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 Replies: 15 / Views: 1,576 |
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Pillar of the Community
Canada
3692 Posts |
- Coins have a life-span of over 50 years (excluding Zincolns lol) and even more. Paper money gets handled by a few hundred or so and gets worn out.
- Coins are heavier and thicker than paper. Anyone who has never seen a coin purse before should run in fear.
- Paper can be blown away by the wind and stained.
- Coins are ever so cumbersome. Wait, no they're not.
Those are only the most basic of points for having/using dollar coins. If any government cares enough they will use coins (or anything beyond the hardness of toilet paper) over paper. I just can't see how it's still logical to use paper for $1 denominations. It makes no fiscal sense. Talk about wasting money to make money.
This thread is specifically for our Southern friends in their United States. Don't be afraid of coins! They don't smell up your hands the way pennies are designed to repulse you (Yes, I believe they are designed to be that way). You can now weigh your dollars with accuracy. You won't have to retailor your pockets, and they don't weigh you down. Honestly, what a bunch of propaganda. In fact, I can't wait for the Canadian guv to get enough sense to install a $5 coin into circulation.
If $1 are successful they may even replace every other coin below it - think about that! With inflation, cents won't even matter and you'll be forced to use $1 coins anyways, so get used to it! That's the change you'll be getting in the future.
(On a minor note, how many of you Americans have spent a dollar simply because it was filthy? and you just HAD to get rid of it?)
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Moderator
 United States
188351 Posts |
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Pillar of the Community
Canada
1733 Posts |
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In fact, I can't wait for the Canadian guv to get enough sense to install a $5 coin into circulation. Five dollar coins? That's pushing it. Give it another ten years until the dollar melts down some more and becomes even more worthless. Edited by Ugly
03/23/2011 9:19 pm
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Rest in Peace
United States
9104 Posts |
It takes $1.60 to count 1000 coins, $16.00 to count 1000 bills.
Coins can be counted by weighing.
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Bedrock of the Community
United States
20753 Posts |
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Coins can be counted by weighing.
Only if they have no wear at all. I've seen coins that look like they are well less in weight than when they were made. |
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Rest in Peace
United States
9104 Posts |
I used to check rolls of halves for silver by weighing them. Never missed.
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Pillar of the Community
United States
1231 Posts |
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It takes $1.60 to count 1000 coins, $16.00 to count 1000 bills How does it take $16 to count bills when a machine can do it in less then 1 min? |
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Pillar of the Community
United States
672 Posts |
Big Fred... how could you weigh half rolls when the tolerances for 40% and clad overlaps?
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New Member
United States
18 Posts |
Just bought a giant load of brass bucks from the US Mint to use in circulation. Can't wait to use them and see people's reactions.
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Rest in Peace
United States
9104 Posts |
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How does it take $16 to count bills when a machine can do it in less then 1 min?
Lemme see that machine, I know bunches of people who'd be interested in one. |
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Bedrock of the Community
United States
20753 Posts |
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Lemme see that machine, I know bunches of people who'd be interested in one.
Your kidding of course. At Bank of America they always run bills through a machine prior to handing you them if you requested a large amount. just a few days ago I got $1,000 in tens from that place and they ran them through that machine in about 10 seconds. There is one for every 3 teller stations. Seen the same machines at Chase banks. They are really common and small enough to fit on a tellers station. If your rally know people that want one, just go to any bank and ask where they are made. Think I'll do that today later. Quote:
How does it take $16 to count bills when a machine can do it in less then 1 min? Actually this is an easy one. You hire someone to count them by hand and pay them that amount per that many bills. Then no machine is even needed and you put more people to work.  Edited by just carl
03/25/2011 1:23 pm
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Valued Member
Canada
311 Posts |
My Wallet is full of twenties after I go to the bank machine. As I spend them they will get broken down to tens, fives and coins. When ever I make small purchases I always use the coins in my pocket first, then if I don't have enough I will go back to paper money. Where I am going with this is to say I never have more than ten dollars of change in my pocket at once. In fact it is rare to have over five dollars. This means a couple of townies or loonies at a time. It is a myth that most of my friends south of the 49th parallel believe that Canadians pockets are full of heavy bulky coins.
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Bedrock of the Community
United States
20753 Posts |
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It is a myth that most of my friends south of the 49th parallel believe that Canadians pockets are full of heavy bulky coins.
Maybe not your friends but no all of us are your friends remember. Just kidding but I think I well know what you mean. People everywhere are just not wanting to carry large amounts of anything heavy. Coins or anything. For some reason that really may not apply to women that for some reason find ways to carry about a hundred pounds of jewlery and still carry two hand bags and the family groceries. |
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Rest in Peace
United States
9104 Posts |
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Your kidding of course. At Bank of America they always run bills through a machine prior to handing you them if you requested a large amount. just a few days ago I got $1,000 in tens from that place and they ran them through that machine in about 10 seconds. I understand what you're saying, but you're comparing apples to oranges. First, they're only counting 100 bills, not 1000 as I used in the comparison. If there was a $1 or $100 note in there, it would count it as a $10, so you need to first sort the bills out (the time consuming part). I have several coin counters. One of the electric ones can take a bucket of change and sort and count at about 500 coins a minute. Sort of an old version of Coinstar. I have a hand crank counter for one denomination at a time, it'll do 30 coins a second. A friend with a vending company has a Cummins Jet sort, it'll count and sort 250 coins a second. That's 25 times as fast as your bill counting example, not counting sorting time for the bills. He often pays me in stacks of ones counted by the kind of bill counter you mentioned. I've seen as many as 106 bills in a hundred. Keep in mind, your bank tellers prolly have counted that stack of bills several times. |
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Valued Member
Canada
321 Posts |
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It is a myth that most of my friends south of the 49th parallel believe that Canadians pockets are full of heavy bulky coins. you know perhaps when we all used to carry silver dollars in our pockets...those are bulky and heavy.. I can see pockets breaking from those, but once phased out of normal circulation, tailors lost many a client! |
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Bedrock of the Community
United States
20753 Posts |
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First, they're only counting 100 bills, not 1000 as I used in the comparison. If there was a $1 or $100 note in there, it would count it as a $10, so you need to first sort the bills out (the time consuming part).
Yes and No. I asked at the bank today and the teller said the machine would take stacks of up to several thousand bills. Of course your right about they are only counting quantity, not variety. They do not separate the different types, only count them. And if you did have several thousand bills, they have a larger one right behind them for those. But again, they only count them. And it still only takes seconds. Quote:
takes $1.60 to count 1000 coins, $16.00 to count 1000 bills. Regardless of a coin counting machine that is fast, the original question was about the $16.00 for 1000 bills. Edited by just carl
03/28/2011 8:43 pm
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Replies: 15 / Views: 1,576 |
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Posted 03/23/2011 9:18 pm
