Options
POLL: Stop $1 bill production, ramp up $2 bill's and $1 coins
ChrisRx
Posts: 5,619 ✭✭✭✭
Good idea?
0
Comments
Could even keep the $5 bill, but make limited #s. Might be different enough to catch on.
Or, we can just leave it as is.......
Also looking for VF-EF Seated halves.
Sell me your old auction catalogs...
<< <i>Good idea? >>
No I think its a bad idea for one reason only that it will put many people out of work in the state of Massachusetts were the crane paper company is located that supplies the currency paper.
BST Transactions: DonnyJf, MrOrganic, Justanothercoinaddict, Fivecents, Slq, Jdimmick,
Robb, Tee135, Ibzman350, Mercfan, Outhaul, Erickso1, Cugamongacoins, Indiananationals, Wayne Herndon
Negative BST Transactions:
We pay high taxes, and I'm not interested in weighing down my pockets with a bunch of dollar coins. Do you honestly think that any savings that might come from forcing unpopular coins and currency down our collective throats will benefit us? If you do you are a dreamer. The Government spends money like water and does not care.
Nobody wants the $2 bill. Many people think they are bad luck. You can't force people to use them any more than you can get the half dollar back in circulation.
<< <i>Nobody wants the $2 bill. Many people think they are bad luck. You can't force people to use them any more than you can get the half dollar back in circulation. >>
I have never had anyone respond negatively to a $2 bill, and I spend them literally every single day.
<< <i>$5 bill and $1 coin would make more sense. >>
I like this idea better than a two dollar bill.
Phasing out dollar bills would be seen by many people as yet another form of unwanted government social engineering. We're not Canada and we're not the UK; the people of the US are hard headed and vigorously resist any intrusions by the government into their lives. Phasing out dollar bills would be seen as a move by bureaucrats to force people to use a coin that they have been rejecting since 1979, simply for the convenience of the government. News organizations would run scary stories about the negative impact the changeover would have on waiters, valets, street vendors, working people who don't have bank accounts, and so forth. Die-hard "wallet men" like my Dad would gripe; instead of carrying 30 or 40 bills in their wallets, they'd have to carry coins, and they'd worry about sounding like a maraca when they walk. Women would complain that, at the end of a day of shopping, their purses would weigh a ton. And young professional types would complain that, since they work when banks are open, they'd never be able to trade up their dollar coins to larger bills and so they'd be stuck with dozens of coins each week.
Now, as for me, I suppose I'm just mildly opposed to phasing out the dollar bill. When I get dollar coins now, I bring them home to the kids, and they disappear into dresser drawers. The soft drink machine at work was recently modded to handle dollar coins as well as bills, and that's encouraging. A Coke in the machine is $1.00, so a dollar coin basically becomes a coupon good for one soda pop. I might have to find some of those coins squirreled away here at the house to finance my lunch breaks. I certainly won't carry dollar coins like I do bills, though. It's no big deal for me to end up with 7 or 8 dollar bills by the end of the work week, and I can't imagine carrying that many coins.
Choppy
<< <i>...vigorously resist any intrusions by the government into their lives. >>
I very strongly disagree. It's been many years of government spending
and inflation that has gotten us to this point where the largest circulating
coin (thje quarter) is worth much less than 10% of what the largest circu-
lating coin was worth in 1960. That coin (the silver half) was hardly seen
as some albatross weighing down Americans even though that coin was
significantly larger AND heavier than the new dollar coins.
People don't want to change and they have gotten used to an obsotete
coinage system. It seems to me that the question should be weighed by
its merits or lack thereof rather than how people think they will like the
change. In every country that coins have been forced into circulation the
people quickly came to prefer it.
The simple fact is that for the vast majority of people it is more conven-
ient to have coins for small purchases than paper or electronic payment.
But even those few who will be inconvenienced to whatever degree will
be costing the country less to make purchases, they will be saving energy
and resources, and they will be recieving and passing on fewer diseases
which lurk in paper money.
These are facts rather than opinions.
had currency with as little buying power as our one dollar bill.
That currency was always good for a laugh. We even tended to
snicker at the country a little. Imagine using currency to purchase
a stick of gum or a newspaper.
We're doing it now.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.