I've read comments by non-Tea Partiers who want the dollar coin: they tend to be liberals. They think that FedGov made a mistake by not yanking the dollar bill when the coin was introduced - i.e., "nudging" the public into accepting the coin. Strange bedfellows for the "Tea Party."
A coin is about the last thing on the mind of this tea partier.
I prefer the dollar coin over the paper bill, and I not a liberal. I too favor pulling the dollar bill from circulation, at least stop printing them.
I dislike having to pull my wallet out for a dollar. What can a dollar buy these days? It belongs with the other pocket change.
Wanna take a guess where Crane & Co., the company that manufactures the "paper" for the Bureau of Printing and Engraving, is located?
This may sound petty but I want a president on my dollar coin. The dollar coin should not be a feminist manifesto.
Put Reagan on the front, the stealth bomber on the back and stop printing $1 bills. Vending machine operators will retrofit their machines, it will be the cost of doing business, after all they paid for the more expensive bill readers when they jacked the price of a Coke over a buck.
The only people this will really hurt will be the chiropractors. The won’t be seeing all of the men with backs out of place from sitting on wallets crammed with nearly useless $1 bills.
I don't know why that would be true. Considering that the dollar buys now what a quarter did in 1975, a coin makes some good sense. I can't see anything "liberal" or "conservative" about it.
Now, if you want to speculate why the dollar's worth a quarter, we can talk liberalism.
WTF? How is the market (which is hardly free) come into play here?
Presume the last legitimate dollar was .07752 oz. fine silver. A dollar bill is now worth less than five cents.
By the same reasoning, the smallest circulating currency should be the $20, with coins for $1, $5, and $10.
Of course, there is going to have to be a dollar revaluation at some point, so the "new dollar" will be worth somewhere in the range of $50-$100 old dollars, which will restore the usefulness of the dollar bill.
Preserving the existing dollar bill as a monument to a time when things made sense is just stupid romanticism.
Another case of liberals making stuff up about us. The straw man tactic.
I can’t resist this but here is my solution 2nd essay after solving unemployment problem...Obama Reduces Natl Debt
http://www.theusmat.com/natldesksatire.htm
What does the story have to do with the Tea Party, other than the title? Except for the next to last paragraph and the title, the Tea Party isn’t even mentioned in the article.
After years of trying to trying to downplay what many had considered one of the United States’ greatest coinage failures, the U.S. Treasury Department on Oct. 21, 1997, did an about face. In testimony before the House Banking Subcommittee on Domestic and International Monetary Policy Nancy Killefer, assistant secretary for management and chief financial officer of the Treasury Department, for the first time in more than 17 years went on record encouraging production of a new circulating small-sized dollar coin to replace the Anthony dollar.
For more than a decade, the Dollar Coin Coalition – a lobbying group supported by the vending machine and mining industries – had tried to bring about circulation of the small-sized dollar coin by forcing withdrawal of the $1 Federal Reserve note. Most government and private studies, both in the United States and abroad, had determined that a dollar coin would not gain full acceptance if a $1 note remained in circulation.
Once placed in circulation, Diehl said an extensive four-month public awareness blitz would be waged via print, radio and television outlets to educate the public about using the new dollar coin.
Despite all of the Mint’s efforts to entice use and circulation of the Sacagawea dollar coin, two years after its release, few Americans had ever encountered one in circulation. In 2002 the Mint curtailed production of circulation-quality Sacagawea dollars and began producing them only for collector products.
http://www.coinworld.com/sacagawea-dollar/
I think dollar coins are more trouble than they’re worth. Seems most people don’t like them and won’t use them.
Yeah, sure, that was the problem.
Any coin above a Quarter is a royal pain in the whatsit.
How do you stuff a dollar coin in a g-string?
This isn’t a big issue for me as a Tea Partier. However, I must say that I HATE dollar coins (well, unless it’s a 1oz. Silver dollar). At present, I have 10 one dollar bills in my money clip. I’d much rather have 10 bills in a money clip as opposed to 10 $1 coins jingling around in my pocket.
They have their uses. I leave them as tips in lieu of paper dollars at restaurants I patronize. You tend to be remembered (in a positive manner :-) ). Same thing with the cocktail waitresses at the casinos. They seem to come by more often.
This is a lie. The Tea Party did not rise up for a stupid coin. Every activist who wants anything or hates anything now does it in the name of the Tea Party.
First, no one really wants a dollar coin except the government bean counters, collectors or uninformed.
Second, they are correct that leaving the dollar bill in circulation will kill any chance it will succeed. Who wants a bunch of coins instead of a convenient dollar bill? Every other country that made the switch killed off the bills and left people with NO choice.
Third, while it may save the governmemt some money in printing costs, the coins will have to be designed and made at a higher cost upfront and hope that the fact that coins last longer make it for it in the long run. The problem is the upfront cost will be enormous if the dollar bill is pulled, since billions will have to be minted.
Four, with this economy, is this really the time to add even more costs to the government in minting & distribution of these new coins.
Five, the fact that both the last 2 times this was tried came up with political correct females for the coin and the coin being only slightly larger than a quarter caused confusion, which may have also continued to their failure. The Eisenhower dollars of the 70’s were as big as the old “silver” dollars but with no silver content were also not a success.
I'm not here continuously, but I'm sure I would have seen something about COINS here if it were a genuine Tea Pary concern. I didn't; hence my puzzlement.
No room for them in cashiers’ drawers. Quantities and shipping charges aside, this is the reason retailers don’t support dollar coins.
That's not what we called them around these parts....(Phoenix)