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The "This Might Be A Stupid Question, But...." Thread

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jpcher:

--- Quote from: KenveeB on May 09, 2013, 09:22:27 PM ---
--- Quote from: jpcher on May 09, 2013, 08:18:08 PM ---
--- Quote from: Dazi on May 09, 2013, 08:04:38 PM ---
--- Quote from: demarco on May 09, 2013, 07:22:32 PM --- Do most coin laundry machines accept dollar coins?

I have a bunch of the coins I'd like to take along for doing laundry when we take vacation this summer but I don't want to bother if I can't use them for that purpose.

--- End quote ---

I've never seen one that had anything other than slots for quarters.

--- End quote ---

It depends on what country you're in. Where are you traveling to?

Here in the US, I haven't seen "dollar coins" unless they were the silver old fashioned coins where you would be seriously reprimanded for actually trying to purchase something for $1 with one of those valuable coins.

In the US quarters are the norm for laundry and all other vending machines.

--- End quote ---

Really, you haven't seen the new gold ones? (Or even the Susan B. Anthony ones? Silver, but not ones anyone would consider valuable.) Some places really push those, and most new vending machines accept them. (I'm in TX.) but I wouldn't count on them for laundry. The ones that are still coin operated are old enough that they wouldn't be configured for dollar coins.

--- End quote ---

Very rarely have I seen a Susan B. Anthony coin. I didn't even know they were still being made.

And no. I haven't seen a new gold coins either.

I must live in some sort of cave! :P

(I'm in the Chicago area.)

WillyNilly:

--- Quote from: jpcher on May 10, 2013, 11:42:03 AM ---Very rarely have I seen a Susan B. Anthony coin. I didn't even know they were still being made.

And no. I haven't seen a new gold coins either.

I must live in some sort of cave! :P

(I'm in the Chicago area.)

--- End quote ---

The golden Sacagawea's have been in circulation since 2000, so they aren't really "new" anymore, just new in comparison to Susan B Anthonys.

In NYC they are very popular change from high cost vending machines, like for example if you buy a railroad ticket from a machine, often $4.50 to $19 and pay with a $20 bill, your change will be in coins, and well, quarters would be obnoxious so dollar coins it is. As a result the coins are in highest circulation in the area around the train stations, but certainly they aren't rare throughout the city.

You should be able to get them from any bank, I suggest you get a few for fun. They are super fun to give to kids.

clio917:

--- Quote from: WillyNilly on May 10, 2013, 11:48:22 AM ---
--- Quote from: jpcher on May 10, 2013, 11:42:03 AM ---Very rarely have I seen a Susan B. Anthony coin. I didn't even know they were still being made.

And no. I haven't seen a new gold coins either.

I must live in some sort of cave! :P

(I'm in the Chicago area.)

--- End quote ---

The golden Sacagawea's have been in circulation since 2000, so they aren't really "new" anymore, just new in comparison to Susan B Anthonys.

In NYC they are very popular change from high cost vending machines, like for example if you buy a railroad ticket from a machine, often $4.50 to $19 and pay with a $20 bill, your change will be in coins, and well, quarters would be obnoxious so dollar coins it is. As a result the coins are in highest circulation in the area around the train stations, but certainly they aren't rare throughout the city.

You should be able to get them from any bank, I suggest you get a few for fun. They are super fun to give to kids.

--- End quote ---

There is also a new set of presidential $1 coins. I've only ever seen George Washington "out in the wild" and only once. I think people keep them when they get them...

RebeccainGA:

--- Quote from: clio917 on May 10, 2013, 11:54:26 AM ---There is also a new set of presidential $1 coins. I've only ever seen George Washington "out in the wild" and only once. I think people keep them when they get them...

--- End quote ---
That's actually by design! They want people to keep coins out of circulation, as it increases demand for coins to be minted, which makes them money (well, the Treasury makes money).

http://www.usmint.gov/kids/coinNews/funFacts.cfm?funFactID=4

TootsNYC:
When you keep a coin out of circulation because you like how it looks, you are essentially loaning the government money interest-free.

That's what commemorative coins are for.

As for whether the $1US coins are used in laundries and vending machines:

I'd say no. I've seen a few vending machines that will take the $1 coin, but in my *own* experience I would say that's very, very rare. I would by highly surprised if "most" machines take them, even in other areas.

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