Which will go bye-bye first---the cent or the dollar bill?

PerryHall · July 19, 2011 5:58AM

Both are dropping in purchasing value while the cost of making them keeps going up. I wouldn't be surprised to see the government eliminate them both in the same legislation. What do you think?

19Lyds · July 19, 2011 6:02AM

<< Both are dropping in purchasing value while the cost of making them keeps going up. I wouldn't be surprised to see the government eliminate them both in the same legislation. What do you think? >>

The demise of the dollar bill makes more "cents".

wiskerchew · July 19, 2011 6:06AM

Should have got rid of the dollar bill back in '00 when the Sac first came out in my opinon....

123cents · July 19, 2011 6:08AM

>>

The demise of the dollar bill makes more "cents". >>

Very clever!

mingot · July 19, 2011 6:11AM

we (americans) hate change.

i vote that they are both around for the next 10 years at the very least.

pocketpiececommems · July 19, 2011 6:14AM

It's ok by me to throw your "change" on the ground for me to find with my metal detector

Bankerbob56 · July 19, 2011 6:15AM

The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars!

kiyote · July 19, 2011 6:16AM

My money dream line up:

Coins:
5 cent
20 cent
50 cent
$1

Bills:

$2
$5
$10
$20

Let's stop pretending the $50 and $100 are even useful. Most gas stations I go to won't even take them.

19Lyds · July 19, 2011 6:18AM

<< Should have got rid of the dollar bill back in '00 when the Sac first came out in my opinon.... >>

Agree. The country would have saved better than 100 million dollars by now.

GRANDAM · July 19, 2011 6:21AM

We should have:

$1 coin - we have

$5 coin

$10 coin

$25 coin

$50 coin

$100 coin

JMHO, GrandAm

PerryHall · July 19, 2011 6:23AM

<< 

<< Both are dropping in purchasing value while the cost of making them keeps going up. I wouldn't be surprised to see the government eliminate them both in the same legislation. What do you think? >>

The demise of the dollar bill makes more "cents". >>

It's more likely the dollar bill will be eliminated now that Senator Ted Kennedy is dead. He protected the Crane Paper Company in his home state who makes the paper for our currency.

JJM · July 19, 2011 6:27AM

cent.....if they stopped producing cents, and offered
1.2 cents for everyone to turn the zillion ones out there,
there would be enough for years , no?,......and still save taxpayer money

Zoins · July 19, 2011 6:30AM

With the current budget issues, saving $500M a year by switching to dollar coins may be worth looking into.

With:

* Crane & Co. of Massachusetts in the dollar corner
* Jarden Zinc of Tennessee in the cent corner

Who will last longer?

JoeLewis · July 19, 2011 6:46AM

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I don't think I've ever had twenty singles at one time.

JoeLewis · July 19, 2011 6:47AM

<< 

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I don't think I've ever had twenty singles at one time. >>

Of course, I don't really frequent the kind of places where one would need a bunch of singles on hand

Zoins · July 19, 2011 6:49AM

<< 

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I don't think I've ever had twenty singles at one time. >>

Waiters and waitresses get them all the time. So do other people in other professions.

JoeLewis · July 19, 2011 6:55AM

<< 

<< 

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I don't think I've ever had twenty singles at one time. >>

Waiters and waitresses get them all the time. So do other people in other professions. >>

They get them were they cannot exchange them for larger bills before they leave work?

Zoins · July 19, 2011 6:58AM

<< 

<< 

<< 

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I don't think I've ever had twenty singles at one time. >>

Waiters and waitresses get them all the time. So do other people in other professions. >>

They get them were they cannot exchange them for larger bills before they leave work? >>

Just make sure you're not on the closing shift.

MisterBungle · July 19, 2011 7:00AM

I think everyone is missing the larger picture.

My son hardly ever uses any cash at all.
He uses his debit card for almost all of
his purchases. So do many of his
generation.

After all of us old codgers are gone there
will be no one left who uses money at all.

The cent and the dollar may go first, but
in the end, it will all go away. Wonder
what will become of coin collecting then??

~

tahoe98 · July 19, 2011 7:01AM

""Which would you rather have in your pocket twenty single dollars or twenty golden dollars!"

...neither, i'd rather have ONE 20 dollar coin.

MrEureka · July 19, 2011 7:10AM

<< Should have got rid of the dollar bill back in '00 when the Sac first came out in my opinon.... >>

Agree. The country would have saved better than 100 million dollars by now.

The benefit would accrue to the minority of voters that actually pay federal taxes. In other words, eliminating the dollar bill is, for politicians, a vote losing proposition.

johnny9434 · July 19, 2011 7:35AM

id say the dollar bill would be first. then again who knows for sure by the looks of thing. the whole system looks to be on the way out

PinkFloyd · July 19, 2011 7:37AM

<< I think everyone is missing the larger picture.

