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 Replies: 40 / Views: 4,718 |
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Pillar of the Community
708 Posts |
Hey, I have been talking with the Dollar Coin Alliance lobbyist recently, on different issues, including a redesigned $2 note, and he just told me, basically "Dollar coins first, then let's talk $2 bills. Should be a coin, like Canada's toonie" So, what is your stand on the $2 denomination, if the $1 bill gets the ax? Do year want a coin? Or a redesigned paper note? (I prefer the U.S. toonie, myself.  with the DCA lobbyist) (I was told that, if all goes well, things should be resolved in the fall. Dollar coin supporters of this board, unite, and cross your fingers!  Until then...  ) (Some of you will be saying I am  "but" this is more of an "update" So at LEAST by now, we know when the $1 note may be history, and then, maybe the $2 note for a bimetallic $2 coin like Canada's toonie) Edited by Fox
01/12/2015 09:19 am
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Valued Member
United States
172 Posts |
Currently, the House, Senate, and President cannot agree on what day it is or a consensus spelling for the word "the." I simply cannot see the first session of a new Congress making the biggest change in coinage/currency in 50 years. |
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Pillar of the Community
 708 Posts |
Wrong. The biggest, most recent change in our coinage/currency was the redesigned $100 bill, released in late 2013 (October 8th to be exact) with the new "Motion" security feature. New technology + new feature = newest change in our coinage/currency.  Edited by Fox
01/12/2015 10:36 am
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Pillar of the Community
United States
1391 Posts |
 I think the half dollar would get more usage in circulation if it was a bill and not a coin. |
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Pillar of the Community
United States
7614 Posts |
As long as there are lobbyists representing the security printing paper industries, and Congresspersons accepting "donations" from them, the paper dollar ain't going to be abolished anytime soon.
Same thing goes for the cent. The Zinc industry is just fine with the cent "as is" and any efforts to change the composition of the cent, or eliminating it altogether, will face stiff opposition from Congressmen representing those corporate constituents that have "a dog in the fight".
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Pillar of the Community
United States
1158 Posts |
I don't see how a $2 denomination would make my life any easier. I carry two $2 instead of four $1? Why bother? Once I hit $6, it's easier to carry $5 and a $1 instead of three $2.
Edited by tkbslc
01/12/2015 11:45 am
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Pillar of the Community
United States
1796 Posts |
Given the value our currency caries, the current march of inflation, and how much coins were historically worth as little as 60 years ago (about 10x what it is today), we honestly shouldn't have bills start until $10.
It's not popular, but it's more responsible and much less wasteful. Medicine we need to take as a country.
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Moderator
 United States
187837 Posts |
One dollar coin, two dollar coin, five dollar coin. I love that idea. One dollar coin, two dollar coin, five dollar note. I like that idea. One dollar coin, two dollar note, five dollar note. I would be happy. Of course, what we have now is more likely to stay.  |
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Pillar of the Community
United States
651 Posts |
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One dollar coin, two dollar coin, five dollar coin. I love that idea. Same Here! Plus it would make metal detecting even more fun. |
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Pillar of the Community
United States
651 Posts |
Why not create a circulating $50 coin that contains 1/2 ounce of silver. Unfortunately that has as much chance of coming into play as the other denominations we are discussing.
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Pillar of the Community
United States
1796 Posts |
I don't want *any* precious metals in circulating coins until the prices stabilize.
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Pillar of the Community
United States
997 Posts |
While I like the idea of a $2 coin, I do not foresee any real changes in denominations of either bills or coins anytime soon, except for the gradual elimination of small value coins as they slide ever further into irrelevance. The next change will likely be the elimination of the cent (perhaps it will revert to a collectors-only coin like the half and dollar coins are now...).
There is too much discord in Washington for any real progress on important issues to happen, much less fairly unimportant ones like this.
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Pillar of the Community
United States
655 Posts |
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One dollar coin, two dollar note, five dollar note. I would be happy. I vote for this option. I love $2 notes, I'd hate to see them go. |
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Pillar of the Community
United States
1208 Posts |
Oh great... a lobbyist for yet another coin the public will never use.
Leave the 1 and 2 dollar bills alone. Make lobbyists get real jobs.
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Valued Member
United States
172 Posts |
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Pillar of the Community
United States
1796 Posts |
@ratio411 - We *need* to use them, honestly. It's the only responsible thing to do.
It costs us $2+ to keep a $1 bill in circulation the same time a $1 coin will stay in circulation. And it only costs us 20ยข to make and circulate a $1 coin.
At the end of their life, the bills are pulped and thrown in landfills. The coins are recyclable.
This is a no-brainer.
As such, I'd like to see our politicians step up to the plate and leave the lobbyists out of it. :-)
The only thing I don't like about $1 coins is that they're still too big. They need to be dime-sized as that's how much a dime was worth about 60 years ago and no one complained then.
Edited by SteveCaruso
01/12/2015 10:23 pm
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Replies: 40 / Views: 4,718 |
Posted 01/12/2015 09:13 am
