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Replies: 86 / Views: 7,672 |
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Valued Member
United States
439 Posts |
I'd heard people talk about a "cashless" society before but I figured it would be a long time coming yet if it could even be done but maybe things are moving in that direction after all. Check out this story: http://www.journalgazette.net/artic...3/1002/LOCALI've heard discussions about the future of coins if everyone goes cashless and shrugged it off but if more people start doing this I suppose sooner or later the need for coins and paper money would dry up. Anybody else hear of this kind of thing yet?
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Valued Member
United States
320 Posts |
I thought the definition of "legal tender" was that it must be accepted...?
I could understand saying "exact change only" like on a bus, and all cash received goes immediately into a drop safe... but I am 99% sure that a business "has" to take cash if it is offered.
Might be wrong though, it happened that one time before.
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Pillar of the Community
United States
689 Posts |
Even monopoly went cashless!! 
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Moderator
 United States
187582 Posts |
The "Legal Tender" laws only apply to debts already owed. A purchase in a store is not a debt. You will have to leave your product on the counter and walk away to another business that accepts cash.
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Valued Member
United States
376 Posts |
You'll have to take the Mark of the Beast.......
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Pillar of the Community
United States
581 Posts |
Quote: Even monopoly went cashless! WOOHOO Now all My Monopoly money might be worth a little bit more than...nothing
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Pillar of the Community
United States
1406 Posts |
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Bedrock of the Community
United States
20753 Posts |
I've been saying this for a long time now. Cash is on the way out completely. Some time ago my Son showed me how he uses a credit card for everything. Gas for his car, restaurants, food stores, hardware stores, etc., etc. Even in Illinois the toll roads are about 80% cashless. And if you do use cash, there is a fine so you pay double. Illinois is already penalizing people for using cash. My Son hardly ever carries any form of cash. He has his own buisness and likes all those statements from credit card companies. Great for documentation. He now has me doing that too. I seldom use cash anymore for anything. Of course in a store for a dollar I do use cash but I've seen many women pull out a credit card of check book for a 2 dollar purchase. And credit card companies are more and more rewarding the use of their cards by giving you money back for what you spend. One card I use gives me one cent for every dollar I spend. Sounds trivial but better than nothing. With intercontinental trading increasing all the time, our monitary system will just have to be abandoned. The entire world will eventually have to use one monitary system for simplicity. Either that or all transactions will be electronic. It is the only solution to the mess we now have with everone wondering how much something is in another country. NO cash is really on it's way out.
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New Member
United States
21 Posts |
I've heard that most of the "money" in existance now is in an electronic form. So for the federal reserve to make more they just add some zeros to the national debt. There will always be cash around, the vending industry is too big to not have the machines that don't take money, and where would Las Vegas be if the one armed bandits spit out a gift card with your winning amount on the balance. Coin Star is also another big interest group in the we will count your change for 8% of the total. Modern marvels has stated they turn in truckloads of coins back to the banks already wrapped and ready to go again.
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Forum Dad
 United States
24147 Posts |
Quote: and where would Las Vegas be if the one armed bandits spit out a gift card with your winning amount on the balance. There doing voucher machines now. Some AC and LV casinos are converting as we speak. A lot of new California casinos went coinless from the git-go.
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Pillar of the Community
United States
2130 Posts |
What would a cashless society do to the price of coins for our hobby? Would coins decrease in value or increase in value? What is everyone's opinion on this?
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Valued Member
United States
397 Posts |
We have vending machines that take cards down here for cokes now. All the riverboat casinos I've been to put your winnings on your token. And big amounts come out as a slip of paper to take to the window (where the nice gentleman in the suit from the IRS is more than happy to help you out).
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Moderator
 United States
23522 Posts |
Quote: There doing voucher machines now. Some AC and LV casinos are converting as we speak. A lot of new California casinos went coinless from the git-go. AC is completely coinless these days. You can still put paper in, but no coins and you get vouchers out. The only thing (I mean, only thing) I do with cash these days is tip. Everything else is either online or oncard. I haven't had more than $50 in my pocket in two years, and that only once or twice.
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Pillar of the Community
Thailand
1509 Posts |
A coinless/cashless world? Don't worry I don't think it will happen in the lifetime of any members. Most of the replies have had an American bias but what about the rest of the world? Can't see the poor of the world taking up cards (and who the **** is going to issue them?) or doing transactions online. And if the US ever does go cashless that means you'll eventually have to come over to the darkside to get your fixes, which means my collection is going to be worth a lot more...mmm maybe not such a bleak future after all.
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New Member
United States
42 Posts |
"Don't worry I don't think it will happen in the lifetime of any members"
haha don't be too sure. I'm 24 and a relatively new collector. I could definatly see America going, say, 99% cashless by 2050.
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Pillar of the Community
United States
592 Posts |
The U.S. Greenback...The $100. dollar bill IS the currency of the world.
There is virtually no place that will not take U.S. money.
We have a very long way to go before the world has one official currency, never mind "cashless".
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Replies: 86 / Views: 7,672 |