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 Replies: 24 / Views: 3,717 |
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Valued Member
United States
449 Posts |
i have been hearing more and more talk of replacing the dollar bill with thed dollar coin. and yahoo recently said that congress is looking into it also. thoughts?  |
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Pillar of the Community
United States
3453 Posts |
I'll believe it when I see it.
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Pillar of the Community
United States
3546 Posts |
Coins are too heavy compared to current currency.
IMHO the general public will never accept the idea of replacing the current dollar bill that has been in place with its current dimensions since 1929.
mdpmedia
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Pillar of the Community
United States
4897 Posts |
I wish! Quote:
IMHO the general public will never accept the idea of replacing the current dollar bill that has been in place with its current dimensions since 1929.
You're assuming they would have a choice... Just do it already! |
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Pillar of the Community
United States
3453 Posts |
Quote:
Just do it already!  but the cynic in me believes that there are too many special interests involved. |
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Valued Member
 United States
449 Posts |
its just because everyone is so used to it.... I think I was reading that we are the only ones left with the dollar bank note, is that correct?
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Pillar of the Community
United States
1227 Posts |
crazyforATB, I believe this is correct, yes. Mexican coins go all the way up to ten pesos (in our current exchange rate, that's about 77 cents; when the peso was adjusted in the early 90s, it was about $1.21), and the Japanese system (which is so devalued it has only whole yen, a single yen being worth roughly a single US penny-plus-tenths-of) goes all the way up to a 500-yen coin (that's worth about $6 American and is the largest-value regularly-circulated coin in the modern world).
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Valued Member
United States
106 Posts |
I say go for it, since I metal detect for a hobby I would love to find more dollar coins.
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Moderator
 Australia
16826 Posts |
Quote:
and yahoo recently said that congress is looking into it also. thoughts? Congress has been "looking into" replacing the $1 note with a $1 coin since at least the 1970s. But until certain congressmen no longer have the Crane Paper Company in their jurisdictions, and / or no longer believe that eliminating $1 notes = less paper sold by Crane = less jobs at Crane = they get voted out at the next election, Congress will take no action on such logical, sensible reforms to the American monetary system. 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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Pillar of the Community
United States
3453 Posts |
too may special interests. |
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Pillar of the Community
United States
919 Posts |
With the billions that could be saved over time I don't see how this isn't part of the discussions to balance the budget. I take that back. Since it is a logical way to save money I see why they won't discuss it.
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Pillar of the Community
United States
1397 Posts |
There is a side of this discussion that people don't even realize is involved in this decision. Coins are produced by the government, but currency is produced by a private bank known as the Federal Reserve. The United States government could print it's own money but doesn't. Since it doesn't the power to call the shots rests in the hands of a few powerful people who do not even have to answer to elected officials. The more money they print the more rich and powerful they get.
To replace currency with coin would cost this corrupt private bank a lot of money since the government has to borrow with interest every dollar they print. Congress doesn't go against the wishes of these powerful elites. That is why we have all of this outrageous spending and debt when it is not even necessary.
It of course makes financial sense to produce coin instead of paper, but the decision isn't about saving money. If it was the government would just print its own dollars and not have the national debt. No, this decision is about power and profit like all decisions made in this country.
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Pillar of the Community
United States
5850 Posts |
It's bad enough I already have a change bowl jar bucket on my dresser filled with pennies, nickels dimes and quarters. The last thing I need are even more coins that are too heavy to carry around on a daily basis and would end up on my dresser until I get around to bringing them to a Coinstar machine.
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Moderator
United States
188213 Posts |
This thread already has too many comments to lock, but here is another discussion... https://goccf.com/t/134979Quote:
The last thing I need are even more coins that are too heavy to carry around on a daily basis... If you have more than four dollar coins (or notes) at any given time, you are doing it wrong. |
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Valued Member
United States
449 Posts |
well either way... I just went out and bought a stack of uncirculated ones! just in case.. nothing smells better than new bills also.
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Pillar of the Community
United States
1285 Posts |
One trend I see is more and more folks using debit and credit cards due to all the cash back incentives. This in turn reduces the amount of cash / paper money / coins being used.
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Replies: 24 / Views: 3,717 |
Posted 12/03/2012 11:02 pm
