Dollar coins
 

Just got back three (3) one dollar coins today in change. Anybody else getting them? Didn't even notice until I got home and was changing clothes....noticed the gold color, but thought they were quarters. They look to be only about 1/8th to 3/16ths inch different from a quarter.

geo

Smooth edge though so even the blind can tell the difference. I like to get and use them for meal tips. I figure some waitresses will save them because they are different instead of just using them, thus giving them a cushion should a real need for them arise. At times I also like to use $2 bills for the same purpose. There seems to be a lot of people that have had neither yet even though they have been around a long long time.

Are you referring to the presidential ones? They've been around since 2007; I don't get them often, but I do run across them once in a blue moon. They've done 14 presidents so far, and plan on continuing through 2016 with ending at Ronald Reagan. No word yet as to whether or not they'll do both Bush's, Clinton and Obama.

We've been getting a significant amount of pre '64 coins in change recently. I suppose some folks are cashing in their "pocket change fund" at the banks, etc. My guess is it's a bad sign (good for me, 'tho, as I am a collector).
Matt

I got two Van Burens and an Einstein, and I couldn't read the tiny printing on the edge.....
geo

I use the gold dollars as a great way to save. I "purchase" $5-10 every pay or so. Recently cashed $70 in for vacation. If I have regular dollar bills laying around I, or my husband, would spend them without thought, but these are bulkier and easier for me to save.
A couple months ago I started finding a fair amt of pre-64 coins too. That has seemed to have dried up now though. I keep all I find for a rainy day.

Einstein?

:) Maybe it was Albert Schweitzer.....bad eyesight....

we get lots of em when working the farmers market in NYC, i think the metrocard machines use them to make change

My sis and BIL are blind. They don't like them.

Every once in awhile. The post office gives them as change in their stamp machine.

I got a Canadian nickel the other day which I thought was pretty odd all the way down here, used to get Canadian change all the time in Ohio.

I buy them in twenty dollar rolls from the bank. They are nice to have to give to kids for different things-- graduations, birthdays, etc. You should be able to buy them at your bank in rolls. Just ask for the presidential gold coins.

Last time I got some was at a theme park...they give them out so you will keep them - and open your wallet for other funds you need while there. Once your wallet is open, they figure you will spend more than you planned.

Yes they are gold in color.
My friends that have a vending company one of their bill changes ONLY gives back dollar coins~!!!
that changer that change up to a twenty.
But only gives those gold colored dollar coins back in chance.
ann ALL of their vending machines can also take those Gold Colored Dollar coins~!

They actually come in sealed rolls from the US Treasury with $25.00 dollars worth inside. Available at any local bank, just ask a teller for a roll or however many you want at a time.

I use the dollar coins to bury for a rainy day, amongst other things.. Paper money has a tendency to mold if buried in a humid marine/ coastal enviroment (even in multiple layers of protection). The bank gave me a hassle over depositing $2.500 dollars worth of moldy paper currency, a while back. The teller had to wear latex exam gloves and mark the paper currency for destruction/ removed from circulation.

The prior dollar coins beside the older style larger eagle silver dollars were the Susan B. Anthony coins that are silver and easily confused for quarters. Then the US Mint issued in the early 2000's the golden 'Sacajewa' dollar coins. Now there are rolls of Presidental dollar coins with George Washington, Thomas Jefferson, Andrew Jackson, and of course my all time favorite 'Millard P. Fillmore' gold dollar coins.

I pick up a roll every month and spend them. I like to look back at a clerk sometimes as I'll see them reaching into their pocket for a dollar bill to replace it. Always someone saving them! At our local race track, snack clerk has a quarter ready before I get to him as he knows that the $1.75 hot dog is going to be paid for with 2 dollar coins. Popcorn girl knows that she's going to get a dollar coin and a quarter.

The US is almost unique in their coinage. When any other country has replaced a banknote with a coin, the paper equal was no longer printed. Only in the US has there been both coins and banknotes of equal value almost from the beginning and it will always be that way.

Martin

One nice thing about those golden dollar coins at flea markets & yard sales, folks seem more interested in taking a dollar for "x" if it's a shiny dollar coin than a crumple piece of paper.

Well, this is interesting. You know inflation wouldn't exist so much is we were still on the gold standard, right? Barely... The dollar could still get you 10 gallons of oil right now!

Mallard P Fillermore ?

A gradual creep of inflation is probably impossible to avoid, but in my opinion you are on the money ( excuse the pun ) concerning a gold standard. The increase of our money supply would be held in check if the supply of dollars was tied to a gold standard. The borrowing ( debt ) would not be paid back by the out of control printing of new dollars if those new dollars were backed by gold.

Just curious, what makes the gold color? Brass, alloy, chemicals, or tumeric, onion skins (organic, of course....)? :)

geo

Geo in mi, that is what I was wondering .. are those coins truly solid gold or just some metal covered with a gold-colored plating of some kind?

The basic coin is 88.5% copper while the plating is manganese brass.

Martin

There's a mall here where you can rent a stroller for a $5 deposit and a dollar charge or something. When they give you the deposit back, the machine pays in the presidential dollar coins. I think that's the way they're circulating here.

When I deliver pizza, I get some as tips every now and then. Nice to think you just got $1 in quarters, get back to the car and check and notice that it was $4 in shiny gold coins!

My kids have some of the Sacagawea dollar's and I too like to get the girls the $2 bills. I will have to ask my bank for other dollar coins, my girls really do love to get them.

But, even if we went back to a metal standard, it would still be easy to inflate. If all it is is copper, than it won't be quite as easy, but still doable.

Interestingly enough, the gold dollars have absolutely no gold in them. I'm a bank teller and alot of people save the gold dollars thinking that they are getting some gold. Sorry folks, doesn't work that way : )

The total composition is 88.5% copper, 6% zinc, 3.5% manganese, and 2% nickel.

Martin

Gave 'em to my grandaughters a few minutes ago, so they would pester mom to get an ice cream cone on the way home before supper. Hehehe

geo

Mallard........Was that a lame duck President?
:rotfl: