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.

(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
    More: Unlikely, Government Accountability Office, U.S. Mint  
•       •       •

4151 clicks; posted to Main » on 28 Nov 2012 at 9:46 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



223 Comments   (+0 »)
View Voting Results: Smartest and Funniest

Archived thread
 
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.
 
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.
 
2012-11-28 10:31:34 PM  
1. Stop printing dollar bills

2. 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
 
2012-11-28 10:31:36 PM  
Can anyone break a 10?
cache.virtualtourist.com
 
2012-11-28 10:34:58 PM  
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.
 
2012-11-28 10:36:02 PM  
Will there still be a cost reduction once the metals used for the coin increase in price due to the increased demand?
 
2012-11-28 10:36:32 PM  
Why is this even a farking debate. Do it or don't, Stop pennies, stop printing $ bills, mint $ coins the size difference between half dollars and quarters. Why do these FARKS have to make shiat difficult?
 
2012-11-28 10:36:43 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.


A Sack of Yahweh? What's it worth, 30 pieces of silver?

/yeah I know it's a stretch, shut up.
 
2012-11-28 10:37:07 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.


There's a good reason I say you're wrong on that, even though it's obviously a subjective matter.

That is... the US brass dollar coin is the exact same size/thickness as the Canadian loonie dollar coin (the US version weighs a tiny bit more). You generally can use US brass dollars in Canadian vending machines, and I've even found them in rolls of loonies.

Exactly not a single person in Canada has said, in about 20 years, "this coin is just too much like a quarter". Not the drunkest blind drunk on George Street gets his loonies and quarters mixed up.

Susan B Anthonies? Fine. Sacagawea/Presidents? Are you saying the Canadians are just smarter than we are?
 
2012-11-28 10:38:06 PM  

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.


This!

That's why the slight color differences in the current version of bills.
 
2012-11-28 10:39:13 PM  

Benevolent Misanthrope: 1. Stop printing dollar bills

2. 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


Aye to 1 & 4. #2 we've already got taken care of... you have to think that's *why* we've got a billion of them stockpiled. As for #3? Our dollar coin is already virtually goddamn identical to the Canadian dollar coin. And they don't have a problem.
 
2012-11-28 10:44:53 PM  
i.chzbgr.com
 
2012-11-28 10:48:09 PM  

"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.

 
2012-11-28 10:48:30 PM  

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.


They did keep minting them....there are billions of dollar coins in bank vaults around the country. In 2007 alone, nearly a billion were minted. Thing is, there is no demand for them because they stupidly left dollar bills in circulation. And pennies, which, admittedly, is a somewhat unrelated matter...but it's still stupid. And a huge farking waste of money.
 
2012-11-28 10:51:15 PM  

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.


Look up the U.S. three-cent coin, or "trime," from the 1850s. You could snort it, if you were into that kind of thing. Your thumbnail is bigger.
 
2012-11-28 10:51:40 PM  

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.


You sure it's an old halfpenny? Those were about an inch across. We used to use them as counters in board games when we'd lost the real pieces.

It doesn't take long for people to get used to the idea - we've gone through decimilisation, loss of half pence, new (smaller) 5 pence, introduction of 20 pence, pound coins, 2 pound coins, different designs of coins and notes... it's amazing how quickly people adapt. When you take into account paying parking meters by credit card, vending machines that take cards, using your phone to pay for parking, there's no real reason to cling on to notes.
 
2012-11-28 10:51:58 PM  
Jesus Cripes, just stop printing the $1 bills already. If they want to switch to coins, just farking do it already. I read this same article every 2 or 3 years I swear.

Also, I have to wonder about people whose first thought is won't someone think of the strippers? LOL. But seriously, the vending machine companies and cash register manufacturers will adjust.
 
2012-11-28 10:52:33 PM  
Ok, so we do this, piss lots of people off, and we save a measly 4 Billion dollars?

fark, the Pentagon blows that in about a month. Start looking there first, asshole.
 
2012-11-28 10:52:54 PM  

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.


You must not have seen my post above, a bill costs 79 cents to $1.06 depending on which branch of the BEP is printing it.

I used to work at the BEP, every month they'd send out a newsletter to the employees tracking how much they were spending per bill.
 
2012-11-28 10:53:50 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


I think with the inflation over the last decade alone those girls deserve a 100% increase in minimum leg-bill-slippage denominations.

It'd also be an excuse to print more $2 bills, which is cool. Not too too many, but still.
 
2012-11-28 10:55:00 PM  
I think we should start printing mills

1/10 of a cent.

that's right.

I said it. I am brave. And I'm not wearing any pants
 
2012-11-28 10:59:22 PM  

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.


I've just realised you mean a new half penny - to a British person an old half penny is one of the pre-decimal ones, a new half penny was one of the little ones that were about 1cm across and are also no longer used... sorry for misunderstanding.
 
