USA Act Introduced Today! (To Replace One Dollar Note With Coin)

Also there was something called "World War II" that had just finished up, but that probably wasn't nearly as important as the fact that they stopped making low-valued coins.



And here I had the impression that Japan was one of the most homogenous countries on Earth.



How is Greece doing with its super-useful 1 and 2 euro cents? As long as they keep producing them, they can't fail. (Meanwhile, the Netherlands and Finland, having eliminated those two low denominations, are now internationally renowned for their financial instability.)



^ basically this entire thread

I don't like the idea of getting rid of the dollar coin. I don't want to have 20 heavy coins in my pocket when I can have 20 lightweight bills in my wallet. This would also be bad for those who make their money in tips (bartenders, servers, strippers) having to carry 200 $1 coins home every night. The current $1 coins look fine in BU condition but once they get circulated at all they look disgusting. Getting rid of all coins less than $1 except for the dime is the dumbest idea I've heard of in a long time. Somebody said that restructuring the bills and coins would require businesses to reconfigure their cash drawers. Do you have any idea how much that would cost? It wouldn't help anybody except for the cash drawer manufacturers. The size of the cash drawer itself would probably need to be changed, costing businesses billions of dollars. The only things I would change are switching the penny back to copper, redesigning the obverse of the nickel (the ugliest coin I've ever seen), reverting to the old eagle quarter, making a large dollar coin again, and changing the $5, $10, $20, $50, and $100 to their prior attractive designs rather than the ugly current designs, and bringing back the $500 bill and maybe even a $1000 bill.

Not to mention the SBA dollar has been around for over 30 years...

Conder101, nalaberong, and n9jig... FOR THE WIN!

One additional comment...


Not possible. There is not enough gold in the world to back a fraction of the US economy, let alone the world economy.

Bugo,

You say you don't like the idea of getting rid of the dollar "coin" and then you protest against the dollar coin. I'm guessing that was an error?

Also, I've had times where I've carried 30 $1 coins around, or even more halves, and they don't bother me one bit, so I don't see why anyone would have a problem carrying up to 10 or a few more $1 coins, and quite frankly, I don't see how anyone needs to be stuck with that many. I never get stuck with 10 quarters, 10 dimes, ten nickels, or ten one cent coins at a time, except recently, when my 7 Eleven clerk friend was having trouble getting quarters out of the safe to make change with, so he had to give me 7 dimes, which was not the greatest, but it weighed next to nothing.

Oh, and on another note, at 7 Eleven I see a LOT of people dig out their fractional change to pay exact change, so I don't see why there would be an issue of digging, $1 and $2 coins out of their pockets either.

Funny thing is, it is a Canadian I often see saying there was no problems at all and it made no difference when the "cent" was removed in Canada in these types of threads about US money.

Also I witnessed similar since in contact at the time of the change with a construction worker who had to buy his lunch when the twonie came out and ended up with so many he didnt know what to do with because he couldn't carry a bunch of change on the construction sight so had to deal with bills to pay the lunch wagon for his lunch on site. He commented you really couldn't say "Keep the change." when the change was $2 and risk it falling out when bending over or through a hole in your pocket. They had to buy lunch credits form the foreman at that time since they couldn't just run back to their car to put the change away before getting back to work, Then at the end of shift they had to cash out credits they had left and had the coins just piling up at home.

Now obviously this is an outlier case since everyone wont be in such a way they have to carry coins around ALL day or can't carry them around. (No the lunch wagon doesn't even take credit cards, it was cash only; before anyone asks.) But it does go to chow that in ALL countries, ALL coins end up in "the jar" to be forgotten until such time as they are remembered or needed like the US 1-cent coin. Anyone I have spoken to in Japan, France, Germany, all have "the jar" whatever it is where they just put coins until later and just leave the house with bills or credit cards, not a pocket full of coins.

not to mention clothes are made so cheap (quality) now that they aren't intended for carrying coins as they were back when the US $1 was the size of Ikes, Morgans, etc. and had real weight to them. Pockets in most clothes are made just enough to hold a smart phone amount of weight, IF they are larger enough for the smart phone to even fit.

Like the cash drawer (sorry can't find the post that responded) its something that will have to be adapted to.

The problem with the cash drawer is not that enough slots for coins dont exist, solely. But when you have 1 roll of cents that need to stay in the replacement seciton on the far left, they are smaller than rolls of $1 coins. So removing the cent means you can move things down 1, but dealing with the $1 coin will mean you either need a place to put more rolls to replinish when you run out, or you will have an excess that must be removed formt he drawer more often.

Keeping the same lets say 5-slots, means you have wasted space in the bill/check section. unless they add $2 bill where the $1 bill used to be. Most placed dont even keep larger bvills in view for safety reason, they are placed under the drawer as well, just as checks are. Which means heavier amounts of coins in the drawer will make it harder to lift the drawer to put the random 50 or 100 under it as well the checks.

it isn't just about enough slots for coins, but coins have a volume and weight that must be taken into account as well, that seems to be forgotten by many when they say "there is enough room" Not to mention the drawer must be counterbalanced at the back to account for coins in the front so it doesn't fall out when it is opened, and either you have to change the weight of the drawer itself, and increase the size and strength of the spring to hold it into place as well as help inertia close the drawer, or figure something else out with it.

I am still in favor of the $1 coin though, just removing the penny to add the $1 coin in lieu of the $1 bill, isn't as easy as some people want to think it is. the mechanics in these systems are more than is being assumed. That doesn't even take into account slightly older registers that you can't remove the till from. So yeah the system as a whole in many places will have to be re-evaluated, cashiers might even need to be retrained... if they ever were trained to begin with.

And I still say it would also require the return of the fifth if we get rid of the quarter. Unlike with one cent coins, I'm sure people here, like the people in the Euro countries would most likely want a 20 cent coin to replace the quarter, even if we have no 2 cent coin now instead of carrying up to four dimes. I know I would.

There are now three concurrent and related threads.

I ask that we redirect attention and discussion to this thread...

https://goccf.com/t/236555