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- chicagojack, on 11/14/2008, -9/+20It would be an impressive list of top boneheaded ideas from our gov
- Cancerkitty, on 11/14/2008, -0/+10It would be a list without end.
- SadMartigan, on 11/25/2008, -0/+11Here in Europe the smallest bill I can find is a five.
1 and 2 Euros are coins.
It makes for a heavy and noisy walk back from the corner market, but it kind of makes sense to me.
I wonder, though, if it really makes counterfeiting harder?
It also makes sense to have different sized and colored bills to me. Maybe these crazy socialists are rubbing off on me. =^)- t3hbagel, on 11/15/2008, -7/+4Here in America, we've had dollar coins FOREVER.
The only problem is WE DON'T LIKE THEM, and they don't catch on.
Why is the government trying to force this crap on us? Give me paper money any day. - Stroggoth, on 11/15/2008, -0/+11The dollar is becoming worth less and less; that is why in Canada they introduced not just the $1 coin, but a $2 coin. Aside from the weight, they are superior to the one dollar bills that clutter the wallet.
- stagmire, on 11/15/2008, -7/+1"The dollar is becoming worth less and less"
Not really. - novenator, on 11/15/2008, -0/+10t3, *you* may not like dollar coins, most of us Americans who have experience dealing with the equivalent of dollar coins (ie. Euro, Pound, etc.) in foreign lands much prefer them.
- paulsabo, on 11/15/2008, -5/+1Canadian here, I'd rather have dollar bills any day
and ***** the toonie - elipabst, on 11/15/2008, -2/+2"Aside from the weight..."
Yeah exactly. Nothing more comfortable than having 15lbs of change in my pocket... - SnoopE89, on 11/15/2008, -2/+1"Yeah exactly. Nothing more comfortable than having 15lbs of change in my pocket..."
That's just excessive, you don't have to carry 15lbs of coins in your pocket unless your ***** retarded and want all your money in ones, get to a f'ing bank, and change them for their bill equivalents, cynical people like this are the reason nothing ever gets done, it has been done for years in other countries and it works.
Pros : "Would last longer, be cheaper to produce, be more environmentally friendly, and probably harder to counterfeit."
Cons: Oh no I have to carry an extra .000001203843844 of a pound in my pocket, eat a dick and die "elipabst".
And as for the person that wrote this article, get to a ***** bank you lazy *****, the coins laying around your house should be in the bank if you don't want them their, thats what the ***** bank does, it STORES MONEY.
/End Rant - elipabst, on 11/15/2008, -0/+1"unless your ***** retarded "
It's you're, not your
"get to a f'ing bank, and change them for their bill equivalents"
Yeah, banks aren't open 24-7. So after a night of drinking I end up with a metric assload of change.
"be more environmentally friendly,"
I'd like to see some evidence that strip mining for metals is more environmentally friendly than using paper. If you need more paper currency, you can just plants some trees which is good for the environment. If you need more silver, gold, iron, or zinc you have to dig a big ***** hole in the ground.
"eat a dick and die "elipabst"."
Um, you seem to be wound a little tight.. We're talking about currency, so how about you relax Francis.. Are you off you're meds again or did mommy just not hug you enough as a kid?
- t3hbagel, on 11/15/2008, -7/+4Here in America, we've had dollar coins FOREVER.
- Jareth86, on 11/15/2008, -0/+7Actually, I'd love a dollar coin. I've never seen so much as an ad for one though. If the government wants us to use dollar coins so badly, give them to restaurants and stores to give out as change, and mandate that vending machines accept them and dispense them.
And you know what else, lets mandate that vending machines accept pennies while we're at it. its legal tender, yet every machine treats them like counterfeits. - mshtml, on 11/15/2008, -5/+1If the coins aren't made of gold or silver they are as worthless as the paper dollar.
- SadMartigan, on 11/25/2008, -1/+1Just about as worthless.
Although paper can be burned for heat, metal can be recycled into a small intrinsic value.
Pennies would be worth the copper they're made of (or should be made of.)
But I know what you mean. - Mujokan, on 11/15/2008, -0/+6Please wire me all your worthless dollars.
- SadMartigan, on 11/25/2008, -1/+1Just about as worthless.
- noahtron, on 11/15/2008, -0/+2we have $1 coins in canada and they ROCK - very convenient at the laundromat!!
we also have $2 coins... which were weird at first but they're pretty handy too. - xptoast, on 11/15/2008, -0/+1I find it pointless because honestly we can never pay the FED back completely anyhow. However if you think about it there should be more money in direct proportion of resources/product/services at that current point in time. Is money not that a valuation of those three things anyhow? Whatever...current monetary systems piss me off.
- RogueTomato, on 11/14/2008, -6/+17MIA - Paper Coins.mp3
- Jforsyth89, on 11/15/2008, -0/+9I fly like paper, get high like...coins?
- Exzhaton, on 11/15/2008, -0/+4All I wanna do is *Pew Pew Pew Pew* and I *Click**Cha-Ching* and take your change.
- potofgravy, on 11/15/2008, -0/+1..money?
- Harbinger67, on 11/15/2008, -12/+1Oooo, another song that everyone thinks is "underground" and that makes them cool because they play it at parties, but in reality one that EVERYONE knows about and listens to. Sweet!
- cyrix, on 11/15/2008, -0/+8Go back to your indie rock douche. Christ I hate people like you.
- Myonosken, on 11/15/2008, -0/+2***** you. People listen to it because it's a good song.
- xptoast, on 11/15/2008, -0/+1I cant find that song...is that really a song?
- Jforsyth89, on 11/15/2008, -0/+9I fly like paper, get high like...coins?
- AmyVernon, on 11/14/2008, -6/+131I don't agree. Everywhere I've traveled abroad in recent years has had dollar coins and it's actually far easier. Haven't found it to be a problem at all. The main problem here: Vending machines won't take 'em (except at the post office), so that would have to change (http://instantrimshot.com) first.
- weif, on 11/15/2008, -8/+4and most till drawers in the U.S. aren't set up to deal with them...
- cyrix, on 11/15/2008, -0/+3That makes no sense at all. You give them a few dollar coins, they input it the same as they would dollar bills....where exactly is the problem here?
- fierylungs, on 11/15/2008, -2/+2He means that the drawers have not physical space for dollar coins. Not rly a valid 'con' for the dollar coin imho.
- ripismoney, on 11/15/2008, -0/+2In our drawer at subway we have an extra space next to the quarters. Right now we use it for paperclips, but it wouldn't be too challenging to use it for dollar coins. That's where I put the few we get right now at anyway.
I figure the paper dollar will always be around, but for vending machines the dollar coins would be the way to go -- never have to worry about your money being too wrinkled up or tearing. Goes through the wash invincible. I'm not about to start carrying around 20 dollar coins in my pocket, but that's why they invented the five, ten, and twenty dollar bills. - weif, on 11/26/2008, -0/+1so, you have spaces for pennies, nickles, dimes, quarters and one other space, which gets filled with fifty cent pieces, dollar coins, foreign coins that accidentally get accepted, paper clips (as you pointed out) etc. This doesn't get used as a source for returning coin or currency to the customer, because it jsut gets too complicated. It's easier to go to the paper money, where you have ones, fives, tens, twenties, and another space where hundreds, fifties, twos, checks, and credit card receipts are stuffed. there's less of an issue with the bills than with the coins, but the same kind of thing shows up with two dollar bills. There isn't a place to put them in the drawer to make them visible and easy to manage, so they get stuffed in with the big bills and checks.
these last two bins/slots/whatever-you-want-to-call-them in the case drawer don't get used - except sometimes by an intelligent employee who wants to look to see if there's a 50 to make change for a smaller purchase on a larger bill. What happens in practical use is that these two bins get emptied at the end of the night and their contents taken to the bank to be deposited. the dollar coin is usually taken out of active circulation after just one use.
