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

I went into a bank I frequent and there was a teller I did not recognize. As
luck would have it, I ended up being served by him. I changed some Twos for
MN quarter rolls. He was all excited about the Twos and proceded to tell me
several things, without any prompting or input from me:
1) He works in some capacity to service multiple branches - supplying them
with money wrappers and many other items and services. (I got the impression
he was filling in as a teller with so many normal tellers on vacation).
2) People always ask for Twos and they seldom have any. And they seldom
order any (you all know that story...).
3) He was going to keep those Twos for those who ask for them and he
expected them to be gone fast.
4) He then proceeded to tell me about a meeting he attended. I could not
tell if it was a meeting or a focus group or a briefing. I also did not
probe to find out if it was just for his bank or if it was for mutiple
banks/ armored carriers/ business leaders. It sounded like it was either
conducted by the Federal Reserve, the Treasury (Mint/BEP). Here is what he
told me.
* Presidential Dollar coins are coming soon (we know that from following the
legislation which calls for 2007- maybe they can move that up to 2006 or
maybe they need the extra year to tweak the alloy for maximum shininess?).
* Dollar bills will be gone by 2015. (that lines up good with the duration
of the Presidential Golden Dollar Coin program).
* Banks and businesses who order dollars will get Golden Dollars. Period.
(Not sure if that will wait until 2015 or if they can do that earlier).
* They looked at weaning folks off the $1 bill by flooding the USA with $2
bills, but they may just stop printing Twos and use the $5 bill and the
Golden Dollar Coins. (I imagine that if people started using tons of Twos
they might keep printing them, BUT if the intent is to transition folks over
to dollar coins, then using more Twos would work against that goal.).

Any reports on this in the media? Coin World? Anybody?

--
-Fred Shecter
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On Sat, 28 May 2005 22:47:18 GMT, "Fred Shecter"
wrote:

* They looked at weaning folks off the $1 bill by flooding the USA with $2
bills, but they may just stop printing Twos and use the $5 bill and the
Golden Dollar Coins.

Well, we all here know that "weaning" doesn't work. Didn't work in
1979 nor in 2000. This is one instance where cold turkey is the only
feasable way.

On the other hand, they WOULD have to flood America with nasty Dead
Presidents...

I am reminded of the old maxim: 'Be careful what you wish for'. With
the exception of the "dollar coins are too heavy to carry" fogeys,
almost everyone here (me incl.) has wished they would be rid of the
rag dollar in favour of the coin. Looks like we're going to get just
that, only with Willam Harrison's mug on in stead of some more
attractive Liberty.

Who was William Harrison? The US president whose ONLY claims to fame
are 1)longest inaugural speech, 2) shortest term in office (hint: the
two are almost the same length), 3) will have his mug on a dollar
coin.

BORING! The Dutch euro coins are more exciting.

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Sat, 28 May 2005 23:42:57 -0400, Padraic Brown
wrote:

On Sat, 28 May 2005 22:47:18 GMT, "Fred Shecter"
wrote:

* They looked at weaning folks off the $1 bill by flooding the USA with $2
bills, but they may just stop printing Twos and use the $5 bill and the
Golden Dollar Coins.

Well, we all here know that "weaning" doesn't work. Didn't work in
1979 nor in 2000. This is one instance where cold turkey is the only
feasable way.

On the other hand, they WOULD have to flood America with nasty Dead
Presidents...

I am reminded of the old maxim: 'Be careful what you wish for'. With
the exception of the "dollar coins are too heavy to carry" fogeys,
almost everyone here (me incl.) has wished they would be rid of the
rag dollar in favour of the coin. Looks like we're going to get just
that, only with Willam Harrison's mug on in stead of some more
attractive Liberty.

Who was William Harrison? The US president whose ONLY claims to fame
are 1)longest inaugural speech, 2) shortest term in office (hint: the
two are almost the same length), 3) will have his mug on a dollar
coin.

He was also the oldest president at his inaguration (until Reagan),
he was the grandfather of a future president (Benjamin Harrison). He
was also a former general, made famous by the battle of Tippecanoe..


take care,
Scott
"...when I dream about the moonlight on the Wabash..."

All the presidential Golden Dollars will have liberty on them. On the
reverse. All of them.

They will continue to mint Sacagaweas as well (not sure if they will also
have the Statue of Liberty on the reverse).

--
-Fred Shecter
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"Padraic Brown" wrote in message
...
On Sat, 28 May 2005 22:47:18 GMT, "Fred Shecter"
wrote:

* They looked at weaning folks off the $1 bill by flooding the USA with $2
bills, but they may just stop printing Twos and use the $5 bill and the
Golden Dollar Coins.

