If they later correct the error, them numismatists will put a price on those coins higher than a dollar.
__________________
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! - Samuel Adams
That first guy got a good return on his investment - $600 for a $1 coin. And yes, I do believe that the "mistake" was on purpose. On a side note, how many people plan on using the new one dollar coins?
__________________
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! - Samuel Adams
I'm interested to actually see these new coins. I think it will be neat to have stuff impressed into the sides. It's not like the impression will be easier to wear off simply because it is on the edge than the raised lettering would be on the face or back of the coin.
I never did see many of the Susan B. Anthony dollars in it's day.
The only place I ever came across the Sacagawea dollar was a single postal vending machine at a local hospital.
In order for any $1 coin to take root in widespread daily monetary usage is for the government to require owners of pop and snack vending machines to modify their machines to accept them.
__________________
It seems to me the only thing you've learned is that Caesar is a "salad dressing dude."
I hope the government never does require them to modify vending machines. It's not the government's place to require stuff like that. They're hoping that the coins will be successful this time because they're collectible, like the state quarters that were really popular.
__________________
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. May your chains sit lightly upon you, and may posterity forget that you were our countrymen! - Samuel Adams
Well, I know that sounds awkward, but I think in this respect, it would be the government's place to require it.
Why?
Because they are coining money. Is the money only being made for collectors, or is it being made as legal tender? If it is legal tender, then it needs to be pushed into acceptance by going into widespread circulation. Otherwise, it becomes nothing more than an expensive, ultimately wasteful use of resources and tax dollars to create more novelties like the Susan B. Anthony dollar or the Sacagewea dollar or the two dollar bill. Those were all highly collectible...
With the quarters, and now nickels, these are not just collector items. They are part of the regular circulation of currency.
There could be a way the government could incent business to make the change to accept the dollar coins, thus increasing their use in circulation. Give vending machine business owners a one time tax credit for upgrading their machines money collection units.
__________________
It seems to me the only thing you've learned is that Caesar is a "salad dressing dude."
Why do we need a dollar coin? What's the government's motivations in this? I'm curious, cuz in Europe they had all sorts of coins... too many (even though some were very pretty) and well, they always took a huge amount of space in your wallet and weren't at all very portable. So I can't see why you'd want one.
--Ray
__________________
I'm not slow; I'm special. (Don't take it personally, everyone finds me offensive. Yet somehow I manage to live with myself.)