- jumanous, on 11/15/2008, -1/+59Agreed. Coins are far better than notes... I remember making a call on a pay phone when I got to LAX, and I dialed the wrong number... there were so many quarters pouring out it was like I was in Vegas.
In Australia we have $1 coin, $2 coin... if you ask me a $5 coin would be handy too. Plus we have dropped the 1c and 2c coins all together. In the US you feel like you have a billion dollars in your wallet and you only have 20 bucks. It's retarded. Not to mention all the notes having the same colour.
It seems Americans as a rule tend to complain about change just because it is different (excuse the pun). The metric system... come on guys.
Honestly though, I think it is all a moot point... after this economic crisis pans out to its conclusion, cash will be a thing of the past. Cashless society here we come.- Batfishy, on 11/15/2008, -1/+7Coins last longer and are more cost efficient than paper. Is it crazy for Americans to have to give up a small convenience? Really? Because that sucks and I am not young or idealistic. Are we like those kids on Supernanny? Crazy-spoiled and a little scary?
- darienphoenix, on 11/15/2008, -0/+21Better than just introducing coins, the US should introduce plastic currency like Australia. Our notes are indestructible and colour coded, yours are easy to ruin and pretty much indistinguishable from one another unless you use them frequently or take a good look.
Oh, and get rid of the F'n imperial system. Seriously, there's two countries in the world which still hang onto the imperial measurement system - the US and a third world country in Africa no one ever remembers the name of.
The imperial system is a pain in the arse, mainly because the US is the only country which uses it. Learn how to fly a plane, and you have to do everything in imperial because it's the defacto standard because of the US. Bloody irritating. - celotil, on 11/15/2008, -0/+3Actually, Australia Post occasionally sells small runs of $5 coins in commemorative boxes.
My Mum has four and they are legal tender.
Apparently there's even $10 coins sold once in a blue moon. - Batfishy, on 11/15/2008, -0/+2darien - that's better yet. Some things should be made of plastic. Save oil for that.
- drewh1991, on 11/15/2008, -2/+1I'll agree, I like your paper money, but your coins SUCK! They're HUGE! And heavy! Carry around a few of those 50c ***** in your pockets and your pants will be at your ankles.
- FairDinkumMate, on 11/15/2008, -0/+1@drew - I agree about the 50c coins - they are ridiculous. But they are also from another time! 50c coins came out when we first went to decimal currency in 1966(or maybe soon after) & at the time coin sizes got bigger with denominations(except that the silver 5c coin was smaller than copper 2c!).
When Australia introduced $1 coins they realised they couldn't go bigger so they made them much smaller(smaller than 20c) & gold coloured rather than silver. The $2 coin introduced later is even smaller than the $1. It sounds confusing but as with all money, you get used to it quickly if you use it everyday. So the 50c & 20c are the only large coins we have & 50c coins aren't in use anywhere near as much as the others(I think it's because people can't count very well!) - rajulkabir, on 11/15/2008, -5/+1Australia's plastic notes truly suck. Why are Australians always so keen on them? I lived in that infernal hellhole for years and the plastic money was one of the worst nuisances (after the drunks, the ISPs, the drivers, the prices, the flies, the accent, the food, and the elephantine phone plugs). They don't hold a crease, so they're always straightening up when you put your money down for a second, which usually causes some of them to fly off the table/counter/whatever. They are slippery as eels, so when you pull one out of your pocket, it's all too likely that one or two others will quietly fall on the pavement behind you. After a year or two in circulation they start to get ugly permanent kinks at strange angles, which makes them look tawdry and be impossible to stack neatly.
My best guess is that Australians are excited about them because they're different, not because they rationally prefer them. There are so few things about Australia that are innovative or interesting that they have to cling to ridiculous things like the cumbersome and inappropriate substance used to mismake their money.
And don't get me started on the asinine $1 vs $2 coin thing. Go to New Zealand and learn about common sense. - Myonosken, on 11/15/2008, -1/+1Cashless society? Wtf, I'm thinking you're overestimating how bad the crisis is going to get. Many areas of the world are starting to pick back up or have at least peaked- this will never be a Great Depression.
- uncleosbert, on 11/15/2008, -1/+7i agree. vending machines are never fiddly about coins and my dollars are typically all messed up and unusable.
sadly, i will miss wheresgeorge.
http://www.wheresgeorge.com/ - wycheck89yo, on 11/15/2008, -0/+6The vending machines at 2 places I've worked at took dollar coins, and they're really handy. I wouldn't replace paper with coins, but 9 times out of 10, I'd rather have the coins. I mean what do you use paper money for anyway? Vending machines, right? Everything else goes on the debit/credit card. You never have to worry about if coins are too wrinkled, and you can tell how many you have just by feeling around in your pocket (go ahead and negate my post by making a pocket pool joke).
Also, if you get one of the purple Crown Royal bags, you can fill it with gold coin 'booty'. Fun times - brownsound00, on 11/15/2008, -0/+4loonies ftw.
- Seidoger, on 11/15/2008, -1/+5Every time i go to the US (I'm Canadian, used to bills of $5 minimum), my wallet gets super full of $1 bills.
And i don't use them, because it takes too long to count money in the US..I take the larger bills and stuff the change right back in there.
It may sound stupid to some but for me, having to read the number on the bill takes longer than identifying what color it is (and in the US they're all black on white, with maybe a little splash of color that doesn't make much a difference. But that's another problem in the form of a very subjective opinion. I suppose you get used to it.
But yeah anyway, all in all: coins = ultra durable. - col381, on 11/15/2008, -0/+5I agree - most countries have a $1 coin, most also have $2 coins so that the smallest note you can get is a $5. This works fine. I have lived in the US, the Uk and Australia (both Australia and the Uk have both $1 and $2 coins) and have found it far more convienient to carry a few of these larger denomination coins as it means I can then carry less smaller change. In effect the larger coins don't add to your pocket - they reduce the amount to need to carry.
- DiggityDugged, on 11/15/2008, -0/+2Yeah, I agree too. When I was in Europe, I found the several dollar Euro coins to be pretty enjoyable to use. It's much better than a bunch of large one dollar bills stuffed into my wallet. I think dollar bills are still great for amounts 10 or 20 and higher, but everything below that should be coins.
Honestly, everything should be priced around quarters. People talk about pennies being useless, but really nickels and dimes are as well. - NickAv, on 11/17/2008, -0/+1Agree. In Canada we use a one and two dollar coin (loonie and toonie) (yes were cool enough to give them gay little names) anyway from the governments perspective coins are much easier to use in circulation as they persist longer as a result of being made of durable metal as opposed to flimsy paper which degrades quickly and carries disease which from a financial standpoint is uneconomical as new low value bills have to be re-printed continuously.
Not to "America Bash" but the rest of the world is doing it, its smarter, its cheaper, its simpler
Now if your country could get its ass in gear with the whole "outdated and inaccurate" system of measurement thing the world would be grateful.- evilJaze, on 11/17/2008, -0/+1Yes, but America prides itself on doing its own thing.
- weif, on 11/15/2008, -8/+4and most till drawers in the U.S. aren't set up to deal with them...
- Relaxxation, on 11/14/2008, -0/+63"...$700,000,000,000...that’s more than most of us make in a whole goddamn year..."
