Comments on: US Mint Unveils the 2007 Presidential Dollar Coins http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/ The personal blog of Adam Nash Thu, 29 Jul 2010 05:07:45 +0000 hourly 1 http://wordpress.com/ By: Adam Nash http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-24661 Adam Nash Thu, 27 Mar 2008 23:38:16 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-24661 John/Patti, Of course, since it costs far less than a dollar to make the coins, and people have to pay the US Government a dollar to get one, they are hardly the cause of us losing money. I don't think they are building new vaults to house them either. The real crime here is the waste of money on paper $1, which costs us almost $500M a year based on the fact that paper money expires every 18 months, while coins last 30 years. What I'd like to see is a surcharge or tax on everyone who claims they "have" to have a dollar bill, to fund this extra spending. Most other countries have long since moved to coins for this low value amount. Even the British Pound, which is worth double the US Dollar, is in a coin. In some countries you see coins for $5 amounts as well. I'd like to see a $1 and $2 coin in the US ASAP, combined with the end of production of the $1 Bill. Adam John/Patti,

Of course, since it costs far less than a dollar to make the coins, and people have to pay the US Government a dollar to get one, they are hardly the cause of us losing money. I don’t think they are building new vaults to house them either.

The real crime here is the waste of money on paper $1, which costs us almost $500M a year based on the fact that paper money expires every 18 months, while coins last 30 years.

What I’d like to see is a surcharge or tax on everyone who claims they “have” to have a dollar bill, to fund this extra spending. Most other countries have long since moved to coins for this low value amount. Even the British Pound, which is worth double the US Dollar, is in a coin. In some countries you see coins for $5 amounts as well.

I’d like to see a $1 and $2 coin in the US ASAP, combined with the end of production of the $1 Bill.

Adam

]]> By: Patti http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-24656 Patti Wed, 26 Mar 2008 20:20:22 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-24656 In regards to Johns post.... FYI.. I know where that "somewhere" is. Many of the Sacagewea coins are in fountains in Las Vegas. They were used as "Make a wish..throw a coin." Now that's good spending of our tax dollars...NOT! In regards to Johns post….
FYI.. I know where that “somewhere” is.
Many of the Sacagewea coins are in fountains in Las Vegas. They were used as “Make a wish..throw a coin.”
Now that’s good spending of our tax dollars…NOT!

]]> By: Psychohistory The 2007 First Spouse 24K Gold Coin Program (Companion to the Presidential $1 Dollar Coin Program) « http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-9371 Psychohistory The 2007 First Spouse 24K Gold Coin Program (Companion to the Presidential $1 Dollar Coin Program) « Tue, 19 Jun 2007 21:59:49 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-9371 [...] US Mint Unveils the 2007 Presidential Dollar Coins [...] [...] US Mint Unveils the 2007 Presidential Dollar Coins [...]

]]> By: John Harris http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3386 John Harris Fri, 16 Mar 2007 22:12:08 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3386 Great,hundreds of millions of these things sitting in a vault for the rest of eternityand, at what cost to taxpayers.Iwould say far more than the paper bills they are suppose to replace.Who are these idiots,that come up with these brain dead schemes?The Ike,Susan B. and Sacagewea were all duds and still sitting around somewhere.I had a local bank sell Susan Bs for 90 cents,trying to get rid of them.Want to save money, quit making the half dollar. Great,hundreds of millions of these things sitting in a vault for the rest of eternityand, at what cost to taxpayers.Iwould say far more than the paper bills they are suppose to replace.Who are these idiots,that come up with these brain dead schemes?The Ike,Susan B. and Sacagewea were all duds and still sitting around somewhere.I had a local bank sell Susan Bs for 90 cents,trying to get rid of them.Want to save money, quit making the half dollar.

]]> By: Adam Nash http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3244 Adam Nash Tue, 06 Mar 2007 00:52:48 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3244 Hi Kenneth, That would be true if they eliminated the dollar bill tomorrow. If, instead, they announced that starting in 2010, there would be no more dollar bills produced, the vending machine industry would work out upgrades to address the change. The size of the vending machine industry and the relative tax revenue that it generates is really not comparable to the amount lost producing bills on an annual basis. Alternatively, we could keep the dollar bill, and ask the vending machine industry to pay a special tax to fund the continued production of the bill. - Adam Hi Kenneth,

That would be true if they eliminated the dollar bill tomorrow. If, instead, they announced that starting in 2010, there would be no more dollar bills produced, the vending machine industry would work out upgrades to address the change.

The size of the vending machine industry and the relative tax revenue that it generates is really not comparable to the amount lost producing bills on an annual basis.

Alternatively, we could keep the dollar bill, and ask the vending machine industry to pay a special tax to fund the continued production of the bill.

- Adam

]]> By: Kenneth weldon http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3242 Kenneth weldon Mon, 05 Mar 2007 23:55:47 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-3242 Elimination of the dollar bill in concert with the issue of the dollar coin as some would recommend would kill 75% of the vending machine business. Elimination of the dollar bill in concert with the issue of the dollar coin as some would recommend would kill 75% of the vending machine business.

]]> By: Adam Nash http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-2284 Adam Nash Mon, 15 Jan 2007 00:57:59 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-2284 There is a very good <a href="http://en.wikipedia.org/wiki/In_God_we_trust" rel="nofollow">Wikipedia entry</a> on the history of "In God We Trust" on US money, dating back to the civil war in 1861. It became our national motto only in 1956. Interestingly, Theodore Roosevelt argued against putting the phrase on money largely because he felt it was improper to associate divinity with common money. There is a very good Wikipedia entry on the history of “In God We Trust” on US money, dating back to the civil war in 1861. It became our national motto only in 1956. Interestingly, Theodore Roosevelt argued against putting the phrase on money largely because he felt it was improper to associate divinity with common money.

]]> By: varner moon http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-2281 varner moon Mon, 15 Jan 2007 00:37:36 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-2281 You will never live long enough to see IN GOD WE TRUST takin off of the coins, this is our national motto, and it would cause a revaloution if they did, 85% want it on the money, 7 % don't care 8% are where you are You will never live long enough to see IN GOD WE TRUST takin off of the coins, this is our national motto, and it would cause a revaloution if they did, 85% want it on the money, 7 % don’t care 8% are where you are

]]> By: Ray http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-663 Ray Mon, 20 Nov 2006 23:29:29 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-663 At first glance, I was excited about this. Finally, they're taking the "in god we trust" bit off our federal money. But no. It's still there, only on the edge now. Well, at least it's a step in the right direction. Separation between church and state, people. We're *way* overdue on implementing this concept with regards to our currency... At first glance, I was excited about this. Finally, they’re taking the “in god we trust” bit off our federal money. But no. It’s still there, only on the edge now. Well, at least it’s a step in the right direction. Separation between church and state, people. We’re *way* overdue on implementing this concept with regards to our currency…

]]> By: Coming Soon: The Presidential $1 Dollar Coin Program « Psychohistory http://blog.adamnash.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-662 Coming Soon: The Presidential $1 Dollar Coin Program « Psychohistory Mon, 20 Nov 2006 22:29:37 +0000 http://psychohistory.wordpress.com/2006/11/20/us-mint-unveils-the-2007-presidential-dollar-coins/#comment-662 [...] US Mint Unveils the 2007 Presidential Dollar Coins Explore posts in the same categories: Coins [...] [...] US Mint Unveils the 2007 Presidential Dollar Coins Explore posts in the same categories: Coins [...]

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