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When Will The Dollar Coin Prevail?

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Pillar of the Community
United States
4901 Posts
 Posted 06/10/2014  07:12 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list

Quote:
As long as the US keeps the one dollar bill, the dollar coin will never take off.


That about says it all....
Bedrock of the Community
United States
17884 Posts
 Posted 06/10/2014  07:57 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Besides, think of how performance artists would feel having coins thrown at them all day/night long for tips!

Think how they will feel when there are no more ones but plenty of two dollar bills for tips.

What I find interesting is how the plight of how the performance artists will receive tips is always so foremost in the minds of those who are against discontinuing the dollar note. I have to wonder are they just cheap, or do they know some performance artists real well?
Bedrock of the Community
United States
20753 Posts
 Posted 06/10/2014  09:55 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
@ just carl - My memory is a little hazy, but the $2 bill was discontinued around 1966, reintroduced in 1976, and has been printed on and off ever since. I recall reading an article that new 2014 $2 bills will be entering circulation shortly.

So like I said, I can get them at my bank any time. They always have them just sitting in drawers since no one wants them.
At a Walmart a few days ago I noticed that the line I was in had about 5 people in front of me. ALL of them used credit or debit cards. From what I could see in the other lines, same thimg. Wonder what would happen if someone pulled out cash.
At a Zoo last weekend I noticed those machines for making plastic animals. My grandaugter has a collection of them. To make them you have to put in dollar bills. No coin slots in almost all of them. Although some had places to put Quarters instead of dollar bills. NONE had places for baby sized dollars. I also noticed that many places had machines that took dollar bills, but not easy to find any that take the baby dollar coins.

Quote:
Quote:
There's no reason to have hundreds of dollar coins on your person at once, the same as there's no reason to have hundreds of singles on your person at once.

Obviously a statement by someone that has never gone to a flea market, garage/yard,estate sale.
Edited by just carl
06/10/2014 09:57 am
Pillar of the Community
1325 Posts
 Posted 06/10/2014  7:05 pm  Show Profile   Bookmark this reply Add shadz to your friends list
more info on "COINS Act" please?

I voted other, because I think it will all happen at the same time or shortly before money all becomes plastic. credit cards and their ilk are a LOT easier and less costly to make than individual bills and coins.

i will amend my other vote once I learn more about this "COINS Act" if need be in a future post.
Pillar of the Community
United States
573 Posts
 Posted 06/10/2014  8:34 pm  Show Profile   Bookmark this reply Add StJoeBlues to your friends list

Quote:
She should of had a $5


Really? You're going to go there? That takes some nerve to think that you have the right to tell someone else what to do. There's quite a bit of that in this thread, people who think they know better than everyone else:

Quote:
I often wonder if it is Nostalgia , Stubbornness or Stupidity that is the driving force to keep the 1 cent, $1 and $2 bills in circulation.
Stupidity? Seriously? You guys need to get off your high horses and realize that your opinions mean diddly squat to the rest of us.

When it used to take $2.50 to fill a gas tank, carrying around a few dollar coins was no big deal. My change from 3 silver dollars would be a few quarters. With all the transactions that my wife and I do every week (we only deal with cash, no credit - oops, do I have your permission to run my finances that way?), we end up with stacks of $1.00 bills at the end of every week. I would not be happy having to deal with stacks of dollar coins rolling around my dresser, cup holder in my car, etc. That's just idiotic.
Valued Member
United States
449 Posts
 Posted 06/10/2014  10:30 pm  Show Profile   Bookmark this reply Add crazyforATB to your friends list
no reason to be all defensive...

Quote:
You guys need to get off your high horses and realize that your opinions mean diddly squat to the rest of us


everyone has opinions
including you


Quote:
dont like em dont want em

Valued Member
United States
269 Posts
 Posted 06/10/2014  10:41 pm  Show Profile   Bookmark this reply Add iontyre to your friends list
ST Joe: I seriously don't see the difference between stacks of $1 bills and stacks of $1 coins... actually the coins are less likely to blow around if you open a window and they are easier to count! Easier to use in vending machines too, bills never want to work till you 'iron' them out.
Bedrock of the Community
United States
17884 Posts
 Posted 06/10/2014  11:07 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
we end up with stacks of $1.00 bills at the end of every week. I would not be happy having to deal with stacks of dollar coins rolling around my dresser, cup holder in my car, etc. That's just idiotic.

And it shouldn't happen. You should never get back more than one dollar coin in change. And right now if you are getting a stack of ones every week I have a suggestion. Rather than letting them accumulate all week (unless you are using them for saving), USE them. Don't just automatically whip out a large denomination note for every transaction.
Edited by Conder101
06/11/2014 10:20 am
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United States
188761 Posts
 Posted 06/11/2014  09:56 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
And it shouldn't happen. You should never get back more than one dollar coin in change. And right now if you are getting a stack of ones every week I have a suggestion. Rather than letting them accumulate all week (unless you are using them for saving), USE them. Don't just automatically whip out a large denomination note for every transaction.
Bedrock of the Community
Australia
21788 Posts
 Posted 06/11/2014  10:17 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
"When will the dollar coin prevail?"