Yeah, but only slightly.... ;-)- atomic811, on 11/15/2008, -2/+7I want a 14 dollar bill. Then hand a cashier 5 of them and watch them try to count it up.
- samoan27, on 11/14/2008, -16/+52We make $1 coins for one reason and one reason only: to get women's rights activists off our back.
- wycheck89yo, on 11/15/2008, -2/+15Oh, they'll bitch when we start chucking metal coins at the strippers too. There's just no pleasing the freakin' feminazis.
- Aroundtown27, on 11/15/2008, -0/+5that is what we Canadians do with our loonies!
- GothAlice, on 11/15/2008, -0/+1Hey, up in Dawson's Creek (far north of BC, FYI) the strippers get quarters. And after their set, they go around with a magnet on a string to pick up the change. It's a great way to not have the strippers within arms length of the Johns. ;D
/Sarcasm
(But really; they do get small change thrown at them.)
- oneredeye, on 11/15/2008, -1/+5But they stopped minting Susan B. Anthony dollars...
- unconquerable, on 11/15/2008, -2/+3There is a native american women on the dollar coin now, Sacagawea to be precise.
- oneredeye, on 11/15/2008, -0/+3They stopped minting those too in favor of the Presidential Dollar coins.
- punkcat, on 11/15/2008, -0/+1I want to be able to spend my presidential commemorative plates.
- TheOneTrueGod, on 11/15/2008, -0/+2Only because of the all the current moneyprinting, two dollars are soon going to be worth as much as one, so the government is actually just turning the one dollar note into what it's going to be anyway: Change.
- wycheck89yo, on 11/15/2008, -2/+15Oh, they'll bitch when we start chucking metal coins at the strippers too. There's just no pleasing the freakin' feminazis.
- mac888, on 11/14/2008, -29/+81$1 should be coin and I greatly prefer coins. Every civilized country uses coin for small denomination currency except the US. It's long overdue, just like universal health care and retirement. Insert Republitard boilerplate replies below...
- FishHammer, on 11/15/2008, -14/+60Did you really have to call us Republitards? Are you 14? I'm strongly conservative and I have no ***** problem with a $1 coin. Stop being a jackass just because you can.
- Stroggoth, on 11/15/2008, -12/+5Quiet Republitard.
From your attitude, he was obviously right. - Owwmykneecap, on 11/15/2008, -8/+4A conservative teen...
You're doing it wrong. - dave11980, on 11/15/2008, -2/+2First he never said he was a teen, he said the mac888 was acting like a teen. Learn to read. Second, in case you haven't noticed we've had republican dominance for 8 years, these coins are their idea. Stop blaming the other side for everything and again, learn to read. You might even find that with your increased cranial capacity you find that some of those old conservative ideals like liberty and freedom from government interference are actually good ideas.
- Stroggoth, on 11/15/2008, -12/+5Quiet Republitard.
- archer104, on 11/15/2008, -13/+12Wait, why are coins better? To me they are clumsy, you have to dig around in the your pocket or purse for them, they are easily dropped. My pockets are valuable real estate that are already overcrowded with keys, phones, mp3 players, receipts, gum. With paper you easily pull out your wallet and flip through it. If I'm going to carry cash on me I want it all paper. I don't want to be forced to carry 5's 10's 20's AND coins.
- culbeda, on 11/15/2008, -2/+12Because they last for 20 years or more so they're cheaper for the mint/treasury to produce in the long run. Not to mention the fact that you're not as likely to horde a bunch of them because you're too goddamn lazy to spend them. If you've got 8 of them in your pocket, you're not going to go break another $20 bill to buy a frickin' cup of coffee at Starbucks. And the rest of the world has already shown that they work well.
THAT is why the rest of the civilized world uses them. And THAT is why the U.S. should us be using them as well. But thanks to ignorant, change-resistant people such as yourself, we'll probably be stuck wasting our money making $1 bills for the next 20 years. - archer104, on 11/15/2008, -8/+1"CHANGE-resistant people such as yourself"
lol
Oh, and shut the ***** up. You don't know me. I'll do whatever is the most logical option. In fact if they were able to perfect security then I would rather we would do away with paper and coins and just use debit cards. Way to project all your conservative daddy issues on to me.
"Not to mention the fact that you're not as likely to horde a bunch of them because you're too goddamn lazy to spend them. If you've got 8 of them in your pocket, you're not going to go break another $20 bill to buy a frickin' cup of coffee at Starbucks."
This is a very weak argument.
The only good argument I have heard is that it is cheaper to make coins and if it saved enough then I would be for it. - rajulkabir, on 11/15/2008, -1/+3I can rummage around in my pocket and come up with the correct change in coins while you're still trying to figure out which end of your wallet is which. In Europe at the moment and the Euro coins are a godsend for efficiency and speed of purchases.
- culbeda, on 11/15/2008, -2/+12Because they last for 20 years or more so they're cheaper for the mint/treasury to produce in the long run. Not to mention the fact that you're not as likely to horde a bunch of them because you're too goddamn lazy to spend them. If you've got 8 of them in your pocket, you're not going to go break another $20 bill to buy a frickin' cup of coffee at Starbucks. And the rest of the world has already shown that they work well.
- wycheck89yo, on 11/15/2008, -2/+16You had a valid point till you got stupid at the end. The election is over dude. We can stop polarizing ourselves. I'm sure there are Democrapheads who are opposed to taxing corporations and Republicrackers who are for universal health care (it works better if the insult you append to the root word starts with the last letter you use in the root. What the hell are they teaching in our schools these days?). You shouldn't hate people who are different than you. It is a very dangerous thing to do (see: U.S. race relations, ethnic cleansing in [insert African country here], Nazi Germany, etc.). Accept that we're not all the same and must co-exist. Isn't THAT what being a social liberal is all about? If not, you can stop pretending to care about equality for gays and minorities.
BTW, I'm liberal myself. I just don't like hypocrisy.
- FishHammer, on 11/15/2008, -14/+60Did you really have to call us Republitards? Are you 14? I'm strongly conservative and I have no ***** problem with a $1 coin. Stop being a jackass just because you can.
- doiveo, on 11/14/2008, -2/+127It's ok... we've had coins for $1 and $2 a long time in Canada and our society hasn't collapsed yet. We heard all the same rants but they turned out empty and false.
- torgo112, on 11/14/2008, -4/+11I don't think the article says it would collapse their society, just that Americans don't want it and it probably won't ever catch on.
- dargon, on 11/15/2008, -2/+11That's what Canada said too, look where it got us ;)
- kingmanic, on 11/15/2008, -3/+1If the mint stops making $1 coins, your desire for bill will be irrelevant.
- wycheck89yo, on 11/15/2008, -1/+4I love dollar coins. The only reason they haven't caught on is because the vendor machine... vendors don't want to update their machines. If you're around machines that will take the dollar coins (and a change machine that distributes them), it makes life so much easier. Just think about how lame it was to carry 10 dollars worth of quarters in your pocket at the arcade when you were a kid. Imagine if those 40 coins were only 10, and those 10 coins were a completely different size and weight than the rest of your change. It would have been a hell of a lot easier to locate and pop in one coin than pick 4 quarters out from the nickels in your pocket while the CONTINUE? screen counts down to zero.
- anononon, on 11/15/2008, -0/+6Like the metric system.
