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Dollar Coins in Normal Commerce



 
 
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  #11  
Old June 2nd 10, 11:27 PM posted to rec.collecting.coins
Nick Knight
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Posts: 496
Default Dollar Coins in Normal Commerce

In , on
06/02/2010
at 06:11 AM, GFH said:

Are dollar coins being used in normal commerce? I have not seen even one.
My bank does not have any. The local post office has never seen one. I
live near Charlottesville, VA.


Does anyone know of a location where these coins are in common use?


Vending machines in post offices tend to use these for change, at least here
in Cleveland.

Was in Boston a week or so ago. A little on the outskirts (Burlington/North
Billerica). Wanted to take the train downtown. Had to pay for parking,
which required $4 in singles or coins (no attendant on duty). Had to get
$20 in dollar coins from the change machine - 19 presendential dollars and 1
SBA. I paid part of the train ticket price that day with these coins, and
repeated the trip another day and used up the rest.

As someone else said, if vending machines are around, these seem to be
pretty common.

Nick
Ads
  #12  
Old June 2nd 10, 11:40 PM posted to rec.collecting.coins
sterrys@ no.spam.sbcglobal.net
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Posts: 43
Default Dollar Coins in Normal Commerce

Hles in pants pockets is an urban myth. Right now I have in my right pocket
carkeys, lighter, and $5.67 in change (a little more than usual but a half
and two goldies). In my left, truckbox keys, pocketknife, 66 adapter, ink
eraser, and a 10' metal tape measure. At the end of a working day there will
be also various parts, screws, bridging clips and vrious label covers. This
has been my load for many years, and my pants go out at the knees long
before the pocket can give out. Ever heft a woman's purse ? A few goldies
would not make any difference.
  #13  
Old June 3rd 10, 12:20 AM posted to rec.collecting.coins
Bruce Remick
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Posts: 3,391
Default Dollar Coins in Normal Commerce


"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
GFH wrote:
Are dollar coins being used in normal commerce? I have not seen
even one. My bank does not have any. The local post office has
never seen one. I live near Charlottesville, VA.

Does anyone know of a location where these coins are in common
use?

U.S. dollar coins are in heavy use in various Latin American
countries, most notably Ecuador, because the native coinage is
considered to be unstable and therefore less desirable. Since the
small-size version of the dollar was introduced in 1979, they have
been essentially a complete fizzle in their country of origin, no
matter which design you name. There was a brief period, at the
beginning of the Sacagawea design, when Walmart gave them out in
change by the millions, and a period of years when dollar coins
were given as change in postage vending machines in the lobbies of
USPS. The post office in my town yanked its vending machine last
year, so that was the end of that locally, but I can't speak for any
other
location. The most common reason given for their lack of stateside
use is the
preference for the paper dollar, in spite of its higher net cost,
due to the reality that metal dollars are heavier than paper ones,
and the fear that metal dollars rapidly wear holes in pants
pockets. James

Basically, due to inflation we've come to regard coins mostly as
pocket change rather than as useful money to spend. IMO, were we to
mint $2 and/or $5 coins, that attitude might change, even if the
equivalent bills were still available. Otherwise, the rare dollar
coin in change typically goes into the jar with all the dimes
nickels and quarters to be cashed in for "money" at the appropriate
occasion.

Your use of the pronoun "we" definitely does not include yours
truly. I have no change jar on my hoosier. I don't even have a
hoosier.


Don't dispair. There are many other ways and places you can store
accumulated change.


Granted, I spend change as quickly as I can, for the holes in the
pants pocket reason, but a dollar's worth of coin buys the same as a
dollar bill, and I refuse to treat them with disdain. Heck, I still
bend down to retrieve a corroded cent from a muddy gutter. Then I
do what I can to get rid of it. The number of astonished looks I
get from store cashiers increases as I calculate, in advance, how
much coin I will have to tender to make it so I get only bills in
return.