2012-11-28 10:59:45 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.


What is an upa machine?
 
2012-11-28 11:01:23 PM  

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.
 
2012-11-28 11:03:14 PM  
Yeah as long as they don't make them exactly like a quarter. The problem I've always had with dollar coins is when I reach in to my pocket I need to be able to easily tell the difference between all the currency. So far the dollar coins and quarters have been far too similar. Make it pentagonal or hexagonal or a little bit thicker like the pound just not anywhere near a quarter dime nickle or penny.
 
2012-11-28 11:03:28 PM  
I have a pile of these things sitting in a cup on my dresser...I kind of just forget to use them. My father thought it would be "funny" to give me a pile of them as part of a gift. Carrying coins in my pocket all the time is just too inconvenient, and most mens wallets are not designed to accommodate coins. .. Maybe I'll use them at the automatic car wash eventually if I remember them, but even there, I can just use a credit card...
/Used some at the gas station one time and the clerk looked over them for almost 5 minutes
 
2012-11-28 11:04:25 PM  

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.
 
2012-11-28 11:04:45 PM  
What will strippers do...OOOOHHHH coin slot.
 
2012-11-28 11:11:41 PM  
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.
 
2012-11-28 11:14:44 PM  

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.


I'm going one step further. Mint two coins, a less than 50 cent coin,and a greater than 50 cent coin. Your total is $5.88? That's a fiver and greater than 50 cent coin. Your total is $5.12? That's a fiver and less than 50 cent coin. In either case you only need a few coins to make correct change for purchases.

If you turn them into the bank you get 25 or 75 cents for each.

Businesses would likely make prices end in 01 or 51 and smarter people than me would have to figure out the details but heck...I hate hate hate carrying change around except the one time every four years that I turn in $400 in coins to the bank.
 
2012-11-28 11:21:48 PM  

John Buck 41: mutterfark: I don't give a damn about a greenback, a dollar

Which of the 3 are you?


The one driving Geronimo's Caddilac
 
2012-11-28 11:21:54 PM  

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.


It is all arbitrary, as is the use of "10" (i.e., base "10") as we know it. If we're bothering with a 'universal' measure, we'd start with binary. Or, if we're counting fingers, using only the eight (ignoring the thumbs) is at least a derived system from binary.

Or, we could say "90% of the world doing it one way equals a majority... sometimes we're on the losing side of such things".
 
2012-11-28 11:22:29 PM  
I LOVED the coins in Europe.

In America I reach into my pocket and I'm lucky if I can buy a stick of gum. I actually took a huge cup full of change (mostly pennies) to walmart and dumped it into the self checkout coin counter. A whopping $3.xx.

Meanwhile I have what feels like a few pennies and maybe a few quarters in my pocket in Europe. I have enough for a beer and maybe a brat.
 
2012-11-28 11:23:31 PM  

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.


True, it's a thick little thing. Doesn't resemble a quarter though, so it's got that going for it.
 
2012-11-28 11:24:41 PM  

Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.


You just want to see them make change.

Perv.
 
2012-11-28 11:25:10 PM  

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.


-THIS-

this is exactly what they do in New Zealand and its completely farking golden.

there is no reason for a penny anymore. when they bought something it made sense. coins were for daily purchases. you didn't even reach for actual paper notes unless you were buying something serious. now you have to use more than one paper note to buy a farking soft drink. Coins should be $1, $2 and $5. $5 and $10 paper notes should be where they start.
our coins were laid out nearly two centuries ago, when a penny would actually buy items all by itself. money just doesn't work the same way, time to get with the program.
 
2012-11-28 11:25:46 PM  

John Buck 41: mutterfark: I don't give a damn about a greenback, a dollar

Which of the 3 are you?


The one with a bottle of brandy and a song:D
 
2012-11-28 11:27:24 PM  

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.


We're lazy and avoid change because liberty! LIBERTYYYYYY!!
 
2012-11-28 11:33:57 PM  
I'm guessing that a forced change to a $1 coin could actually be the deciding factor in an election. Seems silly, but hey, you elected George Bush twice.
 
2012-11-28 11:34:34 PM  
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...

pbs.twimg.com
 
2012-11-28 11:36:27 PM  

Gyrfalcon: Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.

You just want to see them make change.

Perv.


is that a bad thing?
 
2012-11-28 11:37:51 PM  
Want to save money at the mint? Abolish the damn penny. Much as I admire Abraham Lincoln, any pennies I find in my pockets at the end of the day go straight into the trash.
 
2012-11-28 11:40:41 PM  
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?
 
2012-11-28 11:41:42 PM  

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?


Whatever the good people at Britain (tm) were smoking, I'd like some.
 
