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Actually Spending Dollar Coins

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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/12/2016  09:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The Australian gold colored solid aluminum bronze $1 coins are 1 gram heavier than their American counterparts.

The Australian $1 coins form an essential and heavily used part of the currency system. Used by everybody in all coin transactions. Very convenient.
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Bryan78's Avatar
United States
1068 Posts
 Posted 07/12/2016  10:20 am  Show Profile   Bookmark this reply Add Bryan78 to your friends list Get a Link to this Reply

Quote:
Look back one page at my previous post of why the US government had no right or authority to force this upon us. The important part is that it is such a sad day for our country
when US citizens desire the government to force its citizens in areas it is not empowered, and has no rights whatsoever to do. The freedoms we have were bought with blood, yet modern people find no problem in handing them over. Its the current trend in media and educational programming.


If the Government wants to, IT CAN force you to use dollar coins and there is not much you can do about it... I don't like the fact that our tax dollars are wasted yearly on making the cent and nickel when both cost more to make then their worth so you actually lose value and the dollar coin last longer then a bill would which would save millions of tax dollars...

Back in WWII the U.S. Government made the people of Hawaii turn in their money and issued them "Hawaiian" notes that were only good in Hawaii...

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jbuck's Avatar
United States
188770 Posts
 Posted 07/12/2016  11:27 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Look back one page at my previous post of why the US government had no right or authority to force this upon us.
Wrong! The Constitution gives the government (Congress) the authority to coin money. It says nothing about having a right to a one cent coin or a one dollar note. If they want us to get rid of the cent and force us to use one dollar coins they certainly can! The one dollar note did not even exist until the founders were long dead and buried.


Quote:
If the Government wants to, IT CAN force you to use dollar coins and there is not much you can do about it.
Correct.
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Finn235's Avatar
United States
6130 Posts
 Posted 07/12/2016  11:36 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
There are two reasons why the dollar coin has not taken off here, and won't until these are resolved.

1) The culture of cash in the US is that bills go in the wallet to be used next time, coins go in a jar on your desk to be turned in all at once for a nice cash bonus. Nobody besides coin enthusiasts like us plan ahead and scoop out a handful of change before leaving the house.

2) The Mint is in the pockets of the vending machine lobby. The Sac dollars HAD to have manganese so that vending machines would take them. Ikes are too big, SBAs look too much line quarters, and the gold dollars just don't hold up in circulation. We need a small diameter, thick dollar coin, but the vending machine lobby will nip that in the bud because the machines won't take it.
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jbuck's Avatar
United States
188770 Posts
 Posted 07/12/2016  11:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Actually, dollar coins will take off if they remove the choice by eliminating the one dollars notes. However, those are two valid reasons why they have not done it yet.
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n9jig's Avatar
United States
998 Posts
 Posted 07/12/2016  11:57 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
Actually the government cannot FORCE one to use any form of currency, notes or coins.

What they can do is COERCE you to do so, like Canada did when they removed the paper dollar in favor of the Loonie. The US government can very easily make the dollar coin viable simply by stopping printing of the paper One Dollar bill. Of course this is the reasonable thing to do so it will never happen, at least in my lifetime.
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Conder101's Avatar
United States
17884 Posts
 Posted 07/13/2016  09:43 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
I agree that this is likely true in most cases of rounding, but also would not put it past some to take advantage.

If someone did and I was their competition, I would always round down and take away their business since my prices would always be lower.


Quote:
1) The culture of cash in the US is that bills go in the wallet to be used next time, coins go in a jar on your desk to be turned in all at once for a nice cash bonus.

This is true today. It was not the case in the past because back then coins had significant purchasing power. Todays coins are for all practical purpose worthless compared to 50 years ago. Back then you didn't need much in the way of paper money because a few coins would take care of your needs.
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Finn235's Avatar
United States
6130 Posts
 Posted 07/13/2016  09:50 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I would actually love to hear from our Canadian, Australian, or European members how they use their equivalents of the $1 or $2 coin. As in, do they just keep the coins in their pocket all the time? In their car?
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jbuck's Avatar
United States
188770 Posts
 Posted 07/13/2016  11:46 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Actually the government cannot FORCE one to use any form of currency, notes or coins.

What they can do is COERCE...
Yeah, uh, but FORCE and COERCE are synonyms.



Quote:
If someone did and I was their competition, I would always round down and take away their business since my prices would always be lower.
As would I.

Places around me round down all the time. I must have said this before, but rounding cash down makes sense when one realizes that the transaction does not incur a fee like credit and debit cards do.
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n9jig's Avatar
United States
998 Posts
 Posted 07/13/2016  4:00 pm  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply

Quote:

Quote:
1) The culture of cash in the US is that bills go in the wallet to be used next time, coins go in a jar on your desk to be turned in all at once for a nice cash bonus.

