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Jul - General Chat - Should the United States push for $1/$2 coins? New poll - New thread - New reply
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Do you think that the USA should use coins for $1 and/or $2 denominations?
Click to vote, silly.
Yes
 
 57.7%, 15 votes
No
 
 38.5%, 10 votes
Other
 
 3.8%, 1 vote
Multi-voting is disabled. 26 users have voted.

Taryn

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Posted on 10-23-10 04:38:36 PM Link | Quote
Do you think that it's time for the USA to seriously try to push $1 and $2 coins?

I'd say yes. Bill acceptors are a pain, and coming up with enough quarters is about as annoying. (What is it with public washers and dryers only ever taking 1 denomination of currency? I've even noticed that in Germany, where you can only use 50-cent coins!) I always thought that large-denomination coins from other countries were cool. Also, with inflation lowering the value of a dollar every year, will the USA ever change, or will we be using $1 bills the way we use nickels now while people still resist larger-denomination coinage?

Most coin acceptors actually do take dollar coins, and many vending machines give them as change. However, cash registers often don't have enough room. They could be redesigned while still having the same width, as it's bill widths and not coin sizes that fix the width of the cash register. I've seen a Canadian cash register that had 6 places for coins, they just weren't aligned 1:1 with the 5 bill spaces

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Posted on 10-23-10 04:39:44 PM Link | Quote
Nope. Change is a pain to carry around and its easier to manage bills rather than coins.

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Posted on 10-23-10 04:47:24 PM Link | Quote
I'd say $1 coins. (we have that here)

It's quite useful to have $1 coins, even though it may weight more then bills, it's easier to handle for me. :p



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Gabu

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Posted on 10-23-10 05:20:00 PM Link | Quote
Yes, if only for the chance to find $1 coins on the ground and calling it free game, unlike paper money, which I tend to derp up and not take. I've found 2 $20s in isolated incidents, and didn't pocket them due to a sense of that actually being someone's money. I should shut up and jam.

No, because wouldn't it be more expensive to produce than a bill?

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Posted on 10-23-10 05:22:27 PM Link | Quote
More expensive, yes, but it would last longer. Think about it, it's not uncommon to see coins from last century, even from like the 1960s, but most bills are from the last few years at any time. They get old and damaged and the US government has to print more to replace them.

I pick up any amount of money if it wasn't obviously just dropped, even $10s and $20s.

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Posted on 10-23-10 05:24:24 PM Link | Quote
Supakitsune
Yes, I think so. We could phase out the penny and the dollar bill, and use the dollar coin more widely. The golden dollar coin is far harder to mistake for a quarter than the original one.

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Posted on 10-23-10 05:41:48 PM Link | Quote
Can't put coins in my wallet. At least not comfortably. Its fine for as purse but not a man's wallet.

The dollar has been on a steady decline for the past 39 years when it was taken off the gold standard. Since then, there is no actual nominal value to the paper besides what is dictated by the government. If something major happened and the dollar plummeted, then all of paper bills would be worthless. They would only be worth the paper they're printed on.

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Posted on 10-23-10 05:51:12 PM (last edited by Imajin at 10-23-10 02:52 PM) Link | Quote
I'm not a huge fan of dollar coins either, because of the whole wallet thing... though what I'd really like to see if they're going to push changes on currency, is to push the $2 bill a lot more... it seems like the $2 would be a convenient denomination, except no one ever uses them

Originally posted by Orlandu
Can't put coins in my wallet. At least not comfortably. Its fine for as purse but not a man's wallet.

The dollar has been on a steady decline for the past 39 years when it was taken off the gold standard. Since then, there is no actual nominal value to the paper besides what is dictated by the government. If something major happened and the dollar plummeted, then all of paper bills would be worthless. They would only be worth the paper they're printed on.

Of course, everything's value is dependent on what people think it's worth- even gold, though that has some "inherent" value as you can use gold to make things, a lot of the demand seems to still come from the shiny.

