November 20, 2006

Mint and Strippers

Looks like they're going to release a new type of dollar coin. This one will have presidents on it. Here's the page with the schedule of which presidents will be featured, and when.

(Me: "Looks like we have to wait until 2016 to get a Nixon coin."

Ryan: "I don't want a Nixon coin. I hope I don't live that long.")

I liked the old Sacagawea coins, but they'll still be making those for a while.

Dollar coins have failed to catch on with the American public in the past, and the mint is hoping these reverse that trend.

Personally, I think we need to get rid of the penny and the paper dollar bill. And adopt a dollar coin, and maybe a 2 dollar coin like some other countries.

Strippers oppose my opinion because they don't want dollar coins placed in their skimpy costumes and stripper patrons oppose my opinion because they don't want to have to hand over 5-dollar-bills to strippers.

Posted by James at November 20, 2006 3:47 PM
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I wouldn't mind getting rid of pennies except for the fact that I could see businesses working out how to make all transactions work out to extra free money in their favor (i.e. everything priced $1.01 so you have to give them a nickel and they can't give you change).

However, I don't see the logic of $1 coins. I'm assuming (possibly incorrectly) that coins take more resources in materials and energy to make. What would the logic of producing dollar coins aside from the idea that people might spend them more easily? The downside, to me, is less judicious use of our resources with no upside that I can readily see.

Posted by: DG at November 20, 2006 3:56 PM

The coins are much more durable and cheaper for the government to maintain over time.

Also, coins are cheaper to mechanically process than bills (fewer jamming issues).

Posted by: James at November 20, 2006 4:20 PM

Bah, boring. Well, I mean, not the prostitute part. But presidents? That's the best they could think up? At least the state quarters are fun because you wonder what they're going to put in the purty picture.

Posted by: Maggie at November 20, 2006 4:52 PM

Coins can last for decades, even centuries if properly cared for. The average bill has a much much shorter lifespan, and BTW, is easier to counterfeit.

I have to believe that making 1000 bills is cheaper than making 1000 coins. But making 10 years worth of bills versus 10 years worth of coins? I bet the coins are cheaper in the long run.

Posted by: Chuck S. at November 20, 2006 5:00 PM

It's strippers, not prostitutes. I made that part up.

Posted by: James at November 20, 2006 5:00 PM

Clinton should get a coin. He loves strippers. I don't think strippers would mind a Clinton coin. I want a Clinton coin. I'm going to open up my own mint and start my own currency system.

Posted by: Derek at November 20, 2006 5:03 PM

Next to Clinton most other Presidents are strippers, since he beats the pants off of them.

Posted by: Chuck S. at November 20, 2006 5:06 PM

Wait Sacagawea was a stripper? Damn you totally didn't get that from her coin. What a rip off.

Posted by: Chuck S. at November 20, 2006 5:07 PM

I don't know about today, but in '95 it cost about 8 cents to produce a coin. It cost about half that to produce a dollar bill.

Dollar bills last about 1.5 years. Coils last a whole hell of a lot longer.

Posted by: James at November 20, 2006 5:12 PM

Dear Franklin Mint,

My special edition Sacagawea dollar came tarnished and scratched, and in your advert she was wearing cat-ears, not bunny ears. Please send me a refund at once!

Ima Neumismatist

Posted by: Chuck S. at November 20, 2006 5:14 PM

Until they come up with a schedule for taking the bills out of circulation, it is difficult to see this as anything more than a stunt for them to make a profit. Which is fine with me, as long as I don't hear any mint or treasury people whining (yet again) that the coins aren't catching on.

Posted by: Julie at November 20, 2006 5:17 PM

Sorry... stripper, not prostitute.

I rely on this blog for accurate information, by the way. Please let me know in advance when you're going to make shit up. I took that seriously!!

Posted by: Maggie at November 20, 2006 9:13 PM

I wish they'd do away with both the $1 bill and the penny. They have to round now. Last time I checked 5% of say 97 cents is 4.85 cents. I'm being ripped off I want my 0.15 cents back. Bring back the ha-penny! When a unit of currency becomes worth so little that it's not even worth your time and effort to bend over to pick one up then it's time for it to go.

Posted by: B.O.B. (bob) at November 21, 2006 8:32 AM

These wont catch on until we get rid of the dollar bills, and that wont happen. Too bad, too, cause I like dollar coins.

Posted by: bob McCown at November 21, 2006 9:58 AM

If we get rid of paper dollars and go with coin dollars, I'd like to ask clothing manufacturers to put more pockets in women's clothing.

Not every woman carries a purse.

Posted by: at November 21, 2006 10:41 AM

That was me, by the way.

Posted by: Patti M. at November 21, 2006 10:41 AM

Given the choice between a Nixon quarter and a Harding quarter... hmmm... I'd probably take Nixon. Now there's a "Would You Rather" for ya.

Posted by: Chuck S. at November 27, 2006 10:17 AM

Would the Nixon quarter show him with his arms up, displaying the "V for victory" hands?

I would prefer not to have him in my pocket, but it would be better than being forced to participate in the Regan love-in with a Regan quarter.

Can't believe I just said that. Well, there it is.

Posted by: Patti M. at November 27, 2006 10:31 AM

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