vs popularity for the dollar
coins like the SBA and Sack. Circulation was not my point and
irrelevant to this thread. Popularity and "winning over the public so
we can get rid of the dollar bill" was my point. In order to win the
hearts of John Q. there will need to be something better in his mind
than his beloved and coveted paper dollar bill.

Generalization? Of course we're talking in generalizations. That still
doesn't change what I said. The perseption of the public overall is
that we don't have a dollar coin currently. Need proof? Take an Ike
and a Sack silver dollar in each hand and come up to a regular Joe/Jane
and ask them which, if any, is real. 80% of the people will only say
the Ike only. Hell, most people still ask me "Is that a real coin?"
when I spend Sacks. We all know the looks you get.


Then they are clearly in need of education!



--
Tony Clayton
Coins of the UK :
http://www.coinsoftheuk.info
Sent using RISCOS on an Acorn Strong Arm RiscPC
.... Eventually land east of San Andreas fault will fall into the Atlantic.
  #37  
Old June 1st 05, 11:49 PM
James Silverton
external usenet poster
 
Posts: n/a
Default

Tony wrote on Wed, 01 Jun 2005 23:10:40 +0100:

?? tanner520 wrote on 1 Jun 2005 06:10:52 -0700:
??
t Just look at the historical track record of dollar coins
t and their popularity with the public,
t all Morgan/Peace/Eisenhower sized dollar coins were used
t and popular and all SBA/Sack sized dollar coins were
t ignored. Size does matter. The mass public likes big
t dollar coins.
??
?? That's a massive generalization and also untrue :-) I
?? remember the damned big silver dollars they used in the
?? West in the 60s and 70s and you can keep them! In fact, a
?? lot of people don't use coins any more than they must
?? these days. For myself, I only start my day with quarters
?? in my pocket since I need them for parking meters.
??
?? James Silverton.

TC If parking meters were modified to take only dollar coins
TC the dollar coins would soon be very popular (even if the
TC Parking authority was not!)

Not a bad idea at all since I usually find myself buying about
an hour's parking time (75 cents around here). However, the
opportunity to feed up the remaining time to an hour would be
lost. I'm sure the city would love the extra take!

James Silverton.

  #38  
Old June 2nd 05, 01:03 AM
Vector
external usenet poster
 
Posts: n/a
Default

On Wed, 01 Jun 2005 19:37:03 GMT, "note.boy"
said:

Small but thick is the way to go. Similar to the US president in fact.


Maybe composed of lead, then it would be dense like him. And, give it
an outrageously oversized portrait too, to match his fat head.

  #39  
Old June 2nd 05, 01:25 AM
Bruce Remick
external usenet poster
 
Posts: n/a
Default



"shreadvector" wrote in message
ups.com...
By the way, do the vending machines have stickers on them indicating
that customers can use the Golden Dollar? Are the coin slots adjusted
open larger than a quarter to allow dollar coins to be inserted? Many
older machines were set to block anything larger than a quarter from
entering and they often had the micro rocker switch set to "$ NO
ACCEPT" instead of "$ ACCEPT".

Why don't the vending machines have 4 coin tubes to accommodate 5c,
10c, 25c and $1 coins and have a bill validator set to accept $2, $5,
$10, and $20 bills and give change in dollar coins? That would help and
probably increase sales quite a bit. How many folks walk away from a
vending machine without making a purchase because all they had was a
$20 they got from the ATM????


How many folks walk up to a vending machine and can dig a dollar coin out of
their pocket? I'd bet you could stop ten people on the street and none would
have a dollar coin on them, whereas at least two thirds would have at least one
dollar bill crisp enough to be fed accepted in a vending machine. (No fair
doing it multiple times. I'm not that daring.) I still can't see these dollar
coins as anything more than Mint-produced tokens, if the only public place they
seem to be found is in some coin-op machines.

Bruce





  #40  
Old June 2nd 05, 04:12 AM
Dave Allured
external usenet poster
 
Posts: n/a
Default

Bob wrote:

I have relatives who are cashiers and vending machine attendants and they
NEVER see dollar coins. They are in different parts of the USA too. Where
are they circulating?


One of the many institutional barriers to circulating the golden dollar
is that most businesses deliberately choose to never offer dollar coins
in change. This is their legal choice, but it is contrary to the coin's
promotion as well as their own cost of business. Another barrier is
vending machine attendants who fail to make simple switch settings and
slot changes (as Fred described) to allow customers to use dollar coins.

Both of these changes can be done in friendly ways that still leave
customers the choice of NOT using or accepting dollar coins. So, are
any of your relatives in these industries doing anything to help remove
these barriers?

--Dave
 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank teller tells me that dollar bill WILL be replaced by Golden Dollar coin! Fred Shecter Coins 127 August 25th 05 01:40 PM
I got 2001-D Golden Dollar Mint Bag from my bank! shreadvector Coins 19 February 8th 05 08:35 PM
HUGE LIST PART II! 66% to 75% OFF BOOK VALUE Rose Hockey 0 December 28th 03 03:49 PM
Romancing the Bank teller, Part II frank wight Coins 2 November 14th 03 06:41 PM
Coin Talk Needs You Peter T Davis Coins 51 September 16th 03 01:19 AM


All times are GMT +1. The time now is 12:24 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 CollectingBanter.
The comments are property of their posters.