Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNN)   U.S. Mint to make third attempt at introducing $1 coin without removing the $1 bill from circulation. In other news, Sisyphus still pushing that damn rock   (money.cnn.com ) divider line
    More: Asinine  
•       •       •

25499 clicks; posted to Main » on 27 Apr 2005 at 9:31 PM (11 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



242 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all
 
2005-04-27 04:32:50 PM  
I really like the dollar coin and think they should take the paper dollar out of circulation. But here they're just making a coin for collecters more than anything else. Just like how they have made thousands of different kinds of postage stamps over the years. People buy them but don't use them. The penny, nickel, and maybe the dime are long past their real usefulness too.
 
2005-04-27 04:38:22 PM  
Get rid of the dollar bill, replace with 1 and 2 dollar coins.

We can't get rid of the penny, nickel, or dime.
 
2005-04-27 04:38:30 PM  
Maybe if they'd stop putting women on them it would work.
 
2005-04-27 04:38:41 PM  
I liked the Sacajawea dollar. They should bring it back.
 
2005-04-27 04:40:25 PM  
I'm not a huge fan of carrying a pocket full of change in the first place. Dollar bills are so much less of a pain in the ass.
 
2005-04-27 04:42:39 PM  
noes!!! keep dollar bills... every tried to put a coin in a garter or g string?

/seriously tho, coins suck, spent 4yrs in germany dealing with that shiat
 
2005-04-27 04:43:14 PM  
We need to get rid of the penny and possibly the nickel. They suck, and they cost way too much to make. I prefer dollar bills to dollar coins. When I was in Canada, I hated having a farking pocket full of change all the time. I have a wallet, not a purse, people.
 
2005-04-27 04:43:28 PM  
They should make a sixty cent coin so when I need a Snickers bar cause I'm not going anywhere for a while I don't have to find two quarters and a dime.

/its all about me
 
2005-04-27 04:44:08 PM  
I like dollar coins. I like 50-cent coins. I like $2 bills.

I've never understood why people hoarded the Sacajaweas.
 
2005-04-27 04:45:50 PM  
The subjects depicted on the dollar coins would be the U.S. presidents. The plan is to introduce four new ones a year beginning in 2007, honoring each of the nation's chief executives in the order of their service.

How much you wanna bet we'll start eventually be reading articles about conservatives using the Bill Clinton coin for target practice, or something as equally inane?

/in either direction
 
2005-04-27 04:47:14 PM  
People who think the dollar coin isn't being used haven't been to Atlantic City.
 
2005-04-27 04:47:17 PM  
The Sacajawea dollar isn't gone. I get and use them fairly often, mostly just to confuse the brand-new-to-the-country exchange students working on campus here.
 
2005-04-27 04:48:53 PM  
I wish I had dollar coins when I play darts, do laundry, or shoot pool. On the other hand, paper bills are more convenient. Want to know why they don't nuke the penny? Simple: all prices would be rounded up to the next .05, or 5%. Instant inflation for no reason doesn't sound good to me.
 
2005-04-27 04:52:19 PM  
Plus 5 points for Sisyphus Greek mythology reference.
 
2005-04-27 04:53:44 PM  
GSrecluse

When people hate things they don't need logic. So keep your logic out of reasons to keep the penny.
 
2005-04-27 04:54:11 PM  
Minus 10 points for not knowing how many dollar coins we've had in the past.
 
DAR [TotalFark]
2005-04-27 04:54:37 PM  
Here's the only USA 1 dollar coin that I think is really collectable.

American One Ounce Silver Eagle
 
2005-04-27 04:55:48 PM  
Simple: all prices would be rounded up to the next .05, or 5%.

Does not compute!
 
2005-04-27 04:57:11 PM  
If the mental midgets in charge of this project would stop trying to make dollar coins that are easily mistaken for quarters, it might catch on. Again.

Bring back the old silver dollar, fergodsake.
 
2005-04-27 04:57:44 PM  
I went into Taco Bell and tried to buy a taco with a two dollar coin and they shot me in the face and I died. Then the cops arrested me and both my knees hurt now and forget trying to get on the train to go to work every morning because sometimes they've got the steep steps and when you get off it's right level with you. How the hell do they do that?

True story.
 
2005-04-27 05:01:58 PM  
Simple: all prices would be rounded up to the next .05, or 5%.