My son hardly ever uses any cash at all.
He uses his debit card for almost all of
his purchases. So do many of his
generation.

After all of us old codgers are gone there
will be no one left who uses money at all.

The cent and the dollar may go first, but
in the end, it will all go away. Wonder
what will become of coin collecting then??

~ >>

They will fade, but they're be around...at least for the foreseeable future. I've seen several businesses quit taking credit cards because their fees are too high. Plus, in a lot of small private transactions, cash is king.

DIMEMAN · July 19, 2011 7:42AM

I'd rather have a 20 dollar bill.

DBSTrader2 · July 19, 2011 7:43AM

What if we started producing "nylon/plastic" bills like Canada is planning on doing for their remaining denominations?

thisnamztaken · July 19, 2011 7:52AM

If I were the one making the decision I'd say dump the cents. The last thing I want to carry around with me is a pocketful of heavy $1.00 coins.

PerryHall · July 19, 2011 8:10AM

<< What if we started producing "nylon/plastic" bills like Canada is planning on doing for their remaining denominations? >>

I thought Canada got rid of their dollar bill.

Chump4Change · July 19, 2011 8:28AM

<< He uses his debit card for almost all of
his purchases. So do many of his
generation.

After all of us old codgers are gone there
will be no one left who uses money at all. >>

Unless everyone is equipped with a card reader and a bank account, coins/currency will always have its place in society.

Phaethon · July 19, 2011 8:33AM

<< I think everyone is missing the larger picture.

My son hardly ever uses any cash at all.
He uses his debit card for almost all of
his purchases. So do many of his
generation.

After all of us old codgers are gone there
will be no one left who uses money at all.

The cent and the dollar may go first, but
in the end, it will all go away. Wonder
what will become of coin collecting then??

~ >>

I guess we will be seeing this on ebay

1975 GEM PERFECT MS70 MASTERCARD BY PCGS EXTREMELY RARE PRE RFID VERSION W/ STARS

mingot · July 19, 2011 8:38AM

<< 
I guess we will be seeing this on ebay

1975 GEM PERFECT MS70 MASTERCARD BY PCGS EXTREMELY RARE PRE RFID VERSION W/ STARS

>>

Search for "diners club" on ebay.

MisterBungle · July 19, 2011 8:50AM

"Unless everyone is equipped with a card reader and a bank
account, coins/currency will always have its place in society."
-----

Card readers won't be necessary. You probably already have
the technology now to buy anything you want without cash
or a card reader.

My iPhone will already read those funny looking square bar
codes with the dots inside them, take that information and
compare prices at other locations while I'm standing there
trying to decide if I want to buy it.

How much harder would it be to put those bar codes on
a Big Mac wrapper for you to scan with your phone, and
it then takes the price right out of your bank account.

Even what I have described is probably too primative for
what is in store for us in the very near futrue. Just because
you can't see it, doesn't mean it won't happen

Just sayin'

~

1897smorgan · July 19, 2011 9:07AM

<< What if we started producing "nylon/plastic" bills like Canada is planning on doing for their remaining denominations? >>

That would be a further need for petroleum......I hope that doesn't happen

COALPORTER · July 19, 2011 9:29AM

The cent could go and never be missed. Isn't totally insane to fumble around your pocket hunting for one penny so you can get the change 100% correct ?- WHO CARES? ! It is an insane time waster, a penny is such a small amout of useless money that it will never really make a difference. If you do allot of spending with cash- it will only make up a few dollars per year- if that .

derryb · July 19, 2011 9:32AM

The presidential dollar coin will go first and then the cent.

coinandcurrency242 · July 19, 2011 9:36AM

those "cents" really do add up! I spend rolls of them for food

. I say we get rid of the dollar bill and use those dollar coins that we hardly ever use! Keep those pennies!

messydesk · July 19, 2011 10:12AM

200 years from now, they'll still be making cents and dollar bills. Nobody will know what they are or what they're for, but their manufacture will stave off some sort of outrage that would otherwise ensue. Of course, nobody will know what the outrage will be about, but at least it will be prevented.

GrumpyEd · July 19, 2011 10:37AM

I think the cent will go first.

It makes sense to eliminate $1 bills but I doubt it will happen as soon as eliminating the cents.

I'll miss searching the cents!

dpoole · July 19, 2011 10:43AM

<< we (americans) hate change.

i vote that they are both around for the next 10 years at the very least. >>

Americans handle change just fine. Consider the blinding speed of cultural change with all the tech advancements over the last generation.

At issue is the lack of any demanding constituency for dropping the cent and the paper dollar, vis a vis those who have a vested interest in their preservaiton--along with the handful of curmugeons who write letters to the editor.

