Eisenhower Dollars And More - Page 2

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Author	Replies: 21 / Views: 2,463	Page: of 2

TheForce Pillar of the Community United States 4870 Posts	Posted 07/07/2017 5:46 pm The thing is that cash is still king. You can still use it when a stores credit/debit machines are down and they won't take your plastic. If you only use a card then you would be out of luck. Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 07/07/2017 5:59 pm Quote: You know one thing about money in the 21st Century is that my money including coins hit the bank electronically. My bills are paid via internet or electronic debit. I never even see coins or bills unless I just get out a few hundred bucks to just line my wallet so I feel like I have "Walking Around Money". Actual physical money is going the way of the Dodo bird. This is true. We may not live to see it, but cash will likely be gone in the next generation or two. Quote: You can still use it when a stores credit/debit machines are down and they won't take your plastic. Possible, but not always. I have had stores close on me when that happened. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Illegaltender Pillar of the Community United States 634 Posts	Posted 07/07/2017 6:04 pm I personally think that cash is great and should always be around, but having a denomination so small that it takes 100 to buy a drink is idiotic. The only reason the cent is around is because the zinc lobby won't let it go away. Time for America to put its' interests before a zinc companies profit. The penny isn't even a good coin. Zinc cents corrode and get ugly in record time. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/07/2017 10:30 pm Quote: However, for those countries who have discontinued their smallest currency denomination, it is not always true that the coins made to replace them have seen much circulation. Really? Other than the US where has it failed? Quote: So would all gas stations, instead of having prices per gallon such as $2.10 choose to go down to $2.05 or up to $2.15? They would probably still continue to price it to the cent and then round the final purchase figure to the nearest five cents. Quote: Hmmm. PA state tax... would it go from .06 on a dollar down to a nickel, or up to .10 per dollar spent? No reason for it to change at all. Report this Post to the Staff
Earle42 Bedrock of the Community United States 10038 Posts	Posted 07/08/2017 10:25 am Quote: Once again, someone is confusing cents with percents. jbuck, I should have been more clear: My reasoning is that at present, if I buy something at the Dollar Store prices at .99, then at the register the price goes up to 1.05 because the state gets .06 tax If there is no penny to be spent, I see this as an opportunity similar to the one the PA state recently applied when gas prices dropped drastically - they added more tax (we pay .58 cents to the state per gallon - PLUS the federal tax - which puts it up to .76! per gallon) rather than letting people enjoy the cuts. I can see the PA State deciding its a good idea to hike the prices up to .10 per dollar spent based on the above Dollar store scenario. My fault for lack of explaining my thinking. Again, I think the penny, logically, should be gotten rid of since they won't implement a new, devalued system. For obvious reasons with the above, cited gas fiasco, I suspect I know what the PA state government will do. Quote: This is true. We may not live to see it, but cash will likely be gone in the next generation or two. I guess within two generations of people not caring about being tracked in everything they do that personal credit card taking devices might be the norm. Flea markets, garage sales etc. taking plastic - glad I won't be there to see it. I owe nothing to a CC company and I never want to. 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 07/08/2017 10:31 am Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 07/09/2017 12:27 am Quote: I owe nothing to a CC company and I never want to. I pay my bill in full every month. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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