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Old 12-14-2011, 12:23 PM   #21
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For the record, I'm against the dollar coins. I don't like them, others don't like them, the cost to print bills is a relative drop in the bucket. And, at this particular time I don't think we should be making changes to US currency.
For the record, I am against all the coins. Come to think of it, I am against all forms of cash. Since I don't want to carry any coins and only keep very little any cash with me, I am frequently in the situation that I can't use vending machines when the only bills they take are singles, and I don't happen to have any singles in my wallet. All vending machines should be equipped with credit/debit card readers and/or system I have seen in Nordic countries in Europe that allows one to use a text message to pay for vending. Last time when I was in Helsinki, I was also able to pay for parking and public transportation by sending text messages with my prepaid cell phone (local SIM card required).
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Old 12-14-2011, 01:03 PM   #22
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1) A dollar today is about like a quarter in (say) the 1970s. People didn't mind carrying quarters in the 1970s even though they represent approximately the same purchasing power as a dollar does today.

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Yes, but back then 4 quarters would buy you a bag of groceries, whereas today you would have to carry 20 dollars in coins to buy the same amount.
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Old 12-14-2011, 04:30 PM   #23
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Yes, but back then 4 quarters would buy you a bag of groceries, whereas today you would have to carry 20 dollars in coins to buy the same amount.
Yes, and remember how back then you had to pay cash or write a check (remember those?) for your groceries? I can't remember the last time I used either at the grocery store.
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Old 12-14-2011, 10:20 PM   #24
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My friend is a male belly dancer (which is how I know about coins vs. bills ). He hates coins so much - says that when they drop them into his pants, he feels like a "one arm bandit"

Every Monday he goes to his bank with a wad of bills coated in glitter, body oils and sweat. The tellers see him coming and put on gloves.
This thread is useless without pictures.
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Old 12-14-2011, 10:53 PM   #25
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I'm okay either way -- either stop trying the dollar coin experiment or stop making the paper dollar. They WILL NOT coexist in common commerce. Period. History is abundantly clear on that.

Though it is interesting to see that despite people's common distaste for carrying coins around for pocket change, a few things should be noted:

1) A dollar today is about like a quarter in (say) the 1970s. People didn't mind carrying quarters in the 1970s even though they represent approximately the same purchasing power as a dollar does today.

2) Until 1963 half dollar coins were very common in circulation. It was only after the design was changed to bear the likeness of JFK starting in 1964 that they really stopped circulating. In the 1970s when I was a kid they were seen in change, but not that much, and by the 1980s they were all but gone to the point where everyone considered the quarter to be the largest coin in "change".

3) Until we started putting the likeness of dead presidents on coinage, design changes were common -- often every 25-40 years. Until the last few decades, the longest-lived coin design was the "Seated Liberty" coins from about 1837 to 1891 -- and even that had some changes to the reverse design. Today *every* mainstream denomination in change has had the same basic design for at least 65 years (the dime was changed in 1946). The cent has had the likeness of Lincoln for 102 years!

So in some sense, our hard-line against "changing change" is unprecedented (and, IMO, hard-headed).
To boot there did used to be silver dollars that became copper dollars in the 1960s. You saw them out west and in casinos because they worked in slotmachines since dollar bill readers had not been invented yet. The last of the large silver dollars had Eisenhower on it. Then they made the mistake of shrinking the coin to the size of a quarter and the trouble started. Now where I grew up in the Midwest you did not see many of the silver dollars, but the old ones had an actual amount of silver that was worth one dollar.
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