I am sure this has been said before but "Ike's" are not silver dollars. The last silver dollar that was made for circulation was the Peace Dollar. Other than that pretty good video.
Several things. First, calling Ikes "silver dollars" is wrong. The coins made for circulation (not collectors coins) have NO silve rin them. Ikes are simply dollar coins.
The gold dollars ARE reffered to as gold dollars.
Yes, there are plenty of coins made solely for collectors. It has been like that since day one. Proofs originally were made to give to visiting dignitaries and the like.
They made the dollar smaller because people are wussies and didnt like the pocket busters.
UH, i don't know where you got your theories as to the coin's size differences. The Ike was based on the traditional size of a silver dollar, which is twice as big as a half, the size of four quarters, and ten dimes. This was based on metal weight when the coins were made of silver. The Ike dollar was brought into circulation because casinos were using silver dollars (which always featured women) and these were being taken out of circulation because they were silver &worth more than face value.
@yurig06 but people hated lugging around huge coins so Congress and the mint tried to make a smaller coin and ended up with the terrible SBA dollar which was nearly indistinguishable from a quarter. A thicker coin, or perhaps a slightly different colored coin probably wouldn't have faired better since people have all but rejected dollar coinage since the 2000 Sacagawea dollars were released. They've faired no better with the release of the President Series...
The Eishenhower...Susan B and Sacagawea are -------------------NOT SILVER DOLLARS--------------------------- There is no Silver....and no value in them. That Same *Psuedo Silver Dollar in 1965 are still only worth ONE DOLLAR..where as the 1963 Silver Dollar is now worth about 25....The only way to rob the people..and most have no clue. We are fools.
dude, you should really read the history of american dollar coin before making this video. Why you keep saying "silver dollar" on the Sacagawea dollar. there is no silver AT ALL. And they mint only 4 presidents each year, not 5 ( like you sad ) .
And for you records : Susan B. Anthony coin was minted from 1979-1981 and one more time in 1999. Also NOT SILVER
Why do you call a coin that has no silver in it a silver dollar? Looks like you should call it a nickle or copper dollar. Or a metal dollar not silver we know a silver dollar is worth $20.
The obvious reason why dollar coins of any kind aren't being used is because the dollar bill is still being made. Bills are always preferred even though it is the more expensive way.
So where is the rest of the series? You could do reviews on the other controversial denominations of currency; penny, half dollar, $100 bill.
One reason the dollar coin will not work with the general public is the vending machine industry. They do not want to change their entire manufacturing process just to make it possible to use dollar coins.Until we can use the dollar coin in drink and snack machines ect. the dollar coins are a waste of time. And for the record, they are not silver dollars. They are copper clad. A silver dollar is made with 90% silver> Morgan Dollars, Peace Dollars, Silver eagles ect.. Do some research.
Please get your information correct when making an informative video. How difficult is it to look up facts? Your opinions are fine, just make sure you're stating the truth.
ok so at 2:31 you said the susan b anthony dollars lased a few years. they first made them in 1979 and like u said a few years but they also made very few in 1999( i have one from 1999).
The problem with dollar coins being circulated is that most people use wallets. Even if they don't use wallets, having $1 coins with them gets more bulky and heavier than paper money. The problem with changing money is that people don't want a big change. They say they do but in the end they don't.
also about the question. the government right now, as you know, has so much debt. they didn't want to have more money in debt . so, even the eisenhower dollar, the true value of the coin is only 20% of the dollar, or 20 cent. 80% of the coins are based on credit only. whereas silver dollars have no credit so, for example, morgan silver dollars are worth at least $15, not its face value $1. so the reason why dollar coins are getting smaller is the government doesn't want to waste anymore money
all three of those coins are not silver at all. (except for the S minted eisenhower and some susan b. anthony dollars). there is no coin of the sacagawea dollars, in the world, that has silver in them. people refer silvers dollars as the coins before the eisenhower dollars, such as the peace dollar, morgan dollar, trade dollar, seated liberty dollar, and so on.
