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 Replies: 40 / Views: 4,727 |
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Pillar of the Community
United States
1208 Posts |
:rolleyes:
This subject is beat to death with people trying to FORCE their will on others.
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Moderator
 United States
189053 Posts |
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This is a no-brainer.  People will use them if we remove the choice by killing the competing paper notes. Quote:
This subject is beat to death with people trying to FORCE their will on others. It is what is good for the country as a whole. Continuing to make the one dollar note is a government subsidy and a waste of taxpayer money. Having the one dollar note is not a Constitutional right. So nothing is being forced on anyone, they are just taking away their food stamps one dollar notes. |
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Pillar of the Community
United States
613 Posts |
One dollar coin (SAC), $5 bi-metallic coin (smooth edge), $10 coin (reeded edge), each progressively larger in size. (Remove the bills of course)
Resize the half dollar smaller.
Only mint the cent every five years and partner with coinstar to get all the billions and billions of them in jars recycled back into circulation to fill orders from the banks (let coinstar suck out all the copper ones for whatever their secret plan is - is that really a thing?)
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Pillar of the Community
United States
656 Posts |
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partner with coinstar to get all the billions and billions of them in jars recycled back into circulation to fill orders from the banks  If there was an easy way & inexpensive way to get the coins that do not circulate back into circulation, the mintages would take a nose dive! |
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Pillar of the Community
United States
1796 Posts |
Aye, the biggest problem with circulation is that because coins are worth so little today they only circulate in one direction: From businesses to customers. They've become the shrapnel of bigger purchases. :-)
If they had more oomph they'd keep moving around.
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Pillar of the Community
1325 Posts |
anything under $10 should be a coin. it is quick and easy and not too much to lose. Then a bar of metal for a $100 would be great so the thing can't fly away with a gust of wind and there goes $100....
This is one reason I prefer coins to bills. Coins don't get blown away on a slightly windy day and have you chasing down your rent payment in a parking lot. drop a few coins and you can get those slightly bulky things easy and they dont move too far unless going downhill. Also no more silly bill acceptors spitting out small bills for things if they were coins they would jsut tae then and you wouldnt have to play the dollar dance trying to find the right bill, facing the right way, with the fewest creases, .... ughhh! I mean if you are spending more than $5 you are probably putting it on plastic anyway so you dont need a $5 bill anymore, and unless you are CRHing them, nobody would really need more than 1 $5 coin on their person. Just throw the coins in your camera case. laptop case, pda/tablet case, etc just like a bill and you wont lose them.
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Moderator
United States
189053 Posts |
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Only mint the cent every five years... Hmmm... We should just say that we are going to do this. During the four years we are not minting the cents they will disappear from circulation and markets will adapt to their absence. By the time year five comes up, there will be no need to resume minting the cents.  Quote:
Coins don't get blown away on a slightly windy day and have you chasing down your rent payment in a parking lot. Tell me about it! In my case it was a parking fee. I had to beg the attendant to lift the gate. I mean, he just saw what happened and I showed him my empty wallet!  The worst part is that I was due change!  |
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Pillar of the Community
United States
1748 Posts |
10c coin, 50c coin, $1 coin and $2 coin. Those are the only coins we need.
