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 Replies: 31 / Views: 4,974 |
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Bedrock of the Community
13014 Posts |
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the U.S. needs to keep up, to gain revenue. No they dont, theyre being used because theyre US currency nothing more. Larger bills would only exacerbate the problem of counterfeits which is a big issue with 100 dollar bills over seas. Quote:
It is also getting to expensive to print so many $100 bills as more and more security features are added to the $100 bill in each redesign it undergoes. Its a non issue. It doesn't come anywhere close to 100 dollars to print a 100 dollar bill. |
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Moderator
 United States
190103 Posts |
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And is it me or am I the only one that has vending machines that accepts plastic now? They are increasingly common here. Because of them I have bought more than one Pepsi that I otherwise would not have been able to purchase. |
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Bedrock of the Community
United States
10048 Posts |
Never seen a plastic accepting machine yet.
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Pillar of the Community
United States
1391 Posts |
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Never seen a plastic accepting machine yet. I can second this. |
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Bedrock of the Community
13014 Posts |
All the new vending machines around here accept plastic. I've actually seen some that only take plastic
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Valued Member
United States
317 Posts |
Fox,
I disagree with you on this one but that's ok. Thanks for the posts because it makes me aware of what people are thinking and keeps me up to date on issues. Thanks for the contribution.
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Pillar of the Community
 708 Posts |
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Its a non issue. It doesn't come anywhere close to 100 dollars to print a 100 dollar bill. It doesn't come anywhere close to one dollar to print a $1 bill, yet they STILL want to replace it with a dollar coin, so, whats your point?  |
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Moderator
United States
190103 Posts |
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It doesn't come anywhere close to one dollar to print a $1 bill, yet they STILL want to replace it with a dollar coin, so, whats your point? The dollar coins last about fifty times longer.  |
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Bedrock of the Community
United States
10048 Posts |
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Bedrock of the Community
13014 Posts |
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It doesn't come anywhere close to one dollar to print a $1 bill, yet they STILL want to replace it with a dollar coin A small percentage of people do. Theres no real serious movement in congress or the public to eliminate the 1 dollar bill. If the majority of the public felt strongly about it the dollar coins would have been a success. The majority of the public really doesn't care or likes the dollar. Theres also a difference between making like 50 cent or 90 cents for a dollar and 99+ dollars for a 100 dollar bill. |
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Pillar of the Community
Canada
2805 Posts |
But it's still profit...?
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Valued Member
Ireland
131 Posts |
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Maybe its because I said: $100 bills are steadily increasing in demand, especially overseas where most people are "used" to larger denominations, due to 200 and 500 Euros Interesting stuff but I would like to just give a little perspective on the above. Certainly in Ireland people are not "used" to larger denomination notes at all, in fact most are highly unlikely to have ever seen either a €200 or €500 note in the flesh and even a €100 note in general circulation would be a rarity. Go to a drink link (ATM) over here and draw a couple of hundred out and it will almost certainly comprise €20 and/or €50 notes only. Norm |
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Pillar of the Community
United States
1817 Posts |
If you want this to fly, sir, you need to try a much different tactic. Writing to congresspeople is a waste of time and effort. Try discovering who the vending machine lobbyists are and working with the vending machine industry to see what their concerns are because they will not want to use any of their $$$ retrofitting old vending machines. If there is a government subsidy or kickback to converting the old machines, then they might talk. It has to be workable from their bottom line perspective or expect all dollar coin initiatives to fail, IMO.
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Moderator
United States
190103 Posts |
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...and the Canadians also have told us they end up personally having way too many of the $1.00 coins... And they are doing it wrong. One should never have more than a single One Dollar Coin and two Two Dollar Coins in their pocket at any time. If one does not make an effort to use their change on the next transaction, then they can only blame themselves for heavy pockets. The existence of people who cannot properly use their change is not a valid excuse for not using the dollar coin.   |
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Bedrock of the Community
United States
10048 Posts |
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The existence of people who cannot properly use their change is not a valid excuse for not using the dollar coin. Nah - Canadians tend to be pretty smart people as a whole - its just that they are stuck with two inconveniences: 1. Bite the bullet and use the things, ending up with too many of them (BTW - I like the looks of Loonies - just glad they are not here  ), or 2. Take the time (not necessary if not for governmental coercion) to plan which monetary units are used to pay for something to minimize carrying/accumulating the things in my pockets/car/home - but life is busy enough nowadays without needing to add more. For fun I tried to step back on this and look at it as best I could from a non-numismatist point of view. Joe Numismatist: Hey these thing are great! And to avoid the natural side effect of accumulating masses of these coins, all you have to do is keep a mental, running inventory of what change you posses at any given time and use that inventory to plan how to pay for items to keep holding them at a minimum! Joe U.S. Public: You want me to what?! Joe Numismatist: Sure, just take the time to keep track of pocket change and think ahead to minimize getting more of this specific coin in return! Joe U.S. Public: You've got to be kidding me! I can't even make change without a calculator! Is there an iPhone app for that?  That's it! I could make an iphone app and finance some of the coins I want to buy! |
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Replies: 31 / Views: 4,974 |
First Page
Posted 09/30/2013 01:50 am
