Okay, the title of this thread was originally going to be "Could this be the solution to getting Halves and Dollar Coins Circulating?" But, as usual, my desired title could not fit, due to major limitations on titles text.
Anyway, I think I finally found a way that could potentially get both, halves and dollar coins circulating better. Check this out:
This coin mech seems cheap enough for vendors to buy and install onto their machines. Heck, I'd even buy a few for my local Walmart's vendor's vending machines, if they were willing to install them. Someone said, on the page, down below, that the programmed a machine to accept nickels, dimes, quarters, halves and dollar coins. Once a few places started having vending machines available that accepted halves and dollar coins, maybe more stores would choose to stock halves and dollar coins in their five-slot tills if we kill the cent and the $1 bill, seeing as that people would be less likelu to reject a usable half when handed one in change.
I use modern Dollar coins on a regular basis. * Much faster than messing with Quarters at the car wash. * Denver still has a number of parking meters that take only coins, not credit cards. * And all the self-checkouts I've seen (that take cash) accept them.
Quote: You kinda have the reason for not using the half and dollar coins backwards.
I don't think so. At least, not for the half or the $2 bill. The dollar coin already has a $1 bill to compete with, and what cashier is going to stock their drawer with two forms of ONE denomination? (I KNOW "some" cashiers do, and I give credit to those who want to get the dollar coins out there in circulation)
Quote: It is not because machines wouldn't accept them (they did originally) but because no one wants to use them (BIG difference).
Now THAT is just the opposite of what I have read and heard. At least, for the half. In fact, I just went to a local Kroger grocery store last night, and the self checkout machines there accepted both SBA and Golden Dollar coins (which should come as no suprise, as both coins share the same magnetic signature, but I tried one of each anyway, just to make sure) The half, however, DID fit in the coin slot, but like the Meijer coin slots, the half fell into the rejection tray. So I asked one of the workers there "Hey, do you know if your company could get your self checkouts to accept half dollar coins? They already accept dollar coins and $2 bills (even though the machine says "$1, $5, $10, $20, $50 and $100" with no mention of $2 bill acceptance)" and the worker told me "I don't know." and I said "Well, is there maybe a switch to flip, like I have heard that some dollar coin accepting machines have?" and the girl said "I'm not sure" and I said "Well, the Walmart store in my area takes halves" and she said "Yeah, these are old machines" (KEY WORD here: "Old" We'll get back on that in a second, but first...) so I told the girl who worked at the store, "Well I have heard that these machines only have a 10 year life span" and the girl said "Yeah, I believe thats about right" so I told her, "Well, be sure to tell your boss when they have to get new machines, to get ones that accept (and dispense if possible) halves" and she told me she would. I'm not saying I can count on her listening to my advice, but back to the "Old machine Vs. New machines" issue. If the half is a "dying denomination" then, why is it the NEW machines that are accepting the halves, and not rejecting them, while the old machines are NOT "accepting" them and are rejecting them? In other words, if the half IS a thing of the past, the NEW machines should be the ones REJECTING the halves. NOT the "old" machines. The old "obsolete" machines should be accepting the the supposed "obsolete" halves because, supposedly, some members here, "claim" that the half is "not" a "circulating" denomination anymore. I have a theory now, that I've had for quite some time, that the cent and the $1 bill are going to be phased out in the not too distant future, from what I have been hearing and reading, and the nickel, dime and quarter are going to be shifted aside to make way for the half, and the dollar coin, and the $2 bill is going to take the $1 bill's place in the paper money slot.
Quote: Your imagining that adding a coin acceptor for coins nobody wants to use would increase usage is just weird....
Call it weird, call it what you will. Read above...
Quote: I should add that I like the dollar coin....and would also like a $2 coin (having just returned from France where 1 and 2 Euro coins are popular)
I trust you also used the "Euro-Half" I believe that, since they have Euro-Dimes and Euro-Fifths/20-Cent-Euros instead of Euro-Quarters, that the Euro-Half is quite popular over there in the Euro Zone from what I've read before. I would like to just get rid of the cent, nickel and dime, and have everything priced to where every total purchase lands on 25-cent increments and have quarters, halves, $1, $2, and $5, for coins, and polymer $10, $20, $50, $100, $200, and $500 bills for paper money. After all, what does a cent, nickel, dime, or even a quarter buy you anymore, except a few small purchases for the quarter, and with the half, at least you could buy certain candy pieces and still get some change back, if you are lucky.
Quote: but it ain't gonna happen right now...
Maybe not "right now" but the dollar bill lobby is all but dead, and the dollar coin lobby is fired up full steam ahead, from what I've heard and read. I expect to see a huge push to eliminate the cent and $1 bill, and make the nickel out of a cheaper metal, such as steel, if the current legislation passes. And I expect that push to happen anywhere from later this year to early next year.
Quote: I use modern Dollar coins on a regular basis. * Much faster than messing with Quarters at the car wash. * Denver still has a number of parking meters that take only coins, not credit cards. * And all the self-checkouts I've seen (that take cash) accept them.
