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Why Nobody Spends Half Dollars.

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Pillar of the Community
708 Posts
 Posted 02/18/2013  11:55 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
basebal21,

All newer machines are made to take halves? Thats not what I usually hear from the vending industry. They just tell me that not enough halves circulate to justify the upgrading, and I tried to explain to them that they have to start making every machine they make from now on, accept halves, so I don't know if I am getting through to them or not, but I am trying to convince them to make a coin mech for all vending machines made after 2013 accept halves, much like all vending machines made after 1979 were made to take small dollar coins. It would not be that big of a deal for them to change the design plans of their future mechs, and then just build them that way and install them in all newer machines afterward. Then the main part would be, getting these new vending machines to "dispense" halves as needed. Just as store self checkouts should be able to both accept AND dispense both $2 bills and halves as needed. Then you would really see them circulating. I'm even trying to convince the Treaury to release the redesigned $2 bill with the next redesigned $5 bill so that ALL vending machines, including those that do not even take the current design $2 bill, can reprogram for the new design $2 bill while reprogramming for the new $5 bills. This is an idea that I told NAMA about, and they said it was a valid argument, and he was even going to talk to the Director of the BEP about it when he met with him, but told me not to expect much of it, but the BEP also told me to suggest a $2 bill redesign for the visually impaired and the blind on their Meaningful Access page, and now, even though I am not sure if I am "totally" responsible for them deciding to redesign the $2 bill, I do believe I helped, because every voice counts. So, if the $2 bill starts circulating widely, once redesigned, I really want the half to see some circulation as well. As for the dollar coin, only if the $1 bill and possibly the penny are eliminated.
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Earle42's Avatar
United States
10038 Posts
 Posted 02/19/2013  03:01 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I am 50 years old. When I was young I loved half dollars. When I used to ask people why they did not share my enthusiasm, the reply I always got was b/c halves are bigger and heavier, hence more cumbersome to have around.

As a teen, I even started to deliberately pay for things with with half dollars, but always got the same response that they were too heavy and large to want to have in a pocket.


And once more I feel the need to set the record straight with facts...

Check out the threads where both myself and jbuck questioned the Canadians on their changing from $1 bills to $1 coins and you will find that most definitely, from people who have gone through it - not some hypothetical wishing - weight is an established, factual problem with coins the size of a dollar coin (see thread links below). It is no wonder people do not carry halves with them.

I can't sleep tonight so ...
@SteveCaruso
You said:

Quote:
All of these are strongly established.


Quote:

1) The dollar bill must die. This has been recommended 7 times in the past 20 years.

Yes: It has been recommended - this is "strongly established."
No: "The dollar bill must die" - this is an opinion, NOT a "strongly established" fact!

The term "strongly established" implies a concept that is factual and beyond doubt. The only "strongly established" part of this statement is that 7 different times the dollar's demise has been recommended. A "strongly established" fact would not need 7 recommendations be made!

Obviously there has been enough debate/doubt over the issue that if this many recommendations have been made and nothing has yet been done, it is not universally accepted the dollar bill must die!

As a comparison:

It is a "strongly established" fact that water is wet. There are no opposing opinions and therefore no recommendations that this be taken into consideration for debate.

It is an opinion (one I hold!) that CCF is the best forum for numismatists. As much as I would like to say this is a "strongly established" fact, I cannot since other people can recommend other sites based upon the other sites' merits.



Quote:
2) It will save money. Canada's program reported 10x the savings they expected. To say it isn't proven is hogwash.


I like clean hogs!

Problem in semantics here. The government has said it will save millions of taxpayer dollars by switching. This may be the case. But the common man ends up paying for it in other ways. Collectively, some of the the tax money the common man pays might be redirected away from making paper bills. However, the common man/banks/businesses who deal in change will end up having higher costs passed on to them (as they did in Canada).

When the Loonie had been out a little while, the Canadian banks were the ones telling me that they did not understand why the US would be dumb enough to follow their example. I was shocked!
I asked why (since I liked the Loonies and other dollar coins). The response was that they cost so much more to transport that the banks had to pass the costs onto the customers in the way of higher fees.

So yes, the government probably does save some money (so they can waste it in other places), but the common man does not get as great a reward as the carrot at the end of the stick promises.

The report the US government made leaves out details affecting the common man; targets how much money the government saves, and also (if I remember correctly from reading it - check this) the US government report left out the devaluation of the dollar per the number of years it would take for them to save their money. The figures they give are suspect.

The only thing well established about the cost is that the government sees a way to sell the idea of them being able to revamp the system so they have more taxpayer dollars to play with. Its not the little man getting a break since he still gives the government the same amount of money AND pays increases on services for some areas of life.


