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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 223
    More: Unlikely, Government Accountability Office, U.S. Mint  
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4135 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»



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2012-11-28 10:02:31 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?


i92.photobucket.com 

I'll get the dump trucks
 
2012-11-28 10:04:27 PM
Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.
 
2012-11-28 10:05:30 PM
Get out and take your Sacajawea dollars whicha!
 
2012-11-28 10:06:09 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?


Sure, I'll dig up the trucks needed to haul away the 14,500 tons of coin. That's only 362 truck loads if we leave them a little change. Something tells me they might notice.
 
2012-11-28 10:06:25 PM
Those of you who want to keep the dollar bill should never travel to any European country. You'd see their currency, and the trauma would cause you to collapse in a puddle of your own pee. I like the coins better, because there's less issues of the coins jamming upa machine as opposed to the paper money, and it's not a big deal carrying around coins.
 
2012-11-28 10:06:41 PM

whatshisname: You don't even have $2 bills so the singles add up quickly.


unethicalblogger.com
 
2012-11-28 10:08:13 PM
Who is pushing this idea besides the vending industry?
 
2012-11-28 10:08:34 PM

skinink: Those of you who want to keep the dollar bill should never travel to any European country. You'd see their currency, and the trauma would cause you to collapse in a puddle of your own pee. I like the coins better, because there's less issues of the coins jamming upa machine as opposed to the paper money, and it's not a big deal carrying around coins.


Euros would be nicer if they were a consistent size -- the larger notes are too damn big (physically large, that is).
 
2012-11-28 10:08:39 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.


Fiat moneys make the Richie Rich richer and Goldielocks eaten by bears.
 
2012-11-28 10:08:48 PM

This About That: Who is pushing this idea besides the vending industry?


Nearly everyone in this thread other than you...
 
2012-11-28 10:09:17 PM
The strippers don't enjoy having dollar coins thrown at them?
 
2012-11-28 10:09:19 PM

jshine: whatshisname: You don't even have $2 bills so the singles add up quickly.

[unethicalblogger.com image 500x211]


Tried to use one of those in Utah in about 1978 and the cashier jumped back like it was a rattlesnake. She took it but set it aside in some special pile for "weird money" like it was covered in Ebola or something.
 
2012-11-28 10:09:26 PM

Tommy Moo: 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.


Coins last, on average, 30 years. Bills last 3. That's a 10x difference. Plus, it's easier for change machines and vending machines to handle coins than paper. Another savings.
 
2012-11-28 10:09:36 PM
There are advantages to using coins in certain places...

api.ning.com
/There is a limited number of places they can keep them
//Window seat please
 
2012-11-28 10:09:53 PM

whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.


Eh, with our bills all you have to do is look at a corner to see what the denomination is. With Canadian and certain European bills, you have to rely on the shape, color, and artistry on the bill to figure it out. It's like, ok, I want to buy a coffee, will that cost the postcard-sized pink bill with a griffon on it, or the playing-card sized blue bill with what looks to be Geraldo Rivera's face on it?
 
2012-11-28 10:10:52 PM

whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.


You don't keep the cash in your wallet in order? I never understood how people had trouble with American money, what with the giant numerals printed all over it. It's odd to me that people have less trouble remembering the value of pink versus yellow versus blue than remembering the value of 5 versus 10 versus 20.
 
2012-11-28 10:11:11 PM
The only places you find $1 coins are in rest stops along the interstates...that and collector editions.
 
2012-11-28 10:11:25 PM

AverageAmericanGuy: How about we switch back to real greenbacks


arsenally.com

Approves of this idea.
 
2012-11-28 10:11:25 PM
A savings of $4.4 billion over 30 years? 30 YEARS? Talk about a drop in the bucket.

We are so f**ked. Our 'leaders' are number than pounded thumbs.
 
2012-11-28 10:11:55 PM
Dear America,

Sort out your farking bills in terms of size, design and colour.

Thank You, you bunch of lazy coonts.

Regards,

Some Furriner.
 
2012-11-28 10:13:04 PM

Dow Jones and the Temple of Doom: whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.

Eh, with our bills all you have to do is look at a corner to see what the denomination is. With Canadian and certain European bills, you have to rely on the shape, color, and artistry on the bill to figure it out. It's like, ok, I want to buy a coffee, will that cost the postcard-sized pink bill with a griffon on it, or the playing-card sized blue bill with what looks to be Geraldo Rivera's face on it?



It's important to make the high value notes big, so you can see at a distance how rich the person is when he whips it out. When a guy pulls what looks like sheet of gaudily-printed typing paper out of his wallet, you know that guy's loaded.
 
