Why don`t they just quit making the dollar bill?
agentjim007
Posts: 6,256 ✭
I`m in Montreal now using a hotel lobby computer that is in French (wierd!). I didn`t realize as soon as you cross from Ontario into Quebec everything turns French. Over here (and the same in Europe) the smallest bill is a $5. There are one and two dollar coins. They seem to work out fine. If your not given the choice of a paper dollar or coins the coins do work.
0
Comments
That's why - jobs.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>Perhaps now that the old drunk and swimmer is incapacitated, we can make some progress. Cheers, RickO >>
Sorry RickO, I wanted to edit your Quote.
<< <i>Perhaps now that the old drunk is incapacitated, we can make some progress. Cheers, RickO >>
No, but "perhaps" Congress and the mint (and collectors) will quit trying to force an unwanted coin down the throats of an unwilling pubic. I doubt it, though. Cheers, Jim.
+
No one wants to lug around a pocket full of coins anymore.
<< <i>Because having a paper dollar bill.....make is seem real. + No one wants to lug around a pocket full of coins anymore. >>
how many $1 do you carry around? Unless you are wrapping a wad of them with a $100 to impress the ladies I doubt you have many. Why would that change if they were coins? Carry a couple dollar coins, some $5s, $10,s and $20s.
<< <i>
<< <i>Because having a paper dollar bill.....make is seem real. + <STRONG>No one wants to lug around a pocket full of coins anymore</STRONG>. >>
how many $1 do you carry around? Unless you are wrapping a wad of them with a $100 to impress the ladies I doubt you have many. Why would that change if they were coins? Carry a couple dollar coins, some $5s, $10,s and $20s. >>
I agree, no one is forcing you to carry or even receive a $1 bill. Do like you do in Canada and carry a few dollar coins and $5 dollar bills. It's your choice, you have this freedom why not use it and stop the crying. The mint can make all the $1 bills they want to waste their money on it doesn't mean you have to buy it. If a cashier tries to give you a $1 politely ask for your change in quarters, or put in enough so that your change is a $5. Geez is it that hard to see the solution to this problem? If you don't like the $1 then STOP using it.....
I was a Monkey
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
That's very interesting. I did not know this.
They fall through the cracks.
``https://ebay.us/m/KxolR5
<< <i>Strippers don't like SMALL dollar coins.
They fall through the cracks.
Just swip your card when they turn around. lol
I was a Monkey
You want to see that?
<< <i>Wont take many coins to put these "pants" down to the ankles
You want to see that?
I was a Monkey
Because the US government likes waisting tax payers dollars to use a short term solution when a long term solution is available.
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
I've seen some of the documentaries on the paper manufacturer and I just cannot believe if involves "that many" jobs! What are we talking here? 100, 200, 300?
It's not like it's thousands of jobs.
The name is LEE!
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
The Senator from Chappaquiddick will never permit elimination of the $1 bill.
Mark
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>
<< <i>Because having a paper dollar bill.....make is seem real. + <STRONG>No one wants to lug around a pocket full of coins anymore</STRONG>. >>
how many $1 do you carry around? Unless you are wrapping a wad of them with a $100 to impress the ladies I doubt you have many. Why would that change if they were coins? Carry a couple dollar coins, some $5s, $10,s and $20s. >>
Great point LanLord!
I never notice how many $1 bills I have until I get about 7 or 8 in my wallet. Then it gets too thick and I have to spend 'em.
I never even thought of this until now. But I've been carrying about $5 in dollar coins each day anyway cuz I like spending them.
I would not miss the dollar bill personally.
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
It's a short bus, so shouldn't it cost fifty cents ?
``https://ebay.us/m/KxolR5
<< <i>
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
The Senator from Chappaquiddick will never permit elimination of the $1 bill.
Mark >>
I don't know if it's jobs more than it is just money. They must make a FORTUNE off the BEP
if they are the only supplier. Governmint contracts anyone?
