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#11
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My Washington Dollar Experience
Thank you for your negative post driven by your pre-determined negative attitude. Now for
reality: Every bank that has gotten them has sold out in no time. I spoke with several tellers yesterday by phone and one in person. They all say the same thing: The los Angeles area did not get enough in the initial shipment and the bank branches are getting them as fast as they can. They can re-order more and when they arrive they will be shipped. They say the customer reaction is overwhelmingly positive and the tellers love them as well. The teller I talked to in person yesterday (who sold me the last 2 rolls in the branch), volunteered a whole bunch of info assuming I did not know this info already: dollar bills wear out in about 15 months and coins last 30 years and the government wants everyone to start using the dollar coin to save tax money. I told her "cool - great idea - keep ordering more boxes". -Fred Shecter -- """Remove "zorch" from address (2 places) to reply. http://www.sirius.com/ "Bruce Remick" wrote in message ... "Fred Shecter" wrote in message ... I printed the 8.5 x 14 "Mailer" and gave it to bank tellers in late January and early February. I think it helped. http://www.usmint.gov/downloads/mint...ams/Mailer.pdf I'll bet that bank tellers are really excited over the prospect of handling more of those dollar coins, mostly for collectors and curious customers. Contributing to public education about our history is not their job. Once the novelty wears of in a year or so, the coins will likely be unwelcomed millstones around the bankers' necks. It will be so much easier to make up excuses as to why they have none available than to accommodate those few who will insist on unmixed bags and rolls of the various presidents by date. If banks order dollar coins at all, will they also have to accept 33% of the total in new Sac dollars? Otherwise, there's another totally wasteful effort, minting those things. The simple dollar bill is looking better and better. Bruce |
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#12
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My Washington Dollar Experience
On Feb 21, 11:26 am, "Fred Shecter"
wrote: I've spent them at over a dozen stores and about 5 or 6 gas stations mixed in with Sacagawea dollars. I went back to my bank today to get more and they said to try again next week as they ran out. They don't have any 2007 Sacagawea dollars either (thank goodness the tellers at my small town branch are patient with coin collectors!) |
#13
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My Washington Dollar Experience
On Feb 21, 10:48 am, "Fred Shecter"
wrote: Thank you for your negative post driven by your pre-determined negative attitude. Now for reality: Every bank that has gotten them has sold out in no time. I spoke with several tellers yesterday by phone and one in person. They all say the same thing: The los Angeles area did not get enough in the initial shipment and the bank branches are getting them as fast as they can. They can re-order more and when they arrive they will be shipped. They say the customer reaction is overwhelmingly positive and the tellers love them as well. The teller I talked to in person yesterday (who sold me the last 2 rolls in the branch), volunteered a whole bunch of info assuming I did not know this info already: dollar bills wear out in about 15 months and coins last 30 years and the government wants everyone to start using the dollar coin to save tax money. I told her "cool - great idea - keep ordering more boxes". -Fred Shecter So your argument is that the Presidential dollar coin is going to be magically successful and circulate freely throughout the economy, while none of the other iterations of the dollar coin have achieved that goal over the past 35 years? IMO the run on the new coins is merely collector fever and most of the dollar coins will end up as either keepsakes or will only ultimately be used in public transportation systems or post office stamp machines. Just like the Sacs and SBAs. In the case of the Ikes, they were rarely seen freely circulating outside of casinos. No mattter the rah-rah wishful thinking by us coin collector types, as Bruce mentioned, the true reality is that until the dollar bill is eliminated, dollar coins will only be afterthoughts in daily commerce for the great majority of the public. |
#14
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My Washington Dollar Experience
"Fred Shecter" wrote in message ... Thank you for your negative post driven by your pre-determined negative attitude. Now for reality: Fred, I've lived reality for almost 70 years. My negative attitude has been cultured from my experiences with dollar coins over the past 30 years or so. It wasn't pre-determined. With each new dollar coin design, there has been some of the same initial excitement that you recount below. Then the "reality" sinks in. Those who were so excited weren't the ones who would be spending (circulating) these coins. And most everyone soon went back to the more convenient dollar bills. Let's see what is happening a year from now. Every bank that has gotten them has sold out in no time. I spoke with several tellers yesterday by phone and one in person. They all say the same thing: The los Angeles area did not get enough in the initial shipment and the bank branches are getting them as fast as they can. They can re-order more and when they arrive they will be shipped. They say the customer reaction is overwhelmingly positive and the tellers love them as well. The teller I talked to in person yesterday (who sold me the last 2 rolls in the branch), volunteered a whole bunch of info assuming I did not know this info already: dollar bills wear out in about 15 months and coins last 30 years and the government wants everyone to start using the dollar coin to save tax money. I told her "cool - great idea - keep ordering more boxes". -Fred Shecter If dollar bills wear out in 15 months, then we should always have a continuing supply of nice crisp ones. That's how most of the ones I receive look-- not the "filthy rags" term that the dollar coin advocates favor so dramatically. The waste of government money, IMO, has been in continuing to mint tons of unwanted dollar coins. You like spending dollar coins? Fine. There are plenty out there to use for that purpose if that's important to you. I prefer the dollar bill, but if the coins also should come my way in change I'll spend them. I'm not holding my breath. Bruce |
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My Washington Dollar Experience
"RWF" wrote in message ups.com... All due to the proper lack of promotion by the mint. My local paper has not had anything in it about the new coins. When they change the look of currency, my paper prints illustrations of the new bills so everyone will know what they look like. The new dollar coin looks like a Chuck E. Cheese token! Several friends and co-workers know that I am into coins and I have had several ask me something along the lines of "Are there really new dollar coins coming out?". As if they heard it somewhere but don't quite believe it. |
