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House approves $1 (presidential) coin [View All]

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quaoar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 03:43 PM
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House approves $1 (presidential) coin
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AP has just moved a corrected version of the story at the link. The corrected version is below. The initial version confused the gold coin with the dollar coin.


http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2005/0...

WASHINGTON (AP) The House on Wednesday approved a new gold-colored coin bearing the faces of presidents to join the unpopular $1 Sacagawea coin in circulation, hoping a new design will spur use of dollar coins.
By a 422-6 vote, the House approved a plan for the U.S. Mint to begin selling the coins early next year.
The bill also creates what would be the nations first investment-grade 24-karat gold bullion coin. Intended for collectors, it would carry portraits of first ladies and a have a face value of $10 but sell for many times that amount at fluctuating prices based on the price of gold.
The new dollar coins would be the same shape, size and makeup of the gold-colored $1 coins now bearing the face of Sacagawea. The coins imprinted with her face would remain in circulation.
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  -House approves $1 (presidential) coin quaoar  Apr-27-05 03:43 PM   #0 
  - So help me understand this ...  GregW   Apr-27-05 03:45 PM   #1 
  - Here's the scoop  quaoar   Apr-27-05 03:50 PM   #7 
  - Another dollar coin doomed to failure.  Inland   Apr-27-05 03:46 PM   #2 
  - Does the $1 coin have poor circulation because it's unpopular,  Mithras61   Apr-27-05 03:52 PM   #9 
  - Yes. It's just unpopular.  Inland   Apr-27-05 04:01 PM   #18 
  - Too close to the quarter.  NYC   Apr-27-05 04:41 PM   #32 
  - The dollar coins are a different size from the quarter  quaoar   Apr-27-05 04:48 PM   #35 
  - Easily distinguished by vending machines, but not by me.  Inland   Apr-27-05 07:30 PM   #51 
  - What they need to do is phase out the dollar bill.  Flammable Materials   Apr-27-05 08:15 PM   #57 
  - Canada has $1 (and $2) coins  TrogL   Apr-27-05 04:03 PM   #20 
     - Yes, but we were discussing real money.  Inland   Apr-27-05 04:07 PM   #22 
        - as opposed to monochromatic bills with pictures of people nobody knows!  Lisa   Apr-27-05 05:22 PM   #41 
        - Not monochromatic, thank you. Tasteful and restrained color.  Inland   Apr-27-05 07:28 PM   #50 
        - Canada has a very popular dollar coin  quaoar   Apr-27-05 05:29 PM   #43 
        - Popular.....In Canada, maybe!  Inland   Apr-27-05 07:25 PM   #49 
        - Yep. And nobody's gonna mistake that for a quarter!  Hand   Apr-27-05 08:43 PM   #62 
           - The problem is, Treasury insisted on reinventing the wheel  Art_from_Ark   Apr-28-05 01:18 AM   #68 
        - I like the hockey $5 bills  Danmel   Apr-27-05 07:38 PM   #55 
  - good move  bigworld   Apr-27-05 03:47 PM   #3 
  - getting rid of the dollar bill  shoelace414   Apr-27-05 03:47 PM   #4 
  - Reagan? Here it comes....  Oreo   Apr-27-05 03:48 PM   #5 
  - Personally, I don't think a president should be on the coin -  smirkymonkey   Apr-27-05 03:53 PM   #10 
  - The dollar coins are supposed to...  quaoar   Apr-27-05 03:53 PM   #11 
  - The old German DM 2 coin...  trogdor   Apr-27-05 03:58 PM   #14 
  - I thought only dead people could be put on coins  AllegroRondo   Apr-27-05 04:11 PM   #24 
  - They would mint dollar coins with four presidents a year.  Massacure   Apr-27-05 07:34 PM   #53 
  - It would end with Bush  quaoar   Apr-27-05 08:58 PM   #63 
  - And the inscription on the other side will be  Art_from_Ark   Apr-28-05 01:04 AM   #67 
  - That was my first thought.  Robeson   Apr-28-05 02:01 AM   #72 