2012-11-28 11:42:25 PM  
we continue to use the dollar bill because it is funky

get on the good foot, mofo
 
2012-11-28 11:46:13 PM  

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.


There's merit to this. This means that --- for Americans --- the best argument for going to multicolored bills would be that, then they, resembling play money as they would, would do a far greater job of representing the actual value of US currency...
 
2012-11-28 11:48:04 PM  

AverageAmericanGuy: Can anyone break a 10?
[cache.virtualtourist.com image 644x483]


World's first glory hole?

Also...

Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.


Possibly NSFW Link
 
2012-11-28 11:55:27 PM  

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.


That isn't a problem either, once you get over the idea of using money as a store of wealth. That's not what money is for. Money is a medium of exchange. Use it to buy things that have actual value.

As for the coins, the change to dollar coins could have been done back in the days when there weren't as many people who believed that the federal government is out to screw them over. Nowadays too many politicians would get tired of the screaming from the minority of people who really care about such things and kill any bills that would make this change. Until and unless faith in the federal government becomes a given again, I don't see this happening.
 
2012-11-28 11:58:11 PM  

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?


Um, NO! ATM only 20's, not always.
 
2012-11-28 11:58:31 PM  

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...

pbs.twimg.com

=============

Australian money is teh ghey.
 
2012-11-29 12:02:54 AM  
LOL in 1983 we switched to zinc pennies with copper cladding because the rising cost of copper vs inflation were close to making it profitable to melt down all the pennies back then.

Today, the pre-1983 pennies are worth 2.3 cents in copper.

Zinc is climbing up there too though, as inflation reduces the monetary value and industrialization increases the zinc value. Now, zinc pennies have a total melt value of 0.52607 cents. Less than a penny, thus a loss to melt down... for now.

Entire nations have lost their whole coinage due to currency smuggling, a combination of climbing metal prices and inflation. Philippines found entire shipping containers full of coins being shipped out for scrap, as the metal was worth significantly more than the face value. This led to a crisis in just having physical money to pay back, the banks ran out of change and merchants could not GIVE change because it'd been shipped out. They'd mint new ones but they'd just get smuggled right out at a loss all over again as long as they were worth more to melt than face value, and minting them would be a net loss.
 
2012-11-29 12:04:43 AM  

AverageAmericanGuy: Can anyone break a 10?
[cache.virtualtourist.com image 644x483]


www.bbc.co.uk

Do you have change for a Triganic Pu?
 
2012-11-29 12:05:01 AM  
I'm gonna make it hail biatches!
 
2012-11-29 12:08:35 AM  
Is there anyplace else on the planet where the government would be so stupid as to continue printing $1 bills when they introduce $1 coins? I bet only the US would be that stupid.

Let's face it, Americans are terrified of anything changing, we are cowards.

I get rolls of $1 presidential coins from the bank to use instead of $1 bills. Some cashiers buy them from the till because they like them so much. And get rid of the penny!

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.
 
2012-11-29 12:17:18 AM  

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. h 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.


I read an article a while back that made the case that since the meter was essentially arbitrary, if it were going to be "fixed" then should just go ahead and make it equal to 36.0000 inches for simplifying the inevitable conversions between metric and imperial that will be taking place for many years.

Some interesting reading in The Metric Fallacy.

I'd explain more, but I need to be at the gym in 26 decihours.
 
2012-11-29 12:28:44 AM  
Just imagine the fundie head-assplode epidemic if the US did something this awesome.

santitafarella.files.wordpress.com
 
2012-11-29 12:29:11 AM  

Lawnchair: Benevolent Misanthrope: 1. Stop printing dollar bills

2. 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

Aye to 1 & 4. #2 we've already got taken care of... you have to think that's *why* we've got a billion of them stockpiled. As for #3? Our dollar coin is already virtually goddamn identical to the Canadian dollar coin. And they don't have a problem.


Yes, and it's also virtually identical to the US Quarter, which confuses people and annoys them when they have to inspect their coins to make sure they have the right one.

Make the dollar coin easily distinguishable from other denominations, and it will be less of a problem. I thought the Sackie would be fine for that, being a different color and all, but they didn't get rid of the dollar bill so it flopped. I would have loved to see it succeed.
 
2012-11-29 12:32:06 AM  

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...


I see your Australian bills and raise you the new Canadian bills

http://en.m.wikipedia.org/wiki/Fronti er_Series_(banknotes)

The white parts are actually see-through. Good luck counterfeiting that.
 
2012-11-29 12:39:03 AM  

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.


This isn't a basic issue, this is you grasping at straws.

Also, you can put the coin where the dollar bills used to go.
 
2012-11-29 12:43:09 AM  

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.
 
2012-11-29 12:43:10 AM  

Just_a_Bear: Gyrfalcon: Random Anonymous Blackmail: What will strippers do...OOOOHHHH coin slot.

