Washing machine use dollar coin only.

in order to further let the dollar coins use by the general public. let all the washing machine take dollar coins only. and forget the quarters. beside that, the price of washing is way up from before. is this a good idea?. what is your opinion?.

 

Log in or Sign up to hide this ad.

washing machine

might work towards circulating the bucks out in public. i don't think they'll work on my machine at home, though. LOL

 

Dear god, its hard enough to scrounge together quarters in college. Now you expect me to hoard dollar coins, too? Lol!

 

The washers in my local laundrymat charge either $1.50 or $1.75 per load. Going to $2 would represent an increase of 12.5 to 25%. And this in a country that is concerned that the two or three cents lost per transaction if they stopped making cents and EVERYONE rounded everything UP would be inflationary.

 

modern machine

modern machine using debit card now. what shall i do with those dollar coins?.

 

The dollar coin will not work until the following happens

1. stop printing dollar bills
2. print more two dollar bills to appease critics of carrying large amount of coin
3. vending machines take dollar coins
4. #3 will not happen unless there is some sort of incentive for vending machine ops to make the mechanical changes
5. pennies, nickels dimes and quarters become worthless due to inflation.

But as someone pointed out above, who uses money any more. I pay for almost everything via my charge card

 

The dollar coin is stupid in a country that rejects it. Even the Peace dollar was little used. Ike wasn't used, or SBA,Sac, and now these Presidential dollars. I'd bet the average American has never touched one.

If anything model it after the Canadian method of Loonie,twonie,and $5 and up bills, and also bills larger than $100.

 

i always use dollar coins

i always use dollar coins for everything i buy. i also keep 1000 uncirculated dollars for each prez. i mean i will keep $4,000.00 for first four prez. after that. i will only keep minimal on other prez.

 

Ummm... Why? Are you buying bags of these? Do you think they'll be worth more in the future?

Personally, I would love it if lots of more machines accepted $1 coins. I also believe we should have $1 and $2 coins...maybe even $5, then bills after that. But as has been stated, they'll never take off unless the paper currency is pulled from circulation.

 

uncirculated coins

i just love uncirculated coins. i got 20,000 nickels, 1,000 quarters and 4,000 dollars. cent , dime , half dollars. i don't have it. i like half dollar. but the premium is too high. 99 % i got it from banks at face value.

 

That is definitely a trend right now.

Another trend... more vending machines accept currency - $1s and $5s. One's purchase is usually less than $1.00, so they give change for the $5s - 4 $1 coins plus 5c, 10c, and 25c as appropriate.

But there's a bigger issue - Circulating $1 coins have not been popular in the US for 130 years.

Even Morgan $1s - started in 1878 - weren't minted primarily for circulation. They were minted mainly as a way to prop up the price of silver after the discovery of the Comstock Lode, which threatened to drop the price of silver.

That's why there are so many gem unc Morgans from 130 years ago. By and large, they didn't circulate - they sat around in bank vaults. Just like $1 coins do today.

One can get a gem MS65 1878-S Morgan for less than $300.

But smaller denominations of 1870's silver are far more expensive in MS65 - they circulated, so they are fewer uncs.

 

OMG! Well you definitely are good at hoarding! Are they all just modern coins? What do you plan on doing with them?

 

A lot more machines take dollar coins then people realize. A -ton- of machines take the dollar coins. Just no one bothered to mark as such on the machine!

 

dollar coins

dollar coins should have been smaller than present size. the prez dollar size is good for $5.00 coin.

 

Probably mentioned before in this forum but just in case, the U.S. postal service is removing ALL stamp machines from their lobbies. When my postal clerk told me this, I said out loud, "How in the world is the dollar coin going to circulate now?" ........ she had no idea or interest in what I was talking about
Aside from a machine at a local lake that takes dollar coins for day use passes, the stamp machines at post offices are really the only machines that I have seen that take and distribute dollar coins.

 

Every machine made in the past 28 years is capable of accepting the dollar coins. And there aren't a lot of machines older than that still out there. About the only "mechanical" change that has to be made so that they will accept them it to flip a toggle switch on the mechanism from "reject" to "accept". That can easily be done when the machines are restocked and the money removed.

 

Almost no one cares whether or not the dollar coin circulates - numismatists included. That has been true for a very, very long time.

Almost every vending machine I see accepts $1 coins.

 

machine laundry

why not include dollar coin with quarter in all laundry machine. instead of using four quarters. we can replace it with one dollar coin.

 

Because there's nothing in it for either the manufacturers of the machines, or the operators of laundromats, to make up for the additional expense of equipping the machines to take both dollars and multiple quarters.

 

In a free market coin laundry machine makers and owners can decide for themselves whether they want their machines to accept only quarters, to accept quarters and dollar coins, or to only accept dollar coins. Their decision is most likely dependent on what their customers want.

There is (or at least was) a federal law that required vending machines on federal property (e.g., in a Post Office) to accept dollar coins. After some problems with that policy I believe it was either relaxed or rescinded.