$1.99 -> $2.00

/can we stop with this .99 bullshiat now?
/Count my pennies, only got a bag fulla twenties
 
2005-04-27 05:03:48 PM  
DarthBrooks: People who think the dollar coin isn't being used haven't been to Atlantic City.


I was at Ceasars last week and disappoited to see all the slots were vouchers, not coin. Winning isn't the same when you don't hear the clang of the coin.
 
2005-04-27 05:07:14 PM  
lordargent: $1.99 -> $2.00

+ sales tax comes to $2.17, sir. So fork over $2.20 and have a nice day, you aren't getting change.
 
2005-04-27 05:12:45 PM  
lordargent: /can we stop with this .99 bullshiat now?

Steve : Al, I invented the 99 cent coin. Have you ever noticed how things cost $7.99? $14.99? $99.99? My coin will eliminate the messy change that only catches the attention of obnoxious beggars who hastle you on the way to your Mercedes. What do you think of it, Al?
Al : What about tax?
Steve : [after pause] You sound just like those fools in the treasury department.
 
2005-04-27 05:14:11 PM  
can we stop with this .99 bullshiat now?

Abolishing the penny would not change pricetags. The rounding would take place at the cash register, and only affects cash transactions. Prices ending in 1, 2, 6, and 7 would be rounded down, 3, 4, 8, and 9 would be rounded up. Two fifths of the time you're paying a little more, two fifths of the time you're paying a little less, and one fifth of the time you're paying the exact amount. There's no way to crunch these numbers that will create any kind of stealthy price increase.

"Ah! But most items end in 9, so therefore most transactions will be rounded up," you say. Don't forget that the rounding is done after tax is computed, and most transactions are for the sum of multiple items, creating a fairly uniform distribution of the final digit of the tendered amount.

Now with all that in mind, give me a good reason we should still be wasting our time with pennies.
 
2005-04-27 05:16:22 PM  
Well, if you had RTFA you would know these aren't intended to be a dollar bill replacement but something for coin collectors and a money maker for the government. Now that I got that out of the way...

Here's how to make a viable dollar coin.

Make it a decent size that isn't too large. I'm thinking a Kennedy half dollar or less, but more than a quarter. Don't make another farking Eisenhower one. A few of those and your pockets are torn.

If you do decide to be a dumbass and make it the same size as an existing coin, for fark's sake don't make it look and feel identical to an existing one. Think Susan B. Anthony. Make it a different color and a different edge. Make it non-milled to make it easier.

Don't use a shiatty alloy like the Sacajawea. A few days of handling and they look like crap. Make a coin that makes me want to show it in public.

Finally, quit farting around by making ten million coins and 350 million bills. Stop making the bills. Period. Make a farkload of coins, like a billion of them or so so all the asshats who think it'll be a collector's item won't be able to hoard them all. Wait until all the bills are gone.

Done. We now have dollar coins.

Of course this will never happen because it is too sensible.
 
2005-04-27 05:16:40 PM  
From the bill:
`(o) First Spouse Bullion Coin Program-

`(1) IN GENERAL- During the same period in which the $1 coins are issued under subsection (n) which are emblematic of the Presidents of the United States, the Secretary of the Treasury shall issue bullion coins under this subsection that are emblematic of the spouse of each such President.


huh? wtf?
 
2005-04-27 05:31:21 PM  
ArcadianRefugee [TotalFark
+ sales tax comes to $2.17, sir. So fork over $2.20 and have a nice day, you aren't getting change.


Note what I was quoting ;)

/tap tap tap, is my sarcasm tag broken?
 
2005-04-27 05:31:36 PM  
The Sac coins look great coming out the package, but quickly tarnish. They clean up nicely, but who does that?
 
2005-04-27 05:31:57 PM  
/P.S., I want my 1/10th of a cent back from buying gas.
 
2005-04-27 05:38:00 PM  
eddyatwork

Well, if you had RTFA you would know these aren't intended to be a dollar bill replacement but something for coin collectors and a money maker for the government. Now that I got that out of the way...

Reading the article, it sure sounds like they will be making a dollar coin for mass circulation.

However, I have also read that the treasury wants to mint a $1 gold coin for collectors.

So, right now I'm thinking that the treasury will be minting both normal coins for general circulation and 24k gold coins for collectors.
 
2005-04-27 05:45:00 PM  
vulgar_power: noes!!! keep dollar bills... every tried to put a coin in a garter or g string?


