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US Mint annouces: Presidential $1 Coins (all presidents to be included)

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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:45 PM
Original message
US Mint annouces: Presidential $1 Coins (all presidents to be included)
United States Mint Unveils Designs of New Circulating Presidential $1 Coins
Historic Change On The Way



Washington, DC United States Mint Director Edmund C. Moy; Louise Roseman, Director of Reserve Bank Operations and Payments Systems at the Board of Governors of the Federal Reserve; and other Federal officials provided a first glimpse of a new series of circulating Presidential $1 Coins at a design unveiling ceremony held today at the Smithsonian Institutions National Portrait Gallery. The $1 coins are being introduced as a result of the Presidential Coin Act of 2005, which requires the United States Mint to mint the dollar coins commemorating the service of former United States Presidents in the order in which they served.

Like the United States Mints successful 50 State Quarters Program on which it was modeled, the Presidential $1 Coin Program features a systematically rotating design. The first four $1 coins will commemorate George Washington, John Adams, Thomas Jefferson and James Madison.

"The new Presidential $1 Coins are an educational and fun way to learn about former Presidents, " said Director Moy. "Our research indicates that, like the 50 State Quarters coins, the Presidential $1 Coins will be popular with millions of Americans."

According to a study commissioned by the United States Mint, about half of all Americans are interested in collecting the Presidential $1 Coins but their appeal does not end with collecting.

"Congress recognized that the 50 State Quarters Program showed how a systematically changing design can spark public interest in a coin and were hoping to build on that success," Director Moy said.

http://www.usmint.gov/pressroom/index.cfm?action=press_...
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rockymountaindem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:47 PM
Response to Original message
1. Oh God, not more dollar coins
Can't they figure out that dollar bills are just more popular? Our population has never shown any lasting interest in dollar coins, witness the failure of the Sacagawea coin. Man, I don't like dollar coins.
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Skinner ADMIN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:48 PM
Response to Reply #1
4. Everybody hates dollar coins.
The bottom line is that the dollar coin won't be accepted by the general public until the paper dollar gets phased out. And, frankly, nobody wants to phase out the paper dollar.
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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:51 PM
Response to Reply #4
6. Maybe we can design the bush ones :)
Oh man, that would be fun. Have a donkey kicking an elephant on the backside.
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H2O Man Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:52 PM
Response to Reply #4
10. Size matters.
The last two were too easily confused with the quarter. Can't have a dollar that's smaller than a Kennedy-half.
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rockymountaindem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:56 PM
Response to Reply #4
17. They're a pain in the behind because you can't carry them with the rest of your money
I've learned that the hard way going to school in Canada with one and two dollar coins. Since you can't carry them in your pocket without them rolling out (and who wants to lose two bucks to become "couch change") and you can't carry them in your wallet, I end up having to pay for most things with a five, and use the coins for vending machine purposes or when I know I'm going out to buy something small, like something at Tim Horton's. Otherwise, who wants to lug around five noisy, easy-to-lose coins when you could just have a bill folded up in your wallet? I hope the US never phases out paper ones.
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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:13 PM
Response to Reply #4
27. Canada has both $1 & $2 coins.
Both are the loonies & toonies popular up there. The recalled the paper dollar and made it worthless after a certain date.

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RawMaterials Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:58 PM
Response to Reply #1
19. a 1992 study showed that the us gov could save 400-500 million
if they could use dollor coins instead of bills
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Redstone Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:47 PM
Response to Original message
2. Let's see...the SBA $1 coin flopped; the Sacajawea $1 coin flopped...so why?
Why the FUCK are they wasting our money on ANOTHER $1 coin that nobody will use?

Redstone
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Perky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:51 PM
Response to Reply #2
9. Yeah but the state quarters ar a huge hit.
My take on it is that they ought to pay McDonalds and Starbuck something to ditribut them was paret of their change. If people see them in regular circulation they will be used. The key is to get the circulating.
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5X Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:53 PM
Response to Reply #2
13. They only did it to honor reagan, and now chimpy. n/t
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Aristus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:53 PM
Response to Reply #13
32. That's what I was thinking: this scheme is the only way they can get
Reagan and W on a circulating U.S. coin. Idiots.
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H2O Man Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:47 PM
Response to Original message
3. I read about that
yesterday. I think it's a good idea. Having the dollar coins in use can save the tax-payers in the long run.
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NOLADEM Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:49 PM
Response to Original message
5. We must kill this program before the Chimp gets on a coin
Otherwise, I'm gonna go to jail repeatedly for hurling them at cashiers who attempt to give them to me as change.

Besides, what would a Bush dollar be worth? Would it be hollow? They would be required to misspell something on the coin, no?

Ok, I'd be cool with it, but only on one condition. On one side, Bush has horns. On the other, he has a normal portrait, framed in the silhouette of Iraq.

