| Author |
 Replies: 23 / Views: 2,372 |
|
|
|
Bedrock of the Community
United States
12437 Posts |
The avg $1 bill has a lifespan of 18 months vs. 30 years for a $1 coin. Life expectancy goes up with the size of the bill.
Edited by biokemist6
01/22/2007 5:54 pm
|
|
Bedrock of the Community
United States
20753 Posts |
It's obvious many here have not been reading other forums where people discuss how difficult it is to actually spend a half dollar or a $2 bill and they are actually real. I've had to many people try to refuse a half dollar as a kids coin or something. And $2 bills no one believes are real. There is an insurance add on TV lately noting how people take their change and put it in cans, jars, etc because they don't like to carry all that weight. And now someone suggests another coin that will not be liked, used and burn holes in my pocket. I never carry change as it is now. Why would I want one more that will not be taken. Look inside a modern cash register. No place for half dollars, $2 bills, etc. Not a good idea.
|
|
Valued Member
 United States
455 Posts |
Quote tnwalker10 : "Just imagine if the smallest coin was $1 and it was the size of a Roosevelt dime. That would be way to simple and probably cost jobs at the mint." I don't think the smallest coin should be $1 because merchants still have to make change, but adding a $1 and $5 coin approximately the size of a dime and a nickel might work nicely. All we're really doing is keeping our coinage needs up to speed with inflation. I'm liking this a lot. It may be time to notify congress. Of course this only works if we discontinue the $1 and $5 notes. |
|
Pillar of the Community
United States
751 Posts |
quote:
According to statistics a handfull of metal coins 200 years ago had an enormous amount purchasing power.
You have to remember that much more recently than that, a handful of coins had intrinsic value--that is what made them money. They were agreed-upon medium of exchange. The alternative was much more cumbersome--hauling around chickens and bags of grain for trade. Paper was just a promissory note. There is now sufficient trust in the system that money can be metal, paper, plastic, or digital. We don't need a five-dollar coin or a one-dollar coin or a one-dollar bill, for that matter. We use what we're accustomed to. One day, we'll wonder how we ever did without the next thing that we haven't heard of yet. Also, if they start issuing a 5 dollar coin, it would raise our mint and proof set prices out of this world. |
|
Pillar of the Community
Germany
1238 Posts |
quote:
No, the smallest is 5 Euros, followed by 10, 20, 50, 100, 200, and 500 Euro notes.
Right, there are no €1 or €2 notes, although some people notably in Austria and Italy initially wanted such low value paper money. And the €200 and €500 notes ... well, I hardly ever see one, and many stores do not accept them. The €1 coin has a diameter of 23.25 mm (US quarter: 24.26 mm), the €2 is 25.75 mm (US dollar: 26.50 mm). Our 50 ct piece has almost exactly the same size as a quarter. Admittedly, when it comes to changing coins, Germans are about as conservative as Americans.  We even had a 1 pfennig coin (and billions of them!) until the end of the DM cash ... Christian |
|
Valued Member
United States
455 Posts |
quote texasmick: "...Also, if they start issuing a 5 dollar coin, it would raise our mint and proof set prices out of this world." I used to buy proof sets back in the 80s. They included only 5 coins and if I remember correctly, they cost $11. Now the new 2007 proof sets have 10 coins and cost $22.95 (or $37.95 for the silver). So essentially over 20 years there's really no cost increase, the number of coins and the price has doubled. Factor in inflation, they actually cost less now then they did then. Now, if congress votes favorably on my idea..  ..and starts minting the $5 coin, of course set prices will rise, but I say we'll still be ahead of the game! |
|
New Member
31 Posts |
5dollar coin is a good idea. but I think in a few years we may need a 12 and 25 dollar coin...inflation is real!!
|
|
Valued Member
Canada
61 Posts |
Quote: I took a couple day trips to Canada when I was living in Vermont in the late 90s. It seems that the $1 and $2 coins were very popular there. Does anyone know if they still make $1 or $2 bills there?
They don't make them any more. They're mostly collector's items now but I think they are still legal tender and can be used.
Edited by bboudrot
01/24/2007 11:26 pm
|
| |
Replies: 23 / Views: 2,372 |
First Page
Posted 01/22/2007 6:23 pm