This is true today. It was not the case in the past because back then coins had significant purchasing power. Todays coins are for all practical purpose worthless compared to 50 years ago. Back then you didn't need much in the way of paper money because a few coins would take care of your needs.


That is exactly what is happening today. Coins have lost their purchasing power and (depending on if it is the chicken or the egg) the precious metals they were once made of.

Of course we could fix this by devaluing the currency. If we just moved the decimal over a position, the new penny would be worth what a dime is today, a quarter can by a gallon of gas and a dollar can by a couple of quick meals at McBurger Town.

It will never happen of course but one can dream...
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jbuck's Avatar
United States
188770 Posts
 Posted 07/13/2016  5:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Or we could just do a virtual shift by eliminating the cent and nickel while replacing the one, two, and five dollar notes with coins. The dime is the new cent, the ten dollar note is the new "single."
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Alpha2814's Avatar
United States
2023 Posts
 Posted 07/13/2016  5:17 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
... although, as much as I love coins, I see us only "needing" three coins (5¢, 25¢ and $1) and three notes ($5, $20 and $100).

Make the new 5¢ dime-or-cent sized the make them profitable again, while losing the current 1-, 5- and 10-cent designs.
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jbuck's Avatar
United States
188770 Posts
 Posted 07/13/2016  5:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
We might be able to save the nickel with a composition change (which cannot be said for the cent), but it only delays the inevitable. I would much rather see the cent and nickel go NIFC.
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jaxenro's Avatar
United States
533 Posts
 Posted 07/13/2016  6:06 pm  Show Profile   Bookmark this reply Add jaxenro to your friends list Get a Link to this Reply
If they force people to switch to a dollar coin instead of a dollar bill it will remind them just how worthless the dollar actually is. Not something the government wants to do. Psychologically bills just seem worth more than coins to US Americans and who in government wants to remind them what they have done to the dollar?
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Earle42's Avatar
United States
10038 Posts
 Posted 07/13/2016  6:55 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
Wrong! The Constitution gives the government (Congress) the authority to coin money. It says nothing about having a right to a one cent coin or a one dollar note. If they want us to get rid of the cent and force us to use one dollar coins they certainly can! The one dollar note did not even exist until the founders were long dead and buried.


True and false. Semantics vs theme/meaning/limitations imposed by the Constitution.

They have the authority to make our medium of exchange - which is technically written as "coin." I personally don't play games of semantics to create validity for a point. If bills had been the medium of the day, would the wording used have been "produce" instead of "coin?" We don't know.

Unlike modern programming of the last 40 years or so though, the PEOPLE set up the government as the PEOPLES' SERVANT. The PEOPLE have made it VERY clear they don't want dollar coins nowadays. The government coercing in the form of medium is against the spirit of what America was founded on.

To me the issue is one which has never been answered despite asking it. Why on earth would any American want the government to force us to use what the masses have said they don't want - especially when there are other, viable options proven to save money such as polymer notes? Do those advocating this CRAVE government coercion that much? There are plenty of other countries which will gladly oblige. The American spirit of what government is supposed to be and do is much more precious, important, and costly to throw away over my own personal preferences.

The issues put forward such as tax dollar savings, weight issue, etc. have all been thoroughly handled before in threads of this nature. Do the homework... its here on CCF...

Weight is, was, and will be an issue - rely upon past findings on this subject (posted on CCF even), not personal desires.

Costs for the common man will go up due to services increasing costs, the psychological issue of a dollar becoming just "pocket change" etc. History has proven these cost increases, and the facts behind the increases is documented in former threads where I did the research and also took polls from the Canadians who went through this years ago (as did I by living close to Canada and frequented there).

Some - not near what the government study said, tax dollars are saved but the problem was they did not include hidden costs such the natural devaluation of history during the time of the changeover,
and costs of mass transporting metals vs paper. Again, personal costs go up while fewer-than-stated tax dollars, on paper, are saved to be wasted on other government spending.


Like I said - its all on CCF from past threads. Relying on opinion is not optional when facts are desired. And one more thing that is on CCF is the cost per person of the wasted money in the unwanted dollar coins already minted and not being used. The grand toital loss to each of us was 6 cents. Just one gallon of gas can fluctuates by this overnight sometimes - so the personal cost of gas from one week to another costs likely 20 times (twenty gallon tank) what a one time loss of scrapping this metal would be.


It is all in previous threads.

Can they force us against our will? Yes... they can emulate socialist/communist/dictatorial systems and force us to do about anything. But American actually wishing for this is a sad thing when there are options which would allow the people to have their way.

Again, why would any American desire the government to force the people into something when there are proven alternatives that will keep the people having what they want and preserve a patriotic theme to the government's function and powers? I wish America was what it once was.

And... this point is where previous such threads have been shut down...
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