And all of those machines should be upgraded for halves if possible. Might be hard for the parking meters, but car washes and self checkouts should be a breeze. (We actually have a "$2" car wash around my area that advertised with a $2 bill numeral "2" in the same font at the 2s on the $2 bill on its company sign)
Oh, and speaking of halves and $2 bills, I talked with someone again from Walmart, asking if they could try to get their self checkouts made to dispense halves and $2 bills as needed, since the new machines already accept them, and since they do "accept" these two denominations, then in theory, dispensing them shouldn't be a problem either. So I asked the girl I talked to at the Walmart Cooperate Headquarters if the idea gained enough interest by the main bosses, "Would it be done nationwide? Or just at my two local Walmarts?" and she said "They would likely do a pilot program to see if the people in your area liked the idea, and if they did like it, and it started to take off, then they would expand it nationwide. So, when you are at your local Walmart using their self checkouts, keep an eye out for them dispensing halves and $2 bills over the next few months, and if you get any back in change, you will know the idea was approved" Now I am not going to hold my breath on this issue, being only "one person" on the issue, but one thing I do have to say, IF the idea goes through: JUST IN TIME FOR THE HOLIDAYS!
Problem is, I am a night owl, and usually do my shopping after the self checkouts close down. Well, I guess I could still ask an employee about it, if its happened.
But one more thing I would like to add is, many vending machines I see around mt area, whether its soda, toy cranes, video arcade games etc. The soda machines are in 50 cent invrements, sych as $1.50 and the game machines almost all cost 50 cents per play (save the few smaller quarter toy cranes), so a circulating half would be a very food idea in today's day and age, and some vendor said on a website, back when they were first discussing a new dollar coin in the mid 1990s, that, he "Could charge 50 cents per play, but do three plays for a dollar, if the dollar coin replaced the $1 bill and my machines were made to take dollar coins" So, big opportunity for both, the half and the dollar coin there.
I just asked my father this morning, before he left for work, if vending machines ever accepted halves and dollar coins, and he told me that they never did. (I'm sure he was not including the casino slot machines, which I know, took halves and large dollar coins) My father is exactly 60 years old, and I am 33 and will be 34 on November 29th of this year, and I too, have yet to see a vending machine other than a few self checkout machines that take halves. My dad did say that he knows that most vending machines take "those quarter-sized dollar coins" but we both already knew that. If my dad never saw any vending machines that he could remember in 60 years of life, that took halves, and until recently, with the dollar coin being reduced in size, machines being able to take those, I doubt that there were many vending machines, if any, that took halves, or Ikes. Especially, back when halves circulated.
The basic concept of coins has changed since your father was your age. In the old days (before the 1970's) coins had real purchasing power and one could go the day and make most routine purchases with coins. Ride a bus, eat lunch, get a candy bar, have a beer and more could have been done with coins, from 1 cent through a half dollar. The dollar coin was not made for decades until the Ike CAM along...
These days inflation has eaten away at the value of coins where 99% of the use is in making change. For several well-hashed reasons the half dollar is no longer used by the vast majority of real people, and the quarter rules the roost.
Face the facts man: Halves are not going to come back into vogue, neither are dollar coins. Unless there is a 2nd Great Depression or a revalue of the currency and the purchasing value of the dollar increases dramatically again (a little hint here: it ain't gonna happen...) coins are becoming less and less necessary in commerce and only are used once or twice before ending up in a change jar.
There could be a short resurgence of larger coin usage only if the government stops printing $1 and $2 bills in favor of like valued coins. A few years later the $5 could come to that as well. As usual I would suspect that Canada would do it well before the US, they seem to be 20 years ahead of us in coinage and currency matters.
Quote: I trust you also used the "Euro-Half" I believe that, since they have Euro-Dimes and Euro-Fifths/20-Cent-Euros instead of Euro-Quarters, that the Euro-Half is quite popular
I was there for 2 weeks and never received a 50 Euro cent coin in change...I was hoping for a couple to save and intentionally always used a 2 euro coin expecting a half in return but always got 10 and 20 euro cent coins instead. (a lunch beer was 1.5 euro)
Re: halves in vending machines....I am a few years older than your dad and remember the vending machines taking halves and quarters (before the small sized dollar coin existed) but, IF I am mistaken and they have NEVER taken the half during the MANY years it WAS being minted for circulation, why on earth would they start now when it is NOT being produced for circulation anymore and no one (other than coin collectors) wants to use them?
Stick to the dollar coin push and the cent elimination...they have hope and make sense
FOX, I know it's difficult to stop typing sometimes but I for one stop reading about 1/3 through long replys. It is really easy to say either yes or no to using the Half Dollar and baby Dollar coins without writing a book on the subject. I don't mean to sound offensive but just a bit of a suggestion. My feelings are no one wants to carry anything heavy any more and coins are heavy. A Credit card is much faster and lighter to carry.
