Refuse New Coins?

I receive so many false chain e-mails, that I will truly be surprised when I receive a true one. I recently received the following piece of false/misleading propaganda:

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REFUSE NEW COINS

This simple action will make a strong statement.

Please help do this.. Refuse to accept these when they are handed to you.

I received one from the Post Office as change and I asked for a dollar bill instead.

The lady just smiled and said 'way to go’, so she had read this e -mail.

Please help out...our world is in enough trouble without this too!!!!!

U.S. Government to Release New Dollar Coins

You guessed it …

'IN GOD WE TRUST' IS GONE!!!

If ever there was a reason to boycott something, THIS IS IT!!!!

DO NOT ACCEPT THE NEW DOLLAR COINS AS CHANGE

Together we can force them out of circulation.

Please send to all on your mailing list!!!

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The e-mail even included a picture showing the face of a George Washington dollar coin, and of course, there was no inscription of "In God We Trust" to be found there.

Although it is estimated that there may have been as many as $100,000 dollars worth of presidential dollar coins mistakenly released into circulation in 2007 without the inscription, “IN GOD WE TRUST”, the vast majority of coins (over 300 million as of March 2007) do have the inscription.

Understandably, the first and largest accidental release of coins without the inscription occurred with the first Presidential dollar coin which bore the likeness of George Washington.

Many people may not at first notice the inscription, because it is not in the usual place. It has been stamped around the edge of the coin.

With the passage of the Consolidated Appropriations Act of 2008, Congress instructed the US Mint to move the inscription from the edge to either the front or back. The inscription was repositioned beginning with the first Presidential coin issued in 2009, bearing the likeness of President William Henry Harrison.

If you are intent on boycotting the coins without the inscription to get them out of circulation, then consider this: Wouldn’t you have a much greater impact if you simply accepted the coin and just refused to use it, or destroyed it? That would take it immediately out of circulation. Nevertheless, I doubt you will get the opportunity since your chances of ending up with one of these now are quite small, because most have been gathered up by collectors. The smooth edge coins have appraised for about $50. I found one being sold on ebay for $129.95!

It is so easy to fact check e-mails before you forward them. This one took me less than 5 minutes to research, and it was fun. I learned some things. Here are some useful links regarding the facts of the issue:

Snopes

Smalldollars

Coin Collector

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