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 Replies: 11 / Views: 1,763 |
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New Member
United States
4 Posts |
Greeting folks,
I have a recollection that in the past decade, a law was passed which required all US Postal Service and US Transit agency* machines to dispense $1 coins as change. The purpose of the law was to facilitate circulation of the coins, which in my opinion worked pretty well. That is, youre much more likely to encounter dollar coins in Boston, where transit fare machines are ubiquitous, vs Vermont, where theyre not.
*If the agency received federal funding.
The question is this:
1) Am I correct that this was a law
2) Was that law replaced or repealed?
I ask because NJTransit is gloating that their new machines do NOT distribute dollar coins as change.
Thanks
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Pillar of the Community
United States
4901 Posts |
I don't think it was a law but a policy for the use of the coins... Quote:
They used to be given as change by United States Postal Service stamp vending machines, which created a relatively small but significant demand, but the USPS eliminated all those machines by 2010. They were also used in certain subway and public transit systems, like the "T" in Boston. |
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Pillar of the Community
United States
4901 Posts |
Quote:
I ask because NJTransit is gloating that their new machines do NOT distribute dollar coins as change I just read that article today. Seems the public was upset about getting dollar coins as change so they changed the machines to dispense bills... Lame....  |
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Bedrock of the Community
United States
17884 Posts |
Yes it is the law. The NJ transit is in violation of (1) (A.) (ii) see part in bold
US Code Title 18 Chapter 51 Section 5112 (p)
(p) Removal of Barriers to Circulation of $1 Coin.- - "
(1) Acceptance by agencies and instrumentalities.- - " Beginning January 1, 2006, all agencies and instrumentalities of the United States, the United States Postal Service, all nonappropriated fund instrumentalities established under title 10, United States Code, all transit systems that receive operational subsidies or any disbursement of funds from the Federal Government, such as funds from the Federal Highway Trust Fund, including the Mass Transit Account, and all entities that operate any business, including vending machines, on any premises owned by the United States or under the control of any agency or instrumentality of the United States, including the legislative and judicial branches of the Federal Government, shall take such action as may be appropriate to ensure that by the end of the 2-year period beginning on such date- - "
(A) any business operations conducted by any such agency, instrumentality, system, or entity that involve coins or currency will be fully capable of- - "
(i) accepting $1 coins in connection with such operations; and
(ii) other than vending machines that do not receive currency denominations higher than $1, dispensing $1 coins in connection with such operations; and
(B) displays signs and notices denoting such capability on the premises where coins or currency are accepted or dispensed, including on each vending machine.
Edited by Conder101
02/16/2013 12:28 pm
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Bedrock of the Community
United States
10034 Posts |
It is good the NJ Transit listens to its customers.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Bedrock of the Community
United States
17884 Posts |
But they don't listen to the law? Of course on the other hand the law only requires that they be CAPABLE of distributing the dollar coins, not that they actually do so. Of course it also requires the machines to have signs saying they are capable of accepting and dispensing them. My bet is they lack the signs as well.
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New Member
 United States
4 Posts |
If the machine dispenses $1 dollar bills, how can it be capable of dispensing dollar coin? Theres no scenario where a customer would receive a mixture of dollar coins and $1 bills.
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Pillar of the Community
708 Posts |
There was a similar Act proposed for the half dollar coin, for a "removal of barrier to circulation" called the "Founding Fathers Half Dollar Coin Act" or something similar that I wish would have passed, because I believe the bill would have made it so that vending and other machines would have to have been made to accept and dispense halves as needed, and likely would have solved the lack of circulation of the half, and the bill did have a good argument that it was time for a larger coin to take the quarter's place, and since the dollar coins proved so unpopular, and with halves not having to compete with a 50 cent bill and being a fractional coin, I'm sure that halves would curculate better and be more popular than the dollar coin, unless of course, the $1 bill were removed from circulation.
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Pillar of the Community
United States
4901 Posts |
Quote:
If the machine dispenses $1 dollar bills, how can it be capable of dispensing dollar coin? Theres no scenario where a customer would receive a mixture of dollar coins and $1 bills The machines are being converted from dollar coin to dollar bill dispensers...not both |
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New Member
United States
4 Posts |
"The machines are being converted from dollar coin to dollar bill dispensers...not both"
Thats what I'm saying, that violated the law.
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Bedrock of the Community
United States
20753 Posts |
Quote:
It is good the NJ Transit listens to its customers. With commuter services constantly loosing customers, kind of a good idea to do what customers want. There are lots of laws on the books that are rather outdated or just ignored. |
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New Member
United States
4 Posts |
Carl, I dont think any major transit system has lost passengers in the past decade. Most broke records in the past couple of years.
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Replies: 11 / Views: 1,763 |
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Posted 02/16/2013 08:34 am
