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US Dollar Coins... Your Opinions?  
User currently offlineUSAir1489 From United States of America, joined Oct 2000, 364 posts, RR: 0
Posted (10 years 2 weeks 3 days 2 hours ago) and read 2008 times:

Okay I've gotten this topic refreshed in my mind. We, as Americans, reject the usefulness of the half dollar and dollar coins for quarters and dollar bills. Now, before getting into the "oh they're too heavy" responses, I would like to hear some opinions as to if we could use the $1 and maybe even $2 coins.

Canada has $1 and $2 coins and they look much different and are only slightly larger than their quarter, which is slightly smaller in size than the US quarter. They use the $1 and $2 coins everyday and think nothing of it. "Oh your total is $17.56" and you hand the teller or cashier the exact amount, which can be a $10 bill, two $2 coins, three $1 coins, two quarters, a nickel, and a penny.

I really think if we put our minds to it, the coins would become very popular. Unlike paper money, they last a lot longer (a $1 bill's lifespan is about 13 months whereas a $1 coin would last over 25 years), might be a little more expensive to make but like I said, lasts longer than paper money.

If I were to come up with the coins, the $1 coin would be the Sacagawea dollar we already have and the $2 coin could remain the same size but would have a reeded and plain edge all around (several reeds followed by a plain section and then reeds, etc, going around the entire coin).

What do you think?


Zinger Aviation Delta Oscar Tango Charlie Oscar Mike
42 replies: All unread, showing first 25:
 
User currently offlineArmitageShanks From UK - England, joined Dec 2003, 3620 posts, RR: 15
Reply 1, posted (10 years 2 weeks 3 days 2 hours ago) and read 1994 times:

I absolutely hate coins of any value and size. If you have to travel or walk with a substantial amount, they are a nightmare.

When I get pennies back from somewhere, I always say "keep the change" or give them to someone that wants them. I never use them anyway.


User currently offlineUsairwys757 From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 2 weeks 3 days 2 hours ago) and read 1989 times:

I for one prefer the dollar bill, coins weigh the pockets down and there are just too many of them. I have about 5 jars in my house full of change, personally I dont want anymore of it. Especially pennies, they are so useless.

User currently offlineVaporlock From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 2 weeks 3 days 2 hours ago) and read 1977 times:

Well, we Canadians have the $1 and $2 coins and at first I must admit most people were not too excited about them.

Now....I think I can speak for most Canadians....they are pretty good. I think the biggest thing was "change".....most people were so used of paper 1's and 2's and old habits die hard!!!

Phyllis  Wink/being sarcastic


User currently offlinePacificjourney From New Zealand, joined Jul 2001, 2732 posts, RR: 8
Reply 4, posted (10 years 2 weeks 3 days 1 hour ago) and read 1976 times:

NZ switched to 1 and 2 dollar coins in about 1986.

Research at that time showed a one dollar note lasted an average of just 11 transactions, a one dollar coin has been shown to last 478 transactions.

There is no comparison, coins make so much more sense in this and endless other ways.

As far as the 'weight in my pockets' argument goes surely that isn't really an issue until they get rid of the $5 bill. That would be going too far !

Also ion 1986 NZ got rid of 1 and 2 cent pieces, all prices being rounded up or down. That takes care of your excessive amount of coins problem.

Yet another solution from down under. Make the bills out of plastic, not paper. NZ money is almost indestructible !



" Help, help ... I'm being oppressed ... "
User currently offlineArmitageShanks From UK - England, joined Dec 2003, 3620 posts, RR: 15
Reply 5, posted (10 years 2 weeks 3 days 1 hour ago) and read 1974 times:

Also think of this. You would have to carry a wallet and a bigger pocketfull of change.

User currently offlineStevenUhl777 From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 2 weeks 3 days 1 hour ago) and read 1974 times:

NO! No dollar coins! They introduced those copper-colored ones, and do you see them everyday? NO! Why? Because Americans HATE big, heavy coins! Otherwise, they would have been wildly popular.

I just got back from three weeks in Germany, Scotland, and England. While I had a blast, and love going to Europe, there's nothing I hate more than having to carry all their damn coins around each day...and fumble through each one trying to get the right coins. To me, it's just easier to grab paper notes and be done with it.

Guess it's all a matter of what you're used to... Insane Still, let's not introduce any more large coins for no reason!