Quote:
3) People prefer them 2 to 1 if you mention the savings. If you leave that important fact out they don't.


I do not know, and do not doubt you can point to some factual listing of this figure of 2 to 1. However, in my personal experience, I decided to ask people I knew the following question (so as not to let them know which way I felt), "The government says the Presidential dollar coins will save taxpayer money. Do you like to use them?" I never got a reply that was not in the order of, "Its not worth having to have a pocket full of heavy coins."

The 2 to 1 ratio is is far from being "strongly established," BUT, I also realize this is just in my area. An area BTW, that when I moved here, was the only place I had ever gotten even ONE dollar coin in change.


Quote:

4) They will not weight down your pockets. A dollar coin weighs less than 4 quarters.

Wishful thinking - yes - people CAN find ways around it. But the actual fact is in both threads where jbuck and myself asked the Canadians about the weight issue. You can read the Canadians say weight IS an issue and that to alleviate the problem, they don't carry the coins, but put them in change jars. They also said it is real easy to end up with pockets full of change, and it happens all the time.

Here is jbuck's recent Canadian inquiry:
https://goccf.com/t/141177
Here is the one I initiated awhile ago:
https://goccf.com/t/112063

BTW - you will also see that the people old enough to have known 1 and 2 dollar bills; instead of just Loonies and Toonies (aka the ones with experience with BOTH systems) are the ones talking the most about the weight issues. But this makes sense since the younger people who have never known anything different cannot make a factual comparison, but only give opinions. You cannot miss something you never had an experience with.


Quote:

5) Coins outlast polymer notes by a factor of 10 (realistically closer to 15 or 20).

This would seem to make sense since coins are solid metal.

But I have yet to see a study where the cost to the common man - of the dollar coins or poly notes - is taken into effect instead of presenting only the argument explaining (not well) what the government says it can save.

The poly note savings may prove to be the same or better to the common man if the costs involved in a longer dollar bill life span balance out the increase of shipping costs for hundreds of millions of pieces of metal being shipped around daily (like banks, businesses, etc.). It would seem logical poly notes would save over our current linen bill production, but the sum of the savings is not known.


Quote:

6) We're the only major economy that still has singles in paper. This is no surprise. We're a stubborn country.

The only thing strongly established about this point is the part of the us being the only ones with "singles in paper."

"Strongly established" is a matter of opinion/circumstances when it comes to our country. We have always been stubborn about being generous to other countries also. This is a good thing.

I personally do not have a problem when America is the ONLY country doing something. And I do NOT think it is legitimate to compare what other countries do in an attempt to say what America should do.

If We put this same criteria into everything we do as Americans, there would not have been men on the moon! We did not start out in a space race, we were curiously expanding there. We DID get in a race that put a man on the moon, but we were looking in that direction anyway - like we currently are buzzing about a man on Mars.

I also submit that we are one of the few (only?) countries with a Bill of Rights that enables us to stand apart as proud Americans. Should we weight his against other countries also and get rid of our rights as Americans?

"Yankee ingenuity" is a term known around the globe. People of all countries have flocked here over the years b/c we are NOT followers by nature. THESE are "strongly established" facts that would point to me saying, "WHO CARES if other countries don't have dollar bills! What has that got to do with me as an American? ... Absolutely NOTHING!"


Quote:

7) Yes, all modern vending machines can take dollar coins with minimal adjustment. All machines that don't need to upgrade or die, as the small dollar has been around since 1979.

True - does not take much and a lot of them are done anyway.

Taking each point and putting up against aspects of the facts that have been overlooked (NOT intentionally, I am SURE) sheds some light onto calling them "strongly established."

And just to be plain. I am a weird bird b/c I'd rather know actual facts than be concerned about being right. I also enjoy dissecting everything in light of fact and logic.

And another important thing needs be said: I like and respect SteveCaruso's contributions to the CCF family.

And so you know my personal take on the dollar coin issue. If the dollar coin is shown to save me, personally, money in the long run - not just some government way of keeping more of my money in their own pockets - then the only issue I would have is the heavier pockets (which I have experienced many, many times in Canada).

So I probably would not dollar coins too much as, like our Northern Neighbors say, they end up having more money when they cash in their piggy banks b/c a lot of the coins in there are Loonies and Toonies. But if I have to see increased costs - as has been mentioned as having happened - then I do not like the idea. I am sure we could come up with a better system, We always have been able to solve our own problems in the past in very unique ways.

Personally, I wish some comprehensive study would be done on actual impact to the common man, not just how much the government would get to keep in their pocket. And I would like to see if the savings would justify poly notes. If this is the cheapest way to go - for everyone - then do this.