You just want to see them make change.

Perv.

is that a bad thing?


No, but the nickles will stick together.
 
2012-11-29 12:44:30 AM  
Who the fark enjoys carrying around change (of any type) or uncommon denomination bills?

I've worked on and off in retail for the past 8 years in various settings, but the one constant is that any time someone gives you funny money, you just have to put it aside somewhere in the register where it can stay until the bank deposit the next day. Good luck passing that horrible stuff off on anyone else. Nobody wants to be given back some golden coin that doesn't fit into their wallet, and nobody wants to earn the glare of reprehension given to them by a clerk for having to accept some $2 bill that has no place in the register. Who intentionally walks around with a big jangly pocket of change to pay for everyday transactions? When is the last time that wearing a coin pouch was in vogue?

Funny thing is that if the penny were eliminated (which I support, for the same reasons) and the dollar coin were forced upon the public, we'd finally see the $2 bill circulate in everyday life. There'd be an unused slot in common cash registers, and people would continue to want to be able to fold their change for a fiver.
 
2012-11-29 12:46:35 AM  

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.


Bravo.
 
2012-11-29 12:51:34 AM  
Whoa, Whoa, farking Whoa!!

What is all this "wallet" shiat? I haven't put bills in a wallet since 1985. There's really is no point.

I'll not even go "put coins in my wallet" unless you carry a purse.

Wallets are for credit cards, rubbers and ID.
 
2012-11-29 12:59:06 AM  

baorao: 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 image 590x350] 

I'll get the dump trucks


Guys, wait. According to my calculations, that's...carry the one...over a million coins. We're going to need stronger belts to hold our pants up!

Change sucks. My pockets are already full-up by carrying things that are useful, like fire and steel. Coins don't work in wallets. So here's what you do :
Eliminate coins
Get rid of the god damn purple numerals

That way we can all go around pretending we're adults, with bills that are all the same size, designed to fit neatly into a bill-fold, and aren't designed to appeal to a child-like sense of "ooh pretty colors!", that you can then sort by denomination in your wallet. If you need to pay for something you get out your wallet (or money clip if you're one of those people) and give them money or plastic.

For one thing, never make something in circulation out of a non-renewable and potentially valuable material (metals). For another, anybody that disagrees with me is un-American and therefore automatically wrong.

/I also pave over the well
//and cast magic missile at the darkness
///and the gazebo
 
2012-11-29 01:00:30 AM  

Eddie Adams from Torrance: 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. h 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.

I read an article a while back that made the case that since the meter was essentially arbitrary, if it were going to be "fixed" then should just go ahead and make it equal to 36.0000 inches for simplifying the inevitable conversions between metric and imperial that will be taking place for many years.

Some interesting reading in The Metric Fallacy.

I'd explain more, but I need to be at the gym in 26 decihours.


Page 4 really grabs you.
 
2012-11-29 01:04:18 AM  
I go to the bank and get a supply of the gold dollars and $2 notes to use for tips. By using them since they are unusual and I tip well, the wait staff always remembers me and I get very good service so the bills and coins are worth it to me.
 
2012-11-29 01:06:33 AM  

phojo1946: I go to the bank and get a supply of the gold dollars and $2 notes to use for tips. By using them since they are unusual and I tip well, the wait staff always remembers me and I get very good service so the bills and coins are worth it to me.


$1 for average service, $2 for great service?
 
2012-11-29 01:12:49 AM  

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.


Um... I know I have used coins minted in the 20s, 30s, 40s and 50s. I'd say that's a helluva lot longer than six times the life of a dollar note (which is about 18-22 months, I believe).
 
2012-11-29 01:18:29 AM  
why don't you people focus on what's really important? putting boobs back on our money.

i.ebayimg.com
 
2012-11-29 01:18:39 AM  

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.


Still? Nice oversight of the sharp rise in silver only recently (apart from the '80s, then its decline). And fark trading a volatile silver dime for a few cups of gas...an even more volatile $20 double eagle still buys close to 600 gallons. Or a used Honda. So what's your solution?

/the silver standard ended in the early '60s...welcome to the future
 
2012-11-29 01:19:40 AM  

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?


Eh, with Australia's colour-coded and differently-sized bills, all you have to know is which denomination is which colour to see what the denomination is AND blind people can tell which is which by size.
 
2012-11-29 01:21:44 AM  

meanmutton: 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.


I don't have to see the front (or back) of any bill in my pocket (or wallet) to know the denomination. I can tell by a glance. Not so with US $$$.
 
2012-11-29 01:25:12 AM  

Omahawg: why don't you people focus on what's really important? putting boobs back on our money.

[i.ebayimg.com image 500x491]


Where's her nipple?
 
