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 Replies: 8 / Views: 2,455 |
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Pillar of the Community
708 Posts |
I came up with what might be a good idea to get halves and $2 bills circulating (I'm not sure which topic I should have put this board in, because it involves BOTH a coin and a "currency" denomination, and I really did not want to make two topics on two different boards dealing with the same issues,  ) a little better. It will not by ANY means "fix" the problem nation wide, but I have come up with a plan. I was thinking of talking to anywhere from 4-8 major grocery, and/or possibly drug stores or any store chain willing to take the idea up, where, for every store that supplies their cashiers with $2 bills and halves in their cash drawers for the ENTIRE year of 2014, and I will donate $250 (up to $2,000 depending on how many stores would like to do the idea) per store to a charity, of my choice, and since it would be stores I normally shop at, I could make sure their cashiers are going through with the deal. Now, even though this will NOT benefit the chosen stores for the program, I just figured maybe they would like to be partially in my spotlight for donating all of that money to the charity. The only way the stores would benefit, is for being appreciated for helping me out, so that they could be partially responsible for me donating money to charity. The main reason for this idea is to try to get Kennedy halves circulating for the 50th anniversary, and even though the $2 bill has no special anniversary issue coming up, I WANT it to circulate. I will not include dollar coins in this program, because most people would probably just ask cashiers for $1 bills over dollar coins, but halves and $2 bills seem more widely accepted by the general public, and there is also the cash register issue: COINS: 1c 5c, 10c 25c and 50c (most cash register drawers only have 4-5 five slots, and we would need 6 slots for a dollar coin anyway, and I would rather see a different denomination, like the half in that fifth coin slot, even though dollar coins work in more vending and self checkout machines than halves, just to get a different denomination out there, and then, as I said, there is the issue of the more convenient $1 bill. Don't get me wrong, I WANT the $1 bill ELIMINATED! But when you talk to a vending industry, a COIN dealing industry, who has given up that battle after 30+ years of battling it, doesn't that tell you something? I think all vending machines should just be modified to accept halves as the new "workhorse" coin, and the government should redesign and print on polymer, a new $1, as well as a $2, $5, $10, $20, $50, $100, $200, $500, and $1,000 bill, and just scrap out the dollar coins we have now, and make Eisenhower-sized dollar coins again, that could be available to collectors, and/or from banks, for people to give their kids, the way my parents and their parents ocassionally did with our siblings. Like I said, I wasn't quite sure where to post this topic, but hey, maybe I'm in the right place since the issue involves the 50th anniversary of the Kennedy half as a main topic, besides the $2 bill.  Edited by Fox
12/08/2013 03:08 am
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Valued Member
United States
317 Posts |
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Pillar of the Community
 708 Posts |
Quote:Yeah, it might catch on like the Presidential dollar Program. Good luck. Well, like I said, there is no 50 cent bill to compete with the half dollar coin, and no $2 coin to compete with the $2 bill, so these two denominations would have more of a likelihood of circulating than $1 coins, seeing as we already have $1 bills, which most people prefer over $1 coins. I'm sure the American public and the vending industry would also prefer a 50 cent bill over a half dollar coin as well, due to the current half's size, but I prefer no "fractional" currency, however, vendors would probably have an easier time upgrading for 50 cent bills over 50 cent coins, unless our current half would be made smaller and lighter than two quarters, which was why I proposed the idea of a smaller, thicker, copper colored polygon shaped half dollar coin: So that vendors would not have to replace most of their coin mechs for accepting dispensing the current halves, and people would be able to distinguishing a half from any other U.S. coin denomination by looks and feel. As for the "good luck" even if you are being sarcastic, thanks, but as I mentioned above, this will not, by far, fix the half and $2 bill's circulation problem nationwide. Well, unless my "pilot" program really took off. I'm really hoping to mainly make my area a place where halves and $2 bills circulate regularly an every day thing around here, like some people's stories I have read about their small towns doing so. |
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Pillar of the Community
United States
997 Posts |
Easiest way to fix the Half Dollar's and $2 bill "circulation problem" is by just stop making them already.
No one wants them except Mr. Fox and they will not circulate. Dollar coins will if the dollar bill is eliminated, a $2 coin might (seemed to work well in Canada...) but the half dollar and $2 bill are dead issues.