- When the Government finally makes it's mind up to stop printing dollar notes, and have the dollar coin ONLY available.

In almost every other country, the Government of that country has simply made the changes as significant at that proposed in the above question, with little or no Public discussion.
In almost every case, the Public has simply accepted the change, usually with minimal complaint.

Ultimately it's not really all that much of a big deal.
Dollar coins are cheaper in the long run, and thus save the Public significant expense.
Pillar of the Community
United States
573 Posts
 Posted 06/11/2014  12:46 pm  Show Profile   Bookmark this reply Add StJoeBlues to your friends list

Quote:
And it shouldn't happen. You should never get back more than one dollar coin in change. And right now if you are getting a stack of ones every week I have a suggestion. Rather than letting them accumulate all week (unless you are using them for saving), USE them. Don't just automatically whip out a large denomination note for every transaction.


Here we go again with someone telling other people how to live their lives. You don't know anything about us yet you presume to tell us how to run our finances. The hubris and arrogance of some people is astonishing. The posts that attack my wife's and my intelligence are doing nothing other than making me solidify my stance against the accursed dollar coin.
Pillar of the Community
United States
1300 Posts
 Posted 06/11/2014  1:19 pm  Show Profile   Bookmark this reply Add rupester to your friends list
Ohhh dear...i vote today!! Put em in play see what happens!! Id love to do mason jars full of dollar coins!! Make stuffing my kids piggy banks alot more valuable as well!! Hahaha I can think of about 5,000 really fun and interesting places dollar coins would be awesome!
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United States
188761 Posts
 Posted 06/11/2014  3:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Here we go again with someone telling other people how to live their lives...
Okay, I am curious, but what part of him saying "I have a suggestion" is telling you how to live your life? Am I reading it wrong?
Pillar of the Community
1325 Posts
 Posted 06/11/2014  4:46 pm  Show Profile   Bookmark this reply Add shadz to your friends list
Sadly when it comes to money, people think they they can do no wrong, and being theirs any thing anyone says is an offense because ones finacial position or such is not the business of other people.

I have known way to many in real life like this. Some even ASKED me how to manage their 4k per month income so they could pay their $400 a month rent, and they failed to do so after a month or so and couldn't figure out why.

"Because, I do what I want, YOU CAN"T TELL ME!" is what I am getting here. Same as when the cashiers at a store ask me what they are going to do with the half dollars I spend at them. To which I respond "Give them out for change", which they scoff at the idea.

Hey I have an idea too!


Quote:
we end up with stacks of $1.00 bills at the end of every week


go on a date to a club and use the ones there!

if one doesn't want opinions on fixing a system, then they should not make the details of their system public. Just don't tell people you have "stacks of ones" and call it lesson learned for the future.

Express how you don't like having a lot of coins and that be the end of it without freely and by your own choosing, divulge your finacial details publicly on a forum.

Which you really shouldn't do anyway because no telling who can read these forums that are lurking and looking for someone to prey on.

also, how does one take a general idea not directed at anyone like the one replied to


Quote:
I often wonder if it is Nostalgia , Stubbornness or Stupidity that is the driving force to keep the 1 cent, $1 and $2 bills in circulation.


and take it as a personal thing? I see nothing indicating any singular person was mentioned as being stupid. I want the peny to remain, but take no offense to someone who doesn't as they say on both accounts, "stupid is as stupid does"?

well I looked over the "coin act" from that alliance or whatever, and would hope they don't try to rush things. if we are moving to the $1 coin I say do that first. keep making the $2 as a novelty. leave the coins alone for now until you are ready to bring back halves and people are fully prepared to buy new cash registers since they already dont know what to do with cash that is not:
cent
nickel
dime
quart
dollar-bill
five
10
20

all other cash seems to always require management assistance because the drawer manufacturers are the ones who decide what design they make, and people will need to get used to things slowly with existing registe drawers before revamping the whol thing to accomodate less types of money.

4 bill slots (+1 for checks)
4 coins slots and 1 roll slot

most registers are like this, so what will they do when there is only 3 coins (dollar, quarter, dime), and 3 bills ($20, $10, $5)?

since less people use checks and more use cards, the rolls could move to beside the $20s, and the dollar coins can go beside the quarters without redesigning the trays.

i favor coins because the bill lovers and their prejudice against seeing-impaired makes me sick. or do anyone favoring bills never think how there is NOTHING that a seeing impaired person can do by themselves to distinguish a $1 bill from a $100 bill? Braille won't work on a bill, and isn't needed on coins of various sizes for various denominations.

and I am done with this thread....
Bedrock of the Community
United States
17884 Posts
 Posted 06/12/2014  10:43 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Here we go again with someone telling other people how to live their lives...... The hubris and arrogance of some people is astonishing.

Yet you have the hubris to tell us we shouldn't change from a dollar note to a coin because it would cause the inconvenience you impose upon yourself (having stacks of ones accumulate) to become even more inconvenient because YOU don't want to change how YOU do things.

Your right it is astonishing.
Edited by Conder101
06/12/2014 10:44 am
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