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
Liberty: Parent of Science & Industry
<< <i>soon my friends, very soon (in our lifetimes) we will see the end of the once proud but now stupid one cent coin and the once useful but now obsolete paper dollar >>
100 years of the Lincoln Cent is enough IMO.
Besides, it takes TOO long to scroll through the PCGS price guide for Lincolns
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
<< <i>100 years of the Lincoln Cent is enough IMO.
Besides, it takes TOO long to scroll through the PCGS price guide for Lincolns
Just wait until the Prezzie bucks are finished
``https://ebay.us/m/KxolR5
<< <i>most folks prefer $1 bills to dollar coins. that might not be the case on this board, but the general populace far prefers bills over coinage. >>
Do you suppose we're in line for fractional currency like 5 cent, 10 cent, and 25 cent "notes"?
The general population doesn't give a squat what type of "change" they receive as long as it's negotiable! I have yet to see anybody piss and moan because I gave them a one dollar coin! They are always delighted! But that's just my observations.
If the US Congress would cease production of the dollar bill, I'd bet even money that the US public would embrace $1 and $2 coins!
All this hogwash about carrying a pocket full of coins is just that, hogwash! Rarely does anybody ever carry more than 10 ones at a time. These are either spent (in leiu of a $5 bill) or exchanged for larger denominations.
When withdrawing dollar amounts greater than $500 for cash transactions, how many folks get the money in twenties if given the option for hundreds?
Yes there are many hurdles to overcome integrating a one or two dollar coin into the US Market place but it is not an impossible task. As Beth Deisher stated in one of her Coin World Editorials, Congress doesn;t really care about saving $500+ million dollars a year as they are more interested in there Billion and Trillion dollar budgets!
If you want the dollar bill to go away, write your Congressman. Maybe he or she will listen...............
The name is LEE!
<< <i>
<< <i>100 years of the Lincoln Cent is enough IMO.
Besides, it takes TOO long to scroll through the PCGS price guide for Lincolns
Just wait until the Prezzie bucks are finished
Yea, the NEW STATE DOLLAR program to follow in the footsteps of the state quarter program.
I was a Monkey
will result in job losses? How about other US companies? Oh hey , they dont have a
guardian angel . Well Boo Hoo , and dont cry for Crane and Company . They make
paper for other countries currency .
And of course , the 5 , 10 , and 20 dollar notes are produced in Billings Montana ,
while the 50 and 100 dollar denominations have a plant not to far from the
Grand Old Opry in Memphis !
Hey , Kennedy , how about printing $500 notes in place of the $1 ?
I bet there would be a popular following for that project !
Check out www.crane.com . They also produce stationary and assorted
other products .
That's my two bucks worth !!
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
There is plenty of demand for paper elsewhere. Congress should tell Crane and Chappaquiddik Ted to suck it up and compete in the market.
<< <i>Because the US government likes waisting tax payers dollars to use a short term solution when a long term solution is available >>
What's the solution? It obviously isn't one dollar coins...no one wants those...in fact, throughout American history very few people ever did. There's no replacing the one dollar bill....it can only be eliminated and I, for one, hope it's not.
<< <i>Perhaps now that the old drunk is incapacitated, we can make some progress. Cheers, RickO >>
Of course the status quo is so entrenched now that we'll probably get a little clockwork
Kennedy when the time comes which can always find progress and get in the way. Noth-
ing changes any more even as all the things underpinning our society and economy evolve.
This is a prescription for disaster.
<< <i>
<< <i>soon my friends, very soon (in our lifetimes) we will see the end of the once proud but now stupid one cent coin and the once useful but now obsolete paper dollar >>
100 years of the Lincoln Cent is enough IMO.
Besides, it takes TOO long to scroll through the PCGS price guide for Lincolns
Even with DSL it takes too long to load.
<< <i>
Yes there are many hurdles to overcome integrating a one or two dollar coin into the US Market place but it is not an impossible task. As Beth Deisher stated in one of her Coin World Editorials, Congress doesn;t really care about saving $500+ million dollars a year as they are more interested in there Billion and Trillion dollar budgets!