The presidential dollar coin will only picture a deceased president so they will not produce the Carter, George H W Bush, Clinton, George W Bush, and Obama coins until they are no longer living.
Technically Susan B Anthony was not the first woman on a coin, Lady Liberty has been on coinage for hundreds of years including the 1oz gold double eagles, the most valuable coins ever in circulation.
The real problem with the Sacagawea dollar was that the 2000 issues were found to discolor because of the Magnesium content in the coin. So now they only strike them at the mints for collectors. They're struck at all three mints. But all in all,I think the Mint knew that other than the Ike, that the SBA, the Sacagawea, and the Presidential Dollars would not be accepted for general circulation. The mints there to make money right?
Thanks for the additional comments on the "silver" dollars. Your comments are exactly why I do these types of videos, not to be the expert, but rather to learn more about various topics by "starting the conversation." I really like the statement "the mints are there to make money" ... that is true in more ways than one!
I need to make a correction to the base metal content in the Sacagawea....it's manganese lol! Your doing great with your vids. :>) As of today the Sacagawea has .03 cents worth of metal content. Hmmm making the Sacagawea a 97% inflated coin. :>(
Hi Norcal, I can concur with Detroit concerning the Ike Dollar. The only Silver Issues(40%) were struck at the SF Mint. None of the Ikes struck for circulation (D and P) had a silver element. Also I was around when the first issues of the SBA went into cir. The main problem was consumers were mistakenly paying for items with SBA's thinking they were quarters. So the public pushed away from the coin. Next the Sacagawea were only struck in 2000 for cir. Struck only for collectors now.
Allow me to titillate yours and other viewer's minds by asking - WHAT COIN IS THE FIRST IN THE U.S. to have a President Depicted on it???? Most people will say the Lincoln Wheat Penny .... No sir, It's the 1900Lafayette Dollar containing conjoined busts of George Washington & French General the Marquis De Lafeyette where the reverse side depicts Lafayette on a horse in full regalia. This is a commemorative 90% silver coin brought about by the legendary Charles E. Barber. Good Day!
I misspelled Laf"a"yette once and a lot of the Ikes were used in casinos that's very much a fact. The average life span of a circulated $1 American note is 18 to 22 months. Most concur on 18 months though altogether. I hate making spelling errors. Good Day once again.
In 1986 the U.S. Government brought to American coinage inception Gold & Silver Bullion coins. The Silver Eagles are Pure Silver 1 Ounce coins. Mexico has their Libertad series minted bullion coins that are 1 oz, 2 oz, 5 oz pieces. The South African Krugerrand IS THE FIRST GOLD BULLION COIN EVER MINTED IN THE WORLD first minted in 1967 to date in various weight basal sizes. Anyhow, Silver Eagles are issued in Proof and Mint State conditions. The mid-90's releases are key dates in the series.
One of the unique matter about Krugerrand Bullion coins is that they have no face value. For Example, an American Silver Eagle has a face value of One Dollar featured on the reverse side. As a numismatist, I WILL NOT REFER TO SILVER EAGLES AS SILVER DOLLARS, however, many novice investors will tend to do so.
Thus the coin was modified retaining the original "reverse" side of that of the Ike Dollar variety type excluding the esoteric
( in my opinion ) reverse side of that of a Bicentennial Ike. The Susan B's were minted from 1979 to 1981. The 1981 coins minted WERE NOT RELEASED TO THE PUBLIC whereas you could only get them in government issued sets. The variety type Susan B was resumed for a year run in 1999. It's quite common to find these EVERYWHERE. All coins are collectible regardless!
The last circulatory 90% silver dollar was issued by the Philadelphia and San Francisco Mints in 1935 in that coin type of a PEACE DOLLAR. Your nebulous curiosity as to what the impetus was behind modifying the standard traditional American diameter of a "dollar denomination coin" is rather elementary. In your other video as I pointed out the size of the coin was disdaining to many in the public who found it a MAJOR NUISANCE to haul around coins of such sizes in their pockets.
