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Aint It Funny (Dollar Coins)

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Earle42's Avatar
United States
10038 Posts
 Posted 11/03/2015  3:40 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Mine too actually I think I remember a dime. I definitely remember .15 when I used to restock the machine at my grandfather's laundromats and get the change out (ah... the old sound of Mercs and silver Roosies in the change holder!).
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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jbuck's Avatar
United States
188770 Posts
 Posted 11/03/2015  5:00 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I seem to remember it changing from $0.10 to $0.15 and my mom making a fuss, or was it when the payphones went from $0.10 to $0.25.

Now we wait for the first YN to ask, "What is a payphone?"

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n9jig's Avatar
United States
997 Posts
 Posted 11/04/2015  08:49 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
As a kid I remember buying bottles of pop for a nickle. On special occasions Mom would give us a dollar and we would go to McD's and get a burger fries and a shake for two of us... Those days are done.

Sure, we could bring those back for nostalgia and revalue the dollar, thus making coins viable for purchases again. It would be a silly gesture and probably cause real purchasing power to decline dramatically. By just shifting the coins upward to follow the natural procession of value things remain more stable. Eliminate lower value coins and add higher value coins, replacing lower value bills.

Eventually we are going to be a cashless society anyway so it is easier to get there gradually by value shifting.
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jbuck's Avatar
United States
188770 Posts
 Posted 11/04/2015  10:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
By just shifting the coins upward to follow the natural procession of value things remain more stable. Eliminate lower value coins and add higher value coins, replacing lower value bills.
Agreed, a much easier and seamless process.


Quote:
Eventually we are going to be a cashless society anyway so it is easier to get there gradually by value shifting.
Like it or not, this is true.
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Earle42's Avatar
United States
10038 Posts
 Posted 11/04/2015  6:24 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
By just shifting the coins upward to follow the natural procession of value things remain more stable. Eliminate lower value coins and add higher value coins, replacing lower value bills.


Seeking to be more educated, ... why are things more stable if this is followed? I would like to see the data on this as the only thing I have to go on at present is what happened in Canada. Prices overall went up on everything b/c the forcing of the Loonie on the public also had the effect that their dollar became "just pocket change." Prices were raised accordingly. Consumers started having to pay more for everything. And now, as I was told last June when visiting and bringing this up with my many friends, their dollar is seen as pretty much valueless.

I have nothing to back it up with, but my opinion (note that word) is that the opposite psychological effect of having a dollar be "worth something" again would not induce an immediate price raise in things.
Speculation only from studying the human creature

Are there studies available on devaluation bringin more stability? Or is all of this we are talking about speculation (well the Canada and Loonie part is not)? It is interesting to me.



How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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ChildOfTheWheat's Avatar
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5828 Posts
 Posted 11/04/2015  6:56 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply

Quote:
Now we wait for the first YN to ask, "What is a payphone?

Pay phone? Oh, you mean the giant, stationary dumb phones they talk about in history class!
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yotie's Avatar
United States
3077 Posts
 Posted 11/04/2015  7:24 pm  Show Profile   Bookmark this reply Add yotie to your friends list Get a Link to this Reply
the funny thing about a payphone ya never had a dropped call because of signal
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jbuck's Avatar
United States
188770 Posts
 Posted 11/05/2015  11:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Seeking to be more educated, ... why are things more stable if this is followed? I would like to see the data on this as the only thing I have to go on at present is what happened in Canada. Prices overall went up on everything b/c the forcing of the Loonie on the public also had the effect that their dollar became "just pocket change." Prices were raised accordingly.
Prices have already gone up! Way up!

Were we not just reminiscing about nickel and dime soda (pop)?

I was just talking to a guy on the phone and he was telling me how his father would give him $1.50 to go to the movies with his girlfriend. That $1.50 paid for both tickets and snacks.

It is time for us to say goodbye to the cent and nickel.

It is time to replace fragile and highly used low denomination notes with much longer lasting coins.


Quote:
the funny thing about a payphone ya never had a dropped call because of signal
Nope, they were usually just out of service because some idiot vandal cut the cord.
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