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 Replies: 24 / Views: 7,261 |
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Pillar of the Community
United States
2408 Posts |
I'm with KH on that one.
Let's face it, pocket change is fast disappearing and the regular numismatic landscape will continue to change... and whether we like it or not, things will accelerate very fast. For my children, the use of coins is now a curiosity because my wife and I rarely pay cash nowadays - if ever.
That trend is irreversible.
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Valued Member
Canada
451 Posts |
It has already vanished considerably but I don't think it will disappear completely. Teenagers still use pocket money/change heavily and I don't really see that changing so as long as parents keep pumping out the allowance. I barely use cash, but I don't see my limited use of change decreasing any further than it already is. I think I actually became a coin collector during my clubbing times, lots of change circulated in those bars.
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Valued Member
 Canada
85 Posts |
The coin value might has nothing to do with the material, when people pay more than 400$ on a painted steel coin.
Looks a great deal fresh persons joined the collection team, or someone only wants to find a way to spend their extra money.
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Pillar of the Community
Canada
1502 Posts |
My 2 cents is that coins will stick around for a while yet. I know more than just a handful of 20 somethings that are collecting, and they're not just fishing for the non-standard circulating coinage either. Also, I still feel that paying with credit is practiced largely by the middle-upper class. My dentist still get paid in cash close to 50% of the time (insurance aside) and i'd bet a good percentage of restaurant and shop owners likely still receive the majority of payments in cash, especially sales under $100. And, all the more so when you're looking at ethnic/"minority" businesses. One of the ways you can tell if a chinese restaurant is at least half authentic is if they accept cash only :)
Besides, even when finally acceptin debit payments, most of us still pay for our timmies with pocket change :) and That's a significant chunk of change if there ever was one (in Canada)
Edited by poboxw
09/07/2011 12:53 pm
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Pillar of the Community
United States
2408 Posts |
Maybe I watch too many movies but I'm convinced that, in the long run, money as we know it will completely be replaced with electrons. It's not a matter of how, what or who, but a matter of when. The technology is there to enable seamless access to goods and pay without ever opening your wallet, let alone digging into your pocket for change.
Besides, I never carried coins in the days when we had 1 and 2 dollar bills... I'd drop'm in a jar and roll'm up (after screening of course). But really, I never cared to carry coins - except maybe to make phone calls at a telephone booth. Have you seen a telephone booth lately?
Vending machines. Ah yes. Well, that's just a matter of time before you have RFID tags embedded in credit card and you just walk up the machine and press a button.
Sorry to burst some bubbles with this nasty future. But maybe this is a good thing for coin collecting. Or not.
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Valued Member
United States
304 Posts |
The future is now my good friend (or maybe it was a few years ago). Quote:
Vending machines. Ah yes. Well, that's just a matter of time before you have RFID tags embedded in credit card and you just walk up the machine and press a button. Ever heard of Mastercard Paypass? RFID tag imbedded in your credit card. You just tap the card and go. I had one years back when I was with a different bank. Funny thing is, I would always tap my card and it would light up, however the cashier would always standing there with their hand out any way. They would so, oh I'm sorry that didn't work, let me see your card and they would swipe it any way. So much for new technology. |
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Pillar of the Community
Canada
1502 Posts |
I can see the penny going but still can't imagine the coins or bills gone. (on a side note, the plastic $100 bills are coming out in November) Credit cards are relied on more and more but the fall back will always be cash, especially when it costs the vendor $0 to accept cash. And this RFID business still have a ways to go in terms of security. For less than $50 in ebay parts I can build a RFID reader with a couple of meters of range, sit in a mall on a saturday afternoon, and go home with hundreds of credit card numbers. I think there will always be some form of coins and bills for "unplugged" transactions. |
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Valued Member
Canada
85 Posts |
I believe the physical money will disppear one day, but I have a very traditional idea:
When I see the bill or coin, I think them money, when I use all debit/credit cards, or check, wire transfer...I do not think they are the real money.
Am I old fashioned?
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Pillar of the Community
United States
2408 Posts |
bjones, technology moves faster than me... we use RFID on our inventory and access badges. I did not know such thing existed for credit cards yet.
But I am not surprised. The Internet, broadband, wireless access is bridging everything together now. There is just no stopping this trend.
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Replies: 24 / Views: 7,261 |
First Page
Posted 09/06/2011 10:04 pm
