Do you want a $2 coin in circulation?

I voted no but really couldn't care less until one thinks about how many $2 coins would be sitting around in vaults along with the $1 coins we produce.
Would the mint be selling these at face with free shipping as they have the $1 coins? Most likely.

Unless we take a page from fairly recent Canadian history it's a total waste. Being a paper money collector as well I'd hate to see that personally but it's the ONLY way a $1 or $2 coin will ever work.

SO many people hoard $1 coins as it is. They also hoard "rare" $2 notes. Hmmmm.... wonder if they'd also hoard those rare $2 coins?

No U.S. toonies our U.S. loonies don't even work.

 

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get rid of the paper dollar.
get rid of the penny.

one of the big reasons that dollar coins and $2 bills don't circulate is that the cash registers don't have a space for them! seriously. Every time i spend a $2 bill they go under the cash drawer, dollar coins are tossed in a corner. no wonder they never give them back in change! See thats the problem with getting them CIRCULATING I can spend them all i want, but the bulk of them i bet are dragged to the bank and deposited, instead of given in change.

By getting rid of the penny you have a space for the dollar coin, by getting rid of the $1 bill you have room for the $2 bill.
problems solved.

Just my 2... cents? dollars? bah.

 

yeah, what he said. The paper dollar must go!

 

Bull, they keep the twenties on top, and just how often do they hand out twenties as change? Older registers had five or even six slot drawers. Even wih a four slot drawer, put the twenties underneath and there is room for twos. But you are right if they drop the ones you can put the twos there.

 

two dollars is not an easy denomination to work with in the modern economy. If your going to count by two's you might as well count by ones. But a 2 dollar coin might be useful since there are now someone fast purchase items that cost a dollar and change, like a large coffee.

Ruben

 

A $2 coin would not make sense unless both the $1 bill and the $2 bill were removed from circulation. Even if you did that, it would still not make sense from an economic perspective.

The best fractions of currency are 1, 5, 25, and 100. Those are the denominations casinos use for their chips. I think we should take a note from what the private sector is doing on their own. Having denominations in the middle like the 2, 10, and 50 just do not make much sense in commerce. The 10 or the dime as we have now could make sense if we get rid of the nickel and the penny and just chop off the last digit in prices.

 

Over here in the UK we never had a £2 note but we did have a £1 note that was removed and a £1 coin introduced after the intial shock and moans it was accepted as normal, then they introduced a £2 coin again the initial complaints about how it would never work but guess what it works wonderfuly :smile
You have had a dollar coin for years yet all I ever read about is how awful it is from the Sacagawea and Susan B. Anthony dollar to the Presidential issues LOL if you are unwilling to use the coins then it will never happen.

 

Do you have any other evidence other than if it is good for Las Vegas then its good for the nation? Any usability studies?

Ruben

 

BTW how would you make 47 dollars?

 

2 x $1
4 x $5
1 x $25

:high5:

 

:high5:

 

too hard as opposed to 2 twenties, a five and 2 singles

 

You never asked if it was easy Ruben just how to do it lOL

 

Implied speech is an art form .. how would you do it with Love Tokens

 

you realy dont want to go there Ruben LOL

 

Voted yes. We don't have a $2 bill to replace so maybe a $2 coin would work. It wouldn't be any worse than the SBA, Sac or President's.

 

I guess it is too hard for some people.

Mr. Brookly is a perfect example though. A lot of people are highly resistant to change. We could use a 20 instead of a 25 to continue the current system. Would not make much of a difference to me. 1, 5, 20, and 100 would be good denominations.

 

That would not be right. I'm not for change or against change. I'm for sensible management. So far no evidence has been brought that the denominations that casio's use for making bets, which BTW are denomiations created in order to prevent cash from being used in large denominations on the casino floors, in any way relates to what would be the most useful denominations to be used in normal business.

I would suggest you try working a 7-11 for a few moths though, before making that judgment. Because change is counted backwards in a cash register and that is a lot easier with 100,50,20,10,5 and singles than otherwise. Also, FWIW, Five dollar bills are the big problem when doing retail. A change of a 20 dollar bill to a 25 dollar bill would exasperate that further.

So instead of repeating the same "facts" without evidence and taking a swipe at me, try showing me the data to support your assertion.

Reuvain