............... >>
Of course the reason that we have trillion dollar deficits is that they don't care about $500,000,000.00
<< <i>
<< <i>Because the US government likes waisting tax payers dollars to use a short term solution when a long term solution is available >>
What's the solution? It obviously isn't one dollar coins...no one wants those...in fact, throughout American history very few people ever did. There's no replacing the one dollar bill....it can only be eliminated and I, for one, hope it's not. >>
Americans have not been given a chance to vote on the dollar coin. Banks
won't pass them out so nobody will make provisions to use them.
Coins can't circulate if banks don't issue them. This is the source for all the
coins and notes.
-D
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
<< <i>What's the solution? It obviously isn't one dollar coins...no one wants those... >>
I read that a lot, but I've asked people I know on and off whenever the mood strikes me, and most have never been given (or even offered) one in change. Personally, I've received a grand total of *one* in change since the Sac dollar came out. Kind of hard to reject something you're never offered, I'd think.
<< <i>in fact, throughout American history very few people ever did. >>
Throughout a significant portion of American history, a dollar was a lot of money- probably comparable to $20 or $25 today. This would mean that a dollar today would roughly equal a nickel back then, when they made 5c coins which people readily accepted and used.
That way, a dollar coin made from .900 silver would be about the size of a dime.
And, a $100 gold coin, that would be a bit smaller than a dime.
<< <i>Why not remonitize the precious metals? >>
Because the government wants to be able to create money out of thin air. Can't do that with gold and silver.
<< <i>Why not remonitize the precious metals?
That way, a dollar coin made from .900 silver would be about the size of a dime.
And, a $100 gold coin, that would be a bit smaller than a dime. >>
There's not nearly enough metal to run the economy at these prices. If they started buying
it up to coin it the hundred dollar bill would be the size of a dime.
I don't know why they don't just stop making the dollar, and my name ain't bill.
Ray
<< <i>
<< <i>
Yes there are many hurdles to overcome integrating a one or two dollar coin into the US Market place but it is not an impossible task. As Beth Deisher stated in one of her Coin World Editorials, Congress doesn;t really care about saving $500+ million dollars a year as they are more interested in there Billion and Trillion dollar budgets!
............... >>
Of course the reason that we have trillion dollar deficits is that they don't care about $500,000,000.00 >>
Why should they?
Over budget?
Never fear,
the Federal Reserve
System is here!
Just take out another loan for 100 billion Dollars!
The name is LEE!
<< <i>I, as a bartender/server would absolutely hate to carry around $40 in coins.
-D >>
So you are saying you carry 40 one dollar bills?
The name is LEE!
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
Nope - that is the smokescreen story.
The real story as to why the paper dollar isn't discontinuued in favor of a coin is this:
In the USA, the paper dollar and the metallic dollar are issued by two different (competing) entities. The metallic dollar is issued by the government-owned US Treasury (US Mint). The paper dollar is issed by the corporate-owned Federal Reserve. The Federal Reserve doesn't want the dollar coin to succeed. They receive great benefits (and profits) from being the sole supplier of all paper currency and digital currency in circulation. Constitutionally, this priviledge should be reserved exclusively for the US Goverment, but Woodrow Wilson and F.D. Roosevelt let it slip into the hands of international bankers.
Last year, there was a bill in Congress to turn over complete control of the US Mint to the Federal Reserve. That bill did not go forward, but if it had passed, we would have seen the paper dollar withdrawn in short order in favor of the dollar coin. Additionally, since the US Mint is the official custodian of the Nation's entire gold reserves, at the stroke of a pen that bill would have turned over to corpoate interests the largest gold reserves in history.
PS:
I use the dollar coin everywhere I go. I've spent over 30 at once before.
<< <i>So you are saying you carry 40 one dollar bills? >>
I'm sure the person carries them around for the duration of his/her shift before they can trade them in....I'd rather not carry a tray of food with 2 pounds of change jingling around in my pocket...
