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12-10-18 01:37:26 AM

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 05:44:19 PM Link | Quote
Originally posted by Rick
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.


The problem there, I think, was that retailers wouldn't generally give the dollar coins as change. If you think of it, unless you get paid directly in cash for everything and keep exactly what people give you, most of your lower denominations will come from change after you get the $20s from the bank or ATM and spend them, right? Well, if you don't get any dollar coins, you won't have any to spend. Few people are willing to make special trips to the bank to get rolls of $1 coins, or to ask for part of a cheque in dollar coins.

Plus, I think that the "golden dollar" thing was a marketing mistake. Having the dollar being gold-coloured was a good idea, IMO, to avoid the quarter-like appearance of the SBA, but calling it the "golden dollar" might have made people think that it contained real gold.
Mistral

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Posted on 10-23-10 06:00:55 PM Link | Quote
Personally, if I needed dollar coins, I could use the MetroCard vending machines or stamp machines.
The biggest problem in shifting away from dollar coins, as I see it, is the "BAWW I DON'T LIKE CHANGE" syndrome so many people seem to have.
It reminds me of when I heard about an attempt to change over road signs in New York to the Metric system.
Instead of bothering to learn Metric (hell, it's taught in frigging schools, for chrissakes!) and get used to it, people whined about it until they were changed back.
Nicole

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Posted on 10-23-10 06:09:25 PM Link | Quote
Originally posted by Supakitsune
Personally, if I needed dollar coins, I could use the MetroCard vending machines or stamp machines.
The biggest problem in shifting away from dollar coins, as I see it, is the "BAWW I DON'T LIKE CHANGE" syndrome so many people seem to have.
It reminds me of when I heard about an attempt to change over road signs in New York to the Metric system.
Instead of bothering to learn Metric (hell, it's taught in frigging schools, for chrissakes!) and get used to it, people whined about it until they were changed back.

The vending machines on the MBTA in Boston also give all dollar change in dollar coins (even if you buy, say, a $2 ticket with a $20)... and people complain about it all the time

It's interesting, about changing money... I recently found out that while in the US all coins and bills remain valid always (so you could take a 1800s $1 and it's theoretically still valid as $1, though you'd be an idiot to spend it that way), in the United Kingdom and other countries, the government occasionally recalls older money and it stops being legal tender... more evidence of American resistance to change, I suppose.

Also,
Originally posted by Supakitsune
...the "BAWW I DON'T LIKE CHANGE"...

*groans*
Mistral

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Posted on 10-23-10 06:10:10 PM Link | Quote
Originally posted by Imajin
Also,
Originally posted by Supakitsune
...the "BAWW I DON'T LIKE CHANGE"...
*groans*
...Tch, you know what I meant.
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Posted on 10-23-10 09:44:56 PM Link | Quote
Originally posted by Supakitsune
Originally posted by Imajin
Also,
Originally posted by Supakitsune
...the "BAWW I DON'T LIKE CHANGE"...
*groans*
...Tch, you know what I meant.

I was groaning at the pun
Xenesis
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Posted on 10-23-10 10:26:08 PM Link | Quote
Originally posted by Terra
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.


To be fair, if the US actually went to plastic notes instead of paper-cloth-thing notes they'd last many, many years longer. Australian banknotes for example last on average a good 20-30 years.
Gabu

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Posted on 10-23-10 10:29:26 PM Link | Quote
Hypothetically that would be a better idea, but I'm such a sucker for the environment.
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Posted on 10-23-10 10:38:56 PM Link | Quote
Originally posted by Xenesis
Originally posted by Terra
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.


To be fair, if the US actually went to plastic notes instead of paper-cloth-thing notes they'd last many, many years longer. Australian banknotes for example last on average a good 20-30 years.

I've always wondered, couldn't they make coins out of plastic? I'm mostly thinking of the penny, since it's said that that's now worth more than the metal they use to make it...
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Posted on 10-23-10 10:40:06 PM (last edited by Kerli at 10-23-10 10:41 PM) Link | Quote
Originally posted by Imajin
Originally posted by Xenesis
Originally posted by Terra
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.


To be fair, if the US actually went to plastic notes instead of paper-cloth-thing notes they'd last many, many years longer. Australian banknotes for example last on average a good 20-30 years.

I've always wondered, couldn't they make coins out of plastic? I'm mostly thinking of the penny, since it's said that that's now worth more than the metal they use to make it...