2012-11-28 10:13:06 PM

encyclopediaplushuman: The only places you find $1 coins are in rest stops along the interstates...that and collector editions.


They take $1 coins? I've been paying with fivers for years!
 
2012-11-28 10:13:38 PM
The Susan B. Anthony dollars were too much like quarters, but the Sacageweas are pretty good. I don't mind $1 coins a bit.
 
2012-11-28 10:13:41 PM

GungFu: Dear America,

Sort out your farking bills in terms of size, design and colour.

Thank You, you bunch of lazy coonts.

Regards,

Some Furriner.


Honestly,l can deal with different colors if there's a compelling reason but I don't understand at ALL the different size thing. HATE it. I want everything to stack up nice and neatly.
 
2012-11-28 10:14:04 PM
The problem with the U.S. $1 Coin is, it is very very similar in size, weight, and thickness to a quarter-dollar coin. When you're sorting your change, you don't want to have to carefully check your quarters to make sure they're not actually dollars. All they have to do is change the size and thickness of the $1 coin, and people would adopt it.

It doesn't even matter that we don't use a proper Metric progression (we should have a 2c coin and a 20c coin instead of the quarter). The killer is the similarity in size, thickness, and weight between a quarter-dollar coin and a dollar coin.
 
2012-11-28 10:14:24 PM

meanmutton: I don't understand at ALL the different size thing.


It helps blind people by allowing them to know denominations by touch.
 
2012-11-28 10:14:54 PM

mutterfark: I don't give a damn about a greenback, a dollar


Which of the 3 are you?
 
2012-11-28 10:15:43 PM

Pokey.Clyde: 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!


Ding ding ding
We have a winner!
 
2012-11-28 10:15:43 PM
Comsamvimes: I freaking hate coins. Bills stack nicely in my wallet. Coins do not.

There is the size, but you're also forgetting another physical parameter.

1) Go to store

2) Buy a $2.25 item using a $20 bill (because that's what ATM machine machine machine machines spit out)

3) Sorry, I'm out of $5's and $10's, do you mind if I give you 17 ...

$1 bills? (1 gram * 17 => 17 grams)

$1 coins? (8.1 grams * 17 => 137.7 grams) == (1/3rd of a pound)

$ coins are way heavier than dollars. You would need $151 in $1 bills to hit 1/3rd of a pound.

// and don't forget your three quarters
 
2012-11-28 10:15:49 PM

GungFu: Dear America,

Sort out your farking bills in terms of size, design and colour.

Thank You, you bunch of lazy coonts.

Regards,

Some Furriner.


OK, You play poker with different sized playing cards, it'll be a Hoot!
 
2012-11-28 10:16:30 PM

whatshisname: jshine: whatshisname: You don't even have $2 bills so the singles add up quickly.

[unethicalblogger.com image 500x211]

Tried to use one of those in Utah in about 1978 and the cashier jumped back like it was a rattlesnake. She took it but set it aside in some special pile for "weird money" like it was covered in Ebola or something.


Sounds like that cashier was retarded.
 
2012-11-28 10:16:55 PM

AverageAmericanGuy: meanmutton: I don't understand at ALL the different size thing.

It helps blind people by allowing them to know denominations by touch.


There are more subtle ways to achieve that. Cut off the corners or put holes in the notes or something.
 
2012-11-28 10:17:01 PM

Dow Jones and the Temple of Doom: whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.

Eh, with our bills all you have to do is look at a corner to see what the denomination is. With Canadian and certain European bills, you have to rely on the shape, color, and artistry on the bill to figure it out. It's like, ok, I want to buy a coffee, will that cost the postcard-sized pink bill with a griffon on it, or the playing-card sized blue bill with what looks to be Geraldo Rivera's face on it?


Interesting... I just looked at the bills in my wallet, and oddly, every bill was the same size, and had the denomination on the corner, so we must be talking about another Canada.

My main issue with the coins for smaller denominations is that I empty my pocket into a coin bin when I get home, and with $1 and $2 coins, that means said bin can be holding a lot of cash without me noticing.

(Worst instance was dragging over $1400 in rolled coins to the bank, and having to explain where it came from...)
 
2012-11-28 10:17:02 PM

HumanBeingsSuck: The problem with the U.S. $1 Coin is, it is very very similar in size, weight, and thickness to a quarter-dollar coin. When you're sorting your change, you don't want to have to carefully check your quarters to make sure they're not actually dollars. All they have to do is change the size and thickness of the $1 coin, and people would adopt it.

