USAir1489 From United States of America, joined Oct 2000, 364 posts, RR: 0 Posted (9 years 11 months 2 days 17 hours ago) and read 1985 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
Usairwys757 From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 11 months 2 days 17 hours ago) and read 1966 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.
StevenUhl777 From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 11 months 2 days 17 hours ago) and read 1951 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... Still, let's not introduce any more large coins for no reason!
NWA744 From United States of America, joined May 2004, 70 posts, RR: 0
Reply 8, posted (9 years 11 months 2 days 16 hours ago) and read 1928 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.
Jasepl From India, joined Jul 2004, 3582 posts, RR: 40
Reply 11, posted (9 years 11 months 2 days 13 hours ago) and read 1869 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?
Cptkrell From United States of America, joined Sep 2001, 3220 posts, RR: 13
Reply 12, posted (9 years 11 months 2 days 7 hours ago) and read 1844 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
Whitehatter From , joined Dec 1969, posts, RR:
Reply 16, posted (9 years 11 months 2 days 6 hours ago) and read 1836 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.
Srbmod From , joined Dec 1969, posts, RR:
Reply 17, posted (9 years 11 months 2 days 6 hours ago) and read 1833 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).
DesertJets From United States of America, joined Feb 2000, 7758 posts, RR: 16
Reply 19, posted (9 years 11 months 2 days 4 hours ago) and read 1810 times:
The US will SUCCESSFULLY implement the dollar coin when we fully adopt the metric system.
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
Iflyatldl From United States of America, joined Nov 2003, 1936 posts, RR: 3
Reply 22, posted (9 years 11 months 2 days 2 hours ago) and read 1786 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.
Ah, Summer, Fenway Park, Boston Red Sox and Beer.....
RT514 From , joined Dec 1969, posts, RR:
Reply 24, posted (9 years 11 months 1 day 3 hours ago) and read 1710 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.
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