Well, as a 21 year + numismatist - I must acknowledge, without any surreptitious laconic intentions, YOU MUST EDIT YOUR VIDEO IMMEDIATELY IF IT INTERESTS YOU. A (Circulatory) Silver American Dollar is a coin that has 90% silver. Even though only certain Ike Dollars that were 40% silver of which are packaged (Blue Ikes), mint sets, proof sets, or special sets - the Ike dollar in your hand IS NOT A SILVER DOLLAR NOR ARE ANY SUBSEQUENT VARIETY TYPES. A common error made by the public.
Umm, this may have been said before.... but they are not removing in god we trust. They are moving it to the front. They are doing that because some of the original 07 George washington did NOT have it. EVERY coin has in god we trust on it. The news industry had many cases, calling the Gearge W. 07 a "godless dollar"
Did I not say "In God We Trust" is being removed from the EDGE of the coin? I didn't re-watch the video to check. That is what I meant to say... I am well aware that it is simply being moved on to the coin, from the edge.
You said it was being removed from future releases, but its alright. I still understood what you were saying, I just commented it to make sure you know.
For sure, and I appreciate it. I make these video to learn more about a subject. I think of it like starting a conversation among friends. I don't claim to be an expert... I learn a lot from posting videos. It is a large part of the reason I make videos to begin with!
I'm from Wales in the UK and i would be lost with out the pound coin. I'm so glad we don't have notes for a pound, it would be crazy having that many notes in your pocket. And not to long ago i could get 2 dollar notes to 1 of my pound coins!
Simply because silver is running out. You may not know, but silver is being used up in industry faster than it comes out of the mines. You would have a coin with appreciating intrinsic value, ultimately being consumed by industry.
I don't believe that the U.S. actually uses any silver in "silver dollars." It is simply silver colored. I forget what they actual use, perhaps a nickel coating with a copper center.
Yep. Thats why the gold ones sell for much more than the value written on the coin. And the price continues to increase. Simply put, the federal reserve is inflationally fucking us.
Yeah. And in the 60s we came off the gold standard so the federal reserve doesn't need a certain ammount of gold to back each dollar they print and loan. I think thats what your talking about right? I don't think its possible for commercial banks to loan out more than they have but i could be wrong since alot of money is stored as a number on a computer. There is alot more "computer money" than there is cash, and alot more cash than gold.
Does the small one have the same weight as the big one? Maybe the weight of the smaller one isnt really worth a dollar (dishonest way to save/make money) . Or maybe the silver market dropped at the time of print, so they put the new ammount of material that 1 dollar would buy into the coins. .
As for the living presidents, the program expires once we run out of dead presidents. I also think it's 4 a year, not 5.
You should do a little research before your next Money Talks, but otherwise it's good. I'd be happy to help you with it if you want. I like your videos a lot and watch almost all of them. :)
It's true that I could stand to do some research! Putting out videos regularly is so time consuming as it is, if I add research to the process, they'll never be finished. Since I did put a bit more time into this "Money Talks" episode, I suppose I should. I'm not sure when or what the next one will be. I had a request for the $100 Bill. Seems like a logical choice. I haven't much to say about it, so I'll have to check with you! I like the Kennedy Half Dollar too, but again, not much to say.
The coin never caught on because the dollar bill still existed and it was stuck in a vicious cycle of not circulating. Finally, they made it golden to differentiate better, but it still needs to catch on. Merchants need to use it and the Federal Reserve needs to be ordered to stop printing ones.
I use them all the time and keep them in a small pouch, hearkening back to times past when money was carried in a pouch.
