{"id":6185,"date":"2004-04-30T05:48:56","date_gmt":"2004-04-30T12:48:56","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/wp\/2004\/04\/30\/ch-ching-6.html"},"modified":"2004-04-30T05:48:56","modified_gmt":"2004-04-30T12:48:56","slug":"ch_ching_6","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2004\/04\/30\/ch_ching_6.html","title":{"rendered":"Ch-ching"},"content":{"rendered":"

The Sacagawea Dollar has been pretty much a flop, after over $65MM was spent on its roll-out. Sure, collectors grabbed some for their collection, but very few people (and businesses) actually use the thing.<\/p>\n

So what’s the best policy decision here? Obviously it’s to do something to appeal to more collectors but not make it any more usable to consumers or businesses.<\/a><\/p>\n

Putting the faces of U.S. presidents on dollar coins would entice collectors, but there still would be challenges in getting the coins into cash registers and people’s pockets, the chief of the U.S. Mint said Wednesday.
\nThe proposal would replace Sacagawea, a Lemhi Shoshone Indian who helped Lewis and Clark find their way to the Pacific Ocean, now on the front of the coin, with a rotating design approach honoring presidents in the order they served the country. The face of the coin featuring a president would change four times a year. The back of the coin would feature the image of the Statue of Liberty.<\/p>\n

While dollar coins are less expensive over their lifetime (their increased manufacturing and handling costs offset by their longer lives), those issues don’t directly impact consumers and businesses, so they’re not an incentive to change. If there’s no reason for people to switch, they won’t. Carrying dollar coins isn’t that big of a hassle (from my experience in the UK), but people will probably tend to use paper as long as it’s available.<\/p>\n

So the Mint (and Congress) need to either (a) get rid of the dollar bill, or (b) get rid of the dollar coin. Keeping both and pandering to collectors seems both inefficient and wasteful of (ahem) money.<\/p>\n

(via Sake of Argument<\/a>)<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The Sacagawea Dollar has been pretty much a flop, after over $65MM was spent on its roll-out. Sure, collectors grabbed some for their collection, but very few people (and businesses)…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9],"tags":[],"class_list":["post-6185","post","type-post","status-publish","format-standard","hentry","category-politics-law"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10681,"url":"https:\/\/hill-kleerup.org\/blog\/2006\/11\/21\/coin_coin.html","url_meta":{"origin":6185,"position":0},"title":"“Coin! COIN!”","author":"***Dave","date":"Tue 21-Nov-06 6:32am","format":false,"excerpt":"Ho-hum. Another day, another \"collectable coin\" from the US Mint -- the difference being that, well, nobody's likely to use this one any more than its predecessor. The U.S. Mint...","rel":"","context":"In "Politics & Law"","block_context":{"text":"Politics & Law","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1937,"url":"https:\/\/hill-kleerup.org\/blog\/2002\/04\/05\/failing_traditi.html","url_meta":{"origin":6185,"position":1},"title":"Failing traditions, old and new","author":"***Dave","date":"Fri 5-Apr-02 3:08pm","format":false,"excerpt":"The British tall Bobby helmet, about 150 years old, is on its way out. It tends to wobble and fall off during melees. 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After nearly 100 years of depicting U.S. presidents in somber profiles on the nation's coins, the...","rel":"","context":"In "Politics & Law"","block_context":{"text":"Politics & Law","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.hill-kleerup.org\/blog\/images\/nickel.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":25855,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/02\/01\/coin-coin.html","url_meta":{"origin":6185,"position":4},"title":""Coin! COIN!"","author":"***Dave","date":"Wed 1-Feb-12 7:48am","format":false,"excerpt":"I wish them luck (even John McCain) in pushing this forward, but unless you replace $1 bills with $1 coins, people simply won't change. And forcing a replacement like that is something that, for whatever bizarro reason, will cause a great political brouhaha. 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Some owners of the recently released George Washington Presidential coins unwittingly got a little more bang for...","rel":"","context":"In "Media & Culture"","block_context":{"text":"Media & Culture","link":"https:\/\/hill-kleerup.org\/blog\/category\/media"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.hill-kleerup.org\/blog\/images\/in_god_we_trust.gif?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/6185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=6185"}],"version-history":[{"count":0,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/6185\/revisions"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=6185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=6185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=6185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}