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Rest in Peace
 United States
1380 Posts |
Hey now n9jig, that's a bit harsh. I am a store owner and keep halves, dollar coins and $2 bills in the register to give out in change. All dollar bills received are deposited at the bank and not given out in change. I have been doing this for about 5 years and have found that customers LOVE it. The first time they get them the reaction is usually "wow, I didn't know these were still made" and on repeat visits they comment on how they love to get them and remember us as the store with the fun change.Fox may be a bit obsessed, but it's still a valid veiw and worth pursuing.
Edited by jgfindring
12/09/2013 11:09 am
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Moderator
 United States
187702 Posts |
The half dollar may be a lost cause, but the two dollar note will probably circulate if we eliminate the one dollar note.
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Pillar of the Community
United States
2311 Posts |
@Fox, if you want to get them Circulating. Then go to your bank and buy everyone of them.
And here's the fun part, start spending them.
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Valued Member
United States
317 Posts |
Well Fox, again I got to tell ya, I disagree with you, but I love the effort.
And to be honest, I've actually thought about your previous posts on getting rid of the dollar bill and going with the dollar coins and I'm actually starting to come around to the idea.
So let me change from the 2s and halves for a second.
The dollar coins make sense, it's just Americans aren't willing to get rid of its dollar bills.
Ok here is an idea, I'll take $1 coins but under these circumstances: we're capitalists here in America so lets do something that makes money for the US where the highest bidders get a design on the US coin for a certain amount of time.
It would be something like one of these companies that buys the rights to these stadiums. They pay for the designing/manufacturing the coin and the taxpayers don't have to pay anything.
There would be exciting new designs on the coins so collectors win, and Americans would probably be more open to the idea because its something Americans actually feel a connection to and tax payers don't pay anything for it.
Of course, the committees that regulate the designs would have to approve of the designs. It would be something like the commemorative program but the government collects money on.
General Motors can have the 1st design, I'd love to see that beautiful grill of a Camaro on coinage, put a historical fact about the company on the reverse or just put the GM logo like the Girl Scouts did this year on the commerative, throw on in god we trust, year and I'd be happy to get that coin all day long and turning in my dollar bills.
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Pillar of the Community
United States
997 Posts |
I tell it like it is jgfindring... While I appreciate Fox's sincerity and obsession with getting the half dollar and 2 dollar bill in general use, his one man (boy?) show isn't going to make it happen. Your efforts are great, and I have seen a few other places do it also. Several LCS's I have been in use common wheats, halves, dateless Buffaloes, Deuces etc. in the change drawer for pretty much the same reason as you: to stimulate the use of these denominations and perhaps make collectors out of others.
The problem is that of over 300 million people in this country only a miniscule percentage of a percentage point actually care enough to actively use halves or deuces. Even a far more useful coin (dollar) these days is ignored in favor of the more convenient paper dollar. 99.44 % of Americans could care less if these exist, most don't even know they do. I have a couple bank tellers, grocery store service desk type folks and others that watch for these for me and I get far more odd ball foreign coins from them than I do halves and deuces.
I am afraid that even if you and Fox have even a small success making it happen in your areas it will be far too little and far too late. Cash will likely be a thing of the past, like 8-tracks and floppy discs sooner than you think and it will all be moot.
I would certainly love to see more interesting coins and bills out there but it just isn't practical. Large bills have been replaced by checks, plastic and electronic money and small coins and bills are being chased out of use by inflation. Coins are almost exclusively used to make change these days, it takes too many of them for any real purchase.
The only way to make coinage useful again is to revalue the dollar or make higher value coins. We all know that will never happen but it is the only way to give coins purchasing power again. Maybe move the decimal point over a place or two.
Consider that the dollar is worth about 10% of what it was 50 years ago when the half disappeared and silver was removed from smaller coins. Back then a dollar (probably represented by a pair of half dollars...) would get you several gallons of gas and you still could by a candy bar and a Coke with the change. These days it gets you a quart of gasoline if you are lucky.
Want large coins useful? Revalue the dollar or make large denomination coins of silver and eliminate bills other than the $100. Replace dimes, quarters and halves with similar-sized silver coins valued at $10, $25 and $50. Replace small coins with copper colored 5, 20 and 50 cent coins and small $1 and $5 bi-metallic coins. Would this work? Sure! Will it happen? Nope...
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Posted 12/09/2013 05:20 am