They're called dollar coins now, not silver dollars. The vending machine lobby in the 70s lobbied for a coin usable in machines because bills are a bitch to put in, verify, hold, etc. They succeeded and the Susie B was invented. It was supposed to be 11-sided (hence the design), but the lobby didn't want to retool their machines too much.
we have the loonie and the twoonie... no paper money lower than five. it all works out just fine.... easy for vending machines, and easy for bus fair... it's convenient.
Not only that, but Queen Elizabeth is on all our current coins. And she's still alive and kicking... seems like a silly law.
I am sure this has been said before but "Ike's" are not silver dollars. The last silver dollar that was made for circulation was the Peace Dollar. Other than that pretty good video.
jayman931 1 month ago
Several things. First, calling Ikes "silver dollars" is wrong. The coins made for circulation (not collectors coins) have NO silve rin them. Ikes are simply dollar coins.
The gold dollars ARE reffered to as gold dollars.
Yes, there are plenty of coins made solely for collectors. It has been like that since day one. Proofs originally were made to give to visiting dignitaries and the like.
They made the dollar smaller because people are wussies and didnt like the pocket busters.
smokeriderdon 1 month ago
UH, i don't know where you got your theories as to the coin's size differences. The Ike was based on the traditional size of a silver dollar, which is twice as big as a half, the size of four quarters, and ten dimes. This was based on metal weight when the coins were made of silver. The Ike dollar was brought into circulation because casinos were using silver dollars (which always featured women) and these were being taken out of circulation because they were silver &worth more than face value.
yurig06 1 month ago
@yurig06 but people hated lugging around huge coins so Congress and the mint tried to make a smaller coin and ended up with the terrible SBA dollar which was nearly indistinguishable from a quarter. A thicker coin, or perhaps a slightly different colored coin probably wouldn't have faired better since people have all but rejected dollar coinage since the 2000 Sacagawea dollars were released. They've faired no better with the release of the President Series...
yurig06 1 month ago
This has been flagged as spam show
To the Republic For Which It Stands, (One FREE Nation, Above All Gods), With Liberty And Justice For All
MagicTellaVision 7 months ago
can u get them in banks ?
MrMrmagic1998 8 months ago
I have a pretty nice collection of coins, so if anyone wants me to make a vid I will. I also have some random dollars like russian and stuff.
crysis109 9 months ago
I got some Sussie b's 1979. Are they worth anything other than the face vallue? Should I hang onto them or try to get something esle with them?
zekehooper 10 months ago
Your not the sharpest tool in the shed are you...
firefighter1348 10 months ago
I ride Trimet and when you pay cash, it gives you presidential dollars as change.
MSCompuServ 11 months ago
The Eishenhower...Susan B and Sacagawea are -------------------NOT SILVER DOLLARS--------------------------- There is no Silver....and no value in them. That Same *Psuedo Silver Dollar in 1965 are still only worth ONE DOLLAR..where as the 1963 Silver Dollar is now worth about 25....The only way to rob the people..and most have no clue. We are fools.
jsmythib 11 months ago
it was minted 1979 1980 1981 and 1999 they are still making Sacagaweas and preidential dollars.
talentedguy0 1 year ago
@talentedguy0 sry. it only 9 cents on face value.
LOL
davidlee110 11 months ago
it was minted 1979 1980 1981 and 1999
talentedguy0 1 year ago
does the bank still give silver dollars?
TheStealthx808 1 year ago
This has been flagged as spam show
dude, you should really read the history of american dollar coin before making this video. Why you keep saying "silver dollar" on the Sacagawea dollar. there is no silver AT ALL. And they mint only 4 presidents each year, not 5 ( like you sad ) .
And for you records : Susan B. Anthony coin was minted from 1979-1981 and one more time in 1999. Also NOT SILVER
SergeyPhila 1 year ago
Why do you call a coin that has no silver in it a silver dollar? Looks like you should call it a nickle or copper dollar. Or a metal dollar not silver we know a silver dollar is worth $20.
