So the new Presidential Gold Dollars have started coming out. As of now there are two out; George Washington and John Adams. I have one of each, but I've rarely seen them anywhere. They also have Presidential Spouse ten dollar gold coins (actually made out of .9999 gold) starting with Martha Washington on June 19. Any comments on this?
haha, I remember when the Sacajawea coins came out (back in 2000). We'll see how these do. Ironically, my roommate was just showing them to me a few minutes ago :P
Yeah, I still have one Sacajawea dollar. Maybe it'll be worth $1.01 in the future if I keep it. But the state quarters were a big success so a new series like this might look good. But until they stop making the paper dollar there won't ever be a coin to replace it. Just like the metric system still isn't the primary system in the United States.
Depends on how the currencying goes. From what I understand, originally our paper money was backed by gold and silver, now it's not. Hence, major inflaltion becomes an option.
What's the metal value of the coins? (Amnt Metal * $/oz) If that's high enough, the coins may be worth more for their metal value than their 'normal' value. They had a similar problem with dimes, quarters, and higher back when those were made out of silver; people would shave the edges off, then use the coin. After a while, the shaved silver was a pile large enough to be worth something in its own right. That's why they started putting ridges around those coins; shaving the ridges would be obvious.
I think the government is looking for a way to get rid of the one dollar bill and replace it with a coin. They've tried to do it for a while, but it never really worked. The state quarters were really popular so they thought the presidential dollars would be too. It's supposed to save the government I think 3 million or something like that each year because coins last so much longer than bill. The truth is, I don't think they will replace the dollar bill because they're still printing them. That and people in America seem to not like change too much. Like what I said before, that's why we're still on the customary system. Personally, I think it's time that we should turn over to the metric system (and start using dollar coins rather than bills).
The first two are the new presidential dollars and the third is the obverse side. The next two are the Sacajewea dollars that they tried around 2000 that never really got anywhere. The rest are just normal coins (penny, nickel, dime quarter) They also have state quarters where instead of the eagle on the tails side they have a representation of one of the fifty states. Most of them have been released but they haven't finished that program yet. There are also fifty cent pieces that are rarely seen and some older dollar coins. There are bicentinneal quarters and newer westward journey nickels too. Someone told me that one of the new westward journey nickels has already become rare enough that it's worth about two dollars to two fifty.
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