gerrymander: jdbob: Just got back from New Zealand. Coins are 0.10, 0.20, 0.50, 1.00, and 2.00. Bills are $5, $10, $20, $50, $100, etc. They rationalized their currency a number of years back. Not expecting anything rational in the U.S., it's un-american.Rational would imply using bills for the $1 and $2 denominations -- paper for the left of the decimal, coins for the right.
TheBeastOfYuccaFlats: This would cause one of two things:Stripper money inflationorIncrease in circular skin impressions in the shape of said dollar coins on stripper skin
AverageAmericanGuy: Can anyone break a 10?[cache.virtualtourist.com image 644x483]
yukichigai: wambu: The strippers don't enjoy having dollar coins thrown at them?Bit too reminiscent of how they'd be treated in a fundamentalist Islamic country.On the other side of things, I could see a one-hour video of something like that coming out of Japan.
Diogenes Teufelsdrockh: WorldCitizen: Maybe about the same time we catch up with the rest of the world and convert to metric?I'm all for switching to metric, but only after the rest of the world changes the metric system to something based on actual physical constants. Meter based on how far light travels in 299,792,458th of a second, chosen to fit a prototype based on a geographic mismeasure? Kilogram based on an old artifact of questionable accuracy that itself was based on a not-so-accurate measure of a liter of Viennese seawater centuries ago rather than on an actual natural constant like experts want? Fark that noise. Might as well base a measurement system on the size and mass of cereal grains and use that...oh wait, we already are.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.
petec: I'm not sure but isn't metric volume and weight based on water? I seem to remember that a 1g of water = 1 ml, that's a pretty natural constant .. and the meter, while now based on the speed of light for some time period (to maximize accuracy), originally was based on divisions of longitude.
UseTheForksLuke: So it costs about eight times as much to ship the coins instead of the bills.Where is the savings?
Lawnchair: A, it doesn't necessarily cost eight times as much to ship. Volume plays some role in that cost, not just weight.And B, pennies and dimes are virtually *never* going back to the Federal Reserve banks. They float around within 10 or 15 miles most of the time. The bills are getting shipped back to DC or Fort Worth and out again every 4-5 years (as they are declared unfit and new printings are released). It's that shipping and handling that adds up.
UseTheForksLuke: A Dollar Coin Lifespan of 30 years and cost 30 cents to produce = 1 cent cost per yearA Dollar Bill Lifespan 4.7 years cost 5 cents each to produce = 1.06 (apx.) cent cost per yearWeight of a One Dollar Bill = 1.0 gramWeight of a One Dollar Coin = 8.1 gramSo it costs about eight times as much to ship the coins instead of the bills.Where is the savings?I have also noticed a trend that vending machines no longer accept either coins nor bills;just credit / debit cards. Credit card transaction cost?
pdieten: Where do you get the idea that dollar bills last for almost five years? Most reports are that they last between one and two years in circulation.
JamesBenjamin: Also: the "vending machine" argument is also BS. All (new) vending machines have been required by law to accept $1 coins for at least 20 years. Any where they don't work but the slots are big enough have it turned off (or blocked on the inside by choice). Any super old machines with smaller slots can just be upgraded (mostly nowadays these are really old parking meters or "vintage" soda machines). It's like a $20 part.
Acharne: Everything you typed is likely untrue. Most of it is definitely only opinion. Some of it is just pretty silly.
glassgnome: Please see the comments below and above yours. Namely, fark coins, fark coins, oh, and also fark coins. Just try passing a golden dollar off on anyone if you work a retail register - I dare you. The looks of apprehension and disgust will make you think you just shat yourself. Maybe a few people in this thread are all "oooh! new currency that's both shiny and durable! how COOL!" but not a single person in my experience has ever wanted one over something they could stuff in with the rest of their real money.
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