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The Velveteen Ocelot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:53 PM
Response to Reply #5
11. If they put his ugly mug on a coin, I want it to be this likeness:
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UnseenUndergrad Donating Member (171 posts) Send PM | Profile | Ignore Tue Nov-21-06 08:54 PM
Response to Reply #5
33. Been wanting to say this....
"Now I don't mind, I'm choppin' wood
And I don't care if the money's no good..."

The only value that coin might have is to future collectors, and even then, it'll be nearly worthless.
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Poiuyt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:51 PM
Response to Original message
7. I sure hope they don't eliminate paper dollars, but maybe this will keep
the people quiet who want to put Reagan on some bills
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Sacajawea Donating Member (797 posts) Send PM | Profile | Ignore Tue Nov-21-06 08:08 PM
Response to Reply #7
24. Aaaaaack!!!! If they EVER put Reagan's ugly mug on a bill I will NEVER use it...
...whatever denomination it is! MEGA :puke:
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Indy_Dem_Defender Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:32 PM
Response to Reply #24
29. Feel free to send any money
with Ronnie to me, I will take it off your hands. I will just use tongs to pick it up and take to the bank.
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ewoden Donating Member (634 posts) Send PM | Profile | Ignore Tue Nov-21-06 07:51 PM
Response to Original message
8. Presidential Coin Act of 2005, oh i thought it was . . .
The Presidential CON Act. Shoot you close your eyes for acouple of years and look at what happens.

Hey how about a list of uses for the Bush 1 and Bush 2 coins?

1. leveling that wobbly desk

2. Targets for your .22

3 ballast for a balsawood glider

4. Train track fodder
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Perky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:53 PM
Response to Original message
12. Actually a President has to be dead for two years to qualify.
That leaves out Ford Carter, Bush I, Clinton, *, and Obama (see how I sunck that in there)
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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:55 PM
Response to Reply #12
16. As slow as government moves on some issues, they will get em all
or amend the act when people want em now.
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bullimiami Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:02 PM
Response to Reply #12
21. bush has been brain dead for way longer than 2 years.
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Perky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:04 PM
Response to Reply #12
22. On second thought * is already a "dead" duck
so maybe he qualifies.
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JeffR Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:54 PM
Response to Original message
14. A drag, a well-known drag
but living in exile in Canada, I'm now used to not only $1 coins, but $2 coins. There's even talk now about giving rid of the fin for a new $5 coin. Everyone should reinforce the stitching in their pants pockets.

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ewoden Donating Member (634 posts) Send PM | Profile | Ignore Tue Nov-21-06 07:54 PM
Response to Original message
15. I'm going to glue the Ronald Raygun coin to the ....
Toilet seat. That way my wife has to accept that I have good eason to pee with the seat down.
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stevedeshazer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 07:57 PM
Response to Original message
18. I like the dollar coin.
We should also have a two-dollar coin. That way, the smallest bill would be a fiver.

Our Canadian friends figured this out a long time ago, and they seem to get by on loonies and twonies.

That said, I scarcely can wait for that Millard Fillmore buck. That'll be a hell of a day.
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:44 PM
Response to Reply #18
31. I'll be pouncing on the first James K. Polk one, thank you.
I agree - it's well past the time when we should have moved to a $1 coin. Terrible waste of tax dollars to have to keep printing a supply of $1 bills.
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bullimiami Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:01 PM
Response to Original message
20. they keep trying dollar coins because the paper dollars lifetime is very short
dollar coins would save a mint. :)

if they were really serious they would just phase out the paper dollars and force us to get used to the coins. wed get over it before too long.
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LiberalArkie Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:05 PM
Response to Original message
23. I am ready to get rid of the 1 dollar bill. They hardly ever work in
vending machines. I am tired of looking in my wallet thinking I have some money, only to find out at the food kiosk, they are only dollar bills. I am ready for the real dollar coins.
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EST Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:09 PM
Response to Original message
25. I seem to recall that the fellow who set this whole program up
just got an eighteen year prison sentence for stealing public funds and giving them to His Chimpness, among other crimes.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:11 PM
Response to Original message
26. It is the only way they would ever get the likes of Nixon, Reagan and Bush on currency
They have tried for years to get Reagan on the $10 bill but could not accomplish it, so this is the next best thing for them.
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hippiechick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:13 PM
Response to Original message
28. If all the other Prez's are $1.00, Dimson ought to be a nickel.
:rofl:
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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:56 PM
Response to Reply #28
34. That'll be about all that it's worth by that time...
The metal will be worth more than the currency denomination at this rate...
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 08:35 PM
Response to Original message
30. I can't wait for the Gerald Ford dollar...
I have a special place set up for it.
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kurth Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-21-06 09:00 PM
Response to Original message
35. The Post Office has been trying to get rid of $1 coins for years
Who uses them things?

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