- BoneStamp, on 11/14/2008, -12/+5I agree, they're "OK" (but not great). Having lived in the US and Canada, I definitely prefer dollar bills... like coin dollars, you still have to consciously use them before you collect too many (or your wallet gets too thick) but at least they're in your wallet when you want to use them, rather than loonies and toonies which are sitting in a jar or in your cup holder when you could be using them at a cash register. The US doesn't have a two dollar bill, like Canada did... so, dollar coins would be more of a pain in the ass here than in Canada.
- tgc1, on 11/15/2008, -2/+5I kind of miss the dollar and 2 dollar bill. They were kinda neat.
- Jrv420, on 11/15/2008, -0/+1I have a few uncut sheets of one and two dollar bills saved away. The two dollar bill was cool.
- tgc1, on 11/15/2008, -0/+1Lucky you! I loved the 2 dollar bill for some reason. I always tried to collect 1's and 2's of crisp bills. It's not often a crisp bill gets into your hands.
- MikeSD34, on 11/15/2008, -0/+3You can still get 2 dollar bills at the banks, you just have to ask for them.
- wycheck89yo, on 11/15/2008, -0/+1True dat tgc1. I use a $2 bill for a bookmark when I'm studying for certification exams. Its my good-luck charm.
- RudeTurnip, on 11/15/2008, -0/+1They're no good at Taco Bell, though.
- OatmealBatman2, on 11/15/2008, -0/+4$2 bills are legal tender, so businesses are forced to accept them. Every so often we hear about a store not accepting $2 bills because a mentally vacant person thinks they're counterfeit.
- duggdowncatisad, on 11/15/2008, -6/+3Yes but your loonies are only worth like... oh wait never mind.
- darienphoenix, on 11/15/2008, -1/+13Americans hate change. They still use the ***** imperial measurement system for ***** sake. Doing any sort of Science or Engineering degree over there must be a pain in the arse.
You've elected Obama, now get a civilized set of bank notes/coins and ditch the Imperial measurement system.- Paulorific, on 11/15/2008, -0/+11They actually use metric in higher studies.
- drewh1991, on 11/15/2008, -1/+5I'm sure once this newer generation starts getting older, and all the.. uhh older people die, we'll convert to the metric system. We all learn it in school, and use it in science class in high school and in college.
- novenator, on 11/15/2008, -0/+3its damn hard to find a folding wooden metric stick here in the US. Too bad, because we use them all the time in the field, but usually have to find specialty stores in big cities and pay $20 or special order them from overseas.
- stanleyford, on 11/15/2008, -1/+3"They still use the ***** imperial measurement system for ***** sake." -- I've never understood why people get so emotional about this.The rest of the world uses the metric system, while Americans prefer the US customary system (which, you should note, is not exactly the same as the Imperial system). Yeah, it makes it difficult to exchange measurements, and if anyone should change, it should be the US, but, really, what's the big deal? If you don't live in America or plan to travel to America, why should you care how Americans choose to structure their society? Or does it just piss you off that Americans choose to be different?
- sealink, on 11/15/2008, -0/+2They do indeed emphasize metric in higher studies. I know the radius of the earth in km, but can't remember miles.
- glennkachmar, on 11/15/2008, -9/+4I am Canadian and hate the $1 coin (loonie) and the $2 coin (toonie). Resist this people!
- Khast, on 11/15/2008, -2/+1Yeah, but this is the US...we hate change...and we can prove it, just watch......
- torgo112, on 11/14/2008, -4/+11I don't think the article says it would collapse their society, just that Americans don't want it and it probably won't ever catch on.
- turtlegroove, on 11/14/2008, -10/+20Its true that other countries use far more coins than we do here in the US, however, it would really suck to sit on the subway and have $3 fall out of your pocket instead of cents..Though this would make homeless people much happier!
- Murdats, on 11/15/2008, -1/+9get a new wallet
- swgc5, on 11/15/2008, -0/+16Yes, all of our money falls out of our pockets because we use coins.
- cowsgonemadd3, on 11/15/2008, -0/+1Its called a coin purse....
- Paulorific, on 11/15/2008, -1/+5Those are my testicles.
- Kugelblitze, on 11/16/2008, -0/+1Thanks for making me have to explain to my co-workers why I just busted out laughing. :-(
- DonJuanAussi, on 11/15/2008, -1/+2If you are a casual business kind of guy, put larger denomination coins in your breast pocket. That fixes things for me.
Just be glad you aren't in Australia... Because it is a cute piece of history for academics, we have the $1 coin as twice the size of the $2 coin... There is a historical reason for this, and for eggheads like me it is interesting, but for everyone else it is a boring story. It does cause a lot of trouble for tourists though. - ericwf, on 11/15/2008, -0/+2get new pockets
- BeShirtHappy, on 11/14/2008, -3/+30I would have to train myself not to throw it in a jar (which is what I do we all my lose change). I think coins are more of an aggravation for men then women. Men put coins in their pockets... women have purses.
- shadeOfGrey, on 11/14/2008, -4/+12I can't even be bothered with jars anymore. All my change gets chucked in the sewer.
- antzology, on 11/15/2008, -1/+2men than women
- tattertech, on 11/15/2008, -0/+3Maybe men give it to women later.
- uncleosbert, on 11/15/2008, -0/+4you could get a man bag...
http://www.purseuing.com/bags/man-bags/- Kugelblitze, on 11/15/2008, -0/+2It's called a "murse"
- Jaime2000, on 11/15/2008, -3/+1I am a male and I have a purse (well, most people would call it a "manbag," but what the hell it's virtually the same thing).
- jgregc, on 11/15/2008, -0/+2From the Manly Man rulebook: If it is anything like Jack Bauer carries then it is officially acceptable... but it is never called a manbag in polite and manly company ... ;)
- jgregc, on 11/15/2008, -0/+2From the Manly Man rulebook: If it is anything like Jack Bauer carries then it is officially acceptable... but it is never called a manbag in polite and manly company ... ;)
- rpelayo, on 11/15/2008, -3/+2Say it after me ... waaaaalettttt ... quicker this time waallleetttt ... one more time ... wallet. There you go, that was easy.
- jgregc, on 11/15/2008, -0/+5I usually don't carry coins in my wallet...
- bincoder, on 11/14/2008, -9/+18A coin would be very nice if it were not backed by paper promises or even by gold.
Make the coin itself out of gold, and the rest of them too.
A $5 gold coin from the 1800s will buy you a lot more than 5 loaves of bread, trust me.
Paper currency is like a check, you never know what its really worth or if its worth anything at all.- BoneStamp, on 11/14/2008, -1/+20So, the cashier needs to look up the value of gold everytime you want to use the coin?
- vincebodie, on 11/15/2008, -22/+2Do they look up the value of paper dollars every time you spend them?
- nexus6ca, on 11/15/2008, -10/+9I am pretty sure they do when they look at the number in the corner of the bill.
- sgiffy, on 11/14/2008, -2/+13Its worth what you can exchange it for. No different form gold, or wheat, or anything else. The difference is with our current currency we can control the supply enabling us to have a monetary policy.
- TheNik, on 11/15/2008, -2/+11Awesome, you are against fiat currency. Get in the back of the line behind half of the other people on this website, you aren't as cutting-edge as you must think you are.
- jerrycurley, on 11/15/2008, -1/+8
- anononon, on 11/15/2008, -0/+7It makes pretty, shiny things and it's all bendy and stretchy and stuff.
- ScottMitchell, on 11/15/2008, -0/+2Gold does have a number of vital uses in certain areas of industry, including electronics. But coal is also very useful, yet no one dreams of paying $800 / oz. (or whatever gold trades for these days).
