Thoughts on the Dollar Coin

Beattie

Golden Member
Sep 6, 2001
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How would you feel if the US stopped using paper dollar bills and used coins instead?
 

puffff

Platinum Member
Jun 25, 2004
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bad... i have a hard time holding onto coins.. they always slip out of my pocket when i'm lying on my couch or when i'm driving. i can deal with losing pennies and nickels and dimes and an occasional quarter... losing a dollar would hurt.
 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
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:thumbsdown: to carrying coins.

1) heavier
2) no wallet support (for the most part)

This seems like a bass-ackwards way of doing things... go heavier and bulkier ?
 

Fausto

Elite Member
Nov 29, 2000
26,521
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I actually liked the dollar coins that were floated a while back. I keep a 5 of them duct-taped together in my bike's saddle bag for whatever.....people look at you kinda funny when you use them, but oh well.

That said, I wouldn't want to carry a bunch of change around the rest of the time.
 

Wallydraigle

Banned
Nov 27, 2000
10,754
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How about a chip implanted in your skull when you're born that contains all your financial information?
 

tami

Lifer
Nov 14, 2004
11,588
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the new dollar coin was introduced in new york city transit about 3 years ago. it wasn't a hit.

for those of us who rode the subway and paid cash, if we paid $15 for a $10 metrocard, we'd get $5 back -- not a single $5 bill, but 5 individual heavy coins. from that point on, everyone aimed to pay their subway fare with correct change, because those coins were just too heavy.

i hate them, and i wouldn't go for it.
 

Injury

Lifer
Jul 19, 2004
13,066
2
81
It depends on how many of them you are carrying.


Aside from that... what are you going to give strippers if they switch to coins? ;)
 

EMPshockwave82

Diamond Member
Jul 7, 2003
3,012
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what are we... canada?


if we stop printing paper currency and go to all coin currency (or most coin currency) i think it would be a terrible idea


many people in this country under the age of 20 cant even read an analog clock (the one with hands)... throw in a coin that looks like the others and we have massive problems
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
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Originally posted by: tami
the new dollar coin was introduced in new york city transit about 3 years ago. it wasn't a hit.

for those of us who rode the subway and paid cash, if we paid $15 for a $10 metrocard, we'd get $5 back -- not a single $5 bill, but 5 individual heavy coins. from that point on, everyone aimed to pay their subway fare with correct change, because those coins were just too heavy.

i hate them, and i wouldn't go for it.

:confused: Why wouldn't you just pay with a $10 bill?
 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
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Originally posted by: Wallydraigle
How about a chip implanted in your skull when you're born that contains all your financial information?
Wave of the future... cause nobody can sever your skull and profit. ;)
 

rh71

No Lifer
Aug 28, 2001
52,844
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i don't think anyone has mentioned the thought behind doing this... what is it ?
 

TMPadmin

Golden Member
Jul 23, 2001
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I would love it! Plus people spend coin faster than paper so it may help to give a small boost to the economy (just a bit). I'm ready for the American twoney!
 

tami

Lifer
Nov 14, 2004
11,588
3
81
Originally posted by: Orsorum
Originally posted by: tami
the new dollar coin was introduced in new york city transit about 3 years ago. it wasn't a hit.

for those of us who rode the subway and paid cash, if we paid $15 for a $10 metrocard, we'd get $5 back -- not a single $5 bill, but 5 individual heavy coins. from that point on, everyone aimed to pay their subway fare with correct change, because those coins were just too heavy.

i hate them, and i wouldn't go for it.

:confused: Why wouldn't you just pay with a $10 bill?


heh

try $10 for a $6 card... 4 coins back

there, that makes more sense :p
 

farmercal

Golden Member
Mar 23, 2000
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for those of us who rode the subway and paid cash, if we paid $15 for a $10 metrocard, we'd get $5 back -- not a single $5 bill, but 5 individual heavy coins. from that point on, everyone aimed to pay their subway fare with correct change, because those coins were just too heavy.
I have had one of those coins in my hand and they are NOT heavy, unless you think that a quarter is heavy. Perhaps we need to bulk up as a nation so we can carry all those heave dollar coins. I like the idea of the dollar coins because the one dollar bills just fill up the wallet, besides the dollar bill doesn't last very long in circulation but coin can easily last 30 years. Think about the budget for a minute.
 

imported_Trippin315

Golden Member
Nov 23, 2004
1,855
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I think that I would look good carrying a man-purse, however, I would refuse to. I will just stick to keeping all of my money in 100's like God and Dr Dre had intended.
But, the urban myth of dropping a penny of the Empire State Building and killing someone, think of the true carnage that one could inflict with the dollar coins
 

Czar

Lifer
Oct 9, 1999
28,510
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would be funny to see all those rap videos and the occasional movie where they throw money in the air
 
May 31, 2001
15,326
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Originally posted by: rh71
i don't think anyone has mentioned the thought behind doing this... what is it ?

The smaller the denomination of bill, the more it circulates and the faster it wears out. Thus they wanted to replace the bill that circulated the most and wore out the most.

I spent six of the Sacajawea dollars on a matinee movie ticket the last weekend. The girl gave me a strange look, went to go ask another employee about them, then came back and gave me an even stranger look before giving me my movie ticket.
 

TheAudit

Diamond Member
May 2, 2003
4,194
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Originally posted by: tami
the new dollar coin was introduced in new york city transit about 3 years ago. it wasn't a hit.

for those of us who rode the subway and paid cash, if we paid $15 for a $10 metrocard, we'd get $5 back -- not a single $5 bill, but 5 individual heavy coins. from that point on, everyone aimed to pay their subway fare with correct change, because those coins were just too heavy.

i hate them, and i wouldn't go for it.

That's how I always get the dollar coins: as change from riding the rails.
 

Kibbo

Platinum Member
Jul 13, 2004
2,847
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It's not too inconvenient to have coins, especially if you have $2 bills or coins too.

And it saves the gov't a ton of money in production costs.