Thoughts on the Dollar Coin

[blakeatwork]

Originally posted by: rh71
i don't think anyone has mentioned the thought behind doing this... what is it ?

probably cost savings...

Costs more to make, but they last a hell of a lot longer then bills do...

just be glad you don't go the Euro route if you do... bloody coins for damn near ever denomination you can think of... E.01, E.02, E.05, E.10, E.20, E.50, E1.00, E2.00. Makes you sound like you're wearing bloody chainmaille when you walk down the raod with a pcoketfulThough, Canadian currency is almost as prolific

 

[Electric Amish]

Originally posted by: K1052

Originally posted by: MercenaryForHire

Thoughts on the Dollar Coin

"What took you lazy fvcks so long?"

- M4H

We don't take any guff from a country that calls their dollar coin the "Loonie".

...or that call their $2 coin the "Toonie"....'cuz, you see it's like two Loonies...

 

[HomeBrewerDude]

I would like to see the government stop with paper $1 and go with coins $1 only.

 

[Electric Amish]

I'd rather them get rid of pennies and nickels.

 

[Colt45]

i would like $0,50 and up as bills $0,50; $1, $2, $5, $10, $20, $50, $100, $1.000.000,

the smallest bill we have is $5 now. I feel like lead-man when walking around with change.

 

[mugs]

Originally posted by: rh71
: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 ?

Coins last substantially longer than "paper" money, so it would save the government (and therefore you) money. $1 bills deteriorate the fastest and are the most common, so they would be the logical bills to switch. Would you rather have paper pennies, nickels, dimes, and quarters? I think that would be as bulky as a few coins in my pocket.

 

[CrackRabbit]

Only if you could convice vending machine manufacturers to let thier machines accept them. Thats my biggest gripe.

 

[Howard]

Originally posted by: Electric Amish

Originally posted by: K1052

Originally posted by: MercenaryForHire

Thoughts on the Dollar Coin

"What took you lazy fvcks so long?"

- M4H

We don't take any guff from a country that calls their dollar coin the "Loonie".

...or that call their $2 coin the "Toonie"....'cuz, you see it's like two Loonies...

A bit whimsical, but it's a logical name.

Anyway, the name of the dollar coin is based on the fact that there's a loon on the coin.

 

[Martin]

Originally posted by: blakeatwork

Originally posted by: rh71
i don't think anyone has mentioned the thought behind doing this... what is it ?

probably cost savings...

Costs more to make, but they last a hell of a lot longer then bills do...

just be glad you don't go the Euro route if you do... bloody coins for damn near ever denomination you can think of... E.01, E.02, E.05, E.10, E.20, E.50, E1.00, E2.00. Makes you sound like you're wearing bloody chainmaille when you walk down the raod with a pcoketfulThough, Canadian currency is almost as prolific

Eurocoins do suck, but the canadian ones are much better. They have 8 coins, we have only 6.


I have to general points to make:
1) You people must be very very weak. I mean complaining about carying around a few coins? jeez.
2) Inflation devalues money. Carying a $1 bill today is like carying a $0.25 bill back in 1950. What about 20 yearrs from now when the dollar will be even more worthless?

 

[DivideBYZero]

screw it, make all money paper, right down to the cent.

 

[Mayfriday0529]

Originally posted by: Beattie
How would you feel if the US stopped using paper dollar bills and used coins instead?

I would hate that, they do that in europe with the Euro, the lowest paper bill is a 5 so you carry dollar and 2 dollar coin it gets so confusing.

 

[vailr]

Circulating U.S. money should return to coins that have intrinsic value; i.e. with 90% silver content (as were pre-1965 dimes, quarters, halves & dollars). And return to a gold backing for paper currency.
If the dollar coin again had 90% silver, then phasing out the paper $1 dollar would be O.K. Just print more $2 bills instead.

 

[NikPreviousAcct]

Coins suck and should be done away with.

 

[Pepsi90919]

never been to canada have you?

i hate american money just because of the $1 bills. and the lack of different colouring. :|

 

[HardcoreRobot]

Originally posted by: EMPshockwave82
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

all bills are the same color and size. you cant even say that about coins, so i dont really think this is a valid point.

 

Originally posted by: Pepsi90919
never been to canada have you?

i hate american money just because of the $1 bills. and the lack of different colouring. :|

I've spent more time in Canada than most Americans. I've heard many canadians say nearly the exact same statement as that.

My response to them is, "are you that damned retarded that you need color coded bills".

 

[nageov3t]

the weight would be a killer.

I have $200 in my wallet right now... I couldn't imagine carrying that in change (and it's not as if the euro is 100% change)

 

[TitanDiddly]

Go debit.

 

[Pepsi90919]

Originally posted by: SampSon

Originally posted by: Pepsi90919
never been to canada have you?

i hate american money just because of the $1 bills. and the lack of different colouring. :|

I've spent more time in Canada than most Americans. I've heard many canadians say nearly the exact same statement as that.

My response to them is, "are you that damned retarded that you need color coded bills".

you don't realize how useful it is until you've used it for 20 years of your life

 

[nageov3t]

Originally posted by: PhasmatisNox
Go debit.

which is great, until you wind up in the middle of nowhere with no atm and no stores that accept credit cards

 

[FrustratedUser]

Originally posted by: Beattie
How would you feel if the US stopped using paper dollar bills and used coins instead?

I hate having coins in my pocket.

 

[wfbberzerker]

i wouldn't like it. sometimes i have 20 or so singles in my wallet. thats a lot easier to carry than 20 coins.

 

[Kibbo]

Let me just say that Strip Clubs are more intersting with Toonies.

And that it's nice when they can easily tell you've ponied up a fiver.

 

[kranky]

The biggest obstacle to switching exclusively to a dollar coin is this:

One company provides all the paper to the BEP for US paper money. 50% of the production is $1 bills. That company is based in Ted Kennedy's state.

The conclusion is left as an exercise for the reader.

 

[tami]

Originally posted by: farmercal

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.

then allow me to ask - what's cheaper? paper or copper/bronze or whatever those coins are made of? i'd suppose that we'd be inclined to say paper.