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Pennies, Cents, Call Them What You Will

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jbuck's Avatar
United States
188488 Posts
 Posted 12/02/2016  1:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Digital money will take over before they can make any substantial change to the coinage.

The next real change to currency will be its elimination.
I have said this before and I agree. Our hesitation to modernize our coins and currency will, at some point, no longer matter.
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Jovian's Avatar
United States
147 Posts
 Posted 12/02/2016  10:08 pm  Show Profile   Bookmark this reply Add Jovian to your friends list Get a Link to this Reply
So far I oly watched the first video. Interesting arguments on both sides. Like a raving collector, my eye pulled out the wheatie in the pile at 1:33.
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spru's Avatar
United States
12477 Posts
 Posted 12/02/2016  10:54 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
I am definitely pro-penny removal. Like the video pointed out, the $5 bill also features lincoln, as well as the Illinois Statehood Quarter. I would be happy with removal of the penny and nickel. I agree that .10 (sorry, phone doesn't have the cent symbol...) increments would be easier to round, except in the case of x.x5 - up or down?
In practice I don't usually use cash and never start my day with change in my pocket. At the the end, any change goes into a jar, as well as dollar bills, to be cashed up later on.
Also, I'm not a hunter for the best gas prices in town and, really, anything less than a 10c difference is not worth my time (of course, I only have an 11 gallon tank...)
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/02/2016 10:55 pm
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perfessor's Avatar
United States
927 Posts
 Posted 12/04/2016  11:06 pm  Show Profile   Bookmark this reply Add perfessor to your friends list Get a Link to this Reply
I thought the videos were entertaining and informative. And of course I agree with them. At least the part about getting rid of the penny and the dollar bill. But alas, I fear that it will never happen until money goes away completely. And I am NOT looking forward to that. Besides, without actual coins to spend, what kid is going to want to collect them?
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Earle42's Avatar
United States
10038 Posts
 Posted 12/05/2016  12:41 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I don't like the idea of getting rid of the penny or nickel, but realize I do not have a logical leg to stand on concerning this matter. Therefore my personal preferences are immaterial.

The dollar bill is another matter that previous discussions I have spent a lot of legitimate time learning about and posting the results on the forum. It has been shown with polls, math, data, etc. that none of the alleged benefits or savings from the dollar coin program are factual to what was being said at the inception of the dollar coin program.

The statement is now normally made that the government should be allowed to force us all into using the coin. The idea is proffered despite now having the previous reasons once used to back up the idea being shown as false or non-intentionally inflated.

So at this point I typically ask why, when there are other legitimate ways of letting the people of this country have their expressly desired preference of bills, that coercion should be implemented. The alleged benefits of the coins, now shown as incorrect or overstated, becomes irrelevant, is conveniently shoved aside, and no more facts are needed b/c the question is classified as being too political.

So I am forced into a position of thinking the ones calling for getting rid of bills are only using their own emotional preferences as the basis for their opinions... and don't want to, have not thought about it, or cannot face this idea. I would appreciate knowing the position I have been forced into is a false one. History shows us that basing actions/"logic"/facts upon what a person emotionally desires is almost always a grave error ans can cost others greatly depending on the magnitude of the actions taken.

Unfortunately WE humans often hate to confront our own motivations






How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
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TheForce's Avatar
United States
4868 Posts
 Posted 12/05/2016  07:03 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Other countries have successfully removed pennies and the dollar bill and replaced with dollar coins and they haven't fallen off the map or went into chaos. The US is just so resistant to change.
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jbuck's Avatar
United States
188488 Posts
 Posted 12/05/2016  11:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply




Quote:
The statement is now normally made that the government should be allowed to force us all into using the coin.
No, you have that wrong. Right now the government forcing the cents, nickels, and one dollar notes on us. I wish they would stop!
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Earle42's Avatar
United States
10038 Posts
 Posted 12/05/2016  3:05 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
Other countries have successfully removed pennies and the dollar bill and replaced with dollar coins and they haven't fallen off the map or went into chaos. The US is just so resistant to change.


Are you sure the world won't end? Seriously? Nah - it HAS to!

A moot point that diverts from the actual issue.

And this is certainly not the first time this moot point has been proffered.

...and bringing up that once again subject is skirting the issue....

Why is there such a dire need for getting rid of the bills? I objectively (look for the posts!) researched all the possible benefits posted on this forum and showed they do not have a scientific, factual base to continue being quoted as benefits. And I note people have been intelligent enough, therefore, not to keep using those defunct concepts anymore -- Bully for you!

At the start we all thought the stated reasons were plausible.

So what is left when logic and reason are gone? Why is coercion needed?
{queue the familiar sound of crickets chirping as with all times I ask this question in threads of this ilk}
Pennies,-Cents,-Call-Them-What-You-Will

There are most definitely legitimate concerns behind not agreeing with the coin coercionists (like my new term ?).

It is permissible to post on these threads the (proven) unwarranted desire for government coercion to eliminate bills. However, not desiring this coercion, with legitimate reasons to back this position, is conveniently labeled as improper for these thread.

Hmm...forum politics - is that too political?

What other recourse is left than to assume people are not able to face up to the fact that with nothing to back them up, coin-coercers want what they want because they... well.. want it. On this issue, the concept of self-gratification seems more important than the majority being allowed their preference (that was a friendly way of saying selfishness appears to be is king).

Being brutally honest, but with a , the situation being pushed without legitimacy, and no explanation, reminds me of of recent campus reactions to a vote that was taken.

People's writings and thoughts fall into generalized patterns that are fun to study. My profession was one which (at least to me) required I delve into this area of study.

