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 Replies: 41 / Views: 3,724 |
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Pillar of the Community
708 Posts |
Okay, I know we talked about this, and jbuck said that, as far as he knows, all/most newer vending machines can accept the current size Kennedy half, but since many people think coins are too heavy, and the half is too big and bulky, I was wondering if it would be more or less trouble for vendors to adjust for a smaller half, vs. retooling for the current large half. Lets look at the pros and cons of the large and small size. Large half: Though vending machines may be made to recognize the size, weight and composition of the current half, there would need to be a few new parts added and measures to the machine, if the large halves would not fit, such as, a larger coin slot, a half tube, and a switch flipped. Smaller half: The vendors would not have to replace any of their coin slots, but if the current vending machines already know to recognize the current large half, wouldn't it be harder to reprogram these machines to recognize the size, shape and weight of a new smaller half? I'm just pondering something here. Which way would be the best way to go if I consider lobbying this further? Because, as of now, I was planning on proposing a smaller, copper colored, nonagon half, but that may change if I am told that it would be easier to get the current, large size half into circulation. Making a different sized half may be the wrong way to go, seeing as Walmart self checkouts are already equipt to accept the current, large size half, am I right? |
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Pillar of the Community
United States
8515 Posts |
Using change in a vending machine will become rare with debit/credit cards being accepted in most machines. Just the way it is. I used to save all my change and put it in a big jar but that's a thing of the past too. With my debit card being used for just about everything I very rarely even get change.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
13014 Posts |
Some people do say size is an issue but it really hasn't nothing to do with that. The small Presidential dollars still failed. Its just a lack of need. The more changes you make the more people will hoard them at first thinking they're special and going to be worth a lot then when they find out they aren't they'll be done with them. Credit/debit is getting used more and more especially by younger generations, same with paypal. Maybe that will change some with all the government scandals but as of now were probably working to less forms of cash not more. |
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Pillar of the Community
United States
2311 Posts |
I still like to use cash for buying things.
How are you going to buy coins from a flea market if you only have a debit card/credit card?
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Pillar of the Community
United States
1796 Posts |
What we really need in order to make our coins of useful size anymore is to add a 0 to the end of each denomination, which would mean:
Penny -> Dime
Nickel -> 50ยข Piece
Dime -> $1 coin
Quarter -> $2 coin (or circulating "quarter eagle")
Half -> $5 coin
Silver Dollar-size -> $10 coin
These were their relative values ~60 years ago. :-)
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Pillar of the Community
United States
8515 Posts |
I went to my first flea market last weekend. I got cash at the ATM before going but I think most vendors have that thing you hook to your phone to slide a card through. I didn't see many coins and the ones I did find were way overpriced.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
2077 Posts |
Good to see flea market vendors changing with the times. I was just at a coin show and didn't see a singe square device.
About half dollars- way back when you could put some change in your pocket and that would cover your daily expenses, they were useful for commerce. Nowadays, change is something you get back when you spend bills. Even though they weigh the same, I'd rather get two quarters than a half.
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Pillar of the Community
 708 Posts |
SteveCaruso,
We also need to add a zero to all of the bill denominaions we have, which would mean:
$1 bill -> $10 bill
$2 bill -> $20 bill
$5 bill -> $50 bill
$10 bill -> $100 bill
$20 bill -> $200 bill
$50 bill -> $500 bill
$100 bill -> $1,000 bill
(I don't care how much people love their "plasic" I will never stop loving my "paper", and will continue to fight on for at least $200 and $500 bills if not also $1,000 bills. Like I said, lets face it, $1,000 is and is NOT a large amount of money. $1,000 is large for that average American to go shopping at the conveinience store, but that $1,000 is not much if you want to buy a car, rv, boat or other expensive items from a private seller who wants COLD HARD CASH).
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Pillar of the Community
United States
1796 Posts |
Agreed, our bills seriously need upgrading, too. We should seriously just stop printing anything below $10 on paper. It's a waste and a hassle.
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Pillar of the Community
United States
997 Posts |
The only way cash, be it metal or folding, will be of consequence again is by revaluing the dollar by a factor of 10, as I have proposed several times here.
That said, I doubt that would happen, electronic money is already king of the hill, it is just a matter of time that we become a cashless society.
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Pillar of the Community
Canada
2805 Posts |
Our half was downsized in 1968, but this was its downfall when the loonie was introduced... they were very close to the same size. Then, the toonie was introduced in 1996, and apparently there were no spots left in the average cash drawer - so the half had to go.
At least, this is how the ancedotes have it, I wasn't even born then... but the half was only resized because big nickel coins are hard to strike. If we had switched to clad from silver, we'd probably have big halves too, and I could actually find silver halves in rolls :D
Anyway, I'm doing my part by spending halves and forcing the cashiers to awkwardly make room in the till for them. I like to think they get given back as change, then hoarded forever. People love Canadian halves - I was chatting it up with a teller, and asked about halves (rolled halves will always be nickel, but loose ones could be silver!). He said that if anyone deposits some, they'll be withdrawn almost immediately (sometimes by the next person in line!!) under a belief that they're rare or valuable. Unfortunately, this is now a self-fulfilling condition: "They're rare because I never see them (because people hoard them)! I'm going to hoard them."
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Pillar of the Community
708 Posts |
A cashless socity will NEVER happen. At least, not in our lifetime. As I said, I have always heard that cash has at LEAST TWO more generations, and how in the world is a person going to pay a private person at a house for a car, boat, rv, appliance, garage sale items, etc? I will NEVER agree to get some sort of "chip" put in my hand or ANY part of my body to scan, just because the government wants to go "cashless" and I'm sure many other people would be fighting the same battle.
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Pillar of the Community
708 Posts |
SteveCaruso,
Another thing we need to do, is "pretend" we still have a 2 cent coin in citculation for your system, and make that:
2c -> 20 cent coin
A dime and a half dollar is too far of a gap, and as small and light as dimes would be, I would not want to be stuck with up to four dimes at a time. Too easy to lose. However, a dime and a 20 cent coin, or two 20 cent coins would be nice.
(Oh and, nix the "Quarter Eagle" idea and stay with the $2 coin. I would hate a $2.50 coin, or a $25 bill or $250 bill. Too odd. No offense, just a suggestion. Most young teen cashiers would get too confused these days with odd denominations like those anyway.) (-;
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Pillar of the Community
United States
1302 Posts |
change is subsidiary to paper, which is why only small denominations that are of reasonable size circulate. the half dollar is one of those weird denominates that just really isn't needed. it's never been a big circulator to begin with. my Two Cents, and I say this having talked with former mint directors about it is that we should have the following: 5c coin 10c coin 25c coin 1$ coin 2$ coin 5$ bill |
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Bedrock of the Community
13014 Posts |
Quote:
how in the world is a person going to pay a private person at a house for a car, boat, rv, appliance, garage sale items, etc? With a check or by withdrawing large amounts from the bank that will be reported to the IRS exactly the way the government wants it |
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Pillar of the Community
Canada
3692 Posts |
@Steve: Supposing coins were to be multiplied by a factor of ten, as you propose, think about the mass confusion it would cause when 50 cent pieces started getting reintroduced into the mainstream. Merchants will think you're trying to cheat them. It's bad enough with 50+ different looking quarters (add in the national parks ATB Quarters). All it would take is education, but that's easier said than done. Think about dollar coins and $2 bills as well. |
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Replies: 41 / Views: 3,724 |
Posted 06/22/2013 3:10 pm
