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 Replies: 51 / Views: 6,076 |
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Pillar of the Community
708 Posts |
Poll Question
What do you think that the largest circulating denomination coin in the U.S. should be?
I would say the half if the $1 bill were redesigned and the $2 bill and the half were redesigned and both widely circulated would be my second choice, after having widely circulating halves, $1, $2, and $5 coins, which is my first choice.
(Sorry, I mixed one of the $5 coin choices up higher than the others, after I made the topic with two other identical answers)
Edited by Fox
05/29/2015 03:22 am
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Bedrock of the Community
Australia
21786 Posts |
A $5 coin.
Get rid of the Penny the Nickel, reduce the size of the Half, make the $1 compulsory, a $2 compulsory, get rid of the $1 note, get rid of the $2 note, and get rid of the $5 note within ten years.
Introduce a $200 note.
All notes should be in polymer plastic.
Within 10 years, serious consideration should be given the replace the quarter with a 20 cent coin.
That would bring the currency system in line with most of the rest of the World.
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Pillar of the Community
United States
818 Posts |
Keep the system as it is, but circulate the dollar coins and half dollars more frequently.
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Moderator
 Australia
16826 Posts |
The answers to your "smallest banknote" and "largest coin" polls should correlate, shouldn't they? If you voted "$10 note" then you logically should be voting for "$5 coin", and so forth.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
5825 Posts |
Quote:
Get rid of the [Cent and] the Nickel, reduce the size of the Half, make the $1 compulsory, a $2 compulsory, get rid of the $1 note, get rid of the $2 note, and get rid of the $5 note within ten years. Close to my way of thinking. Instead of a size change of the half use them as commemorative coins only. Slowly step through the paper replacement process; let people get used to it. First the $1 note out; $1 coin in. Then about every 10 years step up to the next denomination peaking probably at a $5 coin. |
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Moderator
United States
188213 Posts |
Like your other poll, too many redundant options.
I went with the first two dollar coin option. That is for the here and now. A five dollar coin may be necessary in ten to twenty years.
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Bedrock of the Community
United States
20753 Posts |
To many options. However, I went with a $5 coin. Of course it would fail just as the $1 coin is now doing. I do wonder what out government will do next with our currency.
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Bedrock of the Community
United States
17884 Posts |
Quote:
However, I went with a $5 coin. Of course it would fail just as the $1 coin is now doing. It only fails if you don't get rid of the corresponding notes. After all if they got rid of the notes would you refuse to use the $1, $2, and $5 coins and insist on getting change back from your $10 note all in dimes and quarters? I don't think so. |
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Pillar of the Community
Sweden
1078 Posts |
Êven though I honestly am fine with currencies using a 5.00 note, I voted for a $5 coin. Inflation? Probably, but it's a certainty regardless. It'll happen sooner or later, so make the change quick and inexpensivly instead of dragging it out over centuries (The $1 note and coin have coexisted for quite a while, even though I'm probably exagerating a little here). In order for everything to be working smoothly, every denomination has to be in place in circulation. I find it good with too many poll options. It's better than too few  |
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Pillar of the Community
United States
513 Posts |
Edited by Garoyn
05/29/2015 12:12 pm
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Valued Member
United States
317 Posts |
Counterfeiters drooling over the thought of a $5 coin, look at 500 yen coin.  |
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Moderator
United States
188213 Posts |
Quote:
It only fails if you don't get rid of the corresponding notes. After all if they got rid of the notes would you refuse to use the $1, $2, and $5 coins and insist on getting change back from your $10 note all in dimes and quarters? I don't think so.  As if anyone thought I would not.  |
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Valued Member
United States
62 Posts |
I voted for The $5 coin, as long as the half and the $2 coin still circulated widely. It would just add more to my coin jar that my hubby puts coins in each night. He does not like to carry coins at all.
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Pillar of the Community
United States
997 Posts |
Quote:
I voted for The $5 coin, as long as the half and the $2 coin still circulated widely. It would just add more to my coin jar that my hubby puts coins in each night. He does not like to carry coins at all. And that is just the issue with all coins these days. They are really useful only to make change for paper money. They get used once or twice, tossed in a jar for months or years and then returned to the bank or CoinStar when the jar gets filled. |
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Moderator
United States
188213 Posts |
Which is why electronic transactions are winning more users daily.  |
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Pillar of the Community
United States
6130 Posts |
How are $1-2 coins handled in the EU and other places where they actually circulate? I used to go out equipped with a handful of change if I knew I would be making purchases, but nowadays I rarely do so unless I am making a point to get rid of some change. So much easier to just grab the wallet loaded with bills than to go to the old change jar and dig out some quarters and dimes. Plus, my work pants have small pockets, and it's just not easy to dig around my phone and keys for that elusive coin somewhere in there.
That said, I do like the idea of using coins with a 20+ year lifespan over bills that last 5 years tops. I think that Americans are stuck in the "coins go in the vacation fund jar" mentality, however.
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Replies: 51 / Views: 6,076 |
Posted 05/29/2015 06:11 am