User currently offlinePacificjourney From New Zealand, joined Jul 2001, 2732 posts, RR: 8
Reply 7, posted (10 years 2 weeks 3 days 1 hour ago) and read 1963 times:

Jesus, calm down. It's not like you couldn't do with the exercise.


" Help, help ... I'm being oppressed ... "
User currently offlineNWA744 From United States of America, joined May 2004, 70 posts, RR: 0
Reply 8, posted (10 years 2 weeks 3 days ago) and read 1951 times:

On a somewhat related note...it's amazing to take your jar of leftover change to the bank to be counted in the machine and see how much money it piles up too. We had this coffee can that just kinda filled up with coins over time, and it had like $150 in it.

User currently offlineAndz From South Africa, joined Feb 2004, 8451 posts, RR: 10
Reply 9, posted (10 years 2 weeks 3 days ago) and read 1912 times:
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um, back to the topic on hand....

Like New Zealand we don't have 1 or 2c coins anymore either, we do have 1, 2 and 5 rand coins, the change only weighs you down if you don't spend it!

Plastic notes like in Australia are a great idea, I wonder why they didn't go this route with the Euro.

Is the US the only country with all the notes the same size and colour?



After Monday and Tuesday even the calendar says WTF...
User currently offlineNWA742 From , joined Dec 1969, posts, RR:
Reply 10, posted (10 years 2 weeks 2 days 23 hours ago) and read 1909 times:

Alright I'll go on topic now, and ignore the person who seems to be obsessed with what I post.

I'd support having $2 coins or dollar bills being brought back. Seems these days it would be useful at a convenience store.



-NWA742

[Edited 2004-08-14 08:32:40]

User currently offlineJasepl From India, joined Jul 2004, 3582 posts, RR: 39
Reply 11, posted (10 years 2 weeks 2 days 21 hours ago) and read 1892 times:

As far as I know, the US is the only country that does not actually put down the coin's value in digits. The coins always say one dime or quarter dollar or something, but never 1 or 5 or 25... Why? Anyone know what's going on there?

User currently offlineCptkrell From United States of America, joined Sep 2001, 3220 posts, RR: 12
Reply 12, posted (10 years 2 weeks 2 days 15 hours ago) and read 1867 times:

I don't like carrying around a pocketfull of change either, but I am guessing that the unpopularity of the last two $1 coins issued in the U.S. is mostly the result of them being casually indistinguishable from the quarter-dollar in size and feel. Detroit-area because of its' proximity to Canada also has a problem with the Canadian quarter because of it's size/feel, too.

Only last week I took two twenties, eight new dollar coins and eight quarters to the local bank to get a fresh fifty for a gift. The teller gave me back a fifty, a five and a one dollar bill, mistaking the quarters for dollar pieces. Me being "Mr. Honest" called the mistake, but it shows you that the folks shooting the shots at the U.S. Mint didn't learn a thing from the unpopularity of the Susan B. Anthony dollar when designing the current Sacajawea. Regards...Jack



all best; jack
User currently offlineJAL777 From , joined Dec 1969, posts, RR:
Reply 13, posted (10 years 2 weeks 2 days 15 hours ago) and read 1866 times:

Problem solved. Big grin



User currently offlineCptkrell From United States of America, joined Sep 2001, 3220 posts, RR: 12
Reply 14, posted (10 years 2 weeks 2 days 15 hours ago) and read 1865 times:

Problem solved, indeed, unless you lose it or leave it in some bar after being "over-served"  Smile Regards..Jack


all best; jack
User currently offlineJAL777 From , joined Dec 1969, posts, RR:
Reply 15, posted (10 years 2 weeks 2 days 15 hours ago) and read 1864 times:

Get the platinum one... this way your not liable. Big grin

User currently offlineWhitehatter From , joined Dec 1969, posts, RR:
Reply 16, posted (10 years 2 weeks 2 days 15 hours ago) and read 1859 times:

Smallest note in the UK is now a fiver.

We've got the pound coin, about two thirds of an inch across and thicker than other coins. It's gold coloured. Then there's the two coloured £2 coin with the gold rim and silver centre which is larger than the £1.

Once the retired colonels and old farts stopped whining on about treason and heritage, nobody basically gave a bollocks anymore about scabby old pound notes that get tatty in your pocket. They are also much more useful in vending machines and ticket booths.

Five pound coins here are legal tender but only issued as collectors items in very limited numbers.


