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Dollar Bill's Days May Finally Be Numbered

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CelticKnot's Avatar
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 Posted 05/10/2014  02:54 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
I know your pain. The post office was my source for baby dollars. Then, seemingly overnight, everything shifted to electronic payment. No more buying a book of stamps with a twenty and receiving a handful of dollar coins to search.

I remember that as well. plastic and e-payments are probably slowing the progress of the dollar coin.
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DoubleEagle20's Avatar
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 Posted 05/20/2014  9:22 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
I hope we keep the $2 bill. I would love to see a time...even if short...where the $2 bill circulates widely. The paper they use for ones could simply be fed into the $2 presses and that would throw a bone to Crane.
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jbuck's Avatar
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 Posted 05/21/2014  10:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply


Give TJ some love, since we need to get rid of nickels, too.
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DoubleEagle20's Avatar
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 Posted 05/21/2014  10:02 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
...or we could go to nickel plated steel like Canada for the five cents and put a nicer design on it. Maybe bring back the buffalo.
Edited by DoubleEagle20
05/21/2014 10:03 pm
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CelticKnot's Avatar
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 Posted 05/22/2014  03:27 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Ones begone. Twos live on!
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DoubleEagle20's Avatar
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 Posted 05/22/2014  9:51 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
One cent coins and dollar bills are getting annoying now with inflation, IMO. The cent is utterly useless and the ones feel like you are paying with fractional currency notes.
I am beginning to see the wisdom of a revamp where there is a dime, a smaller half dollar, a one dollar coin and eventually a two dollar coin. Under this kind of system we would round to the nearest 10 cents. Makes sense because the dollar's purchasing power is only about 1/10th of what it was in 1940.
Edited by DoubleEagle20
05/22/2014 9:54 pm
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 Posted 05/23/2014  10:01 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply

Quote:
I am beginning to see the wisdom of a revamp where there is a dime, a smaller half dollar, a one dollar coin and eventually a two dollar coin. Under this kind of system we would round to the nearest 10 cents.


As I have said, either get rid of the cent, nickel and quarter, and bring back the fifth/20 cent coin and reduce the size of the half, and add $1 and $2 coins.

OR:

Eliminate the cent, nickel and dime, and put a law into effect that all merchandise be priced by the quarter (Like $1.25 for a candy bar, $2.50 for a dozen of eggs, $19.75 for a case of beer, or $10.00 for a package of meat, and round the sales tax ONLY on the final total to the nearest quarter, as everything else would already BE priced to the nearest quarter. That way, we could have a quarter, half, $1, $2, and $5 coin.

And like I said, while we're at it, bring back the $500, and $1,000 bills and add a $200 bill, and maybe even bring back the $5,000 and $10,000 bills and add a $2,000 bill, and to heck with the drug dealers, money launderers and counterfeiters. Just put some kind of features on the $10-$10,000 bills that make them traceable by government computer systems, like a chip or bar-code or something.
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n9jig's Avatar
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 Posted 05/25/2014  07:56 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
You will never see larger bills circulate, not only to help thwart drug dealers but also due to the lack of need.

Major changes in coinage will be minimal in the near future, perhaps the cent will be eliminated eventually. Any other major changes will not occur since the end of coins and currency is nearer than you think. Stored Value Cards, debit cards and smart phone payment will be used for small purchases in place of cash before any major alterations to coins and currency will occur. The next big change to coins and currency will be the lack of need then the lack of production.
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