- tattertech, on 11/15/2008, -0/+10Gold is based on speculative value. So is paper money. In fact, if you feel you need to trade based on some specific good, why gold? I'd much rather you pay me in bourbon than gold personally.
Gold is NO different than paper currency. Hell, using the logic the gold standard fanatics claim, honestly we should go back to salt like civilizations rose and fell with.- anononon, on 11/15/2008, -5/+1You can't make jewelry out of paper currency. Also, paper isn't rare. Gold is.
- ScottMitchell, on 11/15/2008, -0/+5"Gold is based on speculative value. So is paper money."
The vital difference is that you can't create more gold at a whim like you can with printed money.
But I agree, both are speculative. Gold has "worth" because everyone agrees it has worth, just like how everyone agrees that a US dollar has worth. That association could go poof tomorrow if scientists find some way to turn iron into gold, or whatever. - blorc, on 11/15/2008, -5/+1Suggesting that gold is no different than paper money is a joke. As Scott said above, not being able to "print" gold is a huge difference. And gold most definitely has intrinsic value that paper money does not have. Gold has been used for thousands upon thousands of years as currency. Suggesting that people are going to suddenly value it differently is ridiculous. The only reason the dollar has "value" now is because it was originally backed by something.
If "dollars" have the same value as gold, then why can't I just create my own currency called "blorcs" and go give some blorcs to a gold coin dealer in exchange for gold? Because it wouldn't be worth jack *****. - sealink, on 11/15/2008, -0/+2Dugg for bourbon, though I'd prefer a dual payment system of gin and tequila.
- Petestreet, on 11/15/2008, -3/+12The last time $5 gold coin were minted in the US was 1929.
The coin was 1/10 oz of 91% purity.
$5 in 1929 adjusted for inflation is $65 in today's dollars.
Gold is now $742 an ounce.
You can buy 0.09 oz of gold for $65.
In 1929 you got 0.091 0z of gold for the same value.
That's not much of a difference.- ScottMitchell, on 11/15/2008, -1/+7Your facts have no place in this discussion!
- jiesa, on 11/15/2008, -2/+2Actually you are wrong. Macy's sells bracelets strung with $5 gold coins of legal tender, as well as a necklace with a $10 gold coin of legal tender. They were minted this year.
- Petestreet, on 11/15/2008, -0/+1OK, they mint coins with legal tender value that are created with the specific intent of being collected. Like the silver Eagle one dollar coins. They are beautiful. They are an ounce of .999 silver. You would have to be a total moron to spend it.
I looked up those bracelets here http://www.macys.com/catalog/product/index.ognc?ID ...
The bracelet has 3 coins and sells for $1,600 marked down from $3,400. So how much are the coins worth? $5 each?
The $5 gold coins minted in 1929 were minted to be spent. You could go into a bank and give the teller a $5 bill and get a $5 gold coin.
- BoneStamp, on 11/14/2008, -1/+20So, the cashier needs to look up the value of gold everytime you want to use the coin?
- jgregc, on 11/14/2008, -2/+24Actually, thanks to the falling dollar, the dollar coin would simply be quarters with a big $1 stamped in the middle... ;)
- duckduckgoose1, on 11/15/2008, -9/+9Where have you been for the last 6 months? The dollar is worth more against many currencies then in the last 5+ years.
$1 = around 1.5 GBP
$1 = around 1.25 EUR
how aboooooot the almighty Canadian dollar? I think its less than $0.80 now.- swgc5, on 11/15/2008, -3/+4Enjoy your recession while Canada stays high and dry.
- BRENTON8907, on 11/15/2008, -2/+91 usd = 0.782227785 Euros
1 usd = 0.669882101 British pounds
Where the hell did you get your pseudo-facts? - FairDinkumMate, on 11/15/2008, -1/+3I'm with Brenton!
I guess MATH isn't your strongest subject duckduckGOOSE!
http://www.xe.com/ - jgregc, on 11/15/2008, -2/+4@duckduckgoose1 - next time you read a currency chart, please try to understand what "inverse" means... laughable for sure, but it is easy to misread a chart.
But as it is, you got it exactly backwards. Both with the numbers and the attitude.
- duckduckgoose1, on 11/15/2008, -9/+9Where have you been for the last 6 months? The dollar is worth more against many currencies then in the last 5+ years.
- wynja, on 11/14/2008, -9/+32I like one dollar coins. I'm sick and ***** tired of one dollar bills.
- novenator, on 11/15/2008, -0/+5and pennies. no need to have a coin that you cannot buy ANYTHING with. maybe ditch nickels while we're at it
- hackiavelli, on 11/15/2008, -2/+4I agree. Then we can all go back to wearing money pouches like before electricity! Yeah progress!
- wynja, on 11/18/2008, -0/+1Oh, cause it's much better to have a wallet so fat I can't sit down from all the dollar bills in it. Your argument needs to be thought out a little better. Dollar bills where a good idea when bus fare was a nickel and a dollar would buy you 20 rides, but it's just outdated. It's called inflation dude.
- pjpark, on 11/14/2008, -2/+26Dollar Coins, OK: I rarely use cash except for vending machines where most things cost close to a dollar or more anyway.
Pennies: Useless and worthless. Get rid of them.- davidlick, on 11/15/2008, -6/+1I'll keep my pennies thank you very much. Just went and cashed in a ***** ton of them the other day, had about a hundred dollars.
- Swivelstick, on 11/15/2008, -0/+4Imagine if they were dollar coins..
- tattertech, on 11/15/2008, -0/+11Dude. Not having physical pennies doesn't change the total amount of money you have.
- novenator, on 11/15/2008, -0/+6maybe we should reintroduce the half penny and a new 1/10th of a penny coin. After 10 years of saving those you could cash them in for a ham and cheese sandwich
- Seidoger, on 11/15/2008, -0/+4See? they accumulated dust in some huge jar in your house
- rajulkabir, on 11/15/2008, -0/+4@davidlick: If not for pennies, you would have had that same amount of money available earlier on, without the loss due to inflation.
Also, do you have any idea how large a quantity 10,000 pennies is? I really doubt you had anywhere near $100. - rcrabb, on 11/15/2008, -0/+3$100 is not a ***** ton, it's between 50 and 60 pounds, depending on the years of the pennies.
- Wacer, on 11/15/2008, -0/+1And what would your solution be to giving your change?
- davidlick, on 11/15/2008, -6/+1I'll keep my pennies thank you very much. Just went and cashed in a ***** ton of them the other day, had about a hundred dollars.
- pjpark, on 11/14/2008, -7/+1http://despair.com/government.html
- BoneStamp, on 11/14/2008, -1/+21Having done it many times: when you give a tip to a doorman (or whoever) in change, no matter how much you give, you still feel like a cheap bastard.
- Myonosken, on 11/15/2008, -4/+1Um, you tip doormen? Hell you tip ANYONE in a nightclub?
Man, America is tipping crazy.
- Myonosken, on 11/15/2008, -4/+1Um, you tip doormen? Hell you tip ANYONE in a nightclub?
- sgiffy, on 11/14/2008, -2/+16I don't mind dollar coins. I just mind the blank stares I get when I try to use them. No they are not quarters, yes they are legal tender, please just take them.
- shadeOfGrey, on 11/14/2008, -0/+11And it's a pain for retailers since they can't cycle them back to customers since they don't want them either.
- davidlick, on 11/15/2008, -9/+3I refuse them anytime I'm offered them for change. I will continue to do the same if the government moves on with this.
- DrNovacaine, on 11/15/2008, -0/+5As a cashier, I normally try to hand them off to kids. They're normally awed by them.