<< <i>Id like to see $40 in Ikes in these guys pants!
I've been carrying around about 15 of them for better than a month.
No worse than my keys.
Course my pants fall off real quick in the potty but thats a different story all in itself!
The name is LEE!
maybe "dollar coin tuesday"
Who know, we could start a trend!
<< <i>I'm sure the person carries them around for the duration of his/her shift before they can trade them in....I'd rather not carry a tray of food with 2 pounds of change jingling around in my pocket... >>
Is there a reason the server couldn't stop by the register and swap them out for bills if they got too many? It's not like it would take more than about 30 seconds to do so.
edited to add...
Bottom line- every argument in favor of keeping the dollar bill today would have been an argument in favor of printing a 25 cent bill and getting rid of the quarter in 1975. Nobody thought a paper quarter was needed at the time- what's changed since then?
<< <i>
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
Nope - that is the smokescreen story.
The real story as to why the paper dollar isn't discontinuued in favor of a coin is this:
In the USA, the paper dollar and the metallic dollar are issued by two different (competing) entities. The metallic dollar is issued by the government-owned US Treasury (US Mint). The paper dollar is issed by the corporate-owned Federal Reserve. The Federal Reserve doesn't want the dollar coin to succeed. They receive great benefits (and profits) from being the sole supplier of all paper currency and digital currency in circulation. Constitutionally, this priviledge should be reserved exclusively for the US Goverment, but Woodrow Wilson and F.D. Roosevelt let it slip into the hands of international bankers.
Last year, there was a bill in Congress to turn over complete control of the US Mint to the Federal Reserve. That bill did not go forward, but if it had passed, we would have seen the paper dollar withdrawn in short order in favor of the dollar coin. Additionally, since the US Mint is the official custodian of the Nation's entire gold reserves, at the stroke of a pen that bill would have turned over to corpoate interests the largest gold reserves in history.
PS:
I use the dollar coin everywhere I go. I've spent over 30 at once before. >>
You lost me there somewhere around the third turn.
If the Fed is the one keeping the paper dollar in business, why would turning the Mint over to the Fed suddenly make the Fed want to get rid of the paper dollar?
TD
<< <i>
<< <i>
<< <i>50% of all US currency is $1 bills. There is just one supplier of paper to the BEP - Crane. Crane is located in Ted Kennedy's state.
That's why - jobs. >>
Nope - that is the smokescreen story.
The real story as to why the paper dollar isn't discontinuued in favor of a coin is this:
In the USA, the paper dollar and the metallic dollar are issued by two different (competing) entities. The metallic dollar is issued by the government-owned US Treasury (US Mint). The paper dollar is issed by the corporate-owned Federal Reserve. The Federal Reserve doesn't want the dollar coin to succeed. They receive great benefits (and profits) from being the sole supplier of all paper currency and digital currency in circulation. Constitutionally, this priviledge should be reserved exclusively for the US Goverment, but Woodrow Wilson and F.D. Roosevelt let it slip into the hands of international bankers.
Last year, there was a bill in Congress to turn over complete control of the US Mint to the Federal Reserve. That bill did not go forward, but if it had passed, we would have seen the paper dollar withdrawn in short order in favor of the dollar coin. Additionally, since the US Mint is the official custodian of the Nation's entire gold reserves, at the stroke of a pen that bill would have turned over to corpoate interests the largest gold reserves in history.
PS:
I use the dollar coin everywhere I go. I've spent over 30 at once before. >>
You lost me there somewhere around the third turn.
If the Fed is the one keeping the paper dollar in business, why would turning the Mint over to the Fed suddenly make the Fed want to get rid of the paper dollar?
TD >>
Because if the Fed "owned" both the paper dollar and the metallic dollar, they would go with the lowest cost item (the metallic dollar).
But the metallic dollar is a competing product to the Fed's paper dollar, so of course, the Fed would like the metallic dollar to go away.
A dollar bill; less than 2 years.