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Replies: 38 / Views: 10,299 |
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Pillar of the Community
United States
656 Posts |
Quote: I am beginning to believe that the end of coin-op commerce is nigh, my friends.  . My company replaced all of our vending machines with a small mini mart concept that takes credit cards only. No more change needed and the vending company sells more products.
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Pillar of the Community
United States
997 Posts |
Keep it simple, my young padawan Fox; drop the cent and the half dollar coins and drop the $1, $2 and $50 bills. Live life with the 5, 10, 25 cent and $1 coins as well as the $5, $10, $20 and $100 bills. 4 coins, 4 bills, life is simple and everyone can deal with it. Make a deal with the RCM and use their patented plated steel technology for the 4 coins and make the bills of polymer for their last decade on earth. While I would replace the quarter with a $20 cent coin so that elimination of the nickel down the road would work, coins will not be around long enough to make this worthwhile. Less coins and bills make vending machine people happy too, since you are so interested in them. All they would need to do is inactivate the magnets to pass the steel coins. So what if Canadian coins go thru, the value difference is negligible enough not to make a difference. A few years from now drop the $5 bill and replace it with a $5 coin. This may be a moot point if cash goes out of style quicker than it already is however.
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Pillar of the Community
United States
589 Posts |
Quote: After all, what does a cent, nickel, dime, or even a quarter buy you anymore It might not be a "what does it buy" thing, but more of a "what is it worth" thing...but BOTTLE DEPOSITS. The greatest thing ever. If we need to eliminate denominations, then the cent and dollar note are acceptable, even if I'd hate to loose either. But I would give them up in a heartbeat to save the nickel and dime (unless those nickel deposit states would increase to a dime like good old Michigan). Honestly...if the dime stood a chance of elimination, I'd sell everything I own, first getting the largest loan possible from a bank, and spend every dime of that on an effort to save the dime (unless deposits were raised to a quarter, which I highly doubt would happen). The nickel and dime do serve a purpose. And there are people whose only source of income is the deposit; as well there are people who supplement their income with the deposit. I just really, really loves me the deposit.
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Pillar of the Community
 708 Posts |
Quote: Keep it simple, my young padawan Fox; Okay Mr. Starwars Fan, you just shut it. Quote: drop the cent and the half dollar coins and drop the $1, $2 and $50 bills. I would rather reissue the half-cent, 2-cent 3-cent and 20-cent coins and issue a quarter-cent coin, and a 1-mil coin (so that you can pay exact cash at the gas pump), a 75-cent coin, the ressurection of the plans for a $3 bill, a $70 bill, a $200, $700, $2,000 bill and $7,000 bill, the reissue of the $500, $1,000, $5,000 and $10,000 bills. If anything, I would want MORE denominations, NOT less. Quote: Less coins and bills make vending machine people happy too, since you are so interested in them. Again, keep your stupid remarks to your darn self. I am NOT interested in "vending machines" I am interested in $2 bills, half dollar coins, and to an extent, dollar coins. Just because I try these denominations IN vending machines, does NOT mean that I am "interested" or "obsessed" or whatever other things your sick little mind can come up with, about me and vending machines.
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Pillar of the Community
United States
997 Posts |
Chill out man, have a little fun with life...  I appreciate that you like different and more types of currency and coins but the practicality for them just isn't there. There is no need for them, people don't want them. There are good reasons why the various defunct denominations, NIFC types and all your fantasy denominations are just that. If people needed half dollars, $2 bills, and the rest they would be made. As it is the general public doesn't want or need them. BTW, I would like to see the plans for these...: Quote: the ressurection of the plans for a $3 bill, a $70 bill, a $200, $700, $2,000 bill and $7,000 bill
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Pillar of the Community
United States
1745 Posts |
Quote: My company replaced all of our vending machines with a small mini mart concept that takes credit cards only. No more change needed and the vending company sells more products. Same here. I used to get tons of shiny new dollar coins at work. Now all I get to do is pick out my item and scan my thumb to pay. I refuse to collect thumbs (too gross and icky) 
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Valued Member
United States
461 Posts |
Oh dear gravy your that customer aren't you. Clearly you have never worked retail that employee was just humoring you to get you to leave so they could go back to their job. They are not going to speak to anyone about it even if them speaking to someone would have even the slightest effect which it will not. Kroger is a corporation they are not going to do anything without it adding some benefit to them. This would either entail the machines that dispense half dollars being cheaper machines or that by adding them they increase traffic to said stores because they have them. Neither is going to happen its likely more expensive to get a machine that carries halves and no one except us collectors carry about halves circulating its a dead circulating coin and has been for 50 years now. Having a machine that dispenses halves has no added value but costs more its never going to happen.
When I worked grocery in college I worked graveyards at 4am every single day I would have several old people come in and buy cigarettes and every single day I would get a tale or lecture about what cigarettes cost in 1962 or 1971 or 1958. I would nod by head and agree with them hoping they would go away so I could get back to my job. And oh dear lord when the cost of cigs went up I couldn't get rid of them for an hour. The cost didn't go up because the store was making more money it went up because taxes went up or the cost from the manufacturer went up. As a store we made a nickel or less on every pack we sold and honestly only carried them as a convenience to the customers I always got the feeling the store would have loved to do away with them completely (I think some of the drugstores are doing that not because they are unhealthy but because they really aren't that profitable to a store and are quite the hassle to carry them). That customer could talk my ear off for an hour it was never going to make a difference to the cost of the cigs they were buying never. Same goes for you harassing that kroger employee they have zero ability to make the change and even if they knew someone who they could talk to who would have that power its never going to happen. They just nodded and agreed with you hoping you would go away as they don't care about halvee just like I didn't care what a pack of winstons cost in 1965.
