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How Soon Would Halves And Dollar Coins Dwindle If Dca And I.

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Bedrock of the Community
United States
20753 Posts
 Posted 09/27/2013  5:18 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
When they started the dollar coins you could order boxes with free shipping to try and get them circulating. People figured out ordering the boxes with a credit card that gets cash back was a way for them to make money and would just keep ordering and ordering dumping them at the bank to get the free money.

WOW, now why didn't I think of that one. With a BOA credit card I would get 1% back on all purchases. Unfortuately they now charge for postage and shipping. I missed out on that one.
Pillar of the Community
cladking's Avatar
United States
2271 Posts
 Posted 09/27/2013  8:05 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply

Quote:
You know there's over a billion in storage right?


If I did the math right there are over 5 billion dollar bills in circulation. The government makes another 17,000,000 every day or to lok at it anpother way they are wasting about a million dollars a day printing a note that drags down the economy by interfering with commerce.

They could easily afford to give everyone at Crane Paper a million dollars to stay home and we'd all be better off.

If the change-over were done properly it wouldn't be all that disruptive. The two dollar bill would ease the transition in several ways. A zinc nickel would be a huge mistake though. It would result in several deaths a year and would not save any money. The nickel should be aluminum or plastic and then have its size reduced after a couple years and everyone is used to the new system.
Time don't fly, it bounds and leaps.
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