Posted on 03/31/2017 8:19:18 PM PDT by Tolerance Sucks Rocks
They want to eventually make all transactions electronic. That facilitates tracking and taxation. I don’t trust anything McCain is involved in.
Dollar bills are extremely filthy! They are bacteria factories, The metal coins are naturally anti-bacterial, Much safer health-wise. Just imagine where the hands that have held those bills have been!
Finding a penny on the ground is like someone paying me a small amount to exercise a small amount.
All of this fretting over physical cash. Soon, the government will be giving everyone credits and you WILL use a debit card to access them. Gonna happen sooner than you think.
This is another push for a cashless society.
They need to make the coin thicker and change the alloy to something similar to a UK Pound. The problem then is, we'd have to modify every ticket machine in every subway and light rail station in the country. Not to mention the dollar slots - Sacagawea could turn out to be the financial ruin of many reservation casinos. :o)
Interesting; if you see the old Chinese coins (pre-1911), they have a square hole in the middle. People would pass a cord through them and tie it to their belt.
I have some of these, and a set of knock-offs that cost $1 (for twelve). Like many Red Chinese knock-offs, they have misspellings on the wrapper. I was told that one I have with a triangular hole is actually really old and rare...
Ukraine has bills down to a 1, which at 27 per $4 is worth about 4 cents. Almost no one uses coins except food stores, with the smallest coin normally .10 UAH. Once I did get .02 UAH and picked up a .01 off the street. That's worth 4/100 of a US penny. In conclusion, Ukraine coins are an annoyance that should be completely phased out.
In Poland, the coins are nice and have value With an exchange rate of about 4 złoty per $, the smallest bill is 10zł. That's about $2.50. The 5zł ($1.25) and 2zł ($.63) are nice, substantial, and thick with 2 colors. The other coins are thinner, one color, and smaller. It's a very sensible approach and people use coins regularly for small transactions. This would be a good model for the USA.
“They also cite the success of Canada and other nations as proof that the public will accept the dollar coins once the paper dollar is eliminated.”
“Ummm...they didn’t have a choice”
Beat me to it, how true.
Reasonable. However McCain is involved. Some how, this must be involved in releasing a demon from hell or something equally sinister. /s
Put a hole in the middle of the dollar coin so it can be strung together like a pukka necklace.
Or better yet, let’s just use dollar coins from other nations and save on production costs altogether! After all, it’s not like it has any intrinsic value, the denomination just represents...
While they’re at it, there is really no need for both a nickel and a dime. And when is the last time anyone purchased anything for less than a dime? I think the nickel actually needs to go as well.
Wouldn’t even really hurt to swap the $5 bill for a coin. Put all those in together and I imagine the savings would be worth it.
Color and edge aren’t enough. They need to otherwise change the size and/or shape as well.
This failed in the US because they never got rid of the paper dollars; if you’ve been to Canada you quickly end up with a pocketful of C$1 and C$2 coins, and they’re not small. A complete pain in the rear...and they’ve now eliminated their penny.
As I understand it, the new gold-colored dollar coins were made the same size/weight as the Susan B. Anthony dollars (”Carter quarters”) so machines would accept either of them.
See # 48; that is what Imperial China had.
“exotic dancers hardest hit”
Buskers and panhandlers anticipate revenue increase as passerby’s indiscriminately grab for tossable “brass in pocket.”
A while back I was in Seattle and faced with traveling from the train station to the air port. There was a light rail line for the trip
The fare machine requires $1 coins. I had a $20. I got more than a pocketful and the food clerks in Atlanta didn’t think the $1 coins were real.
1) Get f***ing politicians off the coins, and 2) Expose the fraud of the catastrophic decline in the value of the fractional parts of the dollar.
In 1908, the coins had:
Penny: Native American
Nickel: Liberty
Dime: Liberty
Quarter: Liberty
Half Dollar: Liberty
Dollar: Liberty
$2.50: Native American
$5.00: Native American
$10.00: Native American
$20.00 Liberty
The value of the silver coinage in today's money can be easily derived by a multiplier of 13.14, so the dime would be worth $1.31, the quarter $3.29 and so on.
Our coinage at present has only 4 circulating pieces unlike the ten that existed in 1908, and all feature politicians instead of symbols of our history or principles.
And, by reversing the calculation above, we see that the penny is now worth 7/100 of a 1908 penny, a quarter is worth less than two cents in 1908 money, and so on.
So, an honest recoinage would start with a ten cent coin to replace the penny, a half dollar to replace the nickel, a dollar coin to replace the dime, a $2.50 coin to replace the quarter, and a $10 coin to replace the dollar bill.
Many women carry the equivalent of thousands of dollars in their bras.
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