| Author |
 Replies: 70 / Views: 6,457 |
|
Pillar of the Community
United States
5887 Posts |
Poll Question
I would switch to coins. The cost of making paper dollars is too high. Also it would give us collectors more fun things to look at more often. 
Collector of U.S. Coins, Varieties, and Colonial Coinage
|
|
|
|
Valued Member
United States
343 Posts |
I'd say coins, but make them bigger again.
|
|
Pillar of the Community
 United States
5887 Posts |
Why bigger?
Collector of U.S. Coins, Varieties, and Colonial Coinage
|
|
Pillar of the Community
United States
2520 Posts |
Quote:
Why bigger? Because suspenders will become a necessity instead of just a fashion statement! |
|
Valued Member
United States
343 Posts |
I feel it would be more recognizable. The bronzey ones look bad after minimal circulation. No paper bills might boost half dollar usage again too, and I think the dollar should be bigger than the half.
As for the suspenders, you'd carry what, 10, 20 at most? Probably same as what most of your wallets weigh...
|
|
Valued Member
 United States
456 Posts |
I would be in favor of the change when they figure out how to make folding dollar coins that will fit in my wallet. Hate carrying coins. Hate using 1 and 2 euro, pound or Canadian dollar coins. Paper money is easier to use, store, transport etc., and it does not rattle around in your pocket when you walk.
|
|
Bedrock of the Community
United States
10284 Posts |
I voted use coins since they are already storing more than a billion of them at the cost of the taxpayers money.
If they want, they can store them free at my house.
|
|
Pillar of the Community
United States
2520 Posts |
Quote:
As for the suspenders, you'd carry what, 10, 20 at most? Probably same as what most of your wallets weigh... Have you heard of the Ike dollar that was produced from 1971-1978? (back when a dollar bought a heck of a lot more than it does today) They were not favored by the public due to their large size which resulted in the smaller SBA dollar in 1979-1980 (another failed attempt). |
|
Pillar of the Community
United States
2520 Posts |
Basically, going back to a larger dollar coin isn't going to happen. Too large & bulky for the little that they purchase. There are billions of small sized dollar sitting in vaults. Vending industry would fight a large dollar. Eliminating the paper dollar is the only way a dollar coin will circulate.
|
|
Pillar of the Community
United States
5887 Posts |
Collector of U.S. Coins, Varieties, and Colonial Coinage
|
|
Valued Member
United States
343 Posts |
I know bigger will never happen, I just think its weird the half is larger than the dollar. Nickel and dime too but thats a whole nother can of worms.
I also hear the buying power argument, which made me wonder, would the public use a $5 coin?
I like what Canada has done eliminating low coinage and implementing the loonie and toonies coins over paper dollars.
Edited by SpaceMaNy0
11/22/2018 5:47 pm
|
|
Bedrock of the Community
13014 Posts |
Quote:
I also hear the buying power argument, which made me wonder, would the public use a $5 coin? No it wouldn't. Coins are MUCH easier to fake than bills as well for commerce purposes and the higher the denomination that you can spend the more you encourage it. |
|
Pillar of the Community
United States
587 Posts |
Switch to coins and make the currency for special sets, rather than the other way around.
|
|
Pillar of the Community
United States
3402 Posts |
Kurrency Kollectors unite...keep our currency...yeah.
KK
|
|
Valued Member
United States
456 Posts |
I agree with Basebal and Ratman The only way the public will accept a dollar coin is through brute force. Except in the late 19th Century American West the public never accepted the dollar coin. The mint did not even issue circulation strike dollars between 1803 and 1840. Most of the dollar coins issued between 1840 and 1878 were either intended for ( Trade dollars) or ended up being used for(Liberty Seated dollars) bullion in trade with the Far East. Hundreds of millions of Morgan and Peace dollars were stored by the mint because the public didn't want them. Beginning in 1971, the mint tried seemingly everything to get the public to take to the dollar coin. The Ike, the SBA, and the Sac all failed. The public clearly prefers the lightweight dollar that folds to the heavy dollar that jangles. |
|
Bedrock of the Community
13014 Posts |
Quote:
The only way the public will accept a dollar coin is through brute force. Honestly it probably wouldn't even happen then. You can use credit/debit for everything if you deem money to annoying to carry around. How many dollar coins does someone think a tailored suit can hold, how about any suit, how about the tighter fitting jeans of today ect |
| |
Replies: 70 / Views: 6,457 |
Posted 11/22/2018 4:49 pm