SidneyBou 1 year ago
they arent siler u fuck they r copper.... get it right
moranmk02 1 year ago
The obvious reason why dollar coins of any kind aren't being used is because the dollar bill is still being made. Bills are always preferred even though it is the more expensive way.
So where is the rest of the series? You could do reviews on the other controversial denominations of currency; penny, half dollar, $100 bill.
ThunderZone9 1 year ago
sick hair broski!
c0nsci0usness 1 year ago
It's too bad that our nation is not willing to adapt to dollar coins.
MONOPOLY35 1 year ago 6
Susan B. Anthony lasted from 1979-1981 and again in 1999.
bjnono001 1 year ago
i have a 1972 eisenhower dollar usmint and im tryen to get ride of it anyone know what there wearth
jefflcombs 1 year ago
Its worth $1.00. Unless it is in mint uncirculated condition. No scratches, with full lusrer.
BPL3377 1 year ago
One reason the dollar coin will not work with the general public is the vending machine industry. They do not want to change their entire manufacturing process just to make it possible to use dollar coins.Until we can use the dollar coin in drink and snack machines ect. the dollar coins are a waste of time. And for the record, they are not silver dollars. They are copper clad. A silver dollar is made with 90% silver> Morgan Dollars, Peace Dollars, Silver eagles ect.. Do some research.
BPL3377 1 year ago
@BPL3377 many vending machines have been accepting dollar coins for some time now, except maybe the susan b anthony and eisenhower
bangimal 9 months ago
Please get your information correct when making an informative video. How difficult is it to look up facts? Your opinions are fine, just make sure you're stating the truth.
W5WMW 2 years ago
This goes for your other "Money Talks" series. Get it right or remove it, please.
W5WMW 2 years ago
The eisenhower coin is not silver at all, its outer layer is: 75.0% Cu, 25.0% Ni
and the core is: 100% Cu
and dude, get that hair cut man lol, very womanly
Thatcrazykidbrendan 2 years ago
some were minted in Silver..but rare..
sniper4usmc 2 years ago
@sniper4usmc back in the good old days all dollar coins were silver, like the morgan dollar
mattador2792 1 year ago
ok so at 2:31 you said the susan b anthony dollars lased a few years. they first made them in 1979 and like u said a few years but they also made very few in 1999( i have one from 1999).
MrShadowcat95 2 years ago
funny person , he sounds like ernie
thawizkid09 2 years ago
you do know that none of those have silver in them...
frankfurterable 2 years ago
So... What's your point? Nice hair flick.
chillininlondon 2 years ago
THe red man's, I bet lady liberty was a blond bomb shell.
Hot.
I love white people even though they took my land, there language suck but there women are excellent.
Quannah07 2 years ago
The biggest problem with switching to coins is that coins are more difficult to spot as counterfeit. Coins don't have watermarks or security strips.
pimpmyride666 2 years ago
The problem with dollar coins being circulated is that most people use wallets. Even if they don't use wallets, having $1 coins with them gets more bulky and heavier than paper money. The problem with changing money is that people don't want a big change. They say they do but in the end they don't.
pimpmyride666 2 years ago
also about the question. the government right now, as you know, has so much debt. they didn't want to have more money in debt . so, even the eisenhower dollar, the true value of the coin is only 20% of the dollar, or 20 cent. 80% of the coins are based on credit only. whereas silver dollars have no credit so, for example, morgan silver dollars are worth at least $15, not its face value $1. so the reason why dollar coins are getting smaller is the government doesn't want to waste anymore money
arrroman 2 years ago
all three of those coins are not silver at all. (except for the S minted eisenhower and some susan b. anthony dollars). there is no coin of the sacagawea dollars, in the world, that has silver in them. people refer silvers dollars as the coins before the eisenhower dollars, such as the peace dollar, morgan dollar, trade dollar, seated liberty dollar, and so on.
arrroman 2 years ago
The presidential dollar coin will only picture a deceased president so they will not produce the Carter, George H W Bush, Clinton, George W Bush, and Obama coins until they are no longer living.
plogjayhawk7568 2 years ago
Technically Susan B Anthony was not the first woman on a coin, Lady Liberty has been on coinage for hundreds of years including the 1oz gold double eagles, the most valuable coins ever in circulation.
