Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsVancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Re-Introducing The $5 And $10 Coin

To participate in the forum you must log in or register.
First Page Previous Page  Showing last 15 replies.
Author Previous TopicReplies: 32 / Views: 5,096Next Topic Page 3 of 3
Valued Member
United States
317 Posts
 Posted 04/20/2014  2:55 pm  Show Profile   Bookmark this reply Add PennyPiggy to your friends list

Quote:
Switzerland and Japan both have circulating coins worth more than $5 USD.


The 500 Yen coin is thick and heavy compared to US coins and annoying to carry around and I wouldn't be surprised if that coin is heavily counterfeited.
Pillar of the Community
Canada
2805 Posts
 Posted 04/21/2014  02:33 am  Show Profile   Bookmark this reply Add nalaberong to your friends list
Are we talking about the same coin? It's about SBA-sized. As for counterfeiting, it's as good as it gets (slanted reeding, lateral image, micro-printing) with security - the CHF5 coin is even better because of its excuse edge lettering. I would not be surprised if the U.S. Mint managed to come up with even better security features, especially in the bimetallic and polygonal form.

Slightly large coins also offer more space for the designs, which I think we would all appreciate. The current presidential lineup is boring and this is also an opportunity for change and excitement.

Also, how much harm is it to put coins in your pocket? Do they chafe? Do you walk off-balance? Try carrying a dozen quarters one day and 6 halves the next (and not many circulating coins today exceed the size of the American half), see if there's any noticeable difference between the two. The "difficult to carry" argument has been thoroughly discredited in any country where the coins come bigger than U.S. quarters.
Valued Member
United States
317 Posts
 Posted 04/21/2014  11:56 am  Show Profile   Bookmark this reply Add PennyPiggy to your friends list
Its not the size of a SBA nor is it as large as a Kennedy but its very thick. And it was annoying carry around in Japan with limited pockets/no pockets in the summer.
Pillar of the Community
United States
6130 Posts
 Posted 04/21/2014  12:31 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list
I think the main issue is that 90% of Americans can't be bothered to make a trip to the coin jar to get change before they head out shopping. Sure, it's not much of a hassle to carry around a few coins, but why bother getting those coins if they aren't already in your pocket? It's much easier to just break a $100 or $20 on your first transaction and use that change until you change pants.

Also a few other things to consider from a former cashier:

1. Bills are difficult to swipe from a cash till without being caught on camera. A little sleight of hand can remove a coin without being noticed. At my old work, cashiers would "borrow" quarters to get a snack from the vending machine all the time. My old work would give cashiers a +/- $10 per day; $30 per week window of error before a write-up would be issued.

2. Going off of the above, I can't tell you how many times I had a customer drop a quarter and lose it under lord knows where. Standard procedure was to just give them another one if you saw it was an accident. Imagine if you learned how to drop a $10 coin in a way that you could control where it rolled so another person could pick it up before the cashier found it.

3. Most cashiers don't know the security features of American paper money. We were instructed to only check $50 and $100. As previously stated, even if state-of-the art anti-counterfeiting measures were used on these coins, most simply wouldn't check them. As an example, one of my friends asked me to take a look at his coin collection several years ago to see if there was anything valuable. He had 3 1980-something British pound coins--of those, two were counterfeit. He had no idea and didn't think to check that the edge lettering was literally scratched in by hand.
Pillar of the Community
United Kingdom
837 Posts
 Posted 04/21/2014  2:36 pm  Show Profile   Bookmark this reply Add DaytR to your friends list

Quote:
The 500 Yen coin is thick and heavy compared to US coins and annoying to carry around


I just checked , the 500 Yen coin is 7.1g , 26.5mm in diameter which makes it lighter than than a British 2 pence or the clad half dollar and slightly less diameter than the British 2 pound coin .....so the 500 Yen doesn't sound too heavy
Edited by DaytR
04/21/2014 4:06 pm
Valued Member
United States
317 Posts
 Posted 04/21/2014  5:47 pm  Show Profile   Bookmark this reply Add PennyPiggy to your friends list
I was wrong, you people are right. I grabbed a 500 yen coin and placed it over an SBA and they are nearly identical in size.

I just had a bad experience with the coins while over there I guess. I just remember everything needing 100 or 500 yen coins and it was annoying, but whatever.
Bedrock of the Community
United States
17884 Posts
 Posted 04/22/2014  09:28 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I just remember everything needing 100 or 500 yen coins and it was annoying, but whatever.

If everything was needing a 500 yen coin they should have been leaving your pockets as fast as they were entering them. you should probably never have had a reason to have more than one of them on you.
Pillar of the Community
United States
613 Posts
 Posted 04/22/2014  10:58 am  Show Profile   Bookmark this reply Add billymac11 to your friends list
I'm all for high value coins
Valued Member
United States
381 Posts
 Posted 04/22/2014  7:15 pm  Show Profile   Bookmark this reply Add jeffreyice1 to your friends list
The problem is with the cash drawers in every shop! Unless you get ride of the penny's and the nickels you cant add the coin
Bedrock of the Community
United States
20753 Posts
 Posted 04/22/2014  8:49 pm  Show Profile   Bookmark this reply Add just carl to your friends list
And just think of all the fun counterfeiters would have making a coin that is difficult to figure out if real or not. They are flooding the World with fake Silver Dollars so imagine fake $5, $10 or more coins.
However, with inflation the way it is, the $5 coin would be good for gun ball machines soon.
Pillar of the Community
Canada
1700 Posts
 Posted 04/22/2014  8:49 pm  Show Profile   Bookmark this reply Add Petersun to your friends list
$5 and $10 would encounter the counterfeit problem worse than anything else.
Moderator
Learn More...
United States
188768 Posts
 Posted 04/23/2014  09:30 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
The problem is with the cash drawers in every shop! Unless you get ride of the penny's and the nickels you cant add the coin
I like where this is going.

Still not going to happen though.
Pillar of the Community
United States
4869 Posts
 Posted 04/23/2014  1:41 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I don't think there should be a $5 or $10 coin. Can't even get dollar coins to circulate. If there were, metal prices would probably rise because of them and therefore making the cent and nickel even more to produce. I agree with having coins up to $2 but no more than that.
Pillar of the Community
1325 Posts
 Posted 04/23/2014  4:53 pm  Show Profile   Bookmark this reply Add shadz to your friends list
They need to force the $1 coin into use before trying anything else. Coins are easily misplaced so people need to get used to using $ coins to begin with and learn to be more responsible with coins before we try $5 or $10 again. Like a $10 bill blowing out of your hand with a gust of wind, that $10 coin rolling behind some shelf thing at a store would not be fun.
Valued Member
United States
144 Posts
 Posted 04/27/2014  12:03 pm  Show Profile   Bookmark this reply Add squirrel777 to your friends list
As someone who metal detects I would love to see these! I don't think we would ever see them. Maybe we would see the $1 bill eliminated and move to $1 and $2 coins like Canada uses. The last time I was there that seemed to work well IMO. That would be the way to go and eliminate the cent all together.
Page 3 of 3   Previous TopicReplies: 32 / Views: 5,096Next Topic Page 3 of 3
First Page Previous Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.34 seconds to rattle this change. Forums