Not a good idea... something like aluminum or steel would likely be a safer bet. =)

They need to get rid of the penny, so maybe they could attempt to make an aluminum/nickel or steel 5 cent coin for the new lowest denomination. =)
Gabu

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Posted on 10-23-10 10:41:39 PM Link | Quote
Until people die of steel and/or aluminum cuts from their wallet.
Taryn

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Posted on 10-23-10 10:45:12 PM Link | Quote
They did try a steel cent in 1943 so that copper could be used for the war, but the coins would rust, and they were coated with zinc and not copper, which made them silvery-coloured and easy to confuse with dimes.

However, something like the modern Canadian cent should work, as that's essentially copper-plated steel itself. They eventually did change the cent to mostly zinc to combat the rising price of copper, but now zinc's price is going up too.
Boing
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Posted on 10-23-10 10:47:21 PM Link | Quote
I'm not really against $1 coins so long as we can get vending machines/etc. updated, but I don't see any real reason to change from bills. I don't have a problem with them, really.

What we should do is switch all our money to plastic. Who needs physical currency when we can store it in accounts?
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Posted on 10-23-10 10:54:21 PM Link | Quote
Originally posted by Boing
I'm not really against $1 coins so long as we can get vending machines/etc. updated, but I don't see any real reason to change from bills. I don't have a problem with them, really.

What we should do is switch all our money to plastic. Who needs physical currency when we can store it in accounts?

The problem with that is, isn't it kind of silly to have to have a credit/debit card, a bank account, and all that just to buy, say, a $1.25 candy bar?
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Posted on 10-23-10 11:10:35 PM (last edited by Reimu at 10-23-10 11:12 PM) Link | Quote
Personally, I always thought it'd be annoying to carry around so low-currency bills...

Then again, I am used to bills usually being for enough money while coins for machines, with bills in a vending machine being an absurd concept to me... And you should be able to buy most things in a vending machine with a single coin I think...

It would also mean the change is almost always a mix of bills and coins...
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Posted on 10-24-10 01:17:50 AM Link | Quote
Originally posted by Imajin
Originally posted by Boing
I'm not really against $1 coins so long as we can get vending machines/etc. updated, but I don't see any real reason to change from bills. I don't have a problem with them, really.

What we should do is switch all our money to plastic. Who needs physical currency when we can store it in accounts?

The problem with that is, isn't it kind of silly to have to have a credit/debit card, a bank account, and all that just to buy, say, a $1.25 candy bar?

Depends on how convenient it is. Single swipe and a pin punch in is pretty painless, and most people already have a bank account. Ideally it wouldn't be credit/debit and would a government sort of thing. Also fumbling around for change in my pockets is always kind of irritating.
Rena

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Posted on 10-24-10 03:13:19 AM (last edited by Rena at 10-24-10 03:14 AM) Link | Quote
Yes, if I want to use a vending machine on campus and I don't have any cash on me, I'd have to first go to the ATM to get cash (and don't even get me started on ATM fees), then go to a change machine to get coins (and they actually removed all of the change machines and installed one vending machine with a bill acceptor ), then finally go to the vending machine. (They stopped selling bottled drinks at the cafeteria too, so those are the only way to get one now.) I always find myself wondering why in 2010 I can't just walk up to the machine, push a button on my phone, have a product dispensed, and have it show up on the phone bill.

Granted, I hate to think what my phone bill would end up being if I could do that. I just end up carrying coins...

Coins at least are more convenient than trying to fumble with those stupid bill acceptors. Though I note that some newer machines have perfected the ability to reject valid coins just as reliably as others reject valid bills...
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Posted on 10-24-10 03:31:25 AM Link | Quote
You never really realize how useful having a few loonies ($1 coins) is until you run out.
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Posted on 10-24-10 05:17:46 AM Link | Quote
Originally posted by Sukasa
You never really realize how useful having a few loonies ($1 coins) is until you run out.

What's even better is when you realize that "loonie" is also a slang synonym for someone who's a bit crazy (e.g. a lunatic).

No wonder nobody in the US wants them
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Posted on 10-24-10 02:33:33 PM (last edited by Sukasa at 10-24-10 02:33 PM) Link | Quote
That term prettymuch only exists south of the border, the -only- time you hear it up here is "can you give me change for a loonie?"

Toonie is pretty obvious

E: Also, "Loonie" is derived from the picture of a Loon on one side of the coin.
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Posted on 10-24-10 04:48:16 PM Link | Quote
Eh, I'm mostly indifferent but I'd say yes. I kinda prefer metal coins over dollar bills. Easier to handle in some was.

Also where do you people find $20s lying around?
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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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