Of course, ten dimes or 20 nickels buys the same as a dollar bill. But
rhetorically, how many people leave home in the morning being
sure to carry the same pocket change they came home with the day
before? I, too, will pick up any penny I see on the ground, maybe
because were both old enough to never ignore this fortunate
opportunity, regardless of the actual purchasing power of a penny.
Unless I happen to make a purchase where that penny will be handy,
I'll toss the penny in a jar with the others. Although I do have a
Hoosier, I don't keep my penny jar there. It's a secret. Your
implication that you will carry and use coins to avoid receiving more
of them in change sounds a little confusing, but let me ponder it a
bit more. I'm a lot slower than I used to be.


If I have, say $1 in change on me, I can be 99% certain that any purchase
I make will make some of it go away. What really gets me is to have 66
cents and have the total owed end in .67.


There's always that emergency penny in your loafer, although today I suppose
that space has been enlarged to accommodate dollar coins.


  #14  
Old June 3rd 10, 12:32 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default Dollar Coins in Normal Commerce


sterrys@ no.spam.sbcglobal.net wrote in message
...
Hles in pants pockets is an urban myth. Right now I have in my right
pocket
carkeys, lighter, and $5.67 in change (a little more than usual but a half
and two goldies). In my left, truckbox keys, pocketknife, 66 adapter, ink
eraser, and a 10' metal tape measure. At the end of a working day there
will
be also various parts, screws, bridging clips and vrious label covers.
This
has been my load for many years, and my pants go out at the knees long
before the pocket can give out. Ever heft a woman's purse ? A few goldies
would not make any difference.


You oviously wear work pants made of a hefty fabric. All that pokey stuff
would soon cause a rub-tear in the outer material in most casual pants, even
if the pocket itself remained intact. BTW, around here you probably could
be arrested if caught with a "deadly" pocket knife. When I was a kid, most
every boy had a sheathed hunting knife which was perfectly okay to carry.
Our parents often bought them for us. Switchblades were frowned upon
though.

Personally, I've never hefted a woman's purse. I'm sometimes embarassed
enough about my own wallet.


  #15  
Old June 3rd 10, 01:06 AM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default Dollar Coins in Normal Commerce

Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
GFH wrote:
Are dollar coins being used in normal commerce? I have not seen
even one. My bank does not have any. The local post office has
never seen one. I live near Charlottesville, VA.

Does anyone know of a location where these coins are in common
use?

U.S. dollar coins are in heavy use in various Latin American
countries, most notably Ecuador, because the native coinage is
considered to be unstable and therefore less desirable. Since
the small-size version of the dollar was introduced in 1979,
they have been essentially a complete fizzle in their country of
origin, no matter which design you name. There was a brief
period, at the beginning of the Sacagawea design, when Walmart
gave them out in change by the millions, and a period of years
when dollar coins were given as change in postage vending
machines in the lobbies of USPS. The post office in my town
yanked its vending machine last year, so that was the end of
that locally, but I can't speak for any other
location. The most common reason given for their lack of
stateside use is the
preference for the paper dollar, in spite of its higher net cost,
due to the reality that metal dollars are heavier than paper
ones, and the fear that metal dollars rapidly wear holes in pants
pockets. James

Basically, due to inflation we've come to regard coins mostly as
pocket change rather than as useful money to spend. IMO, were we
to mint $2 and/or $5 coins, that attitude might change, even if
the equivalent bills were still available. Otherwise, the rare
dollar coin in change typically goes into the jar with all the
dimes nickels and quarters to be cashed in for "money" at the
appropriate occasion.

Your use of the pronoun "we" definitely does not include yours
truly. I have no change jar on my hoosier. I don't even have a
hoosier.

Don't dispair. There are many other ways and places you can store
accumulated change.


