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 Replies: 54 / Views: 5,724 |
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Valued Member
Canada
111 Posts |
I think that in the US the problem come from the fact that the paper dollar is emitted by the powerful FED reserve that belongs to private banks, and the production of coins is from the US mint that belongs to the people. Every dollar that the FED emits, they make money with it (understand that their profits are in fiat paper currency). In Canada the Bank of Canada belongs to the government as well than the RCM. Those two works together. So could it be that your problem with the release of the 1$ coin is because of a competition between the FED and the US mint? Just a tought. |
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Valued Member
United States
492 Posts |
My wife is Canadian, so I had her answer this question. She answered against/still against. I asked why and her response was "because they weigh a ton when you have too many."
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Pillar of the Community
Canada
1923 Posts |
They do weigh a bit when you get to many of them, but I never seem to have that many at one time through out the day. So what I do with both coins the dollar and the two dollar coins is to put them in a jar, can, piggy bank for the year. At the end of the year I usually have anywhere from $700.00 to $1,000.00 dollars worth saved up then I roll them up and off to the bank with this amount it helps to put insurance on one of my vehicles or extra mad money for vacation I don't really miss the money that way and its a good incentive to save money. Just a thought for people who don't wear a belt or suspenders or for the ladies with a purse.
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Pillar of the Community
United States
4870 Posts |
At least loonies and toonies are faster to count out rather than a pocketful of lower denominations. So I say they're easier to get rid of if you happen to have too many.
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Pillar of the Community
Canada
933 Posts |
personally, I HATE the dollar coin ( yes this despite being a coin collector) I have always envied the US because they can use dollar bills. Which I find MUCH less cumbersome, more versatile and convenient to use.
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Pillar of the Community
Canada
3690 Posts |
Quote:
No, quite common actually just rarely used. Sorry I meant rarely seen in circulation. Apparently some folks feel they are bad mojo. I can recall a few trips in my youth to Maine were retailers didn't want to touch them. |
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Pillar of the Community
Canada
610 Posts |
My reason for against,same as TJB17.loonies & toonies are pretty cumbersome
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Valued Member
Canada
306 Posts |
I like the loonies and toonies but I have grown up with both as I was born in 1994. Whenever I go to the states, I find the lack of a commonly circulating $2 bill or coin really annoying (more than their lack of a dollar coin). I always seem to end up with a stack of one dollar bills that vending machines wont take because they are too beat up. Having $2 coins in Canada really helps with not having a huge volume of change in your pocket and unless they're the new plated ones the vending machines always take them.
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Pillar of the Community
Canada
2366 Posts |
Since I do a lot of my purchasing & bill paying on line and use my credit card for the rest this question is largely academic to me. I expect it will become even less important to the silent majority of people as the years go by. Not saying cash is going away anytime soon. Just that it's less used now than it was when we made the changes to the loonie and toonie and I see that trend accelerating.
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Pillar of the Community
 Canada
617 Posts |
At the time, I didn't really like it but got used to it. Didn't much like getting rid of $2 bills, as it made it much, much more expensive to tip the dancers.  |
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Pillar of the Community
Canada
2781 Posts |
pockets got a lot heavier and it's difficult to tip a dancer. other than that, all good. edit: eastvanrob beat me to it. guess both being from vancouver great minds think alike Edited by Wade
02/07/2013 01:09 am
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Valued Member
Canada
470 Posts |
Coins have always possessed multiple levels of economic and psychological advantages(subconscious) against the common working class.
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Valued Member
Canada
300 Posts |
It always seemed to me that the resistance to the one dollar coins lessened considerably after they got dubbed "Loonies". The nickname--definitely derogatory to begin with--seemed to make them more palatable. When the two dollar coin came out, some enterprising soul decided to seek the public's input to informally name it in the same sort of way. The Mint in their silly fashion retorted "what's wrong with calling it the two dollar coin?" showing they really didn't get it. The public responded with a variety of suggestions. The suggestion I really liked was "Double-loony", a nice little play of words on doubloon, but it didn't catch on.
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Valued Member
United States
492 Posts |
EastVanRob and Wade,
I've always wondered what the proper etiquette is at the Canadian Ballet when it comes to Canadian money.
Edited by TJB17
02/07/2013 07:55 am
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Pillar of the Community
Canada
686 Posts |
Not that it would have been my answer, but any reason why "I supported it in the beginning, and now I'm against it" wasn't a possible answer?
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Replies: 54 / Views: 5,724 |
First Page
Posted 02/06/2013 10:10 pm
