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U.S. Gov't to Release New Dollar Coins
AP ^ | Sunday February 11, 5:19 am ET | Will Lester

Posted on 02/11/2007 3:01:28 AM PST by BenLurkin

WASHINGTON (AP) -- Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. But maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.

An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.

A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin.

"I really don't see any use for it," Larry Ashbaugh, a retiree from Bristolville, Ohio, said of the dollar coin. "We tried it before. It didn't fly."

A quarter-century ago, the dollar coin showed feminist Susan B. Anthony on the front; then one in 2000 featuring Sacagawea, the Shoshone Indian who helped guide the Lewis and Clark expedition.

The latest dollar coin will bear Washington's image, followed later this year by those of John Adams, Thomas Jefferson and James Madison. A different president will appear on the golden dollar coins every three months.

People have strong feelings about their money, even the penny, which occasionally is threatened with elimination.

When people were asked whether the penny should be eliminated, 71 percent said no, according to the poll of 1,000 adults conducted Nov. 28-30 that had a margin of sampling error of plus or minus 3 percentage points.

Some fear that getting rid of the penny will cause product prices to be rounded up, perhaps increasing inflation.


TOPICS: Business/Economy
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To: BenLurkin

Washington looks pissed in that engraving.


81 posted on 02/11/2007 6:43:27 AM PST by Extremely Extreme Extremist (Good night Chesty, wherever you are!)
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To: Jim Noble
Let's go back to Liberty.

Liberty is the one thing politicians don't want us to have.....
82 posted on 02/11/2007 6:45:52 AM PST by Kozak (Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
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To: SkyPilot
At least it had "In God We Trust" on the face.

I refuse to use or accept the new politically correct coin for this reason -- I'll ask the cashier instead for a dollar bill.

I guess replacing "One Dollar" with "$1" makes is easier for those illegals who don't read English to use? What a joke -- it looks like a casino token.


83 posted on 02/11/2007 6:47:05 AM PST by robertpaulsen
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To: TheBattman

I love dollar coins. They're very convenient, like at vending machines and at the bar.


84 posted on 02/11/2007 6:48:04 AM PST by Extremely Extreme Extremist (Good night Chesty, wherever you are!)
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To: BenLurkin

They won't release it in my pocket!

I refused to accept the last two for change and will do the same for this one.


85 posted on 02/11/2007 6:48:12 AM PST by dalereed
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To: NonValueAdded

The Pound worked fine in Britain, it was the 2p that was a pain.


86 posted on 02/11/2007 6:57:08 AM PST by SampleMan (Islamic tolerance is practiced by killing you last.)
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To: dalereed
I refused to accept the last two for change and will do the same for this one.

I'm not sure they have to oblige you.

87 posted on 02/11/2007 6:59:30 AM PST by SampleMan (Islamic tolerance is practiced by killing you last.)
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To: BenLurkin

I think the gold coloring is a visual clue to try to overcome the horrible mistake they made with the SBA being hardly different in size from a quarter.


88 posted on 02/11/2007 7:01:22 AM PST by Calvin Locke
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To: billclintonwillrotinhell
...instead of continuing the ridiculous trend of honoring professional politicians?

Because *we* don't sign the bureaucrats paychecks.

89 posted on 02/11/2007 7:04:21 AM PST by Calvin Locke
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To: BenLurkin

Some fear that getting rid of the penny will cause product prices to be rounded up, perhaps increasing inflation.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

SaaaayyyyyyyyWhaaaaaaattttttt?


90 posted on 02/11/2007 7:09:28 AM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: BenLurkin
Isn't this the $ coin that has IN GOD WE TRUST on the edge so nobody can see it?

No thanks. I like my coinage BOLD, not Politically Correct and hidden out of the way!

91 posted on 02/11/2007 7:10:47 AM PST by Gritty (If the past isn't worth defending, why should the future be? - Mark Steyn)
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To: billclintonwillrotinhell

For this action, Williams was awarded the Medal of Honor (shown above being presented by President Lyndon Johnson), which he added to his previous decorations: a Navy Cross, two Silver Stars, three Bronze Stars, the Vietnamese Cross of Gallantry, and three Purple Hearts (among others). DDG-95, an Arleigh Burke-class guided-missile destroyer, was christened the John Elliot Williams on 28 June 2003.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Let's name a coin after this brave man who recently had a destroyer named after him. This man lived as John Kerry only wanted the world to think he lived.


92 posted on 02/11/2007 7:17:23 AM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: SkyPilot

You mean the public hated this?
______________________________________________________

What do you expect? Look at the size of it!!! You can't even put it in your pocket!!! ;-)


93 posted on 02/11/2007 7:30:14 AM PST by Grizzled Bear ("Does not play well with others.")
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To: BenLurkin
Why not just release the American Silver Eagle that has been minted for minted for over twenty years into general circulation? They would just have to change the metal from pure silver to something else.

It's a beautiful design, and there would be no mistaking it for another coin.


94 posted on 02/11/2007 7:42:19 AM PST by JMK (One of the lucky few -- escaped from NJ during the Florio years!)
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To: JMK
I Agree that is a beautiful design. I still wouldn't use it for everyday transactions.

I use a money clip; can peal off what ever I need quickly, and can have 20 dollar bills in my pocket. I would not like to have 20 one dollar coins in my pocket.

I won't use this coin, and will reject it if given to me in change.

95 posted on 02/11/2007 7:57:07 AM PST by AFreeBird (This space for rent. Inquire within)
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To: JMK
Beautiful coin! But the dollar bill has to be phased out. People don't need two types of money that are the same denomination. And stubborn people will keep using the paper bill, even though the printing costs are a complete waste! :)
96 posted on 02/11/2007 8:05:45 AM PST by Dr. Bogus Pachysandra ("Don't touch that thing")
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To: Patriot28
Well thats all fine and good for you, but my .79 cent bean burrito and my .69 cent soft taco will now be costing me a dollar. That would just ruin me. LOL.

Yep, and you're $20,000 automobile will now cost you $25,000.

97 posted on 02/11/2007 8:06:59 AM PST by The Duke (I have met the enemy, and he is named 'Apathy'!)
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To: billclintonwillrotinhell

They do it stupidly is the only reason it hasn't worked. The dollar coins are ALWAYS the size of a quarter, and the biggest objection is that people accidentally spend them as quarters. Make it bigger than a quarter and distinctive, and it will work. Of course, you'd also have to stop printing the dollar bill.


98 posted on 02/11/2007 8:16:55 AM PST by Richard Kimball
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To: Uncle Ike

For the most part, we are a cashless society. Something like 95% of all money in the US doesn't exist, except as numbers in a computer. Think about it. How much of the last car or house you bought involved any actual cash? How much of your paycheck do you actually see in cash?


99 posted on 02/11/2007 8:23:03 AM PST by Richard Kimball
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To: savedbygrace

Paper money has a way of coming out of the pocket when pulling out keys or loose change. I quit putting paper money in my pockets long ago. I can’t afford to throw away money.


100 posted on 02/11/2007 8:26:13 AM PST by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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