Plans to end the dollar bill is being pushed

Just for the H:devil:ll if it, I am going to ask, and this is a question FOR EVERYONE here.

Does anyone here actually "believe" that the dollar coin will replace the $1 bill any time soon?

(Sorry, but this is so darn frustrating to me. :headbang: )

 

Log in or Sign up to hide this ad.

Frankly, with the flatulence of congress, NO

 

Try taking pics in a courtroom. I hope you are kidding.... Seatbelt laws are for revenue supplement, plain and simple. If you really think the government put that in place solely to save lives, I dunno bout you As far as HOW I beat them, it was done based on specific circumstances on each occurance. And I represented myself. You know, nobody works harder for you, than YOU.

By 'modern cents' do you mean today's modern cents, or what was considered modern at the time of half cent discontinuation? I concede that systematic price changes may not occur. But then what? A person who pays with cash must either buy items that come out to the current lowest denomination or forfeit the few cents they should have gotten in change. I learned early on that 'pennies make dollars' and it still holds true today.
Or, as mentioned, pay by credit/debit, which would appear to be the only way to not lose money in many transactions. What an incentive for people to become cardholders!

So above, you say that when half cents were discontinued, they were worth 11 - 12 'modern cents' but that inflation is a separate process?

This happened when they followed this example: "The key is that we need our circulating money to reflect what things are *worth*; not believe that our coins will influence it the other way around"

I'll ask a few friends who will know for sure, but is that on all army bases? Even stateside? I expect rounding to occur in army bases outside the US. Interesting. I'm more inclined to believe that bases within our borders still use every form of currency at their disposal.

I disagree. Aluminum was toyed with for pennies in 1974, and over a million specimens were struck (also in 1975, though very few) for inspection. If this were revisited, it may get more traction in today's US. Distribution itself could be revamped as well. Start up the money train! Ain't no bandits gonna heist that one!

And if this fantasy were to occur, and dollar coins were all there was, you must also take into account the increase in shipping/labor they would incur. Viable? Only if the two fantasies collide and the dollar bills disappear simultaneously with cents (nickels too, why not?) will the savings from the one even out with the increase in cost of the other. No real money is saved on this piddly issue.

Me too! I'd have more money overall then Which I would take to the bank and get a box of pennies to roll search; the rest in one dollar foldin' money

What else does that crystal ball tell you? I'd like the next Powerball numbers, please Again, remember that larger numbers on bills equates to inflation; which appears to be the route you are recommending. Remember? Zimbabwe, yada yada yada. I'd like to think that the US can get along without looking to other nations, especially on this issue.

It is the mere allusion to inflation that would accompany such drastic and unneccesary eliminations, that would scare the public and ultimately stop the motion before it ever got momentum. Forcing these kinds of changes on every American's everyday life leads to protests and unrest, when there are more important things to worry about.

 

This is the last time I will address the off-topic, worthless hypothetical seatbelt correlation, and the real life response I made to it:
The officer was present every time. The simple greed of the state showed through when I could prove malfunctioning equipment and make the case that a seatbelt citation was inappropriate. The focus on issuing those citations instead of the more appropriate 'fix-it' tickets is a minor misuse of the system. I proved that the belt had problems, and I paid to have them fixed. They were on different, recently purchased vehicles. Citation dismissed. Also, when traveling with my handicapped Grandfather, who was driving, I presented the arguement to the officer that if the sudden medical need should arise, it would only hinder me in assisting my Grandfather. (He had many medical issues, and himself claimed 'hindrance' when he was asked. As professionals in the transport of structures, or housemovers, we worked closely with law enforcement during and in preparation of a move. Never wore a belt once even with police escorts. Then again, I mostly rode the roof, so... none at all for me! What a job that was! I'll treasure those experiences until the day I die. )

Nobody said "prices got lowered because people whined about it" All I am saying is that prices increase all the time, without being essentially told to by the govt disabling the ability to make change.

I agree totally with you about gas. Remember this: the state rapes 13% of every dollar we spend on gas. That means that when gas is $3.75/gallon (like it is here), 48 cents goes to them. I find that excessive as well.

I am one of those many folks. I have no credit cards, and no debt. No smartphone, no laptop, no notepad. And I am happy that way

 

Why? Marketing is competitive, especially in groceries. If someone went through and raised all their prices due to the elimination of the cent he would find his competitor would leave his alone and advertise that weekly grocery bills at his store average $8, $10, $20 or whatever lower at his store. The first guy would either have to drop the prices back down or lose business. And he would probably lose more than he gained with the higher prices.

I wouldn't count on that either. When they ring up your purchases they don't know if you are going to be paying by cash, check,debit, or credit card. So they will ring it up, hit total, and the register will round it up or down. You will then pay that amount no matter how you pay. I suppose they could ask you how you intend to pay before you know the total and either have it total with or without rounding, but my bet is pretty quickly everything will simply be rounded. The end result on the bottom line would be unaffected so why bother with the extra trouble.

 

No. The register will still say $62.58. If you pay with a card, you'll pay $62.58. If you pay with cash, you'll pay $62.60.

 

Yes, but only if the dollar note is eliminated.

 

I do not attend such high class establishments. I, in fact, think I deserve change for my $1 bill in the places I frequent.

 

Try 26¢

Actually, at the time of the half-cent's discontinuation, the 1¢ piece was worth approximately 26¢ in 2012 terms--a much more dramatic difference. It would seem the Treasury/Mint/etc. thought money worth less than today's quarter was unnecessary. At least unnecessary for the government to provide. I tend to agree.

 

I'd rather pay with dollar coins.... I like to play with them in class

 

I'll bet it attracts the ladies too.

 

The register will round and say $62.60 At least it will if you set it to. If you don't you will have to be explaining to every customer why you are asking for a different amount than what the register says they owe. Easier just to set it to round and charge everyone the same price. Cash, check, or credit. Especially since if you do, unless the customer sits down and adds up his register tape most of them will never know that their total was rounded and they will be perfectly happy to pay the rounded amount. No complaints of "they always round up" because most of them will never notice. Oh some of the smarter ones may eventually notice that their bills always come out to an even nickel or dime, never any odd cents, but most of them won't.

 

He be showin' off his coinage in class.