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USA Act Introduced Today! (To Replace One Dollar Note With Coin)

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Pillar of the Community
708 Posts
 Posted 08/03/2015  8:13 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
Bugo,

You say you don't like the idea of getting rid of the dollar "coin" and then you protest against the dollar coin. I'm guessing that was an error?

Also, I've had times where I've carried 30 $1 coins around, or even more halves, and they don't bother me one bit, so I don't see why anyone would have a problem carrying up to 10 or a few more $1 coins, and quite frankly, I don't see how anyone needs to be stuck with that many. I never get stuck with 10 quarters, 10 dimes, ten nickels, or ten one cent coins at a time, except recently, when my 7 Eleven clerk friend was having trouble getting quarters out of the safe to make change with, so he had to give me 7 dimes, which was not the greatest, but it weighed next to nothing.

Oh, and on another note, at 7 Eleven I see a LOT of people dig out their fractional change to pay exact change, so I don't see why there would be an issue of digging, $1 and $2 coins out of their pockets either.
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ghostrider's Avatar
United States
1116 Posts
 Posted 08/03/2015  8:30 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
I have no problem with doing away with the dollar bill in favor of the dollar coin. In fact I'm happy that this may come to pass.

As far as the question of the one cent or nickel pieces, I really don't see anything in favor of the nickel. I have been in the habit of saving all my coins and at the end of the day putting them into a jar and ultimately making CWR's. Over the years the volume of nickels that I wrap is vastly under represented both in number and value. For every CWR I make in nickels I wrap large amounts of one cent coins and perhaps 7 or 8 dimes, and 9 or 10 quarters.

From my vantage point nickels could be done away with without any noticible loss.
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 Posted 08/03/2015  9:14 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply

Quote:
Those who refuse to study history are doomed to repeat its mistakes. Case in point.


Funny thing is, it is a Canadian I often see saying there was no problems at all and it made no difference when the "cent" was removed in Canada in these types of threads about US money.

Also I witnessed similar since in contact at the time of the change with a construction worker who had to buy his lunch when the twonie came out and ended up with so many he didnt know what to do with because he couldn't carry a bunch of change on the construction sight so had to deal with bills to pay the lunch wagon for his lunch on site. He commented you really couldn't say "Keep the change." when the change was $2 and risk it falling out when bending over or through a hole in your pocket. They had to buy lunch credits form the foreman at that time since they couldn't just run back to their car to put the change away before getting back to work, Then at the end of shift they had to cash out credits they had left and had the coins just piling up at home.

Now obviously this is an outlier case since everyone wont be in such a way they have to carry coins around ALL day or can't carry them around. (No the lunch wagon doesn't even take credit cards, it was cash only; before anyone asks.) But it does go to chow that in ALL countries, ALL coins end up in "the jar" to be forgotten until such time as they are remembered or needed like the US 1-cent coin. Anyone I have spoken to in Japan, France, Germany, all have "the jar" whatever it is where they just put coins until later and just leave the house with bills or credit cards, not a pocket full of coins.

not to mention clothes are made so cheap (quality) now that they aren't intended for carrying coins as they were back when the US $1 was the size of Ikes, Morgans, etc. and had real weight to them. Pockets in most clothes are made just enough to hold a smart phone amount of weight, IF they are larger enough for the smart phone to even fit.

Like the cash drawer (sorry can't find the post that responded) its something that will have to be adapted to.

The problem with the cash drawer is not that enough slots for coins dont exist, solely. But when you have 1 roll of cents that need to stay in the replacement seciton on the far left, they are smaller than rolls of $1 coins. So removing the cent means you can move things down 1, but dealing with the $1 coin will mean you either need a place to put more rolls to replinish when you run out, or you will have an excess that must be removed formt he drawer more often.

Keeping the same lets say 5-slots, means you have wasted space in the bill/check section. unless they add $2 bill where the $1 bill used to be. Most placed dont even keep larger bvills in view for safety reason, they are placed under the drawer as well, just as checks are. Which means heavier amounts of coins in the drawer will make it harder to lift the drawer to put the random 50 or 100 under it as well the checks.

it isn't just about enough slots for coins, but coins have a volume and weight that must be taken into account as well, that seems to be forgotten by many when they say "there is enough room" Not to mention the drawer must be counterbalanced at the back to account for coins in the front so it doesn't fall out when it is opened, and either you have to change the weight of the drawer itself, and increase the size and strength of the spring to hold it into place as well as help inertia close the drawer, or figure something else out with it.

I am still in favor of the $1 coin though, just removing the penny to add the $1 coin in lieu of the $1 bill, isn't as easy as some people want to think it is. the mechanics in these systems are more than is being assumed. That doesn't even take into account slightly older registers that you can't remove the till from. So yeah the system as a whole in many places will have to be re-evaluated, cashiers might even need to be retrained... if they ever were trained to begin with.
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 Posted 08/03/2015  9:36 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply

Quote:
I really don't see anything in favor of the nickel.


This page wasnt here when I started typing my above post, so to be safe. jsut making an extra post. it can be merged should there be no other post between mine.

The thin g in favor of keeping the nickel is that until 2021 there are still going to be quarters produced and released into circulation under the ATB program. if the nickel goes, the so to must the quarter go and the half will need to come back to take its place.

if the nickel goes then why have the 5-cents on the end? you wont be able to make 60 cent with quarters, you will have to use all dimes. you can make 50 cent, but why 2 coins instead of 1 to do that? Why will people only get that 5 cents when they get a quarter back and anything else the 5 cents is lost to rounding?

The nickel still exists because the quarter exists to add them together to make 30 cents so you dont have to count 3 dimes all the time, or give 2 dimes and a nickel. But if no nickel, you wouldnt be able to give... so where does the rounding work with the quarter, but no nickel?

would the 100th decimal place still exist without the nickel? you only need the 10th right? so where does the 5/100ths portion of the quarter go into programing these computers as an extra complicated step to making change just for the quarter?

so at least until 2021 when the ATB program ends, the nickel must remain. Why get rid of the nickel and cent ahead of the time when you can just remove both? for that matter, it wouldn't even be able to be 2022 that the quarter is tremoved because that would just defeat the purpose of releasing the 2021 quarter except give people the near full year to collect it, and then jsut put it in a closet never to be seen again.

The nickel takes the quarter with it and requires the return to circulation and use of the half. Its just plain old math that dictates this.
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 Posted 08/03/2015  10:59 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
And I still say it would also require the return of the fifth if we get rid of the quarter. Unlike with one cent coins, I'm sure people here, like the people in the Euro countries would most likely want a 20 cent coin to replace the quarter, even if we have no 2 cent coin now instead of carrying up to four dimes. I know I would.
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jbuck's Avatar
United States
189005 Posts
 Posted 08/04/2015  11:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Change is inevitable. Inflation has killed the value of our lower denominations and shifted the decimal point. Our money (what is coin and what is paper) needs to shift with it. Not liking it will not change these facts. There is no going back. We either adjust or continue to waste money to appease those who cannot accept what needs to be done.
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jbuck's Avatar
United States
189005 Posts
 Posted 08/04/2015  12:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
There are now three concurrent and related threads.

I ask that we redirect attention and discussion to this thread...

https://goccf.com/t/236555
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