No, but up in Canada at the strip clubs the girls on stage play a game where the patrons 'toss the loonie or the toonie into the slot'. Never could hit the mark, but it was fun trying!

Somehow I figured they would adapt in some way...
 
2005-04-27 06:30:39 PM  
dsmo:

eddyatwork


Well, if you had RTFA you would know these aren't intended to be a dollar bill replacement but something for coin collectors and a money maker for the government. Now that I got that out of the way...

Reading the article, it sure sounds like they will be making a dollar coin for mass circulation.


They are for general circulation but, like the state quarters, I'm sure they're hoping that lots of people will save them, like the Susan B Anthony, so that they're taken out of cirulation and the treasury makes a nice profit.
 
2005-04-27 07:22:39 PM  
The $.99 policy started probably decades ago. I checked Snopes, nothing debunking it, so here comes the history.

Untrustworthy cashiers working with registers would pocket money from sales that amounted to whole dollar amounts instead of opening the register to deposit the money. Vendors changed prices to end in .99 so cashiers would be forced to open the registers for that penny and, consequently, end up putting the other money in the till.

Not exactly sure if it was terribly logical, but that's my story. It's an outdated practice. I toss my pennies in a jar or just leave them at the store most of the time.

Yes, I know these coins are targeted at collectors. IMHO, the way to get a dollar coin established in America would be to make all vending machines compatible with them. Since that's a government problem, not a vendor problem, it's not required of the vendors to mold themselves to the government. It'd be too expensive for Coke, Pepsi, etc. to retrofit every vending machine with a new coin-accepting mechanism. It's not like it'll hurt their sales too terribly much if they don't accept the coins, so they see that there's no point in it.
 
2005-04-27 07:29:45 PM  
Hmm...I was getting that from a poorly written article earlier. This seems to go into a little bit more detail about the bill:

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2005/04/27/national/​w​105055D7 9.DTL

So they are going to start minting a new 24k gold coin now too.
 
2005-04-27 09:33:52 PM  
We must imagine Sisyphus happy.
 
Ral
2005-04-27 09:34:01 PM  
*golf clap* for headline.
 
2005-04-27 09:35:55 PM  
Headline submitter owes me for a new monitor!
Nice jaerb!
 
Ral
2005-04-27 09:37:33 PM  
The only time I ever see dollar coins is when using Post Office stamp machines. That seems to be their primary medium. The Sacajawea dollar, in spite of the fact that it is in general circulation, has never passed through my hands except when I borrowed one from a friend for 10 seconds to look at it.
 
2005-04-27 09:38:52 PM  
They seem to only be used as change in stamp and train ticket machines. I get rid of them as soon as possible so I don't accidently hand one out as a quarter.
 
2005-04-27 09:39:01 PM  
We have $1 and $2 coins here. They're nice. And waste less trees.
 
2005-04-27 09:39:32 PM  
just don't try to use em at best buy. you might get handcuffed to a chair.
 
2005-04-27 09:39:57 PM  
It's about time!!!
 
2005-04-27 09:40:48 PM  
Canada is laughing at the silly Americans, again.
 
2005-04-27 09:41:48 PM  
i think they should issue the coins in reverse presidential order, so that way the older, and more important, presidents get their due and are the ones leaving a "legacy" through the coin program..

washington doesn't get as much credit as he deserves.
 
2005-04-27 09:42:20 PM  
vulgar_power [TotalFark]

noes!!! keep dollar bills... every tried to put a coin in a garter or g string?

Thats the good part, you gotta put it in the slot.
 
2005-04-27 09:42:33 PM  
They got rid of the penny in Australia several years ago, why can't they get rid of the farking penny here?
 
Ral
2005-04-27 09:43:10 PM  
MC Magic Cracker, that sounds like a pretty convoluted explanation for the $.99 custom. A simpler reason is that from an advertising perspective, $9.99 seems like a lot less money than $10.00.
 
2005-04-27 09:43:13 PM  
Ral: golf clap* for headline.
I'll second that. Good point submitter, just stop printing $1 bills and in a few months they'll all wear out and folk'll have to use the coins.
 
2005-04-27 09:44:46 PM  
They got rid of the penny in Australia several years ago, why can't they get rid of the farking penny here?

Will businesses ever willingly give up the 99-cents trick?
 
Displayed 50 of 242 comments

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report