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Moderator
 United States
188488 Posts |
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It is Kerry in MA, where Crane & CO is located. Both are fighting very hard to keep the $1 note. Everyone should tell at least two people they know that this is how our representatives do their jobs, by not actually representing the people but the money. |
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Rest in Peace
United States
9104 Posts |
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I know recently a bill was submitted to congress in regard to the ongoing bill vrs. coin saga. I don't know if it will go anywhere. the company that has been supplying the federal government is based in Dalton, Mass. I believe the name of the company is Crane and Company. You can bet it's anti-coin. |
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Rest in Peace
United States
9104 Posts |
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That's interesting. It must mega bank vs community bank mentality. I had the best luck at Chase. |
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Bedrock of the Community
13014 Posts |
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If a bank made $10 bills special order, within a year, everyone would take fives and not argue. Exactly. If they made adjustments to what is available everyone will adjust accordingly and pretty soon it will seem normal. WIthout them forcing an adjustment though no one will voluntarily change from the norm |
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Rest in Peace
United States
9104 Posts |
I've seen the first one multiple times.
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Pillar of the Community
United States
594 Posts |
What they need to do is send ALL the paper one dollar bills to Zimbabwe. Break out the one dollar coins that are sitting in our vaults, and move on. The vending machine companies will adapt, and there will be room in the til where the bill vacated.
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New Member
United States
16 Posts |
About the dollar coins, I think two reasons are to be considered: one, it is hard to let go of something familiar like the dollar bill to accept a coin, even of the same value. SBA's did not work because they were often mistaken for quarters, but this time with the gold, I think it is just gaining the acceptance of them which leads me to number two: collectors. That is a double edged sword. We want to collect them because of the novelty and then there is a series (presidential) and we want the whole series. Double edged I say because I now hear that the US Mint is no longer going to continue on the presidential series by releasing rolls to the banks, but can only be purchased through the mint. Can someone absolutely verify that for me, though, I have heard it mostly from bank tellers, so I tend to believe them. I think they need to release an abundance of $1 coins, put out commercials about their benefits, and push as hard for their acceptance as politicians campaign for their seats. JHMO. |
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Rest in Peace
United States
9104 Posts |
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What they need to do is send ALL the paper one dollar bills to Zimbabwe. Break out the one dollar coins that are sitting in our vaults, and move on. The vending machine companies will adapt, and there will be room in the til where the bill vacated. I forget the country, but we shipped a bunch of Susies to one having monetary trubls.  , KLS8800! Quote:
I now hear that the US Mint is no longer going to continue on the presidential series by releasing rolls to the banks, but can only be purchased through the mint. Can someone absolutely verify that for me, though, I have heard it mostly from bank tellers, so I tend to believe them. Yep, it's been officially announced. |
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Pillar of the Community
United States
950 Posts |
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I now hear that the US Mint is no longer going to continue on the presidential series by releasing rolls to the banks, but can only be purchased through the mint. Can someone absolutely verify that for me, though, I have heard it mostly from bank tellers, so I tend to believe them.
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Yep, it's been officially announced.
I heard they were sending the new presidents to banks mixed in with the old coins. Or will the only ones be from rolls that were ordered from the mint then released into circulation? |
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Pillar of the Community
United States
1227 Posts |
Just want to add my Two Cents (two dollars?) about the "they're too heavy for my pocket, I don't want them!" argument: Last night, I came home with roughly twelve dollars in coin in my pocket: about a dollar's worth of dimes, nickels, pennies, and quarters, plus eleven modern dollar coins. Also in that pocket was a bottle of hand lotion and my quick-cutter for work. I barely felt it. And I say that as someone who usually carries about 75 cents in change, for swapping out cool stuff I find in my drawer, and not a whole lot more Too heavy? Actually stick a handful in your pocket and try again, please. If they're "too heavy," either your pants are too big, your pockets were wearing out anyway, or you're carrying too many singles--get some $2 bills for your smaller purchases. If you can carry what I call the "grampa pocket" of change, you can carry ten bucks in dollar coins--no problem. |
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Rest in Peace
United States
9104 Posts |
I carry 6-10 halves in the watch/change pocket. Two halves = 3 dollars in size/weight, so 9-15 mini bucks.
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Pillar of the Community
United States
2295 Posts |
People need to write their Congresspeople and request the change. If enough people in Congress support the change, it will happen.
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Pillar of the Community
United States
1745 Posts |
I was in charge of a fundraiser this past weekend and through the process we collected 30 lbs of change. In that change there were many dollar coins. I didn't count, but probably 30-50 or so. I think the reason they are so common in my town is that the vending company at our two main employers use dollar coins in their machines and their bill changer gives out dollar coins. You can put in a $20 bill and get 20 dollar coins. Because they are used so much at work, they work their way into the local commerce without much thought. Because they leak out into the local economy so much, the vending company is always replenishing their supply with shiny new coins from bank rolls.
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Pillar of the Community
United States
1227 Posts |
I'm noticing that, as I've started making an effort to get the dollar coins out of my drawer and into the hands of my customers, they're getting more and more blase about having them--customers who used to go "whoa, what's this?" now just take the coins and tuck them into their pockets or purses without even pausing in their conversations. I think the change would be a lot easier than people want to believe. One of the things I like about the dollar coins and handing them out is that at my work, we have those little fundraiser canisters for a local charity, and each clerk is supposed to tally up the money they raised each shift. People are more likely to throw dollar coins than dollar bills into the canister. I'm the one who actively tries to put the coins out there and I, um, might be leading my store this month by a four-cent average (my average as we calculate is .10; next closest to me is .6; the expected average is .7) and still gaining . . .  Edited by ninamason
05/02/2012 8:30 pm
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Moderator
United States
188488 Posts |
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I think the change would be a lot easier than people want to believe. This is good to hear.  |
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Replies: 95 / Views: 11,886 |
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Posted 04/28/2012 12:35 am