Now that we have a major debt crisis, though, "low hanging fruit" such as the cent/nickel and paper dollar may at last be shown the door during the budget cuts.

AuAgPt · July 19, 2011 11:06AM

The cent makes more sense to go first. Get rid of the low ones first, and due to 50 years of inflation, reinvigorate the $500 and $1000 bill (of course the argument will be drug trafficking in this case as well as direct admission by our govt that inflation is a real issue).

-app

khayse · July 19, 2011 11:27AM

Cents are ridiculous. I don't even take them when change is returned to me. They cost more to make than they are worth. Nuff said.

Coins:
5 cents
10 cents
25 cents
dollar
2 dollar

Bills:
5
10
20
100
500

-Keith

BBN · July 19, 2011 11:33AM

<< The cent........it is senseless!!!

Which would you rather have in your pocket twenty single dollars or twenty golden dollars! >>

I hear this argument frequently but who walks around with a bunch of singles? When I get at least five of them things I start trying to unload them. Dollar coins will end up in the drink holder like quarters and used frequently.

BBN · July 19, 2011 11:44AM

Like someone else said, in 20 years plastic may be considered primitive. All transactions may happen using smart phones or even other devices that we can't even conceive. In 1991 no one would have imagined that you could get on a cordless phone device in your car and book and pay for a room at a hotel 300 miles down the road without making a call. I believe we'll always have some sort of paper and metal money, but its use will start to fade in time.

ambro51 · July 19, 2011 12:40PM

How 'bout just tatooing your social security number on your left forearm. You go anywhere, buy anything, they do a retina scan and verify the number and the 'money' gets taken out of your 'federal account'.

No money, nothing. Just big government and big business owning your very life.

nibanny · July 19, 2011 1:14PM

<< We should have:

$1 coin - we have

$5 coin

$10 coin

$25 coin

$50 coin

$100 coin

JMHO, GrandAm

>>

It would be like being at the casino!

Artist · July 19, 2011 1:39PM

Make the cent worth $1 - problem solved!

Alas even if they did this, it would still only have half the purchasing power of $.01 in 1793.

funkemonk · July 19, 2011 2:00PM

The paper dollar and penny will go away at the same time due to inflation.

Now on the my main question. Who is the dumbf*** that made the nickel larger than the dime?

IMO the dime should be the size of the nickel, the penny should be the size of the dime and the dime should be the size of the nickel.

Mission16 · July 19, 2011 2:56PM

<< My money dream line up:

Coins:
5 cent
20 cent
50 cent
$1

Bills:

$2
$5
$10
$20

Let's stop pretending the $50 and $100 are even useful. Most gas stations I go to won't even take them. >>

But lots of other places do.

Mission16 · July 19, 2011 2:57PM

<< 

<< 

<< Both are dropping in purchasing value while the cost of making them keeps going up. I wouldn't be surprised to see the government eliminate them both in the same legislation. What do you think? >>

The demise of the dollar bill makes more "cents". >>

It's more likely the dollar bill will be eliminated now that Senator Ted Kennedy is dead. He protected the Crane Paper Company in his home state who makes the paper for our currency. >>

BINGO! I'm suprised it hasn't happened already.

CertifiedGoldCoins · July 19, 2011 6:10PM

<< "Which will go bye-bye first---the cent or the dollar bill?" >>

Official removal of either would be confirmation of government failure to preserve the value of the US Dollar, so I don't expect either to happen anytime soon. But for most people, the Cent is already worthless, and a nuisance.

rec78 · July 19, 2011 6:32PM

I think they both go at the same time-when currency reform takes place. When will that happen?-hopefully not for a long time, but I think that it will eventually happen.

19Lyds · July 19, 2011 7:58PM

<< "Unless everyone is equipped with a card reader and a bank
account, coins/currency will always have its place in society."
-----

Card readers won't be necessary. You probably already have
the technology now to buy anything you want without cash
or a card reader.

My iPhone will already read those funny looking square bar
codes with the dots inside them, take that information and
compare prices at other locations while I'm standing there
trying to decide if I want to buy it.

How much harder would it be to put those bar codes on
a Big Mac wrapper for you to scan with your phone, and
it then takes the price right out of your bank account.

Even what I have described is probably too primative for
what is in store for us in the very near futrue. Just because
you can't see it, doesn't mean it won't happen

Just sayin'

~ >>

I and many, many Americans or even people in the world do not have nor plan on having an IPhone. IPhone's are for those that can afford a regular phone bill in addition to those who are totally unaware of the wireless piracy which exists in the world. Besides, I would not relish the idea of giving nor storing my bank account information on a handheld telephone device which can get lost, be broken or worse yet, stolen.

Which will go bye-bye first---the cent or the dollar bill?

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