- tattertech, on 11/15/2008, -0/+4My favorite is when stores don't want to accept $2 bills because they think they're fake.
- tehstone, on 11/15/2008, -0/+2me too, i buy them off anyone who has them ever. Then use them when in places like Taco Bell lol.
- tattertech, on 11/15/2008, -0/+1@tehstone - The hilarious part is a friend of mine actually had it happen to him at a Taco Bell. Even the manager was confused by it.
- tehstone, on 11/15/2008, -0/+2me too, i buy them off anyone who has them ever. Then use them when in places like Taco Bell lol.
- shadeOfGrey, on 11/14/2008, -0/+11And it's a pain for retailers since they can't cycle them back to customers since they don't want them either.
- brandita, on 11/15/2008, -1/+20Dollar coins would save the government millions if we all used them. I'm all for them.
- Gerpinator, on 11/15/2008, -4/+2Me too. I'm with you. I've been using them for a few months now. Bills are ruined in just a few months. What a waste. I feel proud when I hand one over. I stand proud and smile.
- thegrantman, on 11/15/2008, -3/+11You're proud of yourself because you use a ***** coin?
- regeya, on 11/15/2008, -0/+2Fiscal responsibility??? Perish the thought.
- Murdats, on 11/15/2008, -0/+1wow your notes suck, ours last years, in fact we still have old $5 notes in circulation and they were replaced about 8 years ago.
it also sounds like way too much of your currency looks too similar but your people apparently have an aversion to a more rational colouring system as you call that 'monopoly money'- david76, on 11/15/2008, -0/+1Oh, but as the author points out "So even if one dollar coins “saved” us a billion dollars a year starting in 2009, it would be a paltry 0.03% of the total federal budget. Doesn’t sound so impressive when you do the math, does it?" That's some pretty tortured logic. Because the federal budget is so huge, we shouldn't bother saving a billion dollars because it doesn't matter when you look at it on a percentage basis.
That, is retarded.
- david76, on 11/15/2008, -0/+1Oh, but as the author points out "So even if one dollar coins “saved” us a billion dollars a year starting in 2009, it would be a paltry 0.03% of the total federal budget. Doesn’t sound so impressive when you do the math, does it?" That's some pretty tortured logic. Because the federal budget is so huge, we shouldn't bother saving a billion dollars because it doesn't matter when you look at it on a percentage basis.
- Gerpinator, on 11/15/2008, -4/+2Me too. I'm with you. I've been using them for a few months now. Bills are ruined in just a few months. What a waste. I feel proud when I hand one over. I stand proud and smile.
- vincebodie, on 11/15/2008, -8/+6who needs government money anyway?
http://www.yesmagazine.org/article.asp?id=886
http://www.libertydollar.org/catalog/
https://www.usmintcoins2008.com:447/?tid=3466- tgc1, on 11/15/2008, -0/+6It's not government issued currency. Read the dollar bills you have in your pocket, they say FEDERAL RESERVE. The Fed is not part of the government.
- regeya, on 11/15/2008, -0/+5Yeah, I read up on the Liberty Dollar...since they adjust for inflation (price of metals wrt U.S. Dollar), I can't see how it's much better than a U.S. dollar.
Plus there's that thing of all their assets being seized a year ago, since right now their activities are illegal. - vincebodie, on 11/15/2008, -0/+1sorry for the hastily banged out post!
i found the first article i linked to to be very thought provoking regarding local currencies. i added the liberty dollar link to expand on that train of thought, and the obama coin link was just for comic relief.
i fully realize that FRN's are not really "government" money; i was just alluding to the common misconception about that being the case in an effort to spur conversation about alternative currencies. regarding Liberty Dollars, since FRN's are in violation of the Constution, you can't really say that LD's are illegal just because the FBI raided them. the raid was done because the FBI supports the legal counterfeiting by the FED, and they were just protecting their territory.
as for their value with relation to FRN's, if you had bought a one ounce LD in 1998 it would have cost you $10 in FRN's. with silver now approaching $20 and ounce and poised to go much higher, would you rather have that $10 LD or a $10 FRN? my only beef with the LD model is that they mimic the denominations of FRN's, which means that the one ounce LD had to jump from $20 to $50 as the value of silver rose on the open market. i think they should have considered a $25 coin instead.- vincebodie, on 11/15/2008, -0/+1speaking of the Liberty Dollar raid...
http://www.libertydollar.org/ld/postraid_nl/11_14_ ...
- vincebodie, on 11/15/2008, -0/+1speaking of the Liberty Dollar raid...
- Richandler, on 11/15/2008, -7/+4There was a time in this country when a Nickle would buy you what five bucks buys you today. Of course that was when we were on the gold standard. Retire our currency to what it should be based on and we wouldn't have to make any new coins.
- regeya, on 11/15/2008, -2/+6OK. Let's say there's still 147.6 million ounces of gold in Fort Knox. Let's take the market value of gold over the summer of about $900/ounce. That gives you a dollar value of about $132.84 billion. Or, to put it in perspective:
- 19% of the dollar value of the boneheaded bank bailout package
- 1% of the national debt
- If you believe RP's figure on how much we owe China, it's about 6% of what we owe just China.
So yeah...good plan for the future, possibly after we're done tanking the world economy and they all beg us to buy their WMDs (keep dreamin' Libertarians!). THEN we can think about defaulting on our debts and gutting the military.
Your Libertarian wet dream will have to wait. By then, someone will be assembling gold from particles and we'll have to base our money on gold-pressed latinum.- sealink, on 11/15/2008, -0/+2Wish I could digg you twice, once for the clarity and truth of your post, and once for gold-pressed latinum.
- ScottMitchell, on 11/15/2008, -0/+2Of course, at that time people were paid $60 / week.
The real woe of inflation is for savers. If you like to save your hard earned money, inflation is your enemy. It's great for debtors, though.
- regeya, on 11/15/2008, -2/+6OK. Let's say there's still 147.6 million ounces of gold in Fort Knox. Let's take the market value of gold over the summer of about $900/ounce. That gives you a dollar value of about $132.84 billion. Or, to put it in perspective:
- Gerpinator, on 11/15/2008, -3/+10I've actually been using dollar coins instead of paper for the last few months and I like it a lot. Did you know that bills are destroyed in about 6 months? Coins can last for 100 years! Some parking meters take quarters and dollar coins only. Anyway, It's been very nice for me for more than one reason and I recommend y'all at least try it.
- MCBROCK, on 11/15/2008, -3/+35Completely impractical. How would you put them in a stripper's g-string?
- gr00vy, on 11/15/2008, -1/+21The fit in the slot.
- DJgloi, on 11/15/2008, -1/+4here in Canada you throw the coins at the strippers...problem solved
- thegrantman, on 11/15/2008, -2/+1"Here's a tip for ya mom."
- Jrv420, on 11/15/2008, -1/+2Its funny cause its true.
- ZombieSociety, on 11/15/2008, -1/+3Take it off! *PING! PING! PING!*
- StratoStreak, on 11/15/2008, -0/+5In Alberta they spread thier legs in front of you and expect you to throw a coin at their beaver. Good times!
- Ph03N1X418, on 11/15/2008, -0/+10I saw a guy get beat up by the bouncers in Calgary; he was heating up the coins with his lighter first
- fuse13, on 11/15/2008, -3/+1wow you use dollar notes? cheap.
those girls work hard for the money. 5 should be anyones minimum i think.- uallsuck, on 11/15/2008, -1/+0Uh, they get just as naked for singles.