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Posted on 10-23-10 05:53:26 PM (last edited by Rick at 10-23-10 02:53 PM) Link | Quote
Last I heard of the U.S. trying to push it was with those Sacajawea coins. Most people just collected them for the novelty and didn't really go putting them into circulation that much. I've seen the dollar coins come out in Newark when I paid for my train fare though, so they're still in use at least somewhere.

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Post 19985/23359
Posted on 10-23-10 05:55:31 PM Link | Quote
I tend to collect $2 bills instead of using them.

Unless I'm super broke.

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Posted on 10-23-10 05:56:04 PM Link | Quote
Both 1 dollar and 2 dollar coins... and how about a 200 dollar bill while we're at it? =)

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Posted on 10-23-10 06:09:39 PM Link | Quote
Probably yes. Though I am biased as we use coins a lot more. But the bills are liable to tear apart after some time, and many vending machines here only accept coins anyway. From my experience, it's the low-denomination coins (1c, 2c, 5c) that cause the most pain.

Also, I think there should be a larger bill than $100, which is nothing now. Something like this:



That way, you don't need to carry around wallets full of $100 bills when doing larger payments.

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Posted on 10-23-10 06:23:50 PM Link | Quote
Originally posted by Prince Kassad
Also, I think there should be a larger bill than $100, which is nothing now. Something like this:

That way, you don't need to carry around wallets full of $100 bills when doing larger payments.

Does that happen very often? I'd guess that most larger purchases are probably made with credit cards or checks...

The argument for not having larger bills is because organized crime prefers to deal solely in bills, if I recall correctly...

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Post 19988/23359
Posted on 10-23-10 06:25:55 PM Link | Quote
Could you image getting $30 in tips, in coins?

Yes, having 30 ones is a pain, but it's better than have 30+ coins.

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Posted on 10-23-10 06:29:42 PM Link | Quote
Originally posted by Imajin
Does that happen very often? I'd guess that most larger purchases are probably made with credit cards or checks...


Purchasing a car here is almost always done with hard cash.

Originally posted by Imajin
The argument for not having larger bills is because organized crime prefers to deal solely in bills, if I recall correctly...


But, since the larger denominations are pretty rare, they're more commonly and thoroughly verified (I do know that when I try to pay with a 500 Euro bill, the cashier takes like five minutes to check that the bill is valid). Therefore, organized crime prefers the common bills, which are 50 and 100, since these are rarely checked. Also, few stores accept large bills to begin with.

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Posted on 10-23-10 06:35:04 PM Link | Quote
I never really understood the argument against dollar coins. Change goes into my pocket, anyway, which is then conviniently dumped into a bucket for saving (last time I emptied it I got like $30, which was pretty nice)


As for the prior gold dollar coin, well... I'm pretty sure that the mentality was that it was a time-limited one that they weren't going go make them for too long, so most people saved them. In retrospect, that seems to have been correct.

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Post 19991/23359
Posted on 10-23-10 06:43:34 PM Link | Quote
Also, lose shorts/pants.

I had six $1s in my back pocket last night. If that was in coin form, my shorts might have fallen down.

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Posted on 10-23-10 06:44:26 PM Link | Quote
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Metal_Man88's Post
Only if they make silver dollar coins again, because those gold ones are like Chuck-e-Cheese tokens which few machines accept and most people at stores are aggravated to receive from you.

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Posted on 10-23-10 06:51:31 PM Link | Quote
Screw coins, we need more $2 bills. All coins do for me is form little amorphous piles around my room that hardly ever get spent, unless they're quarters.

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Posted on 10-23-10 07:58:49 PM Link | Quote
Originally posted by Anya
Also, lose shorts/pants.

I had six $1s in my back pocket last night. If that was in coin form, my shorts might have fallen down.

see, I never use my back pockets for anything, least of all money. Just seems like the easiest way to get pick pocketed
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Jul - General Chat - Should the United States push for $1/$2 coins? New poll - New thread - New reply


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