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 Replies: 37 / Views: 5,711 |
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Valued Member
United States
62 Posts |
dcarr--that's a real nice disign and I think they would make a mint of money on that one,I think anything to do with space would be very collectable
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Pillar of the Community
United States
535 Posts |
Regarding the use of $2 bills - The only use I ever saw of them was for gifts. However, I've started as a collection counter at church. We have a small congregation of about 100 folks. Every week I see $2 bills in the plate. Its unusual if I see less than 5 on any given week. They don't come from the same people, because they are in different envelopes.
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Formerly nancyc
Australia
5385 Posts |
Just in support of Muckeye's post. Aussie's had no problems with the $1 & $2 notes being discontinued and the two replacement coins are quite OK, the $1 is used for most of our commemorative purposes, both circulating & NCLT.
A lot of collectors specialise just in $1. The paper $1 notes used to get worn out very quickly. We don't have any paper notes now, they're all polymer.
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Pillar of the Community
United States
1173 Posts |
If the dollar and two dollar bills were pulled from circulation, then dollar and two dollar coins would quickly make their way into our everyday coinage, IMHO. Until then, however, there's not really any reason for people to adopt the larger denomination coins.
Also...if our coinage were change from penney-nickel-dime-quarter-half-dollar to 2 cent-dime-20 cent-half-dollar and two dollar we'd be able to make correct change readily. It would also allow a re-sizing and re-coloring of coins to make it easy for everyone to tell the difference.
But...it won't happen.
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Valued Member
United States
62 Posts |
the credid cards caught on pretty fast--maybe we won't need paper or coin money before to long--just a thought
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Pillar of the Community
United States
2177 Posts |
I pay cash for everything that I can. For that reason only I wouldn't want notes eliminated. It would be a real burden.  |
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Valued Member
United States
62 Posts |
i use my credit card for almost everything so I can get my miles for travel,but when I don't use the cc I will be using GW $'s as often as possible
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Pillar of the Community
Canada
1152 Posts |
As was stated before, us Canadians have no problems with the $2.00 coin, which I beleive, if implemented carefully, could work on the USA. Now for the reality: Canada had 30 million people, most of which had already adopted the $1 coin, to convince. The USA has 350 million people, very few of whom have adopted the $1, to convince. I see a problem but it is possible to rout.
Andrew
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Bedrock of the Community
United States
17884 Posts |
The problem with issuing a two dollar coin is that at the moment the american public isn't used to using a two dollar denomination because the two dollar note doesn't circulate. For that reason I think that even if you tried to introduce it right now it would fail. Even if you eliminated the one and two dollar bills.
If on the other hand you eliminate the One and INCREASE the number of twos in circulation, the public, with their preference for the paper over the coin would embrace the two so as to reduce the number of dollar coins they would have to carry. (With two in circulation there is no reason you should ever have to have more than one dollar coin on you, or receive more than one in change.)
Once they are used to using twos to reduce the number of ones, THEN you could introduce the two dollar coin and eliminate the two dollar note and get it to succeed.
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Pillar of the Community
United States
651 Posts |
I've seen a dragon fly, Why I've even seen a house fly, but I done seen about everything when I see a elephant coin fly.  |
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Bedrock of the Community
United States
14454 Posts |
I would like to see a 20.00 coin that traded at face value or maybe even a 50 or 100 dollar coin. I believe the larger denomination coins would have a better chance of circulating than the dollar coins because of the buying power one coin would have against the buying power of the 1 dollar coin
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Valued Member
United States
382 Posts |
i think also that if the Dollar bill was removed the coins either 1 or 2 Dollar would circulate. I can't see the reason that the mint and banks have the new dollar coin in limited supply. The bank will not give you a dollar coin as change, so how do they expect it to circulate? Maybe if the general public were educated in the fact that hundreds of millions of these dolar coins are minted and they are not (collecors items) maybe they would use them. A 2 dollar coin might have more use than a dollar as you can't buy anything for a dollar anymore.
Tony
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Moderator
 Australia
16829 Posts |
One question. Two dollar bills are, so they tell me, widely seen as unlucky in the US; superstitious folks apparently like to tear the corner off them to cancel out the bad luck. This is widely given as the reason the $2 denomination never hit it big in the US.
America has never had a $2 coin before. Would the "unlucky $2" stigmatize the coin and make it unpopular, has the "bad luck" largely died out since the effective disappearance of the $2 note from circulation, or would that curious superstition only apply to notes? (I suppose it'd be hard to tear the corner off a coin!)
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
United States
159 Posts |
I had a friend who was always looking for $2 bills. When I finally asked him why , he told me he used them at gentlemens clubs. Apparently the strippers would often confuse them for higher denomination bills in the questionable lighting conditions and would be VERY friendly LOL .
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Bedrock of the Community
United States
17884 Posts |
quote:
the credid cards caught on pretty fast--maybe we won't need paper or coin money before to long
Credit cards came out in the mid 1950's. It really wasn't until the 1980's that they began to become truly popular and not until the early 90's before they started to become widely and commonly used for smaller purchases. I don't see 30 to 40 years as pretty fast. quote:
I can't see the reason that the mint and banks have the new dollar coin in limited supply. The bank will not give you a dollar coin as change, so how do they expect it to circulate?
The mint doesn't have them in limited supply. The bank does because they do not expect them to be popular and so didn't order many. They, the banks, DON'T expect it to circulate so they won't stock it. Since they don't stock and distribute it it doesn't circulate and it becomes a self-fulfilling prophecy. quote:
Maybe if the general public were educated in the fact that hundreds of millions of these dolar coins are minted and they are not (collecors items) maybe they would use them.
The problem is how do you educate them? The mint spent 60 million dollars in print, television, and radio advertising for the Sac dollar. They spent millions more on the president dollars, yet it is not hard to find people who have never seen them or don't even know that they exist. Or if they do all they know is that there was some kind of error on them. And if they know that they believe they are either all valuable, or have been recalled and are going to be valuable. In either case if they get one, they won't spend it, "because it's valuable". So ironically, the plain edge washington error, although it got millions of coins out of the bank, is actually contributing to the coins failure as a circulating medium. quote:
America has never had a $2 coin before. Would the "unlucky $2" stigmatize the coin and make it unpopular, has the "bad luck" largely died out since the effective disappearance of the $2 note from circulation, or would that curious superstition only apply to notes? (I suppose it'd be hard to tear the corner off a coin!)
Heck no, the coin has to be good luck! See, it's round, all the corners have already been torn off! |
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Posted 04/02/2007 01:17 am
