One Dollar Coin Vs One Dollar Currency ? - Page 2

To participate in the forum you must log in or register.

Author	Replies: 24 / Views: 2,038	Page: of 2

SFDukie Pillar of the Community United States 980 Posts	Posted 03/23/2005 7:35 pm quote: Originally posted by national dealer The private company that makes the "paper" used for currency has to re-bid the contract every four years. However, since the paper is one of the tightest secrets known to man, the same company keeps getting the contract. Just another protected monopoly. Don't even get me started. We as a country state that we favor free trade, yet we pay way, way over world price for sugar. Does it at least create jobs- no. we import Carribean stoop labor to harvest cane in FL, pollute the everglades doing it (an ecosytem which exists nowhere else on the planet)and only 3 major companies reap most of the profit. Yet sugar tariffs remain. Funny, those same companies are huge political contributors... Back to numismatics- Dollar coin good. Especially when you consider that in terms of buying power, it is worth less than a quarter was in 1964. Don Report this Post to the Staff
rggoodie Moderator United States 23785 Posts	Posted 03/25/2005 07:36 am In 1966 Australia changed to decimal currency. This included a one and two dollar bill (banknote). It took until 1984 for the government to change from paper currency to coin. In 1984 the Australians canged to a one dollar coin now paper bank notes are collectors items. It was another four years before the 2 dollar note was changed to coin and in 1992 paper was done away with and the Polymer note was introduced. Point being made - if you make it they will spend it- if you take away all other options. rggoodie aka Richard "catch em doing something right" Report this Post to the Staff
bromac Valued Member Canada 195 Posts	Posted 03/25/2005 3:04 pm This subject has been pretty well covered but I might as well add my thoughts.It is absolutely true that for a coin of over one dollar to be used regularly in circulation the paper alternative needs to be removed. In Canada the one dollar coin was introduced in 1987 and the two dollar coin in 1996.There are many young clerks and cashiers who have never seen or can't remember seeing one and two dollar bills in circulation. I can't remember anyone complaining about pants or purses being weighed down with coins. My real point here concerns the two dolar coin. Introduced to replace the two dollar bill in 1996 was a bi-metal coin.For those not familiar with it I have included a scan.You would think in the nine years since the introduction of the loon dollar that people would have learned to accept a new coin. But there seems to be a resistance to change.In the first few weeks following its introduction there were all kind of reports of the bi-metal coin separating. We heard "its no good", "we can't use it", it will never work".So now nine years later the coin is still in use and I have never personally seen one come apart nor do I know anyone who has.Either the first few coins had a problem which has long since been solved or the coins" fell apart" with some drastic mechanical assistance.The success of these coins shows that in spite of some automatic initial resistance it was and still is a very good idea. Bill Download Attachment: scan0001.jpg 38.42 KB Download Attachment: scan0002.jpg 40.66 KB Edited by bromac 03/25/2005 3:09 pm Report this Post to the Staff
Mike Rest in Peace United States 2884 Posts	Posted 03/25/2005 3:33 pm Hello Bromac and Welcome! As you can see this is a touchy subject here. Take away the choices and the problem would fade away in a few years. I have vacationed in Canada many times and had no problem adapting to the coins. I love the bi-clad coin and kept a few for that reason. Again Welcome!!!! Report this Post to the Staff
catman Rest in Peace United States 954 Posts	Posted 03/25/2005 7:32 pm I have heard many view points on this subject and subcribe to the fact that a dollar coin will never circulate in this country unless 2 conditions exist. 1. We discontinue the use of the $1.00 bill 2. Force the banking indusrty to distribute them. Currently the banking industry is on a major push to discontinue the use of all coins. They are attempting to push us into a electronic society. They are now in a mode where the don't process your check but convert it into an electronic transfer. Problem is they also protected themselves from error by making you go into negotiatons to get any money back that THEY errored in taking. Why people are accepting this I don't know. Just be ready for the results. catman Report this Post to the Staff
SFDukie Pillar of the Community United States 980 Posts	Posted 04/07/2005 8:06 pm quote: Originally posted by bromac This subject has been pretty well covered but I might as well add my thoughts.It is absolutely true that for a coin of over one dollar to be used regularly in circulation the paper alternative needs to be removed. In Canada the one dollar coin was introduced in 1987 and the two dollar coin in 1996.There are many young clerks and cashiers who have never seen or can't remember seeing one and two dollar bills in circulation. I can't remember anyone complaining about pants or purses being weighed down with coins. My real point here concerns the two dolar coin. Introduced to replace the two dollar bill in 1996 was a bi-metal coin.For those not familiar with it I have included a scan.You would think in the nine years since the introduction of the loon dollar that people would have learned to accept a new coin. But there seems to be a resistance to change.In the first few weeks following its introduction there were all kind of reports of the bi-metal coin separating. We heard "its no good", "we can't use it", it will never work".So now nine years later the coin is still in use and I have never personally seen one come apart nor do I know anyone who has.Either the first few coins had a problem which has long since been solved or the coins" fell apart" with some drastic mechanical assistance.The success of these coins shows that in spite of some automatic initial resistance it was and still is a very good idea. Bill Not to mention that the loonie and the toonie are great nicknames. Thanks to Bromac, I have a loonie. Still working on the toonie Report this Post to the Staff
knowtracks Valued Member United States 144 Posts	Posted 04/08/2005 12:45 am Originally Posted by Catman, ---------------------------------------- Quote; Currently the banking industry is on a major push to discontinue the use of all coins. They are attempting to push us into a electronic society. They are now in a mode where the don't process your check but convert it into an electronic transfer. Problem is they also protected themselves from error by making you go into negotiatons to get any money back that THEY errored in taking. Why people are accepting this I don't know. ---------------------------------------- This to me is a major problem in this lawyer driven society we live in. Nobody is responsible any more. It's always someone else's fault, the tobacco co's, Mc Donalds hot coffee, add infinity... The Post Office isn't even responsible for your mail anymore, unless you buy their insurance. Insurance, now there's a good one,pay me regularly & nothing will happen to your stuff. Legalized extortion OK I guess I'm done venting. Dave Report this Post to the Staff
catman Rest in Peace United States 954 Posts	Posted 04/08/2005 02:32 am Thata boy Dave...! Hang in there guy were with. catman Report this Post to the Staff
national dealer Pillar of the Community United States 2724 Posts	Posted 04/08/2005 5:32 pm Knowtracks, The post office is the largest private company (monopoly) in the world. They are protected by the United States government. A federal offense to mess with the mail. Now you mention insurance. Ever file a claim? You have a better chance of winning the powerball. They take the money and make every excuse in the world why they don't pay. NO company will insure or ship coins. Shocking huh? Yet everyone of them work the coin shows like it is the only game in town. The USPS even have booths at all the major shows. Yet they don't ship coins. Must take government logic to make sense. Report this Post to the Staff
	Replies: 24 / Views: 2,038	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

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

It took 0.34 seconds to rattle this change.