Well, we all here know that "weaning" doesn't work. Didn't work in
1979 nor in 2000. This is one instance where cold turkey is the only
feasable way.

On the other hand, they WOULD have to flood America with nasty Dead
Presidents...

I am reminded of the old maxim: 'Be careful what you wish for'. With
the exception of the "dollar coins are too heavy to carry" fogeys,
almost everyone here (me incl.) has wished they would be rid of the
rag dollar in favour of the coin. Looks like we're going to get just
that, only with Willam Harrison's mug on in stead of some more
attractive Liberty.

Who was William Harrison? The US president whose ONLY claims to fame
are 1)longest inaugural speech, 2) shortest term in office (hint: the
two are almost the same length), 3) will have his mug on a dollar
coin.

BORING! The Dutch euro coins are more exciting.

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Mon, 30 May 2005 02:03:13 GMT, "Fred Shecter"
wrote:

All the presidential Golden Dollars will have liberty on them. On the
reverse. All of them.

They will continue to mint Sacagaweas as well (not sure if they will also
have the Statue of Liberty on the reverse).

Bizarre. It just gets worse and worse!

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

"Fred Shecter" wrote in
ink.net:

They will continue to mint Sacagaweas as well (not sure if they will
also have the Statue of Liberty on the reverse).


Do you mean AFTER the presidential series or DURING the presidential
series?



Barney

During.

--
-Fred Shecter
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"Barney" wrote in message
...
"Fred Shecter" wrote in
ink.net:

They will continue to mint Sacagaweas as well (not sure if they will
also have the Statue of Liberty on the reverse).


Do you mean AFTER the presidential series or DURING the presidential
series?



Barney

Barney wrote:
"Fred Shecter" wrote in
ink.net:


They will continue to mint Sacagaweas as well (not sure if they will
also have the Statue of Liberty on the reverse).



Do you mean AFTER the presidential series or DURING the presidential
series?

To the best of my knowledge, the bill calls for half of the total $1 coin
production to be the commemorative design and the other half the existing
'Sac' design throughout the duration of that program. That will be a *LOT* of
coins and, absent any independant confirmation, Fred's report on the coins
becoming the 'default' $1 in the banking system is trending towards passing my
'smell' test.

Any more official/semi-official word on this?

BTW, Welcome back, Barney! :-)

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

"Michael G. Koerner" wrote in
:

report on the coins
becoming the 'default' $1 in the banking system is trending towards
passing my 'smell' test.

Any more official/semi-official word on this?

BTW, Welcome back, Barney! :-)

Hi, it feels good to be here! Though I never really did leave, I just
pop in now and then to see if there is any GD news!

I'm still using my Johnson Belt Changer with the dollar sized tube at
work...Dominos. And I still get at least 4-6 dollar rolls every week
from my local bank. Though that's not quite the one box per month I used
to do. The ratio of GDs per box I order is a very good 70%. To me, that
just means less SBAs to get rid of.

Like you, I'm sure everyone eles would like to see the "official word" on
this GD situation. I really want to beleive, and the source so far has
been a very good one. It just makes me wonder though without seeing some
kind of bill writen for the halt of the paper dollar.

I've still got my fingers crossed!


Barney

Not a peep, but I just interact with "normal" tellers. Either we need
another "special" replacement teller during a period of high absence or
someone needs to find out what bar the bank insiders hang out in.

I've been way to busy at work to do much other than check a bookmarked link
once in a while for status updates. Since the Senate in in recess there will
be no movement for a month, but there could be press reports if Senators
start talking about this.

I also have not bothered to call and ask any staff (the folks who do a lot
of the work).

I've been flooding my coworkers with the Super Shiny GDs and spending a
bunch as well and folks are going nuts over them. We must get rid of the
commingled Susies! Send them to one of the "dollarized" countries. Then
again, if they flood us with Prezibux the Susies will be diluted and truely
bcome "RARE APOLLO XI DOLLAR COINS FROM THE 1900's". (The folks at work also
get a kick out of those rolls every so often.)

--
-Fred Shecter
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"Michael G. Koerner" wrote in message
...
Barney wrote:
"Fred Shecter" wrote in
ink.net:
They will continue to mint Sacagaweas as well (not sure if they will
also have the Statue of Liberty on the reverse).



Do you mean AFTER the presidential series or DURING the presidential
series?

To the best of my knowledge, the bill calls for half of the total $1 coin
production to be the commemorative design and the other half the existing
'Sac' design throughout the duration of that program. That will be a
*LOT* of coins and, absent any independant confirmation, Fred's report on
the coins becoming the 'default' $1 in the banking system is trending
towards passing my 'smell' test.

Any more official/semi-official word on this?

BTW, Welcome back, Barney! :-)

--
___________________________________________ ____
_______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise
again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | |
_______________