No More President Dollars?

[NDFarmer]

Just got my latest copy of Numismatic News. On the cover there is a story that says they are thinking of stopping the president coin series. Which I guess is no surprise they have over a billion of them stacked up in the federal reserve vaults and no one wants to use them. I kind of like them. I use them once in a while for small purchases. I always wonder what kind of response I am going to get when I hand a couple to the clerk.

But that figures they would discontinue the only series I decided to collect and have really tried to keep current on each time one comes out. Well I guess if they do stop the series I can just start spending all those unopened rolls I have. I won't have to ask at the bank for a couple of rolls like I do now when I go in there.

Do you think if they made a higher denomination coin people would use them? Seems to make more sense to me. If you could carry a couple of $20.00 coins in your pocket you are more likely to do that than carry 40 of these president dollar coins around.

[Cerulean]

I don't want them to stop the Presidential dollars.

I want them to stop the $1 bill.

[Kurr]

It all depends on the banks attitude towards them as to how well they circulate.

Tellers hate halves and dollars.

Plus the .88 sienorage on them, the fed dislikes that.

[reddirtcoins]

Looks to me that they are going to cut back from 4 to 2 coins. They also might delay up to 15 years... But reading those HB's makes little sense sometimes.
http://www.govtrack.us/congress/billtex ... =h112-2760
http://www.govtrack.us/congress/billtex ... =h112-2789
http://www.govtrack.us/congress/billtex ... =h112-2778

[fb101]

The also stopped the direct ship program using credit cards. You have to send a check or MO.

[henrysmedford]

A good read on that http://www.npr.org/2011/06/28/137394348/-1-billion-that-nobody-wants also we have them all see http://www.realcent.org/viewtopic.php?f=15&t=7744.

[Know Common Cents]

I have a friend who carries several Prez dollars with him while golfing. He says their gold color makes a good ball marker on the green. Not being a golfer, I can't say whether someone has actually found a practical use for these or he's just a goof. He also said that he incorporates the Prez dollars into part of the tip he gives to the caddy. He laughingly said there's been a couple times when the caddy has looked at him completely baffled about what they are.

Secretly, I believe he was one of the now-banned people who was using his credit card to purchase $250 boxes from the Mint to pump up his frequent flier miles. Of course, he unequivocally denies doing this, but seems to me he's taking a lot of vacations...................

[inflationhawk]

I don't want them to stop the Presidential dollars.

I want them to stop the $1 bill.

Agreed, and there are others like us...

http://www.washingtonpost.com/opinions/ ... story.html