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.
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.
Gonz: Look, here's the biggest problem with different colors for American paper money: Monopoly.We as a society have been indirectly taught for decades that a monetary system where bills are a different color is, well, fake money. We want everything to be the same shade as a greenback, or else it will somehow seem wrong to us. It's going to take us a couple more generations- at best- to get away from that.
Benevolent Misanthrope: 1. Stop printing dollar bills2. Mint enough dollar coins to replace them.3. DON'T MAKE THE FARKING DOLLAR COIN VIRTUALLY GODDAMN IDENTICAL TO THE QUARTER.4. Get rid of pennies and teach people to round.tl;dr - crib off of Canada
"There just isn't a demand for $1 coins."
I read somewhere that Canada just stopped printing dollar bills and started making dollar coins, leaving no one with a choice. It's not that there's a lack of demand, it's that people are lazy and avoid change. The Fed just needs to say your paper dollars are being converted to coins; good luck.Who cares if the old people have a hard time with it? Just get the younger generations to go along with it. Within 10 years it won't even be an issue.
Pelvic Splanchnic Ganglion: 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.
FunkOut: 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.
kd1s: 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.
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 $1.00If there's no competing paper $1, there will be no choice./might cause the $2 bill popularity to sky rocket in strip clubs
FunkOut: 12349876: Ditch....I've got an old British half-penny around here somewhere. It's so small and thin you could accidentally inhale it.
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.
wambu: The strippers don't enjoy having dollar coins thrown at them?
WorldCitizen: Maybe about the same time we catch up with the rest of the world and convert to metric?
meanmutton: 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.
John Buck 41: mutterfark: I don't give a damn about a greenback, a dollarWhich of the 3 are you?
Diogenes Teufelsdrockh: Redo the foundations of the metric system to base it on actual natural constants (preferably measured at decimalized points such as 1,000,000th or 1,000,000,000th of a second or some such vs. 299,792,458th of a second for the meter, second (perhaps) itself redefined in accordance to the new system, kilogram redone, etc) with inarguable scientific grounding first then there will be cause for seriously considering switching systems. Otherwise, it's just political BS.
AverageAmericanGuy: 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.
Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.
meanmutton: 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.
skinink: "There just isn't a demand for $1 coins."I read somewhere that Canada just stopped printing dollar bills and started making dollar coins, leaving no one with a choice. It's not that there's a lack of demand, it's that people are lazy and avoid change. The Fed just needs to say your paper dollars are being converted to coins; good luck.Who cares if the old people have a hard time with it? Just get the younger generations to go along with it. Within 10 years it won't even be an issue.
Gyrfalcon: Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.You just want to see them make change.Perv.
meanmutton: 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?
AverageAmericanGuy: Can anyone break a 10?[cache.virtualtourist.com image 644x483]
leadmetal: All this talk about getting rid of the smaller coins...When the real problem is that the dollar has been devalued.A 90% silver dime still buys more than a half a gallon of gasoline.Only the nickel retains its traditional composition and weight, and it's currently worth 5 cents for its metal value.The coins aren't the problem. The ease of creating digital money and printing paper money is.
nytmare: It's not the people's choice whether we use coins or bills, because our money comes from ATMs which hand out only $20s. All of our change comes from retailers. Maybe a retailer would like to explain why they are not handing out $1 coins?
lumiere: Never understood why they can't produce better quality bills, like Australian dollar bills. Those suckers are virtually indestructible and they have a super cool window too...
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