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Pillar of the Community
 708 Posts |
Quote: BTW, I would like to see the plans for these...: Sorry, I guess I should have made it clear that there were plans ONLY for a "$3 bill" that somehow got dropped. The $200, $2,000, $70, $700 and $7,000 bills were "my" ideas. There was mention, somewhere about $3 bills on the BEP website before, but I haven't looked at it in years.
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Pillar of the Community
United States
4901 Posts |
Quote: The $200, $2,000, $70, $700 and $7,000 bills were "my" ideas. That was kinda assumed.... 
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Pillar of the Community
United States
997 Posts |
I think the reference on the BEP website was that there never was a US issued $3 bill, the only ones ever issued were by private institutions and were without legal tender status.
Getting back to reality here for a minute, I appreciate your enthusiasm for various denominations but the practicality of commerce demands less rather than more types of coins and bills as they decline in relevance to today's society. There is no need for smaller coins, the cent will be gone soon, the nickel may not be far behind. You might see a brief resurgence of the half and dollar coins and maybe even a $2 coin once they stop making the smaller bills, but that wouldn't last long.
In my lifetime I expect to see a cashless society or at lease a coin-less society. Inflation, while fairly controlled these days, still takes its toll and soon enough coins will be irrelevant. Today they exist primarily to make change for purchases with bills.
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Valued Member
United States
461 Posts |
n9jig I think we are as cashless as we are going to get at least in my lifetime we may tip a little more to cashless but I don't see us tipping much more over, I just don't see it going anymore cashless because those holding onto cash are going to remain doing so. This may be the young with no bank accounts, those with bad credit, those who don't like the idea of everything being electronic, those without bank accounts or credit cards or illegal aliens (I live in the southwest and the number of Mexican illegal and legal immigrants who don't use banks is very high as is check cashing places for them my city probably has 30-50 of them for a city that doesn't have a 100,000 population), or the elderly that remember a time when most things were done with cash and they still cling to that.
That being said I already think we are a fairly cashless society. I never carry cash personally, you'd be lucky to find me with a dollar on me. And a lot of that has happened in the last 10 years. So trying to reintroduce bygone denominations and coins in society that doesn't want them or really need them isn't going to work. We may see a resurgence of the half if they do away with the cent and the dollar bill (the dollar bill mostly) but getting congress to do something they should have done 15 years ago is a task in it self.
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Pillar of the Community
United States
1373 Posts |
For the life of me I just can't understand the need for a coin machine that uses either 50-cent or dollar coins. If people actually HAD those types of coins it might be another story, but in reality nobody has them. I haven't had either this past year and don't think I'll get any soon. I no longer work so all I get now is money from the government. This is just sent by computer to my bank account. When I need to use any of the cash, I either use my computer to transfer the money or use a plastic card to pay for things. No coins (or paper money) used at all. Last year, when I still had a job, I used to go to the bank every week with my paycheck. I normally put most of it in my account but also asked for $20 or so for 'fun money' to use if I ever bought something somewhere that didn't accept credit cards for payment. Each time I asked the bank to give me either half dollars or dollar coins. (You'd have to request this as you would NEVER get them automatically) Most times they didn't have ANY in the bank; once in awhile I got a few. It makes you wonder: how many people asked for the 'special' coins? One out of a hundred? One out of a thousand? Vendors in this area (Detroit) wouldn't need a vending machine for halves or dollar coins. They MIGHT rather have one that accepted Canadian coins; which would be way more useful. Even one that took Euro's might be more useful than one for US halves and dollars. It's not that we hate the attempt (I actually like the attempt to use $100,000.00 in uncommon Kennedy halves and various dollar coins), it's just that the attempt to find 'wacky' ways to try to get the government to circulate those type of coins have NO BENEFITS.
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Pillar of the Community
United States
2168 Posts |
Halves use to be in circulation and used prior to 1964. In 1964 between the Kennedy half being issued for the first time and the last yr. of 90%, many held on to them. The next few years, halves had 40% silver and again held. So, I feel for the most part many just got use to not using and thus, where we are today. I do search halves at times and do put them back in circulation little by little. Some are really happy to see them. Some don't really know what they are until really looking at the coin.
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Valued Member
United States
179 Posts |
How about we pay our foreign debts with boatloads of coins? Worked quite well in buying munitions during the civil war. When we give $20 million in foreign aid to Bolivia etc let us send them boatloads of coins.
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Valued Member
United States
179 Posts |
Honestly ......back in the 60s and earlier a dollar, or a half dollar, was a stand alone purchasing unit. Dad would roll up to the gas pump and say "a dollars worth" and got three to four gallons of gas. A hamburger was 15 cents. Pack of cigarettes 35 cents. So here we see a few half dollars would get you through the day. Today, it is an insult to actually call a dollar a dollar. It's place today as a stand alone buying unit is the 20 dollar bill. You spend your 20 and are given back small change. Mostly the change goes unused as it has insignificant buying power and takes time to use.
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Replies: 38 / Views: 10,299 |