  - We need to move to coins - they are much less expensive to make  keopeli   Apr-27-05 03:48 PM   #6 
  - They'll never get rid of pennies  quaoar   Apr-27-05 03:51 PM   #8 
     - I thought pennies were...  Mithras61   Apr-27-05 03:54 PM   #13 
        - Actually pennies are mostly zinc  quaoar   Apr-27-05 04:02 PM   #19 
        - pre-1982 pennies are copper  central scrutinizer   Apr-27-05 04:04 PM   #21 
        - Technically, from late 1864 to early 1982, cents were made of bronze  Art_from_Ark   Apr-28-05 01:24 AM   #69 
        - I think it's zinc.  Rufus T. Firefly   Apr-27-05 04:48 PM   #36 
  - I despise the "Sac" coin  UpInArms   Apr-27-05 03:53 PM   #12 
  - What would you rather carry around?  trogdor   Apr-27-05 03:59 PM   #16 
  - well, I am rather fond of Peace dollars  UpInArms   Apr-27-05 04:12 PM   #25 
  - The SBA dollar was a disaster  quaoar   Apr-27-05 04:12 PM   #26 
     - agreed - I think the older silver coins were  UpInArms   Apr-27-05 04:20 PM   #27 
     - I love the peace dollar  quaoar   Apr-27-05 04:44 PM   #33 
        - that is a beautiful coin!  UpInArms   Apr-27-05 04:54 PM   #39 
        - A half (or more) exposed breast?? Not a chance  Thor_MN   Apr-27-05 06:58 PM   #48 
           - The exposed breast was the original design  quaoar   Apr-27-05 09:01 PM   #64 
     - The postal service employee who came up with the idea of  rzemanfl   Apr-27-05 04:36 PM   #31 
     - I like to spend the SBAs at stores  quaoar   Apr-27-05 05:24 PM   #42 
        - And then has to figure out where the hell it goes in the till. n/t  rzemanfl   Apr-27-05 06:29 PM   #45 
        - LOL...  GaYellowDawg   Apr-27-05 08:39 PM   #61 
     - At current silver prices (about $7.20/oz),  Art_from_Ark   Apr-28-05 01:38 AM   #70 
        - At current silver prices  quaoar   Apr-28-05 08:48 AM   #74 
           - I don't disagree with your basic premise, but  Art_from_Ark   Apr-28-05 09:37 AM   #75 
  - ridiculous  central scrutinizer   Apr-27-05 03:59 PM   #15 
  - That's called seignorage  quaoar   Apr-27-05 04:08 PM   #23 
     - I knew that, but  central scrutinizer   Apr-27-05 04:20 PM   #28 
     - Well  quaoar   Apr-27-05 04:26 PM   #29 
        - Thanks for adding to my vocabulary if I remember the word. n/t  rzemanfl   Apr-27-05 06:31 PM   #46 
     - $12.50 for a set of state quarters is easy. $42 of  Thor_MN   Apr-27-05 08:31 PM   #60 
        - $12.50? Ha.  quaoar   Apr-27-05 09:05 PM   #66 
  - I am very pleased to see the House working together to pass such  Wickerman   Apr-27-05 04:00 PM   #17 
  - I wanna bring back the mercury dime  XemaSab   Apr-27-05 04:31 PM   #30 
  - "Mercury" is actually supposed to be a "Winged Liberty Head",  Art_from_Ark   Apr-28-05 01:46 AM   #71 
  - Couple notes:  wakeme2008   Apr-27-05 04:44 PM   #34 
  - Reagan was supposed to be on the $10 bill  quaoar   Apr-27-05 04:49 PM   #37 
  - get rid of the bills  siliconefreak   Apr-27-05 04:50 PM   #38 
  - NY Subway Machines Give $1 Coins As Change.  cryingshame   Apr-27-05 04:55 PM   #40 
  - So do post office vending machines. nt  Inland   Apr-27-05 07:32 PM   #52 
     - and the MAX here in Portland...  Viva_La_Revolution   Apr-27-05 08:23 PM   #58 
  - It'll be the size of a QUARTER. So I won't want to use this one either!  Festivito   Apr-27-05 05:45 PM   #44 
  - I guess they found a way  newscott   Apr-27-05 06:39 PM   #47 
  - Every president will be minted. They will mint four presidents per year.  Massacure   Apr-27-05 07:38 PM   #56 
     - what no "Chimp" dollar?--- Awwww-I'd just love to see his smirk  NIGHT TRIPPER   Apr-28-05 02:23 AM   #73 
  - More taxpayer money well spent.  HypnoToad   Apr-27-05 07:37 PM   #54 
  - they should make it the same weight and thickness of the pound  SangamonTaylor   Apr-27-05 08:27 PM   #59 
  - Time to abandon currency altogether...  mb7588a   Apr-27-05 09:03 PM   #65 
  - need $2, $5, and $10 coins  jwcomer   Apr-28-05 10:04 AM   #76 
 

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