- gr00vy, on 11/15/2008, -0/+1Canadian's have no idea the value of "money". Looneys indeed!
- VyPR, on 11/15/2008, -2/+3That's why women come with a built in slot down there.
- kinseyincanada, on 11/15/2008, -0/+6well in canada we have something called the toonie slide, well you usually put the toonie in your mouth and well you know what happens next.
- MikeSD34, on 11/15/2008, -0/+2You don't write very well. Well at least you tried. All's well that ends well.
- ScottMitchell, on 11/15/2008, -0/+6Oral herpes?
- bxblox, on 11/15/2008, -1/+9I don't try to avoid dollar coins, they just aren't around. The only places that give them to you are post office and public transportation vending machines. Americans don't have anything against dollar coins for the most part, they are just hard to come by.
- equivokal, on 11/15/2008, -1/+7We already have one:http://en.wikipedia.org/wiki/Sacagawea_dollar
- ZombieSociety, on 11/15/2008, -1/+1HOLY *****, REALLY?!
- Abomonog, on 11/15/2008, -0/+12 really. The Susan B. Anthony dollar is still in circulation.
- sealink, on 11/15/2008, -0/+1I keep all my Susie Bs.
- MadManElmo, on 11/15/2008, -2/+3It's a trick! This way people will end up spending singles faster......... and make us spend more money at the strip clubs!!!! Strippers don't accept coins!!!!!!!!
- eleven, on 11/15/2008, -3/+19CASH IS DEAD. Seriously. In Canada we use bank cards far more than we use cash. No change, no wad of bills and no service fees for using them. Sucks for Hobos though - no one has change.
- shanealeslie, on 11/15/2008, -0/+6Its true. Nowadays pretty much every store, service, or restaurant has a debit card machine hooked up to the till.
About the only place I use cash is at the bar.- innovati, on 11/15/2008, -1/+2yes. I do.
In canada we use our bank card, not credit cards. I don't own a credit card, and I don't carry cash.
When I go to the US, I have to find a bank machine and take out your funny money that looks all the same and spend that, because my bank cards don't work in your 'debit' network, which really works on the credit card network.
Yet I could go to europe and have no problem at all! - GothAlice, on 11/15/2008, -2/+1Actually, when I was visiting Seattle I had to keep reminding myself to carry cash. About 60% of the places I went did not accept debit; only credit or cash.
- tehstone, on 11/15/2008, -0/+3Funny, I live in seattle and I've never been to any place that didn't take my debit card. They might run it as a credit card but they won't refuse it...
- innovati, on 11/15/2008, -1/+2yes. I do.
- kinseyincanada, on 11/15/2008, -0/+2um yea there is still service fees on most accounts.
- GothAlice, on 11/15/2008, -0/+2Sucks to be you. I, for one, have none.
- LiquidRAM, on 11/15/2008, -1/+3Agreed. But in The US, they don't have debit/interac machines. Instead they have a credit card type deal linked to their bank account, with no pin #, and that is what they call a "debit card". That's the US for you.... they like to blaze their own trail for some reason.
The 1 and 2 dollar coins are great if you ask me. Main reason... they save the government millions of dollars because they last such a long time and don't need to be replaced. Why should my tax money be wasted just to keep a piece of paper looking crisp?- jgregc, on 11/15/2008, -0/+3@LiquidRam - quote "Instead they have a credit card type deal linked to their bank account, with no pin # "
Not true. A lot of people in US have a debit card with a pin#, it is a true debit card.
Now, if they are making a larger purchase, or if their bank is having problems, then you can optionally specify to run it as a credit card, which then picks up the credit protection, runs on the VISA network, and requires a signature. And if you are in a place that does not support a debit transaction (there are still some out there), then you can opt for the credit card transaction. As a matter of fact, a lot of places will ask you, "Credit or Debit".
But usually it is ran as a simple debit card using a pin #. I am truly surprised that your debit cards cannot be used on both networks.
Perhaps you are referring to private debit networks?
- jgregc, on 11/15/2008, -0/+3@LiquidRam - quote "Instead they have a credit card type deal linked to their bank account, with no pin # "
- shanealeslie, on 11/15/2008, -0/+6Its true. Nowadays pretty much every store, service, or restaurant has a debit card machine hooked up to the till.
- Paulorific, on 11/15/2008, -1/+20How many dollar bills does this guy carry around? Generally, most people have less than ten 1 dollar bills in their wallet/purse/pocket, so I don't know what the problem is. Canada has 1 and 2 dollar coins and it works just fine. It's not like it's replacing the 5, 10, 20 dollar bills.
- Mahluc, on 11/15/2008, -0/+4I agree. I live on close to the Canada, U.S. border. Every time I come back from a trip to the States I think I'm rich only to find out that all the bills I have left in my wallet are for $1.00.
- bwoom, on 11/15/2008, -1/+10the Euro has adopted this and i don't see why it would not work in American from my exp. from being in Europe it works great
- bloodborne, on 11/15/2008, -1/+11In Japan (where I currently live) the coin currency goes all the way up to 500 yen, or about $5. At first you think it's a pain, but you just get used to digging out your coins instead of reaching for your wallet. I rarely ever have more than a few coins in my pocket at a time. It actually makes a lot of sense in terms of making the currency supply last longer and the amount of environmental impact the currency makes.
- duggdowncatisad, on 11/15/2008, -0/+1Do they have strip clubs in Japan?
- kingmanic, on 11/15/2008, -0/+5It's japan. They have tentacle rape clubs. I wish I was joking.
- vurdillac, on 11/15/2008, -0/+1Tentacle rape clubs on every corner! Usually sandwiched between a Lawson's and the KFC! Everywhere!!! Those Japanese are wacky, I tell ya. Wacky!!!!
- duggdowncatisad, on 11/15/2008, -0/+1Do they have strip clubs in Japan?
- YouandWhoseArmy, on 11/15/2008, -1/+46Wow this blog is retarded. The government isnt boneheaded for wanting to make dollar coins, those are a great idea. The government is boneheaded for making every iteration of the dollar coin so similar is size to the quarter that you can't easily differentiate when pulling change out of your pocket.
- tgc1, on 11/15/2008, -0/+1The government has nothing to do with the issuing of currency. Banks do that.
- Jforsyth89, on 11/15/2008, -0/+13I've actually been using dollar coins for the past couple days. In Boston, the machines at the subway that print out tickets give change back in dollar coins. Like an idiot, I bought a $2 ticket with a $20 bill and it gave me back 18 golden dollars.
- JohnFromChicago, on 11/15/2008, -11/+5I wish more people would get used to a coinage based money system. America is actually unique in our use of printed money. In Europe and most other countries, people use coins. If we could get used to using coins, we would be taking a step toward truly resolving the financial crisis by getting back to lawful money - gold and silver coinage.
We The People MUST end the Fed, and demand our government and financial system obey the law.
Legally, Constitutionally, and Physically, What is a dollar? Watch and learn!
http://www.youtube.com/watch?v=1FiaUpeJxcA
http://www.youtube.com/watch?v=FbyQB8e-rQg
http://endthefed.us- mooseontheloose, on 11/15/2008, -0/+7This is probably going to shock the hell out of you then:
http://en.wikipedia.org/wiki/Euro_banknotes
Oh, also:
http://en.wikipedia.org/wiki/Banknote
So yeah, I'm pretty sure the US is not the sole country in the world that prints paper money.- JohnFromChicago, on 11/15/2008, -1/+1Sorry ... I didn't mean other countries used coin exclusively ... and I'm not advocating that for the US either. My point was that the majority of people in Europe use coinage in daily transactions whereas in the US, we used printed money.
