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(WGAL 8)   While there is a push to kill the $1 bill and fully replace it with the $1 coin, it will never happen. The fact is people hate change   (wgal.com) divider line 221
    More: Unlikely, Government Accountability Office, U.S. Mint  
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4137 clicks; posted to Main » on 28 Nov 2012 at 9:46 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



221 Comments   (+0 »)
   
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2012-11-28 08:42:49 PM  
Just wait until the $2 coin comes out.
 
2012-11-28 08:51:11 PM  
No shiat. Why do you think we keep on electing the same damn fools in Washington? D and R got us by the balls
 
2012-11-28 09:17:05 PM  
You'd get over it.

/Canada
 
2012-11-28 09:25:37 PM  
Maybe about the same time we catch up with the rest of the world and convert to metric?
 
2012-11-28 09:32:21 PM  
This would cause one of two things:

Stripper money inflation

or

Increase in circular skin impressions in the shape of said dollar coins on stripper skin
 
2012-11-28 09:48:21 PM  
I freaking hate coins. Bills stack nicely in my wallet. Coins do not.
 
2012-11-28 09:48:28 PM  
never forget...
www.coinfacts.com
 
2012-11-28 09:48:41 PM  

unyon: You'd get over it.

/Canada


Except when the new ones won't work in the vending machine ARRRRRGH.

Coke insists the Queen look young and not shiny.
 
2012-11-28 09:49:38 PM  
That makes cents.
 
2012-11-28 09:49:53 PM  
Bravo, subby.
 
2012-11-28 09:50:11 PM  
WHY DOES THE GOVERNMENT HATE SINGLE MOTHERS??

I support them $1 at a time.
 
2012-11-28 09:50:18 PM  
Its worth doesn't change, so what's the big deal?
 
2012-11-28 09:50:21 PM  
How about we switch back to real greenbacks and not this crappy Monopoly money first?
 
2012-11-28 09:50:34 PM  
Why would you want money made out of valueless metals when you can have highly valuable paper? It's a well known fact American currency is backed by stacks of the world's finest paper stored in Fort Knox.
 
2012-11-28 09:50:41 PM  
golf clap subby.
 
2012-11-28 09:51:23 PM  

Toshiro Mifune's Letter Opener: Just wait until the $2 coin comes out.


We already had that, with both the Susan B Anthony, and then the Sack of Jawea. This isn't a new thing.
 
2012-11-28 09:51:39 PM  
I try to keep dollar coins around for pizza tips.
 
2012-11-28 09:52:08 PM  
From TFA: "As of May, the Fed had amassed $1.4 billion in $1 coins in its vaults because demand for the coins remains weak."

Anyone else feel a sudden urge to assemble a team of top-notch guys and form an insanely convoluted plan to nab the coins in a way the Fed will least expect?
 
2012-11-28 09:52:15 PM  

WorldCitizen: Maybe about the same time we catch up with the rest of the world and convert to metric?


Oh, so 1866?

Link
 
2012-11-28 09:52:44 PM  

AverageAmericanGuy: How about we switch back to real greenbacks and not this crappy Monopoly money first?


You folks sure are superstitious about your money always looking the same.
 
2012-11-28 09:53:05 PM  

AverageAmericanGuy: How about we switch back to real greenbacks and not this crappy Monopoly money first?


Because a mongoloid to counterfeit them.
 
2012-11-28 09:53:16 PM  
the stripper industry is heavily lobbying against the coin.
 
2012-11-28 09:53:32 PM  
All they have to do is bring back the silver peace dollar coin minted in 90% silver and the same weight as the original. I'll gladly take every single one I can get my paws on at face value.
 
2012-11-28 09:53:50 PM  

DanInKansas: From TFA: "As of May, the Fed had amassed $1.4 billion in $1 coins in its vaults because demand for the coins remains weak."

Anyone else feel a sudden urge to assemble a team of top-notch guys and form an insanely convoluted plan to nab the coins in a way the Fed will least expect?