2012-11-29 01:26:11 AM  

jshine: 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.


Which is illegal. But, besides that, how do they know what the denomination is in the first place in order to "mark" it??? Different sizing means aresholish people cannot rip off the blind (as readily).
 
2012-11-29 01:35:06 AM  

0Icky0: Just imagine the fundie head-assplode epidemic if the US did something this awesome.

[darwin on money.jpg]


What -- you think the Leftosphere would make it any easier?

Just imagine the brawl between the diversity advocates and the anti-allergen types over whether to include George Washington Carver. Or PETA vs. anyone who suggested any medical researcher that used animals. Or Greenpeace contesting a Robert Oppenheimer bill. Or the gay group catfights about whether introducing a $3 bill with Margaret Mead was ironic or insulting.

Sadly, there's plenty of anti-science advocacy to go 'round.
 
2012-11-29 01:50:18 AM  
Machines dispense almost all of the metro cards used in the NYC subways. If the dollar bin is full, they stop taking dollar bills and will only take coins (but not one cent coins). The "gold" dollar coins given as change are really grungy. Most of the color is gone. They corrode, turn black. They are worn almost smooth. The coins are not durable.
 
2012-11-29 01:50:55 AM  
In so many ways, the US of A is a completely backward country. The Metric System is just a start. How about the typewriter keyboard? While the USA was the first country with a base ten monetary system, if you have ever used the Euro, the logic seems obvious. The bigger the value, the larger the bill. This helps blind people. And the basic color is different, which helps the nearly blind, and stupid people.

Here is a plan. Get rid of the $0.01 coin. When a pack of gum costs $1.25, what is the use of the penny?

Get rid of fractions, completely. Go Metric! I bought some serious fungicide to spray on some apple trees. The recipe, the directions in English, were in teaspoons per gallon. The container I found was a two-liter bottle. I felt like some one in the Middle Ages. I tried to read the directions in French. What the heck is a teaspoon? I am a coffee drinker.

And the USA does not have single payer health care. Does any American ever think about the phrase: Life, Liberty and the Pursuit of Happiness? May I translate that phrase? Life is the biosphere. Liberty is politics. The Pursuit of Happiness is the economy. It is a hierarchy. You cannot rearrange those original words without making complete nonsense.

The people in the USA have completely forgotten their roots. To change the address of my local newspaper delivery, I found myself talking to a woman in Honduras. And we are still using inches. Fools get what they deserve.
 
2012-11-29 01:52:39 AM  

To The Escape Zeppelin!: /Also I like paper money. Just because.


www.cringel.com
You'll get over it.
 
2012-11-29 01:59:45 AM  

gerrymander: Sadly, there's plenty of anti-science advocacy to go 'round.


Definitely,
But the lefty loons don't chair or sit on the Congressional Committee on Science.
 
2012-11-29 02:18:07 AM  
The reason $2 bills are unpopular is because people cannot count by twos. When I ran a register I was amazed at how the average person simply could not count ones, let alone twos.
 
2012-11-29 02:21:45 AM  

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!


Kilodollars? Megadollars? Hmm...
 
2012-11-29 02:43:19 AM  

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


Actually, coin acceptors made since 1980 have the ability to properly recognize dollar coins, it's just usually turned off. Seriously, one place I worked, I was able to use dollar coins in the vending machines for about week, until the vending company put a plastic insert in the slots to prevent anything larger than a quarter from being used. Where I work now, the machines take them with no problem.
 
2012-11-29 02:52:09 AM  

12349876: Ditch the penny and nickel too and you wouldn't have to worry about dealing with more coins.


You don't want to ditch the nickle but keep the dime and quarter. Imagine the following situation: "That'll be $5.10, please." "OK, I've got a five, but no dime...oh, look I've got a quarter. Can you make change for $5.25?"

Kill the penny, definitely. But you're going to have to either replace the quarter with a 20-cent piece, or keep the nickel, or do away with anything smaller than a quarter if you want the coinage to be consistent and useful.
 
2012-11-29 02:53:46 AM  

mvl9591: Machines dispense almost all of the metro cards used in the NYC subways. If the dollar bin is full, they stop taking dollar bills and will only take coins (but not one cent coins). The "gold" dollar coins given as change are really grungy. Most of the color is gone. They corrode, turn black. They are worn almost smooth. The coins are not durable.


I can destroy a paper bill in about half a second while counting a stack of them by accident. never seen a teller rip a coin in half by accident. not to mention the fact people still pay me with coins from 20+ years ago.

 so whats your point other then subways are dirty and filled with breaking dust from trains?
 
2012-11-29 03:09:13 AM  
Why not do away with all coinage and all dollarage if there is such a word and have it all go on plastic? I suppose too many retards out there would not have a bank account to allow this to work. Still, I hate coins. But I do miss going to the casino and carrying buckets of coins to the teller to cash in...
 