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Pillar of the Community
United States
589 Posts |
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I don't want *any* precious metals in circulating coins until the prices stabilize. But you forget that if you put precious metals back in a coin (since, banknotes would be hard to put metal in, in large enough quantities), and have the government set the value of the metal to the value of the coin. Doing that would stabilize the value of the metal in question, as well as stabilize the value of the USD to other currencies (it'd go up/down as the price of the metal rises/falls in other currencies) Quote:
The only thing I don't like about $1 coins is that they're still too big. I don't like how small they are. We need Ike-sized dollars again. Quote:
anything under $500 should be a coin FTFY. I need to be able to bury my savings easily and trust that it'll still exist in 50 years. And bring back 1000's, 5000's, and 10.000 notes, or just make those coins as well, and make them BIGGER THAN HUGE and out of osmium or something more scarce than gold/platinum, with the types of security features Britain and Canada are doing. |
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Pillar of the Community
United States
1796 Posts |
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Doing that would stabilize the value of the metal in question, as well as stabilize the value of the USD to other currencies Because price control has always worked in the past...? :-) Any "stabilization" would go out the window with the next Silver Thursday or commodities bubble (like in the beginnings of the Great Recession, and at many other times in our country's history). This is a Very Bad Idea. Quote:
I don't like how small they are. We need Ike-sized dollars again. The dollar's present value should dictate it being a dime-sized coin. Otherwise it has less utility as exchangeable money, and we need coins that are *useful.* An Ike-sized coin would need to be worth at *least* $10 to make it useful. Perhaps even more. I'd be for that sort of thing. But dollars? Dime-sized. Edited by SteveCaruso
01/14/2015 11:53 pm
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Pillar of the Community
United States
1796 Posts |
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And bring back 1000's, 5000's, and 10.000 notes, or just make those coins as well, and make them BIGGER THAN HUGE and out of osmium or something more scarce than gold/platinum, with the types of security features Britain and Canada are doing. Let's make a 12" round, that's 6" thick of depleted uranium or iridium, then, while we're at it. :-) |
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Pillar of the Community
United States
1208 Posts |
By these arguments, we should replace ALL paper money with coins. :rolleyes:
I never suggested that paper bills was a "right"... Just that most people like
them, and in a nation that is supposed to value freedom and personal choice,
the will of a minority ought not be imposed on the public by force.
"The good of the people is the alibi of tyrants"
Also, if the cost of supplying FIAT currency to the nation is
a "subsidy", then the cost of coinage is subsidy as well.
Edited by ratio411
01/15/2015 05:50 am
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Pillar of the Community
United States
1208 Posts |
I'm done arguing.
This is not what I come to this hobbyist site for.
I just get so sick of seeing these "death to the coin/bill I don't like"
threads all over a board that is not, or at least should not, be geared
to personal crusades like this. They just come one after the other, and
they are generated by the same few people, over and over. Then the comments
are all predictable, the same group of people demands force upon the other
group of people. It's off topic, divisive, and shouldn't really be allowed...
At least not in the specific discussion areas.
I'm out. Going to topics that don't divide, and that actually talk about our hobby.
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Moderator
United States
189053 Posts |
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... have the government set the value of the metal to the value of the coin. And just how will we get the rest of the world to go along with this? Quote:
Also, if the cost of supplying FIAT currency to the nation is a "subsidy", then the cost of coinage is subsidy as well. First of all, seigniorage. Coins have it, currency does not. Minting coins provides income to the government (except for cents and nickels, which is why we need to get rid of them). Second of all, having the government coin money is in the Constitution. Having them print money is not. |
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Pillar of the Community
United States
1796 Posts |
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in a nation that is supposed to value freedom and personal choice,
the will of a minority ought not be imposed on the public by force. For a nation that values freedom and personal choice, we have a huge bloc of folks dedicated to spreading misinformation, and when someone is misinformed they do not have genuine freedom and choice. Folks "like" the dollar bill because they've known nothing else. Poll after poll shows that when you fail to mention the aspect of how wasteful it is, people are *against* the coin 2:1. Consistently. Not mentioning waste is a big glaring omission. The moment you mention it, however, that ratio flips to -- nowadays -- to nearly 3:1 *for* the coin. That would put you among the "will of the minority," ratio411. :-) One additional fact on the table and everything changes. If we look at every other country that has abandoned its smallest-denomination paper notes for coins (and its smallest denomination coins, too, in some cases), there are some people grump for a few years (mostly because it's new) before carrying on as if nothing has happened. Money is saved, and the next generation reaps those benefits and grows up with this "change" as normative. It's a responsible long-term approach -- which we sorely need more of. So, you are free to be "done arguing." I'd prefer it if fewer people argued about this so we could get it implemented already. :-) Quote:
First of all, seigniorage. Coins have it, currency does not. Minting coins provides income to the government (except for cents and nickels, which is why we need to get rid of them).
Second of all, having the government coin money is in the Constitution. Having them print money is not. Bingo. Edited by SteveCaruso
01/15/2015 10:48 am
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Replies: 40 / Views: 4,727 |
First Page
Posted 01/13/2015 11:34 am