Umm.. stop printing the dollar bill and the demand is going to skyrocket.
 
2012-11-28 09:53:50 PM  
Fact of the matter isn't that people hate change, it's that people hate non-quarter like change.

Every place I go to for the most part where their prices end in or relatively close to x.25/x.50/x.75 the tip jars are close to empty. Compared to places where your change gives you 39 cents or 88 cents it's crazy. I can't count the amount of times where people plan to buy things with cash in their hand, but the moment the register brings up a price with a weird combination of coins they immediately put the cash away and pay with debit/credit.
 
2012-11-28 09:54:11 PM  
Look, if anyone gave me $1 coins as change, I would be happy to use them
 
2012-11-28 09:54:42 PM  
How about we move the $1 production from the DC BEP facility where it costs $1.06 to produce a bill to the Dallas facility where it costs $0.79?
 
2012-11-28 09:54:48 PM  

unyon: You'd get over it.

/Canada


We will not damnit!
You don't be telling us what we will and what we won't be gettin over, it

But please keep making beer for us
Thank you
 
2012-11-28 09:54:57 PM  
If they'd mint the coins and then KEEP MINTING THEM, people might actually start to use them. I think I've seen MAYBE two of the Washington dollar coins, and less than a dozen Sacajawea dollar coins. I would use them if they worked in vending machines and I ever actually got my hands on a few.
 
2012-11-28 09:54:58 PM  

Dow Jones and the Temple of Doom: Toshiro Mifune's Letter Opener: Just wait until the $2 coin comes out.

We already had that, with both the Susan B Anthony, and then the Sack of Jawea. This isn't a new thing.


I tried to buy ice cream in small town Washington state with a Sacajawea dollar one time. "Sorry, I can't take this Canadian money, " sniffed the cashier. "This is American money," I said, "In fact, it was issued from a Wal-Mart in Tulsa." The woman looked very confused.
 
2012-11-28 09:55:16 PM  
I don't really care one way or another as I don't carry cash very often. But the lack of vending machines and/or parking meters that accept them is a real drawback. I've even come across a parking booth that distributes them as change but does not accept them as payment.
 
2012-11-28 09:56:11 PM  
What I'd like to see:

Eliminate our existing coins, round everything to the nearest 10 cents. Have a 10 cent, 20 cent, and 50 cent coin.

Eliminate dollar and two dollar bills, replace them with coins.

Have the ATM give me $50s. Honestly, they've been spitting out $20s for what, 20 years now? Longer? It's about time they started giving us real money.
 
2012-11-28 09:57:11 PM  

WorldCitizen: Maybe about the same time we catch up with the rest of the world and convert to metric?


I don't think I could handle metric dollars!
 
2012-11-28 09:57:29 PM  
Let's get rid of the farking penny while we're at it. Will never happen

//Go Metric!
//Both fail for the same reason, "teh big gubmint takin' my rights away!"
 
2012-11-28 09:57:40 PM  

Toshiro Mifune's Letter Opener: Just wait until the $2 coin comes out.


Just don't try using one at Taco Bell.
 
2012-11-28 09:57:46 PM  
Ditch the penny and nickel too and you wouldn't have to worry about dealing with more coins. When the USA ditched the half penny shortly after the Civil War, it had more purchasing power than a dime today.
 
2012-11-28 09:58:16 PM  
I don't give a damn about a greenback, a dollar
 
2012-11-28 09:58:49 PM  
$1 bills are ridiculous at this point. They wear out in three years and every other major currency has singles as coins. Kill the penny, mint the dollar, save some money.

If you think killing Big Bird will solve the federal deficit, you should be all over dollar coins.
 
2012-11-28 09:59:24 PM  

FunkOut: Why would you want money made out of valueless metals when you can have highly valuable paper? It's a well known fact American currency is backed by stacks of the world's finest paper stored in Fort Knox.