User currently offlineSrbmod From , joined Dec 1969, posts, RR:
Reply 17, posted (10 years 2 weeks 2 days 15 hours ago) and read 1856 times:

What's funny about the current $1 coin is that the US Mint is not minting as many because nobody's using them. What's happening is that people are hoarding them, thinking that the US Mint is going to stop minting the $1 coins, and then they'll be valuable.

The US Mint has never really gone about the $1 coin in just the right way. The Susan B. Anthony $1 coin was too similar in size to the quarter, and a lot of machines were getting these coins put into them, and the shape of the coin was causing them to get stuck in the coin slot. The silver dollar has always been around, more of a collectable coin than anything. You try to pay for something with it, and they look at you weird. Same is true with a $2 bill. They did a big media blitz with the golden dollar, but it really wasn't too successful. The US Mint did a promotion with Wal-Mart in which Wal-Mart offered the coins as part of the change from ones' bill. I got one in this way just to get one, and I kept it for a couple of days until I used it. The guy at the gas station I used it gave me a weird look when I handed it over.

The only way a $1 coin will ever go over would be if they quit making $1 bills, which pretty much means never. A US $1 coin will always be a novelty, and the only place you'll get them at is in the change out of postal vending machines (I'd always go inside and have them swap the coins for bills).


User currently offlineKlaus From Germany, joined Jul 2001, 21442 posts, RR: 54
Reply 18, posted (10 years 2 weeks 2 days 14 hours ago) and read 1838 times:

I don´t know what the big deal is (apart from ... ahem ... changeBig grin).

Coins are practical and I´ve never had a problem of "too much change". You just spend it - that´s what it´s for!  Nuts

The old Mark coins were a little inconsistent in size and colour, but the new €uros are rather systematic and easy to use:

Cent coins: 1, 2, 5 (copper), 10, 20, 50 (golden)
€uro coins: 1, 2 (bi-colour golden/silver)
€uro bills: 5, 10, 20, 50, 100, 200, 500 (individual colours)

Both coins and bills are ordered by size within each category.

I can´t say, of course, how big the transition pain might be in the US, but it might be a good idea to make the money systematic and consistent in one jump.

It can be done, and I think it´s worth it.


User currently offlineDesertJets From United States of America, joined Feb 2000, 7776 posts, RR: 16
Reply 19, posted (10 years 2 weeks 2 days 13 hours ago) and read 1833 times:

The US will SUCCESSFULLY implement the dollar coin when we fully adopt the metric system. Big grin


The change that clogs your pocket are not the big coins (the quarter) but all those damn pennies. Didn't Canada stop minting their penny? If we could get rid of the penny I think part of the problem would be solved.



Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineSafetyDude From United States of America, joined Sep 2001, 3795 posts, RR: 15
Reply 20, posted (10 years 2 weeks 2 days 13 hours ago) and read 1825 times:

I think that "The Simpsons" said it perfectly:
"And so, we remember Sacajaweah by placing her on the one dollar coin. You can trade it in at the bank for a real dollar."

Honestly, those coins are a pain, they weigh a ton, people cannot wait to get rid of them, and when you use them, people give you dirty looks.

 Smile
-Will



"She Flew For What We Stand For"
User currently offlineKalakaua From United States of America, joined Jan 2004, 1516 posts, RR: 5
Reply 21, posted (10 years 2 weeks 2 days 13 hours ago) and read 1825 times:

I want plastic money... Doesn't Australia have that? ...Plastic bills? How 'bout plastic coins?


Gravity explains the motions of the planets, but it cannot explain who set the planets in motion.
User currently offlineIflyatldl From United States of America, joined Nov 2003, 1936 posts, RR: 3
Reply 22, posted (10 years 2 weeks 2 days 11 hours ago) and read 1809 times:

I like Canada's Dollar coin system...once you get used to it, it's really not bad. In some ways for me at least, it's easier. After every trip home, I stash my left over cash in a jar and I've got ready cash for my next trip home. No ATM hunt on arrival.  Smile


Ah, Summer, Fenway Park, Boston Red Sox and Beer.....
User currently offlineKlaus From Germany, joined Jul 2001, 21442 posts, RR: 54
Reply 23, posted (10 years 2 weeks 2 days 10 hours ago) and read 1800 times:

DesertJets: The US will SUCCESSFULLY implement the dollar coin when we fully adopt the metric system.

