Are $2 Coins Viable In Usa?

The $1 and $2 coins work perfectly in New Zealand , Canada and Australia and if the US could pull its head out of the sand they would work just as well there.

Some people like the idea and some don't.

The US has never,for some odd reason, liked using 2.00 bills. The weight issue is why dollar coins have not been accepted in the US.

Some people on CCF propose everyone keep track of how many of which coin is in their pockets at all times so they can figure out ways of minimizing the weight. Others just say to keep paper b/c of its convenience.

Just do a search and you will find all of this.

As to whether or not it makes sense... again, that is a very debated topic.

No doubt my arch nemesis on this topic - but a great guy and friend, jbuck, will soon pipe in with all the alleged merits of coins over bills. That's OK, the smartest people in the world cannot be right about everything

Seriously - do a search for dollar coins on CCF and you will find a lot of discussion in the past on going with dollar (and higher denomination) coins.

I agree with trout1105 100 %.

I was around when the forced change was made in Canada. A lot of the people posting in these threads likely have not had personal experience.

In numerous threads on CCF concerning this topic I have one by one researched and shown the claims of using metal were not as great as the program stated as the study was not holistic in view.

In the end it turns out the loss to each US taxpayer for not using the ones already made was like .06 cents ( would have to go back and check the figures in the posts - its there).

Alternate, viable solutions such as polymer notes would make no need for the very valid - as proven on former threads - weight issues resulting from replacing bills with the comparatively much heavier chunks of metal. Andthe polymer route has been proven in other countries to actually save money.

In the end the arguments for the metal have little but personal preference for people to stand on.

Would metalreplacing bills work un the US? That is not the issue b/c using chicken bones wouldwork if we were allowed no other option.

I, for one,am glad I live in a country where the explicit preferences and will of the citizens are not ignored.

And about here is where the mods normally tell me I am getting too political b/c no one will still answer why they would prefer the American government ignore its heritage, force the will of the few onto the will of the American majority, ignore there is no proven major benefit to using metal,and also ignore a proven viable alternative that allows the majortiy their freedom of choice.

Hack away

Americans are a conservative bunch.
They still use nearly useless One Cent coins.
They don't use their Two Dollar notes.

I don't see a Two Dollar coin being successful,
when their One Dollar coin is not successful.

More to collect!

Why make the change?

Check your wallet - if you are like most people, you have a few $1s, maybe a $5 and a $10 and $20s.

If we didn't have $1s you would find a couple $5s, a $10 and $20s.

In your pocket you will find a few cents, and a few others. But when making a purchase, do you hunt for the change (other than the cents to avoid getting more)?

Most people basically hate having heavy pockets, so change gets dumped out each night into a jar. When the jar is full, it gets dumped into the coinstar and turned into real money. Or rolled and deposited into the bank.

So all a coin does is change the cutoff point between what we carry and what we accumulate!

Ludicrously high? A $2 coin would have a little less purchasing power than a quarter did when I was a kid. Was a quarter a ludicrously high denomination?



If the argument is strickly between paper and coins, coins are the better option. But if you throw polymer notes into the equation then polymer would be definitely be the better option. Paper gives you light weight but short lifespan and high expense from having to replace worn out notes. Coins give you a higher up front cost but a very long lifespan resulting in savings over the long haul, but heavy weight. Polymer gives you the best of both worlds. Low up front cost, long lifespan that gives you the savings over the long haul, and they are light weight.



And all it would take to get the acceptance of the dollar coin would be the elimination of the dollar note. This has been proven in countries all over the world.