DontTread0nMe1776 2 years ago
John Adams was an asshole...
Thomas Jefferson was better.
unicornxd 2 years ago
sweet!!!!!!!!!!!!!! love your vids
bradydoughtygmail 2 years ago
why is obama on a coin!
random0vids 2 years ago 9
Because he is a good president!!
plogjayhawk7568 2 years ago
@plogjayhawk7568 WOW U KNO NOTHING WORST PRESIDENT EVER
guitarplayer1338 2 years ago
@random0vids YEA RLLY!!!!!!!!!!!!!
guitarplayer1338 2 years ago
just 4 years 1979,1980,1981,and 1999
sgtnight6 2 years ago
LOL! And I agree about the Ike Dollar, American's were looking for the real essense of money as the Morgan and Peace dollars had given us.
SouthernLibertyAmer 3 years ago
The real problem with the Sacagawea dollar was that the 2000 issues were found to discolor because of the Magnesium content in the coin. So now they only strike them at the mints for collectors. They're struck at all three mints. But all in all,I think the Mint knew that other than the Ike, that the SBA, the Sacagawea, and the Presidential Dollars would not be accepted for general circulation. The mints there to make money right?
SouthernLibertyAmer 3 years ago
Thanks for the additional comments on the "silver" dollars. Your comments are exactly why I do these types of videos, not to be the expert, but rather to learn more about various topics by "starting the conversation." I really like the statement "the mints are there to make money" ... that is true in more ways than one!
NorCalCorsello 2 years ago
I need to make a correction to the base metal content in the Sacagawea....it's manganese lol! Your doing great with your vids. :>) As of today the Sacagawea has .03 cents worth of metal content. Hmmm making the Sacagawea a 97% inflated coin. :>(
SouthernLibertyAmer 2 years ago
Hi Norcal, I can concur with Detroit concerning the Ike Dollar. The only Silver Issues(40%) were struck at the SF Mint. None of the Ikes struck for circulation (D and P) had a silver element. Also I was around when the first issues of the SBA went into cir. The main problem was consumers were mistakenly paying for items with SBA's thinking they were quarters. So the public pushed away from the coin. Next the Sacagawea were only struck in 2000 for cir. Struck only for collectors now.
SouthernLibertyAmer 3 years ago
Allow me to titillate yours and other viewer's minds by asking - WHAT COIN IS THE FIRST IN THE U.S. to have a President Depicted on it???? Most people will say the Lincoln Wheat Penny .... No sir, It's the 1900Lafayette Dollar containing conjoined busts of George Washington & French General the Marquis De Lafeyette where the reverse side depicts Lafayette on a horse in full regalia. This is a commemorative 90% silver coin brought about by the legendary Charles E. Barber. Good Day!
DetroitLove4U 3 years ago
I misspelled Laf"a"yette once and a lot of the Ikes were used in casinos that's very much a fact. The average life span of a circulated $1 American note is 18 to 22 months. Most concur on 18 months though altogether. I hate making spelling errors. Good Day once again.
DetroitLove4U 3 years ago
In 1986 the U.S. Government brought to American coinage inception Gold & Silver Bullion coins. The Silver Eagles are Pure Silver 1 Ounce coins. Mexico has their Libertad series minted bullion coins that are 1 oz, 2 oz, 5 oz pieces. The South African Krugerrand IS THE FIRST GOLD BULLION COIN EVER MINTED IN THE WORLD first minted in 1967 to date in various weight basal sizes. Anyhow, Silver Eagles are issued in Proof and Mint State conditions. The mid-90's releases are key dates in the series.