2012-11-29 03:12:41 AM  

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.


The Sackies and presidential dollars do not have the reeded edge, though. If you are trying to pull a coin out of your pocket, and there's a smooth coin too big to be a nickel, it's a dollar.
 
2012-11-29 03:16:47 AM  

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


I can remember being in Amsterdam and having to constantly pull up my pants all the time due to the weight of all the coins.

On the flip side there were a number of times when I thought I was out of money because I had nothing but change left only to find I had like thirty bucks/guilders.
 
2012-11-29 04:19:44 AM  

Keizer_Ghidorah: Omahawg: why don't you people focus on what's really important? putting boobs back on our money.

[i.ebayimg.com image 500x491]

Where's her nipple?


I rubbed it off

sorry

/not really
 
2012-11-29 04:20:42 AM  

Spiralmonkey: 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.

I've just realised you mean a new half penny - to a British person an old half penny is one of the pre-decimal ones, a new half penny was one of the little ones that were about 1cm across and are also no longer used... sorry for misunderstanding.


Yes, yes, I thought of that too, I guess I meant old because they don't use them anymore. I have some 1919 pennies and they are enormous. I don't know how anyone dealt with that halfpenny, it was so tiny.
 
2012-11-29 04:28:44 AM  

RealFarknMcCoy2: jshine: 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.

Which is illegal. But, besides that, how do they know what the denomination is in the first place in order to "mark" it??? Different sizing means aresholish people cannot rip off the blind (as readily).


I'm suggesting the gov't do the marking, not some random person. In that case, legality wouldn't be an issue, since the law would need to be changed in any case.

...and besides, we have no provision for making the bills identifiable to the bind now, so whether this is done or not, nothing would be lost.
 
2012-11-29 04:54:50 AM  
US money is so boring !
 
2012-11-29 05:25:54 AM  

glassgnome: Who the fark enjoys carrying around change (of any type) or uncommon denomination bills?

I've worked on and off in retail for the past 8 years in various settings, but the one constant is that any time someone gives you funny money, you just have to put it aside somewhere in the register where it can stay until the bank deposit the next day. Good luck passing that horrible stuff off on anyone else. Nobody wants to be given back some golden coin that doesn't fit into their wallet, and nobody wants to earn the glare of reprehension given to them by a clerk for having to accept some $2 bill that has no place in the register. Who intentionally walks around with a big jangly pocket of change to pay for everyday transactions? When is the last time that wearing a coin pouch was in vogue?

Funny thing is that if the penny were eliminated (which I support, for the same reasons) and the dollar coin were forced upon the public, we'd finally see the $2 bill circulate in everyday life. There'd be an unused slot in common cash registers, and people would continue to want to be able to fold their change for a fiver.


Everything you typed is likely untrue. Most of it is definitely only opinion. Some of it is just pretty silly.
 
2012-11-29 05:56:41 AM  
fark coins. I don't like their jingle, their weight, or their unflattering shapes in tighter pants. Besides, women's pockets are only so large and I refuse to carry a purse when I could just carry a wallet with bills in it. No, a zippered wallet is not a real wallet.

Besides, I inevitably lose my coins or the kid eats them or they go in the dryer, hell, a lot probably just get thrown away. Seriously, fark coins. And I've yet to meet a vending machine in the US that takes the dollar coins so they'd be useless for even the most primary use of coins in the states.
 
2012-11-29 06:27:56 AM  
Going to Canada sucks, you always have to walk around with a pound of bulky ching changling change in your pocket just to fit. It ties up the register as each person loves to count out their mound of change and pay out exactly in perfect lowest demoninations. Though i suppose thats faster than here where everyone just pays credit. The only people i see using cash are wealthy boomers who only pay with 20s. I dont even know what they do with their singles, fives, and tens, probably just clumps up in their laundry.
 
2012-11-29 06:46:15 AM  

RealFarknMcCoy2: To The Escape Zeppelin!: /Also I like paper money. Just because.

[www.cringel.com image 568x314]
You'll get over it.


The dude on the 2 dollar coin is the second ugliest person put on money.

/the first is SB Anthony.
 
2012-11-29 07:34:33 AM  

Eddie Ate Dynamite: baorao: 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 image 590x350] 

I'll get the dump trucks

Guys, wait. According to my calculations, that's...carry the one...over a million coins. We're going to need stronger belts to hold our pants up!


technically a billion is over a million coins I suppose.
 
2012-11-29 07:57:57 AM  

Just_a_Bear: Until cash registers have a place to put a dollar coin, they won't survive in the brick and mortar world.


Eliminate the penny. Hell, there used to be a place for the half-dollar, and that's gone, so people have been adapting all along.
 
