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 Replies: 20 / Views: 3,736 |
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Pillar of the Community
708 Posts |
Poll Question
Okay,
Currently, the Dollar Coin Alliance is working TOTALLY on the dollar coin, and nothing is definite, BUT, IF the $1 coin deal works out, the DCA guy I talked to, said their coalition might start discussing ONE of my issues for currency modernization, and while I know what I am set on, here are my options from least to most of my worries:
A redesigned, possibly smaller half: This issue really doesn't serve much of a purpose, unless the cent, nickel and quarter go away.
A redesigned $2 bill: A new $2 bill would be nice, except I'd rather have:
A bimetallic $2 coin: The thing is, the $2 bill and/or coin will likely happen with the demise of the $1 bill, so I am not quite as worried.
A newly issued $200 bill: Sounds nice, but if I had to choose, I would want:
A reissued $500 bill: This would be even greater than a $200 bill, as it actually has very good purchasing power, but my ultimate goal if possible, is:
$200 AND $500 bills: What could be better? The best of both worlds. (No need to ridicule me about saying that denominations larger than $100 will never be issued, as, with inflation in full swing, it has to happen some time)
So, I would at most, would be concerned with new $500 bills, if I can't also have $200 bills.
Now, you tell me what you think would be the most important issue. I was just curious as to what you think
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Moderator
 United States
187914 Posts |
I would be okay with "A bimetallic $2 coin using Canada's toonie as the prototype." and/or "A possibly smaller, redesigned half dollar coin." (In that order).
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Pillar of the Community
 708 Posts |
I voted for the $500 bill, even though I want both $200, and $500 bills. Can't get too pushy, but I believe that the bimetallic $2 coin would be my third place choice, after the $500 bill, and the $200 bill.
However, I did tell the DCA guy about how we were discussing "moving the decimal" on this forum, making the dime the new cent, (possibly a 20 cent coin as the new 2 cent coin, even though we currently have no 2 cent coin in circulation) the half as the new nickel, the $1 coin as the new dime, the $2 coin as the new quarter (well, almost the new quarter, but you get the idea) a $5 coin as the new half, and the $10 bill as the new $1 bill, and so on. Maybe the DCA will act upon this change, should the USA Act become law. This would be, probably one of the best ideas, really, even though I want $200 and $500 bills, more, I think you guys would agree with the decimal shift idea better.
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Pillar of the Community
1325 Posts |
i voted $2 coin, but it needs to be bigger for the seeing impaired. (Ike size anyone?)
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Pillar of the Community
United States
2077 Posts |
A $500 bill? Would make muggings 400% more efficient.
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Pillar of the Community
 United States
1949 Posts |
A $500 bill would realistically be the most practical
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Moderator
United States
187914 Posts |
The $500 is the new $50 anyway.  |
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Pillar of the Community
United States
1158 Posts |
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Moderator
United States
187914 Posts |
Good point. I rarely have anything over a twenty, for whatever that is worth. I prefer plastic for larger purchases.
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Pillar of the Community
708 Posts |
OldSkoolMadSkillz,
Yes, but credit, debit and checks make identity theft next to INFINITY efficient. I'd rather carry around a couple $500 bills, and why shouldn't I have the option, if I am going to carry all $100 bills anyway, and that wouldn't change how much money I lost to the muggers, right? In fact, a couple $500 bills would be even less noticable than ten $100 bills in public.
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Pillar of the Community
708 Posts |
jbuck, THAT is EXACTLY why I want a $200 bill. $200 bill = New $20 bill, and reissued $1,000 bills as well. New $1,000 bill = New $100 bill!  (As I said, might as well bring back the $5,000 as the new $500 bill, the $10,000 as the new $1,000 bill, and issue a $2,000 bill as the TRUE $200 bill ) Edited by Fox
08/11/2015 5:08 pm
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Moderator
United States
187914 Posts |
Identify thieves do not care if you do not use or even have electronic payment cards. Your identity can be stolen from a variety of sources, not just these highly publicized retail payment breaches. Unless you live 100% off the grid (and you do not if you are reading this), there is a significant level of risk. Once they have your identity, which they will just get plastic in your name.  |
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Pillar of the Community
United States
1949 Posts |
Quote:
There is a 500 Euro note and it sees very little circulation. It is mostly used for hoarding cash or for large value under-the-table trade which is often illegal. The average person uses plastic for large transactions. A $500 dollar note today would have a fraction of the buying power of a $100 bill 50 years ago... I think we should have added $500's back long ago... Shoot, they've had them in Monopoly since the 1930's |
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Pillar of the Community
708 Posts |
Okay, I did this poll to get input on what seemed like the most important and workable issue to talk to the DCA guy about supporting. I will decide what to talk to him about trying, maybe by next month, or after the poll has been up for a while. I will also tell you guys what issue I have chosen.  Edited by Fox
08/11/2015 6:45 pm
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Bedrock of the Community
United States
10034 Posts |
None of the above - debasement instead. It would only cost new designs and the normal cost of minting coins (which would be done anyway). This would mean no need to make new denominations of coins/blanks/machines - such as 2.00 coins. It would mean no refitting of machines for taking the larger and new denominations. It would mean we don;t individually have to have more change in our lives. Its proven these higher denomination coins drive up prices faster (initially) and end up being put in jars anyway. They are more expensive and troublesome to handle en masse from weight (metal vs. paper).
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
1325 Posts |
Where is it these higher denomination coins drive up prices? Do you mean because cash drawers don't have room for all the coins so the price is rounded up to the lowest bill?
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Replies: 20 / Views: 3,736 |
Posted 08/11/2015 11:47 am
