Have you heard about the Presidential Dollar Coins? The US Mint is honoring our Presidents in the order of their service to our country; by producing coins with their likeness on them. The goal is to honor the Presidents, and to save the country millions in production costs that the paper dollars incur just by the wear and tear that they receive during their use. The coins are expected to be more indestructible. By lasting longer than the traditional paper dollar; it will save the United States, a good chunk of change 🙂 Sorry, I just couldn’t resist saying that!
This year’s coins are: Presidents, Monroe, Adams, Jackson and Van Buren. On the back of each coin is an image of the Statue Of Liberty. Along the edges of the coins are the words, In God We Trust and the year as well as the minting mark. You can check out their site here: http://www.usmint.gov/mint_programs/%241coin/ and there you can find out the release schedule as well as how to direct order the coins and coin boards. Most banks or credit unions either have the coins or can get them for you as well.
I have been seeing television commercials encouraging the use of the Presidential Dollar Coins. In fact, there seems to be an experiment going on by the US mint to try four test marketing communities. There are four cities that are being used to test the public’s willingness to use the coins in their daily lives. Those four cities are: Austin-Texas, Charlotte- North Carolina, Grand Rapids-Michigan, and Portland-Oregon. These cities will be urging their citizens to use the coins for everyday tasks; business owners will also be part of the plan of encouragement. It is hoped that this experiment will increase the demand from other cities to trade paper dollars for coin.
I wonder though, if technology will keep up with the experiment. Will vending machines, automated car washes, pay telephones, parking meters, toll booths, and the like accept the coins, in place of the traditional paper dollar? Will you be more likely to use the coins, use traditional dollars, or, use the coins for collecting purposes?