Granted, I spend change as quickly as I can, for the holes in the
pants pocket reason, but a dollar's worth of coin buys the same as
a dollar bill, and I refuse to treat them with disdain. Heck, I
still bend down to retrieve a corroded cent from a muddy gutter. Then I
do what I can to get rid of it. The number of astonished
looks I get from store cashiers increases as I calculate, in
advance, how much coin I will have to tender to make it so I get
only bills in return.

Of course, ten dimes or 20 nickels buys the same as a dollar bill.
But rhetorically, how many people leave home in the morning being
sure to carry the same pocket change they came home with the day
before? I, too, will pick up any penny I see on the ground, maybe
because were both old enough to never ignore this fortunate
opportunity, regardless of the actual purchasing power of a penny.
Unless I happen to make a purchase where that penny will be handy,
I'll toss the penny in a jar with the others. Although I do have a
Hoosier, I don't keep my penny jar there. It's a secret. Your
implication that you will carry and use coins to avoid receiving
more of them in change sounds a little confusing, but let me ponder
it a bit more. I'm a lot slower than I used to be.


If I have, say $1 in change on me, I can be 99% certain that any
purchase I make will make some of it go away. What really gets me
is to have 66 cents and have the total owed end in .67.


There's always that emergency penny in your loafer, although today I
suppose that space has been enlarged to accommodate dollar coins.


Geez, I haven't worn penny loafers for 50 years. They were pretty cool when
I did wear them, though! Drove those 8th grade girls completely insane.

James the Dude


  #16  
Old June 3rd 10, 01:46 AM posted to rec.collecting.coins
Bruce Remick
external usenet poster
 
Posts: 3,391
Default Dollar Coins in Normal Commerce


"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
GFH wrote:
Are dollar coins being used in normal commerce? I have not seen
even one. My bank does not have any. The local post office has
never seen one. I live near Charlottesville, VA.

Does anyone know of a location where these coins are in common
use?

U.S. dollar coins are in heavy use in various Latin American
countries, most notably Ecuador, because the native coinage is
considered to be unstable and therefore less desirable. Since
the small-size version of the dollar was introduced in 1979,
they have been essentially a complete fizzle in their country of
origin, no matter which design you name. There was a brief
period, at the beginning of the Sacagawea design, when Walmart
gave them out in change by the millions, and a period of years
when dollar coins were given as change in postage vending
machines in the lobbies of USPS. The post office in my town
yanked its vending machine last year, so that was the end of
that locally, but I can't speak for any other
location. The most common reason given for their lack of
stateside use is the
preference for the paper dollar, in spite of its higher net cost,
due to the reality that metal dollars are heavier than paper
ones, and the fear that metal dollars rapidly wear holes in pants
pockets. James

Basically, due to inflation we've come to regard coins mostly as
pocket change rather than as useful money to spend. IMO, were we
to mint $2 and/or $5 coins, that attitude might change, even if
the equivalent bills were still available. Otherwise, the rare
dollar coin in change typically goes into the jar with all the
dimes nickels and quarters to be cashed in for "money" at the
appropriate occasion.

Your use of the pronoun "we" definitely does not include yours
truly. I have no change jar on my hoosier. I don't even have a
hoosier.

Don't dispair. There are many other ways and places you can store
accumulated change.


Granted, I spend change as quickly as I can, for the holes in the
pants pocket reason, but a dollar's worth of coin buys the same as
a dollar bill, and I refuse to treat them with disdain. Heck, I
still bend down to retrieve a corroded cent from a muddy gutter. Then
I do what I can to get rid of it. The number of astonished
looks I get from store cashiers increases as I calculate, in
advance, how much coin I will have to tender to make it so I get
only bills in return.

