Quote:
Originally Posted by zcaveman
All of these posts have not answered the original question. What dollar coin are we talking about?
The government cancelled the normal distribution of the US President gold dollars to the banks so that is not them. I did see something that they were planning on putting out gold dollars with the president's wives on them but I HOPE that was a dream.
I wish the OP would enlighten us as to what brought on this thread.
BTW: I agree that the only way to get the dollar coin into circulation would be to quit printing the dollar bill. But this is a government that will not quit minting the penny and the nickel even though it cost 2.00 cents to print a penny and 10.09 cent to print a nickel.
Cost to Make Penny and Nickel Declines But Still Double Face Value | Coin Update
The US mint has stored billions of dollars of the presidential gold dollar coins because no one wants them.
U.S. Suspends Production of Presidential $1 Coins - ABC News
They should cut their losses and flood the market with the gold dollars and suspend the one dollar printing to see how it goes.
Z |
I thought it was pretty clear, there have been numerous articles in the news and in print about once again issuing dollar coins, in fact I think I read one article in Forbes where the coins were actually already minted. The articles were all about savings.
My post mainly questioned why try it again when it failed so badly the first two times.
I agree without a mandate to do away with the paper dollar this has very little chance in success either.