On this forum, ever since the alleged coin-only benefits were found to be absent, people have been saying "well just force the issue," while I have been asking them to own up and inspect their motivations. It is important to weigh our desires against consequences if we truly care -- the way we all believe that we care.

But a word of encouragement. Honest... admitting you don't have a leg to stand on except (irrational by nature) emotions does not hurt too much once you get over it. I did so with the pennies and nickels and guess what? The world did not end (oops)

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
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jbuck's Avatar
United States
188488 Posts
 Posted 12/05/2016  3:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
See, there you go again, getting it wrong. The government is not trying to get rid of the one dollar bill. I wish they were, but they are not. What they are doing is forcing us to continue to use them, just like they are forcing us to use cents and nickels.

I wish they would stop forcing this stuff upon us.
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TheForce's Avatar
United States
4868 Posts
 Posted 12/05/2016  4:05 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
I think the real issue is the production of the failed dollar coin program. We all know why it failed miserably too. The powers that be decided to churn these things out knowing that they would fail. Government pork? You betcha! It is a fact beyond the shadow of a doubt that coins last longer than the material notes are made of. However it just falls on deaf ears.
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Earle42's Avatar
United States
10038 Posts
 Posted 12/05/2016  5:56 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
@jbuck


Actually though, the facts are the government allows us the choice. They did not recall the dollars and they normaly can still be accuired by those who want a recount want to use them at their local bank or at the mint in bags/rolls (plus gives a chance to search for errors!).

Options and variety are the spice of life

@theforce
Most definitely they last linger. This is why other materials such as polymer notes have been succesfully inplemented in other countries...although I have heard these melt when left on the dashboard!

And has been shown in other threads of this nature, the cost of transporting (lets say) 100,000 of metal disks is a lot more costly than 100,000 of bills. In fact when we started the pork program you mention, the Canadian banks were telling me that the US should have "learned from their mistake" on going to a dollar coin b/c costs had to be passed onto consumers by any business needing to handle large amounts of dollar coins that used to be able to cheaply exchange/transport paper. In fact the very real result is the populace ends up getting stuck with a lot of these coins to the point of most people keeping large change cups full of excess coins in the car and house.

Tax dollars allegedly saved by the issuing entities makes for good PR. But the reality is that we the little people bore/bears the brunt by more money out of their pocket.

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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jbuck's Avatar
United States
188488 Posts
 Posted 12/05/2016  6:22 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I think the real issue is the production of the failed dollar coin program. We all know why it failed miserably too. The powers that be decided to churn these things out knowing that they would fail. Government pork? You betcha! It is a fact beyond the shadow of a doubt that coins last longer than the material notes are made of. However it just falls on deaf ears.
They failed only because the one dollar note was not withdrawn. Kill the note and the coins will circulate just as they do in Canada. It does not matter if you like it or if people complain, those are the facts. The dollar coin will circulate if you remove its existing competition.
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Conder101's Avatar
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17884 Posts
 Posted 12/05/2016  6:51 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
This is why other materials such as polymer notes have been succesfully inplemented in other countries...although I have heard these melt when left on the dashboard!

England has had a problem with that with their new polymer 5 pound note (and it was actually in commercial dryers not on the dashboard. It was SUGGESTED that it might happen with notes left on the dash but I don't know too many people who leave paper money sitting around on their dash while they aren't there.) but I have not heard of problems like that with the polymer notes of other countries. I suspect the "shrunken" notes were the result of extreme tests that people put them through. Kind of like when the twonies came out and there were stories about the coins "coming apart". Yes if you applied extreme force and/or extreme temperature changes it was possible to separate the two parts, but in everyday handling it really wasn't a problem.
Edited by Conder101
12/05/2016 6:52 pm
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Earle42's Avatar
United States
10038 Posts
 Posted 12/05/2016  6:59 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
... It does not matter if you like it or if people complain,

Correct! It does not matter if someone likes it or if they complain that the American majority is not having to kowtow to an emotional few who prefer to support something shown to be baseless in claims of superiority.

This is what America is all about. Unnecessary coercion by the powers that be is a scary, worrisome desire.


Quote:
The dollar coin will circulate if you remove its existing competition.

To me this is kind of a "Captain Obvious" statement that keeps coming up ... and for what reason? I cannot imagine any person capable of thought would disagree that if there was nothing better () to use, then these coins would have circulated.

But the point is, there is no point -- in coercion to coins.

I am rather proud we Americans are again showing the rest of the world that as a whole, we don't see the sense, or feel the need to change our preference just b/c other countries have done so. We have always played out own tune (also to the benefit of other countries) and proudly continue to do so.

I have heard recently that playing with legos helps.
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
Edited by Earle42
12/05/2016 7:01 pm
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oriole's Avatar
Canada
5240 Posts
 Posted 12/05/2016  7:50 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
I am not sure why there are concerns about the government "forcing" people to use or not use certain coins or bill. After all, every coin or bill is issued by the government, so whatever we use we are "forced" to use them just because there are no others. All of them "belong to Caesar".

I see no moral issues with respect to which denominations of coins or bills are used. Whatever are used, however, should be practical for use in commerce-that is the whole point of them. Changing an existing system is a nuisance of course, so there should be some substantial value to a change which exceeds the nuisance of the change itself.

Other countries have used different systems of denominations and they work quite well.

If there was a change everyone would adapt quickly and stop thinking about it.

At some point due to inflation the 1 cent coins will no longer be made. Some decades ago some US states used sales tax tokens valued as low as 1/10 of a cent. At that time it seemed significant enough to be important to use them, but it is not any longer.
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