DetroitLove4U 3 years ago
One of the unique matter about Krugerrand Bullion coins is that they have no face value. For Example, an American Silver Eagle has a face value of One Dollar featured on the reverse side. As a numismatist, I WILL NOT REFER TO SILVER EAGLES AS SILVER DOLLARS, however, many novice investors will tend to do so.
DetroitLove4U 3 years ago
Thus the coin was modified retaining the original "reverse" side of that of the Ike Dollar variety type excluding the esoteric
( in my opinion ) reverse side of that of a Bicentennial Ike. The Susan B's were minted from 1979 to 1981. The 1981 coins minted WERE NOT RELEASED TO THE PUBLIC whereas you could only get them in government issued sets. The variety type Susan B was resumed for a year run in 1999. It's quite common to find these EVERYWHERE. All coins are collectible regardless!
DetroitLove4U 3 years ago
The last circulatory 90% silver dollar was issued by the Philadelphia and San Francisco Mints in 1935 in that coin type of a PEACE DOLLAR. Your nebulous curiosity as to what the impetus was behind modifying the standard traditional American diameter of a "dollar denomination coin" is rather elementary. In your other video as I pointed out the size of the coin was disdaining to many in the public who found it a MAJOR NUISANCE to haul around coins of such sizes in their pockets.
DetroitLove4U 3 years ago
Well, as a 21 year + numismatist - I must acknowledge, without any surreptitious laconic intentions, YOU MUST EDIT YOUR VIDEO IMMEDIATELY IF IT INTERESTS YOU. A (Circulatory) Silver American Dollar is a coin that has 90% silver. Even though only certain Ike Dollars that were 40% silver of which are packaged (Blue Ikes), mint sets, proof sets, or special sets - the Ike dollar in your hand IS NOT A SILVER DOLLAR NOR ARE ANY SUBSEQUENT VARIETY TYPES. A common error made by the public.
DetroitLove4U 3 years ago
they still make silver dollars today they are called silver eagles they are 100% silver,they are bullion coins,they go for $20 to $40.
tonyserporno 3 years ago
in 1999 they brought back the sba dollar because the post office needed dollar coins.
captiontexas 3 years ago
you know more then the tour gides at the mint you should get an job there.
captiontexas 3 years ago
Umm, this may have been said before.... but they are not removing in god we trust. They are moving it to the front. They are doing that because some of the original 07 George washington did NOT have it. EVERY coin has in god we trust on it. The news industry had many cases, calling the Gearge W. 07 a "godless dollar"
GoingSpartan061 3 years ago
Did I not say "In God We Trust" is being removed from the EDGE of the coin? I didn't re-watch the video to check. That is what I meant to say... I am well aware that it is simply being moved on to the coin, from the edge.
NorCalCorsello 3 years ago
You said it was being removed from future releases, but its alright. I still understood what you were saying, I just commented it to make sure you know.
GoingSpartan061 3 years ago
For sure, and I appreciate it. I make these video to learn more about a subject. I think of it like starting a conversation among friends. I don't claim to be an expert... I learn a lot from posting videos. It is a large part of the reason I make videos to begin with!
NorCalCorsello 3 years ago
I'm from Wales in the UK and i would be lost with out the pound coin. I'm so glad we don't have notes for a pound, it would be crazy having that many notes in your pocket. And not to long ago i could get 2 dollar notes to 1 of my pound coins!
Ibsonlovesyou 3 years ago
Simply because silver is running out. You may not know, but silver is being used up in industry faster than it comes out of the mines. You would have a coin with appreciating intrinsic value, ultimately being consumed by industry.
climatebabes 3 years ago
I don't believe that the U.S. actually uses any silver in "silver dollars." It is simply silver colored. I forget what they actual use, perhaps a nickel coating with a copper center.
NorCalCorsello 3 years ago
Changing the silver dollar to be smaller because of poker chips... It seems like a good theory.