And I'm still no tired so I need to go find something else to analyze
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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basebal21's Avatar
13014 Posts
 Posted 02/19/2013  03:30 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
basebal21,

All newer machines are made to take halves? Thats


Honestly I have no idea. I was just thinking from an economics standpoint. If a place had a new machine it would make sense that if any were going to be converted it would be those as opposed to the old machines that was paid for long ago. Kind of like with a new car youll keep it looking nice but the 20 year old pickup truck youll just do enough work on it to keep it running.

I definitely agree the only way things circulate is if theyre distributed. People arent going to go to the bank to pick up the bills and halfs in large numbers to get them started, and as long as theyre rare when one actually does itll be hoarded or put back into the bank for the most part.

At this point I'm not even sure why the 2 dollar bill is still made. I think it can certainly be useful, but unless you collect them they seem to just be collecting dust in banks and storage facilities. If you arent going to circulate something theres no reason to make it. Its way to small for banks to use it as money transfers like the 1000 dollar bill and I really cant think of what theyve been used for all these years.

With the price of a lot of tolls now a days they could be perfect for that. I do like that they still have the old design as I liked the look of those bills but from a practical standpoint it does need to be changed so it can be used or it needs to be killed. Its kind of sad that if you make a practical argument it sounds like it falls on deaf ears but as soon as you make a disability argument they seem to at least listen. The practical argument should have been more than enough to get their attention.

As far as the half though they may need to resize that if they want that to be viable. I like its size and wight but its so far off from all the other coins. They shot themselves in the foot with that one leaving it as silver so long making everyone think of it as a collectors coins or something to hoard as opposed to every day change. They could save if stores got behind it, maybe a redesign could change its image so people will just spend them and not search them for albums and silver all day.

For the dollar I agree, just forget about the coin as long as the bill stays. If the bills there it wont work as weve seen time and time again. It could be the worst coin ever made but if no 1 dollar bills are there itll get used, just like it could be the best coin ever but if the bill is there it wont get used by most people



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SteveCaruso's Avatar
United States
1796 Posts
 Posted 02/19/2013  09:27 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply

Quote:
And another important thing needs be said: I like and respect SteveCaruso's contributions to the CCF family.


I do feel that it is very important to emphasize that I feel the very same way about your contributions, and where we differ on opinion I harbor no ill will, nor do I take anything personally (despite how opinionated I may seem on this matter). If this were a face-to-face discussion at a coin club or the likes, know that I would be the first one to invite you out to a beer or cider afterwards. :-)

(But... if I was treating I'd get to pay with $1 coins. if you were treating, you could use bills. Everyone's happy! ;-) )
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 02/19/2013  10:05 am  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
Fox, the 50's and 100's go under the 20's and get used to do payouts.
The empty bill spot is for debit/credit merchant copies of the receipt.
I would like to use 50 cent coins. Not $5 coins. Especially if they have a silly nickname.
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M0nks's Avatar
United States
1770 Posts
 Posted 02/19/2013  4:11 pm  Show Profile   Bookmark this reply Add M0nks to your friends list Get a Link to this Reply
i started out as a kid as well with half dollars and never looked back I live and breathe half dollars (and I always carry a few in my pockets to spend)

long live the half dollar!!!!!!!
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matthewvincent's Avatar
United States
3486 Posts
 Posted 02/19/2013  4:48 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Hmmm. OK. Little history.

During WWII, a GI on leave could have two halves, four quarters, 8 dimes and 4 nickels in his pocket.
That was quite enough for a Friday date night.
Admission to a skating rink and snacks. Bus fair to and from home.

Today, the same amount of change would not buy me a half gallon of milk counting the cost of gasoline/petrol.




Bedrock of the Community
United States
20753 Posts
 Posted 02/19/2013  6:30 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
The advantage of the half, along with the disadvantage of the dollar coin is that, a half has no 50 cent bill to compete with, as I have always said. The fact of the half being a "fractional" denomination may also help the half with its circulation.

An interesting thought. So why not a Half Dollar Bill? And while we are on the subject, why not all paper, no coins at all? Wonder what that would be like buying anything. Just all paper money.
I'm starting to like those baby dollars. Got two in change in the last few days instead of quarters.
Pillar of the Community
708 Posts
 Posted 02/19/2013  6:35 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
Bm0ney,

Well then, why don't you ise halves if you want to use them? To rare or hard to get at the bank?
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 02/19/2013  6:38 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
You guys keep on and on about it, but don't get the message that no one wants dollars as coins weighing down their pockets.


