Monday, February 19, 2007

New Dollar Coins to Fail

The US Mint is rolling out a new set of dollar coins this month and for the next few years. This follows on the heels of a number of aborted attempts to replace the dollar bill as a standard of US currency. Unfortunately, as so many times before, this effort is doomed for a number of reasons:
  • Vending machines not accepting the coins. Ease of use is one of the keys to getting the public to be comfortable with the coin enough to want to use it regularly. We've only ever seen one vending machine that accepted the Sacajawea dollar and never one that took the Susan B. Anthony.
  • The regular paper dollar is still out there. The only reason Canadians accepted and used the one dollar "loonie" coins was that the government pulled the paper dollars out of circulation as they were taken in by retailers and banks. We still have some Canadian paper dollars lying around here somewhere from a few fishing trips and when we bring them up north, the citizens are amazed to see their old paper dollars outside of a museum.
  • Strippers can't put dollar coins in their thongs. Seriously. How are guys (and gals) going to tip for lap dances and the like with dollar coins? A roll of these things is going to be awfully inconvenient when out for a weekend worth of fun. Especially cheap coppers - they aren't going to be tossing five dollar bills around and who ever sees a two dollar bill anymore?
Just a few thoughts.



Anonymous Anonymous said...

The big problem is the first white metal Susan B. Anthony dollar coin. They look and feel too much like quarters. The banks must still have millions of these gathering dust in the vaults.

So what do the banks do if you ask for a $25 roll of dollar coins? They hand you a roll of yellow metal Sacagwea dollar coins mixed with the Susan B. Anthonys.

I liked giving the gold colored Sacagawea coins as tips to waitresses and gifts to kids. It was fun to watch them go crazy trying to peel the foil off the chocolate.

2/19/2007 12:01:00 AM  
Anonymous Anonymous said...

i have heard that the 2$ bills are popular at strip clubs but i have not seen them.

2/19/2007 02:20:00 AM  
Anonymous Anonymous said...

I think they're cool. Gonna go to the bak and get me some tomorrow...

2/19/2007 03:00:00 AM  
Anonymous Anonymous said...

This coin is no good. It should have Martin or Nelson on it. Its Black History Month!

2/19/2007 07:48:00 AM  
Anonymous Anonymous said...

There are two reasons why these coins do not take off like other countries. First is the paper dollar is still in circulation and the other is the need for a two dollar coin like the other countries have. If you buy something under a dollar you can't expect anyone to be happpy to put 4 large coins in their pocket. As for vending machines the second that the paper dollar disappears they will be fitted with the capability of taking one or two dollar coins.

2/19/2007 07:56:00 AM  
Blogger happyjoyjoyjoy said...

It is a dream come true for the mint. Make something people will have and never get to use. Its like stamp collecting. The post office loves it.
Anyway monkey says dollar coins will work great at the chimp strip clubs. they just eat the tips and poop them out later.

2/19/2007 10:57:00 AM  
Blogger George W. Bush said...

Who can afford to tip a stripper $2 at a time anyway?

The dollar coins work okay, as long as I'm wearing tighty-whiteys. They do fall out of the thong.

The full-monty girls up in Windsor have a way of holding the loonies even without undies - worth the trip!

2/19/2007 11:58:00 AM  
Anonymous Anonymous said...

the dollar is failing.

2/19/2007 02:37:00 PM  
Anonymous Anonymous said...

They actually wanted to put P.O. Donnie Barrett on the front of the new dollar coin but they figured they couldn't color his nose brown on a gold coin. But just like a coin in one's pocket his face is used to having belly button lint on it.

2/19/2007 05:04:00 PM  
Anonymous Anonymous said...

shittt, joe aint going to take these new coins when i try to buy my blows. he going to say "what da fuck is dis shit". sho me some greenbacks or getz the fuck out of here white boy !@#$

2/20/2007 12:22:00 AM  
Anonymous Anonymous said...

Do you know how annoying dollor coins are? Travel to canada and you have like 25 bucks in your pocket that jingles all day.

Store and bank workers, not to mention stadium venues, would now have to lug 100 lbs boxes around in order to give change out to customers.

2/20/2007 12:35:00 AM  
Anonymous ass clown said...

Wow, you all must be bored. Why aren't you discussing the ass clowns running for office, I mean the aldermen and alderhoes?

A dollar coin fits well in my poonanie.

2/20/2007 12:41:00 AM  
Anonymous Anonymous said...

they should've put Meeks on the coin.
First it would honor his massive ego to be on a gold coin, second we would have him in our pocket for a change instead of him having us in his pocket.

2/20/2007 07:39:00 AM  
Anonymous Anonymous said...

Hey, even the hookers on Cicero ave won't take the dollar coins. They claim they're too hard to hide from their pimps.

2/20/2007 09:36:00 AM  
Anonymous Anonymous said...


Again great entry. You get the scoop better than Michael Sneed.
Keep up the great work!

2/20/2007 04:11:00 PM  
Anonymous Anonymous said...

SCC, whenever there is a great/educational story like this....the coppers never respond. (as of today-15 responses).

It's probably over MOST of their heads!!

Would you agree?? LOL

2/22/2007 11:20:00 AM  
Anonymous Anonymous said...

dont strippers already come with a built in coin slot. keep da change

2/24/2007 01:18:00 AM  

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