To J Coxe--expert collector There was a similar incident at a shopping mall in eastern connecticut earlier this year but it did not escalate beyond the local police department . Maybe because we as collectors are more knowlegable about monetary systems , that we look upon many in the retail trade in disbelief . But then , my daughters ask how did you change channels without a remote , and are in awe of $50 bills
<< <i>nickel -- I am with you on the $500 note and even a $1000 note. I know if I am on a buying day on a bourse, I'd rather not have a pile of $100 bills when I know I am buying coins starting in the hundreds of dollars. Buying a $1200 coin or paying for a $1200 transmission job should be a simple $1000 and two $100 bills, not counting out ten hundreds and ten twenties. >>
That's exactly how all the drug dealers and other criminals who end up having to handle lots of cash feel, which is why you won't see any denomination higher than $100 for a long, long time.
Given a choice, the average citizen prefers the $1 note. But if not given a choice, the average citizen wouldn't give a $hit. Been to Europe lately? The 1 and 2 euro coins trade like nickels and dimes here.
I would like for the dollar coin to replace the paper dollar. We, the people do not accept change easily.
I think as more people use plastic for general commerce, the cost of printing $1 bills will become nominal and it will stay around as long as demand warrants.
Why are we still printing $2 bills? That needs to stop before we can stop anything else.
Maybe if they made a new dollar coin to look more like a poker chip they would be market acceptable.
Maybe get corporate sponsors. Modern collectors would be all over that. We used to collect Coca-Cola bottles by the original bottler's city on the bottoms. I could see folks collecting NASCAR, AT&T, McDonalds, ... $1, $5 and $10 coins pretty easily. Probably would be a sad perspective of our nation, but not altogether unbelievable of an eventuality. Would be more likely if people actually used coins more than they do though. Say a nickel of seignorage in the coffers for every $1 coin produced?
When Canada stopped making the dollar bill there was a survey. A large percentage were against losing the dollar bill (70+%)
Now I won't go into survey question gamesmanship but roughly a year later another survey asked the Canadians if they liked the dollar coin. 70+% liked it.
I keep hoping we would have government that demonstrates fiscal thrift and discontinues the cent and the paper dollar. "People like the cent" and the congressional delegation from Illinois must have made keeping the cent a plank in their platform. I'd rant a bit more but it's late and I need to get to bed, I have a busy day at work tomorrow.
Comments
<< <i>Hey MS70
We are not a democracy, but a democratic republic, as stated above.
Majority of citizens does not rule. Majority of votes in Congress rules.
I agree with the Kennedy/Kerry factor. >>
In addition to Kennedy/Kerry being pro-ragbuck, are there any Congressmen known to be anti-ragbuck? Or do Kennedy and Kerry face no opposition?
There was a similar incident at a shopping
mall in eastern connecticut earlier this year
but it did not escalate beyond the local police
department . Maybe because we as collectors
are more knowlegable about monetary
systems , that we look upon many in the
retail trade in disbelief . But then , my daughters
ask how did you change channels without a
remote , and are in awe of $50 bills
<< <i>nickel -- I am with you on the $500 note and even a $1000 note. I know if I am on a buying day on a bourse, I'd rather not have a pile of $100 bills when I know I am buying coins starting in the hundreds of dollars. Buying a $1200 coin or paying for a $1200 transmission job should be a simple $1000 and two $100 bills, not counting out ten hundreds and ten twenties. >>
That's exactly how all the drug dealers and other criminals who end up having to handle lots of cash feel, which is why you won't see any denomination higher than $100 for a long, long time.
Given a choice, the average citizen prefers the $1 note. But if not given a choice, the average citizen wouldn't give a $hit. Been to Europe lately? The 1 and 2 euro coins trade like nickels and dimes here.
$1 and $2 coins are the way to go.
<< <i>$1 and $2 coins are the way to go. >>
It probably won't happen if we can't name a single US Congressman who is for discontinuing the ragbuck.
<< <i>Hmm, that's too bad. Who has the copyright for that info. >>
Probably Jim. I don't think he'd complain if someone resurrected it.
I think as more people use plastic for general commerce, the cost of printing $1 bills will become nominal and it will stay around as long as demand warrants.
Why are we still printing $2 bills? That needs to stop before we can stop anything else.
Maybe if they made a new dollar coin to look more like a poker chip they would be market acceptable.
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I can see retailers giving out change only in their currency.
<< <i>Why are we still printing $2 bills? That needs to stop before we can stop anything else. >>
actually the $2 bill is enjoying quite a resurgence. I like em' and so do a lot of people.
<< <i>You might be on to something.
I can see retailers giving out change only in their currency. >>
They're called ..Gift certificates..
and how many are lost or not handed in..??..It's found money for the retailers..
When Canada stopped making the dollar bill there was a survey. A large percentage were against losing the dollar bill (70+%)
Now I won't go into survey question gamesmanship but roughly a year later another survey asked the Canadians if they liked the dollar coin. 70+% liked it.
I keep hoping we would have government that demonstrates fiscal thrift and discontinues the cent and the paper dollar. "People like the cent" and the congressional delegation from Illinois must have made keeping the cent a plank in their platform. I'd rant a bit more but it's late and I need to get to bed, I have a busy day at work tomorrow.