I see the same people saying this pull $5+ in quarters from there pocket to pay for a pound of nails at my wife's store. On top of that they have to sort through another $2 or $3 in cents, nickels, & dimes to count out exact change for the purchase.
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Earle42's Avatar
United States
10038 Posts
 Posted 02/19/2013  7:10 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
@SteveCaruso

Quote:
(But... if I was treating I'd get to pay with $1 coins. if you were treating, you could use bills. Everyone's happy! ;-) )



You are a good man Steve! Its great to have friends who can discuss things from opposing sides and yet value the friendship over anything else. This is what counts.

And make mine a Pepsi please
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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ninamason's Avatar
United States
1227 Posts
 Posted 02/20/2013  01:46 am  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
Make mine a--crud, the name of my favourite drink is not welcome on this forum. WELL it's tequila, peach schnapps, grenadine, and pineapple juice. If I tell you the tequila is a substitute for vodka, I'm sure the drinkers among us will know what this is.

Moving on . . . baby dollars are LIGHT. I've said this before, I'll say it again: it would take about thirty bucks in baby dollars to equal the weight of my keyring and it only has four keys and a carbine on it. My keyring is quite small (housekey, key to my trunk, ignition key, and a key where I don't remember anymore what it goes to but I've sort of been hanging onto it since I was fourteen--I think it MIGHT be the key to the backdoor of the house where my best friend grew up).

Seriously, if the weight is that much of a problem, you're not doing your spending right.
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CelticKnot's Avatar
United States
12820 Posts
 Posted 02/20/2013  01:54 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
Seriously, if the weight is that much of a problem, you're not doing your spending right.




If you ever get a pocket full of quarters, you don't drag them around with you all day. You throw them on your car's dashboard or in its ashtray, toss them on your desk or dresser, or whatever. Change is...just change. You're not going to buy a house with it, so why the fuss? Keep a small amount of change with you (if you really want to) for your small daily purchases, and replenish your "walking" supplies as needed, otherwise, go color up or deposit at the bank.

That's definitely my opinion, and I think most men (oh boy this could be another topic all together) don't even keep change. Speaking for myself, on the rare occasion I purchase something with cash, I examine my change and then it ends up on my desk or dresser within a couple hours. Women tend to have change purses, which can get fairly bloated with change, I've noticed. Not the intent of change. No one is expected to pay for a 7 dollar hamburger in change, and it's annoying when someone tries. Yes, we've all been there.
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ninamason's Avatar
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1227 Posts
 Posted 02/20/2013  2:57 pm  Show Profile   Bookmark this reply Add ninamason to your friends list Get a Link to this Reply
Celtic--oh boy have we ever! Last night was my last night at work, and I had the awesome full-circle experience of one of my last customers being a girl paying for $8 lotto all in change (why awesome full-circle? Because there were three nickels from the 1940s in that handful of change, that's because why.) I've had people make purchases up to $40 all in change (unrolled quarters, in that case). DOING IT WRONG!

I personally carry $1.34, or thereabouts, with me when I leave the house (three quarters, four dimes, three nickels, four pennies) if I'm carrying cash. My wallet has a teensy-tiny change purse on it, and that's how I like it--if I have baby dollars with me I can just fit the amount above with three baby dollars, and then bills go in the billfold portion.


Unless I'm running way low on fives, I do not begrudge anybody who gives me $11 for a $5.-and-change purchase (it gives them back a five). That is how you get your baby dollars out of your pocket if you're not actually spending them. C'mon. It's easy. You can do it too.
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Earle42's Avatar
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10038 Posts
 Posted 02/20/2013  11:41 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
If I had more than one key, they end up on my belt with one of those spring loaded chains.


Quote:
Seriously, if the weight is that much of a problem, you're not doing your spending right.

Yes, spending is something an individual CAN control. But in the answers to our inquiries, the Canadians verified it is very easy to end up with pockets of change.

When you get a bunch of Loonies and or Toonies dumped on you in change, you did not have a say in whether or not your pockets were full. And this happens a lot. Read the posts from the Canadians - they are the ones saying how legit this problem is. Theoretically people can make a way around the problem. But in practice, it does not work this way overall or the Canadians would not be saying weight and pockets of change are a real issue.


Quote:
C'mon. It's easy. You can do it too.

I agree with you. But just like they are currently having trouble with people not being able to round prices (for their lack of pennies), people are not going to think through how to minimize the number of coins in their pockets either.
Not everyone wants to keep track of how many Loonies and Toonies are on their pockets at any given moment. instead they accumulate and people start to notice when pockets/purses get full.

Ideas that work in theory (and make sense) are great, but you can lead a horse to water...

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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