By the way ... the links you post are for bank notes, which while used as currency, are not in fact lawful money. We would undoubtedly be far better off if our printed money were certificates or US Notes rather than Federal Reserve Notes ... which are NOT dollars. - mooseontheloose, on 11/15/2008, -0/+1Meh, I was just trying to be a pedantic douchebag.
- turkoftheplains, on 11/15/2008, -0/+1I guess that "ONE DOLLAR" written on mine must be a typo, then.
- JohnFromChicago, on 11/15/2008, -1/+1Sorry ... I didn't mean other countries used coin exclusively ... and I'm not advocating that for the US either. My point was that the majority of people in Europe use coinage in daily transactions whereas in the US, we used printed money.
- kingmanic, on 11/15/2008, -0/+4It's impractical to print paper bills with such low values, it's also impractical to have all precious metal money. People would start to save the coins again.
- mooseontheloose, on 11/15/2008, -0/+7This is probably going to shock the hell out of you then:
- grey580, on 11/15/2008, -2/+16A dollar coin can be in circulation for up to 30 years.
Dollar bills need to be replaced every 18 months on average.
The savings alone is somewhere around 318 million dollars.
$1, $5 and $10 dollar bills should be replaced. We'd save some money in the long run.- StratoStreak, on 11/15/2008, -7/+1Yes! More money the government can steal from you!!!
- Rndm_Tngnt, on 11/15/2008, -0/+4Uhhh? What?
- grey580, on 11/15/2008, -0/+1You were stolen from as a child weren't you.
- StratoStreak, on 11/15/2008, -1/+1I think what I was thinking was those save dollars would just go towards something stupid anyway.
- StratoStreak, on 11/15/2008, -7/+1Yes! More money the government can steal from you!!!
- FaithclubDotNet, on 11/15/2008, -0/+3They look just like quarters. Wasn't that the reason the Susan B Anthony failed?
- Rndm_Tngnt, on 11/15/2008, -0/+2Yes, just like those quarters that are larger than themselves and gold in color.
- ShadedNine, on 11/15/2008, -0/+3Now that *is* boneheaded. The idea of $1 and $2 dollar coins is not. Canadian coins can be differentiated by size, thickness and edge texture (for instance, dimes have grooves cut in the sides, while loonies are 11-sided polygons). Sure, they collect in a jar with the smaller denominations, but then when you go to use them up you don't feel like a total douche because it doesn't take a hundred coins to buy anything. Grats to NZ on actually getting the small coins completely out of their currency.
- Myonosken, on 11/15/2008, -0/+1http://z.about.com/d/golondon/1/0/B/2/-/-/coins240 ...
Easy.
- Derrekito, on 11/15/2008, -1/+3FTA: "*****, that’s more than most of us make in a whole goddamn year, and they spent all that in like three days."
LMAO - Yes, $700e9 dollars is more than most make in a year. Dugg.- ratles, on 11/15/2008, -5/+1
- ZombieSociety, on 11/15/2008, -2/+2Too bad you can't spell worth a *****.
- ratles, on 11/15/2008, -5/+1
- 4321234, on 11/15/2008, -2/+3Just say that a pre-Bush penny is worth a dollar now and save the minting costs.
- sneezachoo, on 11/15/2008, -0/+1I work in a bank in one of the test cities and there is really only one guy who would ever come in to actually use the coins. And he just enjoys giving them as tips. The only other people who wanted them were collecting.
- rectagon, on 11/15/2008, -0/+17Hey America. Get with it. Coins rock and roll. Long live the Loonie!!!
- AsusMobo, on 11/15/2008, -0/+3I use em all the time. Way better than bills. I generally use check card anyway but if I carry cash I'm getting 20s out of the ATM.
- LordMaude, on 11/15/2008, -2/+5I live in New Zealand. About 15 years ago we replaced $1 & $2 bills with coins and they work fine. Intitially people fearful of change complained but now no one really cares and life goes on. Coins last years longer than notes and a re much more difficult to forge.
Also American notes all look the same, so at least you'd have two less notes to get confused with.
In New Zealand we recently did away with 1c, 2c & 5c coins too. Now our wallets are a lot less weighed-down with loads of low-denomination notes & coins. Now if only you guys would wise-up and drive on the correct side of the road too.- jasdf, on 11/15/2008, -4/+4Far more countries drive on the right side than on the left side.
- Mujokan, on 11/15/2008, -0/+1That was a joke.
- ZombieSociety, on 11/15/2008, -1/+5Trust me, it's REALLY hard to confuse a one with any other bill.
- turkoftheplains, on 11/15/2008, -0/+1You had 2c coins?
- jasdf, on 11/15/2008, -4/+4Far more countries drive on the right side than on the left side.
- teotbote, on 11/15/2008, -6/+1Coins made out of valuable metals is where we need to be. Seeing as how we can synthesize most of it pretty easily these days, it all seems more and more ridiculous. Regardless, the currency of the future will inevitably be digital, and who can really keep up with it all? Anarchy, I say. ***** it.
- teotbote, on 11/15/2008, -1/+2sorry. i thought i was an alchemist for a minute.
- Myonosken, on 11/15/2008, -0/+1YEAH ANARCHY!!!! ***** ROCK ON!!!
Go to bed kid.
- PcChip, on 11/15/2008, -5/+5Buried - Retarded article, self-spam
- jflaker, on 11/15/2008, -3/+3But you are forgetting one thing......coinage has weight and can be a BITCH to transport. Either by armored car or by merchants going to a night drop box at their bank.
Lets think about merchants who utilize night drops at their banks to deposit thousands of $$. a few bags of 30 - 35lbs each is not really feasible where this would normally be a single drop sack which weighs about 2 lbs- jwkane, on 11/15/2008, -0/+2The vast majority of merchants use more small bills than they bring in. They are many times more likely to be depositing 20s and buying 1s.
- FairDinkumMate, on 11/15/2008, -0/+2I guess you've never worked anywhere that dealt in cash. jwkane is right, virtually all cash businesses purchase 'change' & deposit larger denominations. So you should have made your 'faux' argument about the poor security guy that has to deliver those heavy coins everywhere!
- jwkane, on 11/15/2008, -0/+2The vast majority of merchants use more small bills than they bring in. They are many times more likely to be depositing 20s and buying 1s.
- aznpwnzor, on 11/15/2008, -3/+1dollar bill would still feel like it was worth more
this would promote more casual spending - jasdf, on 11/15/2008, -2/+10I hate coins because they are so noisy. I want to be able to walk without sounding like a slinky.
- ZombieSociety, on 11/15/2008, -1/+2Then do what the rest of us do and save your coins.
- badfish0116, on 11/15/2008, -1/+5CHANGE!
- StratoStreak, on 11/15/2008, -0/+5Ahhh, so that's what Obama was talking about.
- otero1, on 11/15/2008, -0/+3No no no Obama will save us all FTW
Obama = Fail
McCain = Fail - THESUPERDEVIL, on 11/15/2008, -0/+1That what i have in my pocket after taxes
- leo78, on 11/15/2008, -5/+1But G Strings don't hold on to coins right.
- chaos36, on 11/15/2008, -1/+0Thats exactly what I was goint to say. Gonna make the strip club much more expensive.
- Chasuk, on 11/15/2008, -1/+5Eliminate the dollar bill and make a sensible dollar coin -- not the the last two sabotaged-by-ignorance attempts -- and people would go for it.
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