Shhhhhhh! Secret! Paper not stored in Fort Knox. Paper stored in warehouse!
 
2012-11-28 09:59:35 PM  
Why all the talk of saving money by minting $1 coins? They cost six times as much to mint, and last about six times as long. It's a wash.
 
2012-11-28 09:59:47 PM  

xelnia: WorldCitizen: Maybe about the same time we catch up with the rest of the world and convert to metric?

I don't think I could handle metric dollars!


Think of how bad the UK had their money before decimalization -- the pound was divided into 20 shillings and each shilling into 12 pence, each penny was 4 farthings. WTF was that?
 
2012-11-28 10:00:05 PM  

12349876: Ditch the penny and nickel too and you wouldn't have to worry about dealing with more coins. When the USA ditched the half penny shortly after the Civil War, it had more purchasing power than a dime today.


I've got an old British half-penny around here somewhere. It's so small and thin you could accidentally inhale it.
 
2012-11-28 10:00:22 PM  

TheBeastOfYuccaFlats: This would cause one of two things:

Stripper money inflation

or

Increase in circular skin impressions in the shape of said dollar coins on stripper skin


They already have coin slots!
 
2012-11-28 10:00:31 PM  

meanmutton: DanInKansas: From TFA: "As of May, the Fed had amassed $1.4 billion in $1 coins in its vaults because demand for the coins remains weak."

Anyone else feel a sudden urge to assemble a team of top-notch guys and form an insanely convoluted plan to nab the coins in a way the Fed will least expect?

Umm.. stop printing the dollar bill and the demand is going to skyrocket.


This times $1.00

If there's no competing paper $1, there will be no choice.

/might cause the $2 bill popularity to sky rocket in strip clubs
 
2012-11-28 10:01:24 PM  

cman: No shiat. Why do you think we keep on electing the same damn fools in Washington? D and R got us by the balls


If the Dr is grabbing your balls, he's probably just checking for tumors.
 
2012-11-28 10:01:29 PM  
TheBeastOfYuccaFlats
This would cause one of two things:

Stripper money inflation

or

Increase in circular skin impressions in the shape of said dollar coins on stripper skin


Or clubs issuing and accepting their own bills like gambling chips at a casino.
This would also allow them to screw over both customers and strippers by charging a percentage for changing their in-house monopoly money back into real money.
 
2012-11-28 10:01:33 PM  
Try using one of those dollar coins at a Taco Bell.
 
2012-11-28 10:01:51 PM  

LegacyDL: Fact of the matter isn't that people hate change, it's that people hate non-quarter like change.

Every place I go to for the most part where their prices end in or relatively close to x.25/x.50/x.75 the tip jars are close to empty. Compared to places where your change gives you 39 cents or 88 cents it's crazy. I can't count the amount of times where people plan to buy things with cash in their hand, but the moment the register brings up a price with a weird combination of coins they immediately put the cash away and pay with debit/credit.


Math is hard.
 
2012-11-28 10:02:03 PM  

Katie98_KT: Look, if anyone gave me $1 coins as change, I would be happy to use them


Portland's public transit (MAX) ticket machines give nothing but dollar coins as change. Or at least they used to, it's been a long time since I rode one.
 
2012-11-28 10:02:11 PM  

tenton: meanmutton: DanInKansas: From TFA: "As of May, the Fed had amassed $1.4 billion in $1 coins in its vaults because demand for the coins remains weak."

Anyone else feel a sudden urge to assemble a team of top-notch guys and form an insanely convoluted plan to nab the coins in a way the Fed will least expect?

Umm.. stop printing the dollar bill and the demand is going to skyrocket.

This times $1.00

If there's no competing paper $1, there will be no choice.

/might cause the $2 bill popularity to sky rocket in strip clubs


Do people still actually tip strippers with dollar bills? Where I live (metro Detroit), you basically just pay for "private dances" which, depending on the club, usually prove Chris Rock wrong.

/so I've heard.
 
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