That´s exactly what I was thinking of while writing "...in one jump"! Big grin

Half-assed hardly supported transition attempts simply don´t work. Decide and then just do it. Nothing alse.


DesertJets: The change that clogs your pocket are not the big coins (the quarter) but all those damn pennies.

I´m completely unable to understand how people manage to get there... I just pay with cents as much as with the other coins if possible. I´ve almost never got more than five or six copper ones.


User currently offlineRT514 From , joined Dec 1969, posts, RR:
Reply 24, posted (10 years 2 weeks 1 day 11 hours ago) and read 1733 times:

Most of the arguments against dollar coins are ones that I remember being trumpeted loud and clear here, only to quickly fade away soon after introduction.

Realistically, dollar bills and pennies make less sense as time goes on, because of inflation. People hate pennies, and understandably so. Those who have said that they hate coins... well, let's just say that they won't be so quick with saying "keep the change" if it involves some dollar coins. Pennies are virtually useless, first-world countries have started to eliminate them, and it will be an inevitable trend that will grow.

Now about dollar coins. What does a dollar buy now? Not much at all. Inflation has relegated "$1" into the relatively insignificant depths that were represented by quarters, dimes, and nickels. Considering the lifespan of a coin versus a paper note, AND the fact that $1 simply doesn't have the buying power that it used to, keeping it as a paper note really doesn't fulfill any cause outside of nostalgia. It's agreeable that coins represent lower denominations and quite frankly, we're at a point where one unit of currency (whether it be an American dollar, a Euro, a British Pound or whatever) is not a sizable amount of money. If you've got $50 in your wallet, the likelihood that it is composed of 50 $1 bills is extremely unlikely... therefore, the transition from a dollar bill to a coin won't add copious amounts of weight on anyone, as many suggest.


25 PPGMD : Please no coins larger than $0.25. When I was in the UK, I had this heavy as heck pocket of coins that totaled up to about $30. Jesus, either give me
26 Post contains images Klaus : PPGMD: Please no coins larger than $0.25. When I was in the UK, I had this heavy as heck pocket of coins that totaled up to about $30. Jesus, either g
27 Dvk : I like the dollar coins, and wish they were used more widely. I rarely have more that a few ones in my wallet; the other bills are a mix of 5's, 10's
28 Mdsh00 : No more coins! I hate getting something like 93 cents back and then ending up with a huge chunk of change making my pockets bulge. Along with keys, ce
29 Post contains images RT514 : Among the reasons for failure of the dollar coins to catch on here is that vending machines now take dollar bills... While living in the USA, I can't
30 DeskPilot : Here in Australia, it's plastic notes (strong little buggers, never tear) and $1 and $2 coins. The $1 and $2 coins are great for vending machines - pa
31 Post contains images Airsicknessbag : >>>Is the US the only country with all the notes the same size and colour? All Central American banknotes are identical in size to the dollar. Differ
32 Post contains images Klaus : Airsicknessbag: Ya, don`t understand that either. I NEVER have more than 4.99 EUR in coins in my purse (-> 5 = smallest note) because I spend the coin
33 StarAC17 : Don't get the $1 coin. I was just in the US for 10 days and I much prefer the $1 bill over the loonie and toonie and now I think Canada is considering
34 Scottieprecord : There are a few reasons the dollar coin didn't work in the US: 1) You couldn't use them in vending machines 2) The only place you could get them was a
35 Post contains images Matt D : I think this image ought to appear on some denomination of coin and/or currency.
36 Mdsh00 : Is the US the only country with all the notes the same size and colour? In some way that's true. Although the $20 bill now has some color on it. I bel
37 N6376m : It's a pain in the ass to walk around europe with a pocket full of 1 and 2 euro coins.
38 JGPH1A : RE: It's a pain in the ass to walk around europe with a pocket full of 1 and 2 euro coins. But they're great for vending machines, parking machines an
39 Tristarenvy : If I had a dollar for every damn Susan B. Anthony coin I mistook for a quarter back in the early 80's....I'd be really well off. And what's worse, the
40 V Jet : It's a pain in the arse to walk around the United States with a wallet full of $1 bills so thick it wont close.
41 Post contains images SafetyDude : It's a pain in the arse to walk around the United States with a wallet full of $1 bills so thick it wont close. It is a bigger pain to walk around wit
42 Post contains images NWADC9 : Pick one
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