2012-11-29 08:30:54 AM  

Teknowaffle: The dude on the 2 dollar coin is the second ugliest person put on money.


Why else do you think he had to resort to having sex with slaves?
 
2012-11-29 08:34:31 AM  
Dow Jones and the Temple of Doom
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.

$1 != $2

You're citing $1 coins to say that a $2 coin existed? o.O
 
2012-11-29 08:48:50 AM  

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.


Yes but what about the cool designs. Link
 
2012-11-29 08:53:16 AM  
fark coins.
 
2012-11-29 09:40:17 AM  

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.


Here I am stuck in the middle with you.
encrypted-tbn2.gstatic.com
 
2012-11-29 10:53:26 AM  
Advantages of the $1 and $2 coins:
More durable and thus cheaper to mint than banknotes.
Can be used to buy items in vending machines that cost $1 and up.
Can not be faked with a photocopier or scanner-printer.
Can be decorated with colourful poppy decals to make US military contractors think they are being spied on by the Canadian Government.
Can be marked with nail polish for use in telephones and slot machines.
Can be replaced with chocolate coins when you run out of change.
Lead to a large number of Looney jokes.
Will be called Obama bucks, or possibly Biden bucks.
May break the old superstition about the two dollar bill, or Deuce.
Easier to tell apart than the old $1, $2, $5, $10, $20 and $100 bills, leading to fewer windfalls for bartenders.
Easier to count and roll than pennies.

Disadvantages of the $1 and $2 coins:
Can make a pocket full of small change weigh five pounds.
Can make you look like a teenager.
Make small denominations look more like poker chips.
Easier to throw across the Potomac River.
You can pretend they are brass pennies and tuppences, thus making it feel like you're shopping in 1912.
Inspire cute nicknames that can be used to mock the value of the dollar.
Will be dropped off of overpasses and buildings, causing immense damage and many deaths.
Will cause pants to wear out more quickly unless you put them in a change purse or coin dispenser.
Will annoy the Hell out of Southerners and other old people who hate current fashion for low-riding pants.

No, wait, that's an advantage of coins.
 
2012-11-29 10:58:15 AM  

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


Strippers aren't dumb about money. They'll wear "banks". Or not. Either way, you'll simply feed the slot.
 
2012-11-29 11:02:11 AM  

AverageAmericanGuy: Can anyone break a 10?
[cache.virtualtourist.com image 644x483]


+1
 
2012-11-29 11:08:11 AM  
I have a little plastic dohicky which holds eight coins--quarters, $1 or $2 coins. It's very handy for 1) paying for my morning coffee and 2) organizing $1 coins for panhandlers. These are the two things that Loonies really make easier--you don't have to take your wallet out or your pocket and there is absolutely no way to mistake a $10 or any other denomination for a $1 coin or accidently hand anyone two coins stuck together.

We now have plastic cards to pay for laundry machines but the Loonies were also good for laundry because you didn't need to feed so many quarters into the machines.

I'm sure you will like some aspects of the new coins. And they are going to happen some day no matter how much the US public hates innovation or change. By then, however, you may go strait to digital currency, so the change may be short-lived.

In Japan and Europe you can pay for many small purchases with your cellphone or the waive of a card. This has been slow to catch on in North America but many people will prefer that option to carrying coins. It will naturally have its own downside, namely the likelihood that several times over a given period of years you will lose everything when you mislay, lose, or are robbed of your cellphone slash wallet slash ID slash healthcare card slash personal organizer slash telephone, radio, TV, portable computer, etc.

You should not put all of your eggs in one basket or all of your life on one pocket computer.

Some day the SF solutions of a computer tattoo or built-in cyborg services will probably come to dominate for the richer people of the world. The very poor may be stuck with cash and cellphones.
 
2012-11-29 11:16:10 AM  

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.


I've seen them squat over a beer bottle to "snatch" a quarter off the rim.
 
2012-11-29 11:17:58 AM  
I like the coins.
Make me feel like a pirate.
 
2012-11-29 11:38:51 AM  
I used to care about this, back when you couldn't pay for virtually every purchase with a debit card. The only advantage I see to change is being able to give a bum a handout without getting your wallet out.

/Pull my wallet out in front of bums all the time.
 
2012-11-29 12:53:35 PM  
We have $1 coins and we have $1 bills. The bills are more popular. They must be more popular for a reason. MORE FARKING PEOPLE PREFER THEM!!!

Unless you want to believe the conspiracy between "Big Paper" and the gummint has brainwashed the masses.
 
2012-11-29 12:56:48 PM  
Death before dollar coins!!!


/don't tread on me
 
2012-11-29 01:06:49 PM  

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.


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.
 
2012-11-29 01:44:59 PM  

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.


