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 Replies: 177 / Views: 13,890 |
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Pillar of the Community
1325 Posts |
wait, so like the half, penny and nickel will still be legal tender then? so it doesn't really matter? if the mint makes it even jsut for sets it is still money, so I can always carry 4 with me
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Moderator
 United States
188952 Posts |
Yes, they should remain legal tender. No reason to revoke that.
Sure, they will probably disappear from general circulation within a year. However, I think we will see them popping up from time to time, like the half dollar does now, as people find them in long forgotten jars or couch cushions.
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Valued Member
United States
156 Posts |
"Handle my payments properly"
HAHAHA.
Sorry to tell you all, but most people are not overly picky in how they pay for something.
The cost is $13 and change? You hand them a $20.
You do this 2 or 3 times in a week for lunch, and you end up with a bunch of $1 bills.
I also dont like to be without a couple of dollar bills, ie, I will try not to have none by using them all because I may need something from a vending machine(my coffee machine at work requires quarters or dollars). I may need a couple of dollars for a tip on lunch. I may need to go through a toll.
The dollar bill and the $20 are the staple of US Currency. A dollar coin will never be used as much as the current dollar bill is, even if the dollar bill is gone. Sure, more 2 dollar bills would help out the situation, but most people dont count out change like that. Heck, kids at cash registers sometimes get confused over something as small as paying $5.25 for something that costs $3.12. Just imagine how confused they would be with $2 bills as standard currency.
Edited by jay799
07/31/2014 11:21 am
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Moderator
United States
188952 Posts |
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The cost is $13 and change? You hand them a $20 $10 and three ones from the last transaction. Fixed it for you.   Quote:
I also dont like to be without a couple of dollar bills... These, I feel, are valid reasons. Something no one has ever tried to give before. Good job.  So, keep three or four dollar coins on you. Not really any worse that three or four quarters I keep for vending here (I guess our stuff is cheaper). Quote:
Heck, kids at cash registers sometimes get confused over something as small as paying $5.25 for something that costs $3.12. Just imagine how confused they would be with $2 bills as standard currency. Then nothing really changes then, does it? |
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Valued Member
United States
156 Posts |
And if all you have is $20's and Ones? Which happens alot.
Besides, you all missed the main point.
Dollar Coins wont circulate like a dollar bill will. People carry dollar bills around because they are convenient. They are not bulky like coins. Sure, do away with the dollar bill and you may get dollar coins as change, but people wont carry them around like they do with dollar bills. When most people get home at the end of the day, they will be dropped off into whatever receptacle a person uses to hold their spare change, until such a time that they cash them all in.
It will actually be a detriment to trade, as people will feel they have less money in their pocket until they cash in all their change.
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Pillar of the Community
United States
4897 Posts |
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they will be dropped off into whatever receptacle a person uses to hold their spare change Excellent! My vacation "fund" will grow more quickly! Seriously though, I like the idea of Dollar coins....only makes sense. We, as a nation, need to just suck it up and do it already. Our collective memory is so short that within a couple years no one will even care.....imo. |
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Pillar of the Community
United States
1158 Posts |
I missed the meat of this discussion, but I totally agree with this bill. It makes no sense to keep producing money that costs us more than it is worth or is of so little value as to be essentially worthless.
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Pillar of the Community
Canada
2805 Posts |
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Besides, you all missed the main point.
Dollar Coins wont circulate like a dollar bill will. People carry dollar bills around because they are convenient. They are not bulky like coins. Sure, do away with the dollar bill and you may get dollar coins as change, but people wont carry them around like they do with dollar bills. When most people get home at the end of the day, they will be dropped off into whatever receptacle a person uses to hold their spare change, until such a time that they cash them all in.
It will actually be a detriment to trade, as people will feel they have less money in their pocket until they cash in all their change. If an 8-gram coin is "bulky", it's no wonder that the world thinks Americans are fat and lazy. Take one for the team. |
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Valued Member
United States
156 Posts |
Coins are more bulky and large than a bill. That's the fact jack.
As I said, it will have a detrimental affect on commerce.
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Moderator
United States
188952 Posts |
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As I said, it will have a detrimental affect on commerce. Again, I say, look North. Did Canada's economy plummet? Are they now relegated to third world status? Of course not. Quote:
Take one for the team. People, stop making mountains of mole hills. The government has imposed far worse on us in the past, but this is the battle you choose? Really? Keeping cents, nickels, and one dollar notes for almost (in not) all of the reasons given is the epitome of special interest. Something most of you would otherwise be railing against. Funny. |
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Valued Member
United States
269 Posts |
I agree with jbuck, though I hate to see the cent and nickel go. Dollar, good riddance! Really, people won't carry a few coins in their pocket? Wow, when I was a kid everyone had change in their pocket.. why? Because you could actually buy something with it! My mom used to give us a nickel to stop by the drug store on our way back from school and get "penny candy." No, this wasn't the 1800's - 1967/1968! Wax lips, sugar straws, Mary Jane's, Necco Wafers. Dollar coins are still usable currency that you can buy small things with (Dollar General anyone?). No reason people can't get used to carrying them in their pockets!
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Valued Member
United States
156 Posts |
I dont really personally care about pennies and nickels. Pennies especially.
But switching to dollar coins just isn't as beneficial as most here are making it out to be.
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Pillar of the Community
United States
1158 Posts |
If you get rid of nickels, how do you make change for quarters? You need to get rid of the hundredths place altogether for it to make sense, which means quarters are obsolete, too.
I'd be fine with just dimes and dollars coins and rounding to the tenths digit. A dime in 2014 is only worth what a penny was in 1950 anyway, so it can just be the new penny equivalent.
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Pillar of the Community
United Kingdom
837 Posts |
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Dollar Coins wont circulate like a dollar bill will. People carry dollar bills around because they are convenient. They are not bulky like coins. Sure, do away with the dollar bill and you may get dollar coins as change, but people wont carry them around like they do with dollar bills Jay, people used a similar argument over here in Britain when they opposed the removal of the one pound note and replacing with the coin but the Gvt put their foot down and imposed the one pound coin which is 9.5g . More than 30 years later everyone uses the coins and you wont believe how common and widely used the coins are !  |
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Pillar of the Community
United States
1476 Posts |
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Replies: 177 / Views: 13,890 |
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Posted 07/31/2014 11:17 am
