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Replies: 177 / Views: 13,889 |
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Pillar of the Community
Canada
2805 Posts |
The dollar coins will be carefully placed on the stage.
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Valued Member
United States
449 Posts |
Quote: if they get rid of the dollar bill, what will all those people do at gentleman's clubs? this is the most interesting question of all... 
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Pillar of the Community
 708 Posts |
*** Content removed: This is not appropriate for the audience! ***
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Valued Member
United States
156 Posts |
I said it earlier in the thread.
Instead of 'making it rain' it will be 'make it hail'
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Pillar of the Community
1325 Posts |
ATB are boring, the only thing I like about them is the ring around the outside on the reverse to encase he field of the design. Imagine doing that with a cent or nickel to have not the state and park on the ring, but the words. Then you could put a hole in the middle to reduce the cost of the cent by maybe 30% as the leftover from the blanks being punched also has some doughnut-holes to be reused to make more. I still can't figure out why Jefferson isn't on the dime or cent since it was decimal coinage that he wanted and he gets stuck on the non-decimal coin and between them. Maybe we will get lucky and they will realize that one bit is never used and 2-bits isn't good for anything and the quarter will be remove when the ATB are over with. then reissue the half and have 1, 5, 10, 50, $1. I mean if you need 3 of one coin that two of it makes an existing coin, you have done something wrong. Spending my halves recently some places have been happy to have them and even commented that they give out so many quarters this would be less work. Gee, I wonder if that is why the half was made in the first place? (aside from the fact that to cut a reale into 8 you need to half it a few times to get there.) when it all goes digital I hope they count beyond 2 decimal places and actually track the hundredths of a cent that taxes cause things to be.
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Valued Member
United States
52 Posts |
One day will see all Aluminum Coins most lkely,They can save Money by Out lawing Lobby Groups,They give a dollar out then congress has to give back 20.000$ to make a long story short
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Pillar of the Community
1325 Posts |
Aluminum has worked for Putt-Putt for many decades, so I really don't see what the problem is. I mean someone drops a Putt-Putt token into a vending machine for a qyarter or under and it takes it, well it is worth that same quarter at Putt-Putt so jsut sell it to someone who wants a token for there. If they dropped it in for a penny, then you just made 24 cents profit!
The need to focus more on visually impaired bills so you don't have people ripped-off. How does a blind person tell the difference between a $100 and a $1 US bill?
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Pillar of the Community
United States
4692 Posts |
Regarding gentleman clubs. The clubs can create their own $1 script that the customers purchase, and the employees can redeem. I can't really be that smart as to point out the obvious! Then the BEP can produce polymer notes that will last much longer -- but they have their own issues. As far as the penny and nickel, just get rid of them. I wonder what debate occurred back in 1857 when the US got rid of the 1/2 cent.
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Moderator
 United States
188952 Posts |
Quote: When he said it would move six feet, I think he meant it would move six feet under. Nailed it.  Quote: if they get rid of the dollar bill, what will all those people do at gentleman's clubs? Use two dollar bills, which is what all of the establishments in my area have done for at least the last ten years. Break a $20 at any of these places, you will get ten $2 notes. This is so well known in my area that when you try to spend $2 notes, you get "knowing looks" from the cashier.
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Moderator
 United States
188952 Posts |
Moderator Note
Please remember that this is a family friendly forum! We can mention gentlemen clubs in the context of this discussion, but please, PLEASE, do not go into details about the inner workings of these places, or your personal opinions of them. Those of us who know already know, there is no need to be graphic!
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Pillar of the Community
United States
2168 Posts |
So funny how the discussion can change from coins to clubs!
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Pillar of the Community
United States
6130 Posts |
The issue I see with discontinuing the $1 note altogether is the sheer volume we would need to replace. Sure we have billions of $1 coins sitting and gathering dust, but we would see a massive shortage 36 months after the end of production when the last of the notes begin to disappear from circulation. We can eventually slow production to just a few million coins per year, but we'd either need to ramp coin production into the billions or step up $2 note production to close the gap.
I would be interested to know what would happen if we suddenly stopped making cents and nickels but let them dry up on their own. Zincolns excluded, they are pretty durable coins that can stand up to decades of use. If the government did not actively recall them as Canada did, I don't think the public wold even be able to effectively hoard them all unless the per capita hoard averaged at $100+ face. From what I've heard, wheat pennies were commonplace until the mid 70s and didn't really dry up until the 80s--nearly 30 years after the end of the series. People would surely hoard cents and nickels, but I think enough people would cash in their hoards on a continual basis that we'd see them from time to time more than 100 years from now.
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Moderator
 United States
188952 Posts |
I do not see a problem. Stop printing one dollar notes, replace with (up to) half as many two dollar notes. At the same time, resume dollar coin production to pre-NIFC levels (number of required two dollar notes depends on how many dollar coins we can get out).
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Pillar of the Community
United States
2272 Posts |
Quote: I do not see a problem. Stop printing one dollar notes, replace with (up to) half as many two dollar notes. At the same time, resume dollar coin production to pre-NIFC levels (number of required two dollar notes depends on how many dollar coins we can get out). Yes. Once you quit printing $1 notes you'll have lots of time to ramp up dollar coin production. With the elimination of the wasteful one cent coin the mint will have ample capacity to mint more coins. With the elimination of the note the BEP will have ample capacity to ramp up $2 bill production. This has all been obvious for years but Congress has better things to do then taking care of the business of America. The currency system is busted and has been for many years. Who could ever have predicted 100 years ago that the government and economy would function with a busted currency system and virtually without cash at all?
Time don't fly, it bounds and leaps.
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Pillar of the Community
United States
6130 Posts |
The main issue I see is with logistics. We built entire warehouses for the excess dollar coins. Unless the government starts shipping out boxes of coins instead of the notes everyone is ordering, the coins are going to sit in place until the entire stock of circulating $1 notes is unusable.
If we ramp up $2 production to meet demand, people might just start using quarters for anything between $0.25-$1.99. I can vouch from experience that most customers would be more willing to take 4 quarters instead of $1 coins. Plenty of people are afraid that the coins are somehow less useful than quarters (i.e. they will jam vending machines etc) and in the Bible belt, it's a common belief that the "Godless Dollars" were made deliberately as an experiment by the Mint to test the public's acceptance of a totalitarian, Atheist regime. I'm not even kidding about that last part--more than a few people shoved dollar coins back at me and told me to give them the money with God on it.
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Replies: 177 / Views: 13,889 |