#16
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My Washington Dollar Experience
On Feb 21, 8:29 pm, "Bruce Remick" wrote:
I prefer the dollar bill, but if the coins also should come my way in change I'll spend them. I'm not holding my breath. When I traveled extensively thru South America back in the late 80s, it was my experience that most of the countries really didn't use coins frequently since they had low denomination bills. This was particularly true in Brazil, where the public simply would throw the virtually worthless coins in the street rather than carry them around. IIRC, the lowest denomination bill was worth less than 1 cent US at the time! Of course, much of South America was going through a period of hyperinflation. |
#17
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My Washington Dollar Experience
"RWF" wrote in message oups.com... On Feb 21, 8:29 pm, "Bruce Remick" wrote: I prefer the dollar bill, but if the coins also should come my way in change I'll spend them. I'm not holding my breath. When I traveled extensively thru South America back in the late 80s, it was my experience that most of the countries really didn't use coins frequently since they had low denomination bills. This was particularly true in Brazil, where the public simply would throw the virtually worthless coins in the street rather than carry them around. IIRC, the lowest denomination bill was worth less than 1 cent US at the time! Of course, much of South America was going through a period of hyperinflation. I was in Central America several times in the 1980's. Like you recall, small bills were used much more than coins. Easier to carry without losing them, I guess. But here, I will admit, most of their small bills WERE sweaty, filthy rags. One would think they never wore out, probably replaced every four years or so. Bruce |
#18
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My Washington Dollar Experience
I spoke with a few of the local banks here about them. They are going out
at a fast and furious pace. One lady said she wanted two rolls because she just had a baby and this will be worth a fortune and probably pay its way through college. Where did she get such a notion? Look at the mints web site, they are already selling 25 of them for 37.95 or whatever it is. I picked up one at the bank, brought it home, handed it to my 16 year old daughter and she thought it was one of them chocolate candy coins. Now, with the "rare" errors that are popping up faster then you can say Minnesota state quarter. The feeding frenzy is on. They are what they are. Put lipstick on a pig and guess what, its still a pig. "Wes Chormicle" wrote in message news Got a roll of Washington Dollars at the bank and started out to see where I could spend them. First stop McDonalds for breakfast. Cashier looked at it and asked what it was, called manager over who examined it. He told me it was not a coin since it did not have a date... After much explaining, they still refused to take them, although the person behind be wanted them. So I got my breakfast. Stop 2. Wal-Mart. Cashier said they only take American money. Manager came over and asked if these were the "New" dollar coins he heard about. I was able to spend them after his inspection. Stop 3. Big Lots! Cashier wouldn't take them, thought they were arcade tokens. Manager came over and after 5 minutes (and a phone call) took them. Stop 4. Costco. No problem at all. The cashier even wanted some extra. Stop 5. Burger King. Cashier said it wasn't "real" money, manager thought it was fake. The owner (?) then came out and said it was ok. |
#19
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My Washington Dollar Experience
"Jim M." wrote in message . .. I spoke with a few of the local banks here about them. They are going out at a fast and furious pace. One lady said she wanted two rolls because she just had a baby and this will be worth a fortune and probably pay its way through college. Where did she get such a notion? Look at the mints web site, they are already selling 25 of them for 37.95 or whatever it is. I picked up one at the bank, brought it home, handed it to my 16 year old daughter and she thought it was one of them chocolate candy coins. Now, with the "rare" errors that are popping up faster then you can say Minnesota state quarter. The feeding frenzy is on. They are what they are. Put lipstick on a pig and guess what, its still a pig. I can't fathom the frenzy over these president dollar coins, as if they're only going to be available for a week or so before the next president comes out. People rushing from bank to bank asking for rolls, bags, boxes of these gems-- quick, before they're all gone. And all of this simply to SPEND them? It seems like non-collectors are getting caught up in the frenzy as well, perhaps thinking the coins are gold, valuable, different, something to be saved although they don't know exactly why. We've seen this all before with Ikes, SBA's and Sac's. The only thing different now is the coin design, something that the average Joe never takes into consideration when deciding what coins to spend. Patience. There will be tons of president dollars available from banks, the Mint, dealers, mouldy vaults. I doubt they will ever become part of our mainstream pocket change, but if I'm wrong that won't be a bad thing. Bruce |
#20
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My Washington Dollar Experience
"Wes Chormicle" wrote in message news Got a roll of Washington Dollars at the bank and started out to see where I could spend them. First stop McDonalds for breakfast. Cashier looked at it and asked what it was, called manager over who examined it. He told me it was not a coin since it did not have a date... After much explaining, they still refused to take them, although the person behind be wanted them. So I got my breakfast. Stop 2. Wal-Mart. Cashier said they only take American money. Manager came over and asked if these were the "New" dollar coins he heard about. I was able to spend them after his inspection. Stop 3. Big Lots! Cashier wouldn't take them, thought they were arcade tokens. Manager came over and after 5 minutes (and a phone call) took them. Stop 4. Costco. No problem at all. The cashier even wanted some extra. Stop 5. Burger King. Cashier said it wasn't "real" money, manager thought it was fake. The owner (?) then came out and said it was ok. I have to say when I got them at the bank last week, I felt like they looked like vending machine tokens or something. I really do not like them, they do not look like money to me. And the lettered edge has a cheap feel to it. I won't be caught spending these. |
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