It doesn't even matter that we don't use a proper Metric progression (we should have a 2c coin and a 20c coin instead of the quarter). The killer is the similarity in size, thickness, and weight between a quarter-dollar coin and a dollar coin.


US dollar coin: 26.50 mm x 2.00 mm x 8.10 g
US quarter: 24.26 mm x 1.75 mm x 5.67 g

Seems pretty different to me. Plus, the edges feel quite different.
 
2012-11-28 10:18:04 PM

Dow Jones and the Temple of Doom: We already had that, with both the Susan B Anthony, and then the Sack of Jawea.


img3.etsystatic.com
 
2012-11-28 10:18:10 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.


"Get out and take your Sacagawea dollars with you!"
 
2012-11-28 10:18:40 PM

AverageAmericanGuy: meanmutton: I don't understand at ALL the different size thing.

It helps blind people by allowing them to know denominations by touch.


If that's really your concern, give them a different tactile feature. Lots of different ways to deal with it without making my wallet all messed up.
 
2012-11-28 10:19:30 PM
Here's something to think about:

A coin costs 30 cents to produce, paper money 5 cents.

Coin lasts 30 years. Paper money 4.7 years, let's round it up to 5 years.

There are six 5 year periods in 30 years. 6x5 = 30. So 30 cents either way. Now if we go for precision:

30/4.7 = 6.4 times 5 cents = 32 cents. 2 cents! No matter how you dice it, cost wise there's not a hell of a big difference.
 
2012-11-28 10:20:15 PM

meanmutton: Nearly everyone in this thread other than you...


I meant out there in reality.
 
2012-11-28 10:21:27 PM

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


Except Americans are both crazy and a democracy. Bombing random countries is ok but mess with tradition and you will be voted out of office. No politician will support cutting the dollar bill and many will stand against it.

There's no reason to change it and the money that will be saved is a ridiculously small amount of cash to the US government. $4.4b over 30 years? The US government wastes more than that in a week.

/Also I like paper money. Just because.
 
2012-11-28 10:23:18 PM
Everyone is ignoring the most basic issue. Cash registers.
Until cash registers have a place to put a dollar coin, they won't survive in the brick and mortar world.
 
2012-11-28 10:25:06 PM

unyon: You'd get over it.

/Canada


I personally love the loonies and toonies. I can have a pocket opf change, and think it's 5 bucks, then WHAM you see a few toonies, and now you have ten or fifteen
 
2012-11-28 10:25:16 PM

To The Escape Zeppelin!: Except Americans are both crazy and a democracy. Bombing random countries is ok but mess with tradition and you will be voted out of office. No politician will support cutting the dollar bill and many will stand against it.


You'll get over it.

www.mint.ca
 
2012-11-28 10:25:21 PM

whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.


We have $2 bills. No one uses them.

There just isn't a demand for $1 coins. They've tried; it didn't work. Maybe if they made it cool like the £1 coin...but still, I doubt it. We're stubborn biatches.
 
2012-11-28 10:26:34 PM
How about getting rid of the goddamn pennies first?
 
2012-11-28 10:27:27 PM

Shenanigans!: whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly. And then there's the fact that all your bills look pretty much the same so trying to find a $20 in the middle of a wad of $US is more difficult than it should be. The hint of colour they've added to bills is nice.

We have $2 bills. No one uses them.

There just isn't a demand for $1 coins. They've tried; it didn't work. Maybe if they made it cool like the £1 coin...but still, I doubt it. We're stubborn biatches.


I hear Taco Bell likes them.
 
2012-11-28 10:27:51 PM
I'm not really interested in dollar coins unless they are roughly 2.6" by 6.1" and hinged in the middle. But you trifold wallet farkers would have problems with that.
 
2012-11-28 10:28:19 PM

meanmutton: 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?


You can do that much division when you start with a pound of silver.

whatshisname: Traveling in the states, I'm always amazed at how thick my wallet gets with $1 bills. You don't even have $2 bills so the singles add up quickly.


There are $2, they just aren't circulated much.
I liked the the German 5 mark coin myself.. was good for buying beer.
 
2012-11-28 10:29:34 PM

Just_a_Bear: Everyone is ignoring the most basic issue. Cash registers.
Until cash registers have a place to put a dollar coin, they won't survive in the brick and mortar world.


1) Most cash registers have five spots for coins (penny, nickle, dime, quarter, plus one)
2) Eliminate the penny at the same time and you have an extra spot.
 
2012-11-28 10:29:42 PM

Shenanigans!: Maybe if they made it cool like the £1 coin...but still, I doubt it.


Not if they try to emulate the weight. The quid is a heavy coin.

Do not want.
 
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