Why USA has 1$ bills VS Europe 1€+2€ euro coins ?
IKU
Posts: 65 ✭✭✭
USA makes things their way and Europe makes things usually other way around.
- Inches vs. Meters. (OZ vs Gram,....)
- Voltage 110 vs. 230V.
- 1usd$ paper money vs. 1+2€euro coins.
Does USA dislike coins ? 
Because Europe loves coins. I myself rarely use credit card and I'm +30 y.o. 
What is the reason 1usd$ banknotes exist ?
0
Comments
Tradition. Familiarity.
Lots of threads on this if you search.
Is it that cotton farmers want to push their products in USA ?
I'm afraid the powers that be would make the 2$ coin about the same size as a tank track link.
My Saint Set
IMO, politics. The congressmen/women in the states who produce the unique $1 and $2 bill materials pitch a fit whenever it is brought up to eliminate the $1 and $2 Bill. These two lower denomination bills do not have the security features the $5 bill up to $100 have, so they are produced by a separate company. I have been wrong before.
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Crane Paper Company is the sole supplier of paper to the BEP and they have friends in congress.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Hope USA moved from bank notes to coins. Coins are better.
.) 
Here in Finland (Europe EU) we have gambling machines in every store.(Yes you read it correctly in every store
I think Finland is bigger than Las Vegas when all our coin machines come to question.
These RAY coin machines all work with: 20cent,50cent,1euro and 2euro coins.
Politics and tradition.... It all boils down to those two issues. The latter could be addressed with minimal effort, but the former is formidable. Cheers, RickO
Half way between me and @ricko lies the Crane Museum of Papermaking
.
1770:
Entrepreneur Stephen Crane establishes the Crane paper business and purchases the Liberty Paper Mill. One of his early customers: Paul Revere, who uses the paper to print the American Colonies’ first paper money—the inaugural thread of Crane’s presence in the fabric of American life.
1779:
Stephen Crane’s son, Zenas, opens a new mill location on the Housatonic River in Dalton, Massachusetts, forever ingraining Crane in the vibrant culture of the Berkshires.
1801:
Zenas Crane formally establishes Crane & Co.—the beginning of the Crane you know today.
Primarily a producer of banknote paper, Crane begins printing currency for local and regional banks and, ultimately, the U.S. government. Crane stands out for its innovative printing method that deters counterfeits.
Free museum tour of Crane Museum of Papermaking
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Bad transactions with : nobody to date
Who wants to walk around with $20.00 worth of coins in their pocket when you can put $20.00 worth of $1.00 bills in your wallet. Isn't that why we got away from the silver dollar? Aside from that who really cares what the Euros do?
Besides, pockets full of coins are why they invented the Credit Card.
The paper lobby has more lobbyists than the copper-nickel lobby
"Same as it ever was, same as it ever was...." - David Byrne/Talking Heads
My cousin was President of the company.
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No matter what form of cash you are using, you are going in the Wrong direction…
From Federal Reserve…
Percentage of consumers, monthly basis using cash transaction:
2018 85.8%
2019 82.4%
2020 74.7%
Percentage of consumers, monthly basis using check transactions:
2018 50.5%
2019 46.5%
2020 43.7%
Percentage of consumers, monthly basis using debit card transactions:
2018 65.9%
2019 66.8%
2020 67.7%
Percentage of consumers, monthly basis using credit card transactions:
2018 61.0%
2019 62.7%
2020 62.9%
The 'greenback' has been the world's most recognizable currency for years. Leave it alone......
The Chinese are hot to have the Yuan take it's place.
Are you sure? What is the carbon footprint of metal refining?
References
Agree.
If the Europeans were really that forward looking, they'd have gone digital by now.
As of December 2020...
The Federal Reserve says they have enough $1 coins in Inventory to last nearly 22 Years.
Current inventory is approximately $1.04 Billion of $1 coins.
A decrease of $50 Million $1 coins is 2020...
US public doesn't want higher value coins. I agree with this sentiment.
I do carry "folding money" on me at all times, more than most people. Just not a single coin since it does not buy anything.
Especially outside the US where most currency is held. Not aware that any USD coins can be exchanged outside the US.
Maybe for the same reason the French eat snails and we don't......It makes no sense.
Lots of good answers/reasons above.
I can think of one more but I don't want to send this thread of the rails.
Let's just say that Americans tend to be more resistant to changes being imposed upon them.
They were using Sacs in Ecuador
True, it's the or one of the few exceptions.
Sac dollars are accepted in places in Bolivia.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Yes, but Ecuador is self-dollarized so the Sacageweas are effectively their currency, not something they exchange for. (As far as I know).
Then how do they get them? They don't mint them.
Mass transit is another practical reason why 1€ and €2 , 1£ and 2£ coins were readily adopted in Europe/ UK back in the day. The main mode of transportation is subway and bus in many countries Coins went into vending easier.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@jmlanzaf said:
Counterfeit Sacs are being produced (but I don't know where) and can be found in circulation in Ecuador. I bought two of them (both picked from circulation) from another Forum member last year.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Because we Americans often cling to things, even when it's demonstrably not in our interest to do so.
Colombia.
Real ones are sent down as foreign aid, fake ones are made in Colombia.
Colombia
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
My father is from Bolivia and I visit it regularly (usually twice per year), though not since December, 2019 due to COVID.
I have not been everywhere in the country and cannot be everywhere simultaneously but never seen or heard of Sac dollars being used. Usage of the USD has decreased noticeably to my knowledge since the Boliviano has been stable versus the USD since at least 2007, at about 7:1.
To the extent it is accepted. it must be limited.
deleted
He might be thinking of Ecuador.
But they aren't all counterfeit. Of course, there are some counterfeits. The higher the denomination, the more likely to counterfeit. That's why the UK demonetized the old pound coins and replaced them with a new design. Something like 5% of the circulating pound coins were counterfeit.
In general people don't like change and this is a "problem" that doesn't need to be solved. If a government official were to go out a limb and try to make a case for ceasing dollar bill production, they would probably be politically skewered over a topic of no real significance.
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The US dollar became legal tender in Ecuador on March 13, 2000.
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