I'm beginning to think you might have an unhealthy fixation on vending machines. I promise you, vending machines are not important enough to the economy that changing them would see any significant change in the circulation rate of halves, dollar coins, and two dollar bills. The only thing that would do it is eliminating the dollar bill. And maybe educating children at a young age that we have more than four coins in our currency.
Quote: I was there for 2 weeks and never received a 50 Euro cent coin in change...I was hoping for a couple to save and intentionally always used a 2 euro coin expecting a half in return but always got 10 and 20 euro cent coins instead. (a lunch beer was 1.5 euro)
Wow! I thought I always read that the 50 cent Euro coin was popular, due to the fact that they habe Euro fifths instead of Euro quarters, causing you to have to carry three coins in 50 cents (two fifths and one dime Vs. two quarters in the U.S.) instead of two coins to make up 50 cents in change.
Quote: Re: halves in vending machines....I am a few years older than your dad and remember the vending machines taking halves and quarters (before the small sized dollar coin existed) but, IF I am mistaken and they have NEVER taken the half during the MANY years it WAS being minted for circulation, why on earth would they start now when it is NOT being produced for circulation anymore and no one (other than coin collectors) wants to use them?
Okay, I don't doubt you that vending machines took halves. Perkaps way back before my time and my dad's time, they did. I did see a machine where you lay the coins flat on the slot inside the circle, and shove it forward into the machine, and when it poped back out, the coins were gone, and one side had a space for two quarters, and next to it, was a spot for one half. So, I guess you're right. Sorry I doubted you. But id the vending machines did take halves, why don't they still? I mean, if bending and self checkouts did eject halves, people would get them and use them just like any other coin.
Quote: Stick to the dollar coin push and the cent elimination...they have hope and make sense
The half and the $2 bill have hope too. If the $1 bill and the cent goes, and they may also try to get rid of the nickel, they may make a spot for halves in cash registers, just as the $2 bill would go in the $1 bill slot, then, hopefully not much longer, a $2 coin will be made.
Quote: I'm beginning to think you might have an unhealthy fixation on vending machines. I promise you, vending machines are not important enough to the economy that changing them would see any significant change in the circulation rate of halves, dollar coins, and two dollar bills. The only thing that would do it is eliminating the dollar bill. And maybe educating children at a young age that we have more than four coins in our currency.
Hold on. What does liking odd denominations of coins and currency have to do with "having an unhealthy fixation on vending machines"? Its not that I am obsessed with vending machines. Its that I am more likely obessed with $2 bills, halves and dollar coins. I just like trying them all in different machines, and seeing which machine accepts what. That, and I am tired of seeing the same old denominations in circulation, and would like to see something new already. The only thing with bending and self checkout machines, is that they can help these denominations along in being accepted by the public. Some vending machines already dispense dollar coins, which is a good start, in my opinion.
I should add while complementing the Euro nations on their 1 and 2 Euro coins I must take issue with the need to have 1,2,5,10,20,and 50 euro cent coins....(plus the appropriate 1 and 2 Euro coins)...talk about filling your register tray
The 1 cent coin is way tiny....and the 2 cent is smaller than our 1 cent
...and...now that I think of it...I did not see ANY vending machines...none...nada....plenty of neighborhood stores to buy stuff but zip on the vending machines...kinda weird now that I think of it
I am beginning to believe that the end of coin-op commerce is nigh, my friends.
My preferred car wash has new mechanisms and they take electronic payment. I will still being using coins since it only supports magstripe (not EMV); however, most people will not care and use their plastic.
Point is, as mentioned earlier, all of these solutions are too little, too late.
Quote: I should add while complementing the Euro nations on their 1 and 2 Euro coins I must take issue with the need to have 1,2,5,10,20,and 50 euro cent coins....(plus the appropriate 1 and 2 Euro coins)...talk about filling your register tray
Well, I do believe that, if we here in the U.S. are going to keep our one cent coins, we should reissue our 2 cent coin, and make the cent, 2-cent and nickel out of steel, to help cut the losses we are taking, on minting expensive cents and nickels, even though we will STILL not come out ahead, it will at least reduce the cost a litlle bit if we cut 1-cent production roughly in half with a 2-cent coin circulating along side the 1-cent coin
And, if we are going to keep the $1 and $2 bills forever, they should be redesigned to match the $5 $10, $20, $50 and $100 bills, and dollar coins should be scrapped, and our stores should have those 8-coin 5-bill setup cash register trays, and we should have 1c, 2c, 5c, 10c, 25c, and 50c and the other two slots can be used for spare rolls of coins. And the five bill slots could be $1, $2, $5, $10, $20/$50 and $100s could go under the till, unless they ever issue $200 and $500 bills, in which case, they could keep a few $100 bills available for making change for $200s and $500s. But if this country will not accept dollar coins, I say for the government to force redesigned halves, and redesigned $2 bills on the general public, as well as redesign the $1 bill, and keep redesigning the $1 and $2 bill EVERY time that the $5 and up are redesigned. And polymer $1 bills should last long enough, especially with the polymer $2 bill taking roughly half the load off the $1 bill's job. (Well, at least next currency redesign, the $2 bill is getting a redesign)