Of course, ten dimes or 20 nickels buys the same as a dollar bill.
But rhetorically, how many people leave home in the morning being
sure to carry the same pocket change they came home with the day
before? I, too, will pick up any penny I see on the ground, maybe
because were both old enough to never ignore this fortunate
opportunity, regardless of the actual purchasing power of a penny.
Unless I happen to make a purchase where that penny will be handy,
I'll toss the penny in a jar with the others. Although I do have a
Hoosier, I don't keep my penny jar there. It's a secret. Your
implication that you will carry and use coins to avoid receiving
more of them in change sounds a little confusing, but let me ponder
it a bit more. I'm a lot slower than I used to be.

If I have, say $1 in change on me, I can be 99% certain that any
purchase I make will make some of it go away. What really gets me
is to have 66 cents and have the total owed end in .67.


There's always that emergency penny in your loafer, although today I
suppose that space has been enlarged to accommodate dollar coins.


Geez, I haven't worn penny loafers for 50 years. They were pretty cool
when I did wear them, though! Drove those 8th grade girls completely
insane.

James the Dude


When you were in the 12th grade? ;)


Bruce
"loved those Snap Jacks".


  #17  
Old June 3rd 10, 11:09 AM posted to rec.collecting.coins
Scott Stevenson
external usenet poster
 
Posts: 276
Default Dollar Coins in Normal Commerce

On Wed, 2 Jun 2010 19:06:14 -0500, "Mr. Jaggers"
lugburzman[at]yahoo[dot]com wrote:

Bruce Remick wrote:


There's always that emergency penny in your loafer, although today I
suppose that space has been enlarged to accommodate dollar coins.


Geez, I haven't worn penny loafers for 50 years. They were pretty cool when
I did wear them, though! Drove those 8th grade girls completely insane.


I had a boss about five years ago that wore them. I gave her a
couple of well-worn mid-teens wheaties to use in the loafers, and when
I saw her about a year ago, she still had them in.

take care,
Scott
  #18  
Old June 3rd 10, 11:30 AM posted to rec.collecting.coins
David RUTAN
external usenet poster
 
Posts: 1
Default Dollar Coins in Normal Commerce

On Jun 2, 9:11*am, GFH wrote:
Are dollar coins being used in normal commerce? I have not seen even
one. *My bank does not have any. *The local post office has never seen
one. *I live near Charlottesville, VA.

Does anyone know of a location where these coins are in common use?

GFH


Transit authorities, like railroad stations might give them out in
ticket machines. Not sure about nation wide, but New Jersey does.
  #19  
Old June 3rd 10, 03:38 PM posted to rec.collecting.coins
shreadvector
external usenet poster
 
Posts: 228
Default Dollar Coins in Normal Commerce

On Jun 2, 3:40*pm, sterrys@ no.spam.sbcglobal.net wrote:
Hles in pants pockets is an urban myth. Right now I have in my right pocket
carkeys, lighter, and $5.67 in change (a little more than usual but a half
and two goldies). In my left, truckbox keys, pocketknife, 66 adapter, ink
eraser, and a 10' metal tape measure. At the end of a working day there will
be also various parts, screws, bridging clips and vrious label covers. This
has been my load for many years, and my pants go out at the knees long
before the pocket can give out. Ever heft a woman's purse ? A few goldies
would not make any difference.


Yup. Round coins do not wear holes in pockets, especailly smooth edges
coins like Golden Dollars (and the incuse lettering does not abrade
pockets since it is incuse).

Car keys poke holes or wear holes in pockets. Especially the newer,
extremely long and jagged keys.

Another way to wear a hole is to carry around a nice sharp-cornered
BEP strap of bills. Those corners will (eventaully) wear through
average pockets.
  #20  
Old June 3rd 10, 07:39 PM posted to rec.collecting.coins
Jud
external usenet poster
 
Posts: 1,215
Default Dollar Coins in Normal Commerce

On Jun 2, 8:46*pm, "Bruce Remick" wrote:

"loved those Snap Jacks".


OMG! I haven't thought of those in years! Yeah, I had a pair, but they
hurt my feet, so one pair and done!

Jud -Sneaker wearer-

 




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