The original meter was 1 ten-millionth of the pole-to-equator distance (being a roughly human-scale length). Despite a fair bit of estimating, they got within 1/100th of 1% of the real average pole-to-pole circumference. It has a certain bit of the 18th century "oh, we are so clever and scientific" while still being arbitrary feel to it.

Volume isn't really a base unit at all, being a cube of the length measure. The kilogram was meant to be the weight of a litre of pure water at not-quite-freezing. And it nearly is. But, that turns out to be a monstrous bear to actually measure. Partially because very pure water will get well below 0C without freezing until it has a nucleation point. So, we eventually said "this lump... this lump is the kilogram. Deal." Except that now the lumps that once balanced great are no longer balancing perfectly.

The thing is, we have a perfectly good truly universal (as far as we know) length to use for measurement. It's even fairly human-scale, which is awesome. That is, the wavelength of the hydrogen state-transition spectrum line. That is a little over 21 centimeters/8.3 inches. It's the measuring system we use for things like the Pioneer and Voyager plaques/records. Theoretically communicating with non-Earthlings. That same universal phenomenon also gives us a usable unit of time, unfortunately on the order of one-billionth of a second.
 
2012-11-29 01:46:47 PM  
A Dollar Coin Lifespan of 30 years and cost 30 cents to produce = 1 cent cost per year
A Dollar Bill Lifespan 4.7 years cost 5 cents each to produce = 1.06 (apx.) cent cost per year

Weight of a One Dollar Bill = 1.0 gram
Weight of a One Dollar Coin = 8.1 gram

So 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?
 
2012-11-29 01:53:59 PM  

UseTheForksLuke: So it costs about eight times as much to ship the coins instead of the bills.
Where is the savings?


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.
 
2012-11-29 04:07:25 PM  

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.


A: The Volume of a Dollar Coin vs. a Dollor Bill, the coin takes up apx. 25% more volume than the Dollar Bill including slack space. Making Dollar Coins ten times as much to move around instead of the a Dollar Bill?

B. Not just the cost to the mint, the cost to everyone else transporting the Dollar Coins.

I'd still rather have a pocket full of Dollar Bills than Dollar Coins, they would weigh about ten times less and be worth about 25% more. That's my point.

Dollar Coins are good for one thing, when you buy a beer you can use them for a tip.
I really have not found any other good use for them.
 
2012-11-29 04:41:41 PM  

UseTheForksLuke: A Dollar Coin Lifespan of 30 years and cost 30 cents to produce = 1 cent cost per year
A Dollar Bill Lifespan 4.7 years cost 5 cents each to produce = 1.06 (apx.) cent cost per year

Weight of a One Dollar Bill = 1.0 gram
Weight of a One Dollar Coin = 8.1 gram

So 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?


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.
 
2012-11-29 05:01:38 PM  

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.


From the article... "A typical $1 bill lasts only 4.7 years, according to GAO estimates."
You know, it could be more it could be less... average.
I took the ages of all the dollar bills in ny wallet and divided by 2, what did you get?

Obviously you didn't read the article?
 
2012-11-29 05:13:49 PM  
Let me elaborate on that... the average age of all the dollar bills in my wallet and on average they were all equally distant from their half-life so divide by two. Then averaged a bunch of peoples results together. You do not trust the GAO statistics analysis?
 
2012-11-29 05:25:44 PM  
1 Paper money equals 4 of coin.

Obscure?
 
2012-11-29 05:47:38 PM  
Anyone who thinks the Dollar coin is too close to a quarter is an idiot. Its the same size difference (relative) as a dime is to a nickel.

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.
 
2012-11-29 06:20:05 PM  

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.


Where is that law? If you read my comment above... "I have also noticed a trend that vending machines no longer accept either coins nor bills; just credit / debit cards." So they do not accept Dollar Coins, or any Coins, or any Bills! So we do not need and Dollar Coins, or Dollar Bills, cashless society, you know... new world order. Most Parking Meters do not accept coins any more either. You swipe your card, you get a receipt and put the receipt on your dash.
 
2012-11-30 02:59:42 AM  

Acharne: Everything you typed is likely untrue. Most of it is definitely only opinion. Some of it is just pretty silly.


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.
 
2012-11-30 03:51:48 PM  

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.


I prefer the dollar coins. They're very commonly given as change from vending machines here. I don't use vending machines too terribly often, but the ones at both malls near me, my current and my previous employers, and one at a strip mall all give dollar coins as change. Cashiers don't even blink when they're given at stores as payment. It's a 100% nonissue. So, this area may be atypical compared to the rest of the country, but it shows that it can be accepted and commonplace. I find the coins much easier to work with than bills, but that's just me. Whatever works.

And if the government has loads of these things in storage, I'm happy to take them off their hands...
 
Displayed 223 of 223 comments

View Voting Results: Smartest and Funniest


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