420lezlie420 3 years ago
The price of silver is now about $15.00 per ounce.
The dollar is worth 1/15th of what it was in the 1960's.
Gold is currently about $872.00+ per ounce.
A $15.00 silver coin?
$1000.00 gold coin??
tomken8dy 3 years ago
Yep. Thats why the gold ones sell for much more than the value written on the coin. And the price continues to increase. Simply put, the federal reserve is inflationally fucking us.
brandonshred1 3 years ago
Local banks loan out ten times more money than they have.
THAT causes big time inflation.
tomken8dy 3 years ago
Yeah. And in the 60s we came off the gold standard so the federal reserve doesn't need a certain ammount of gold to back each dollar they print and loan. I think thats what your talking about right? I don't think its possible for commercial banks to loan out more than they have but i could be wrong since alot of money is stored as a number on a computer. There is alot more "computer money" than there is cash, and alot more cash than gold.
brandonshred1 3 years ago
Correct o all counts but it IS possible for banks to loan out ten times more money than they have.
"Fractional Reserve Lending" is legalized fraud.
That very large mortgage check people got before this "downturn" was just a piece of paper with numbers ob it.
The bank said it was money so everyone accepted it as money.
tomken8dy 3 years ago
Hm i bet they lend to eachother and then cause even more crap.
brandonshred1 3 years ago
when they formed the Federal Reserve they pitched in to the fund by "borrowing"
from each other.
In other words, our government ponied up their full share while the bankers gave nothing.
A rip-off from day one.
tomken8dy 3 years ago
Does the small one have the same weight as the big one? Maybe the weight of the smaller one isnt really worth a dollar (dishonest way to save/make money) . Or maybe the silver market dropped at the time of print, so they put the new ammount of material that 1 dollar would buy into the coins. .
brandonshred1 3 years ago
As for the living presidents, the program expires once we run out of dead presidents. I also think it's 4 a year, not 5.
You should do a little research before your next Money Talks, but otherwise it's good. I'd be happy to help you with it if you want. I like your videos a lot and watch almost all of them. :)
kirby4d 3 years ago
It's true that I could stand to do some research! Putting out videos regularly is so time consuming as it is, if I add research to the process, they'll never be finished. Since I did put a bit more time into this "Money Talks" episode, I suppose I should. I'm not sure when or what the next one will be. I had a request for the $100 Bill. Seems like a logical choice. I haven't much to say about it, so I'll have to check with you! I like the Kennedy Half Dollar too, but again, not much to say.
NorCalCorsello 3 years ago
Well a good read of the wikipedia page and related links should be enough. :)
kirby4d 3 years ago
The coin never caught on because the dollar bill still existed and it was stuck in a vicious cycle of not circulating. Finally, they made it golden to differentiate better, but it still needs to catch on. Merchants need to use it and the Federal Reserve needs to be ordered to stop printing ones.
I use them all the time and keep them in a small pouch, hearkening back to times past when money was carried in a pouch.
kirby4d 3 years ago
They're called dollar coins now, not silver dollars. The vending machine lobby in the 70s lobbied for a coin usable in machines because bills are a bitch to put in, verify, hold, etc. They succeeded and the Susie B was invented. It was supposed to be 11-sided (hence the design), but the lobby didn't want to retool their machines too much.
kirby4d 3 years ago
Average Circulation life of paper dollar: 18 months
Average Circulation life of metal coin: 30 years
tyronebiggums3 3 years ago
Yep money talks lol
Emzieroy 3 years ago
what? really? the states are strange...
we have the loonie and the twoonie... no paper money lower than five. it all works out just fine.... easy for vending machines, and easy for bus fair... it's convenient.
Not only that, but Queen Elizabeth is on all our current coins. And she's still alive and kicking... seems like a silly law.
prettyposeur 3 years ago
The law is to prevent reverence of the living and cult of personality type things.
kirby4d 3 years ago