QOTW: Why do people hate the dollar coin?

How did you get away with that? I recall having to carry everything in my socks because dress whites were always supposed to have empty pockets before hit the beach.

But it was so much easier to hold folding money in my socks.

 

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Please, if this was true, it would be on the front page of every newspaper in America.

 

I like Ikes, too. But I USE small dollars all the time and sometimes have to explain what they are.

 

Italy has a $1 & $2 coin, they call them euro's.
http://en.wikipedia.org/wiki/Euro_coins

I was there during the transition from Lire to Euro and it went pretty smooth. Yes it took some time but you could use both lire and euro during the transition.

I miss carrying those 100,000 lire notes.

 

I don't know when you were in the Navy (I was in 2001-2009) but when you are oversea's you are not allowed to leave the ship in your uniform.

 

I tried to pay for some Chinese take-out food with Washington golden dollars and the cashier said that they didn't take that kind of money. I asked her if she wanted the food back. She said she didn't have room in her till. When I explained that this was real American money she took them. If she hadn't, it would have been the last time I ate there.

Another time a cashier exclaimed: "Oh, it's fairy money." Geez

Bruce

 

Umm, I am quite familiar with € coins; I use them every day. We do not have $ coins though.

Well, the calls to introduce €1 and €2 notes primarily came from there (and to a lesser extent from Austria and Greece). Italy had low denomination notes like the US - the "biggest" coin was the 1000 lire piece which is €0.52 ...

Christian

 

Sorry I didn't know how to post the € symbol so I just use the $.

 

I get rolls of UNC. dollar coins at my bank all the time. I have a couple of retailers in the neighborhood who uses them, but I rarely use them for purchases. Mainly for pub. trans., postage vending machines and here in San Francisco where meter parking is .25 for 20 minutes, I pump dollar coins in them all the time. Use the "IKE's" for gratuities and wait staff love them.

 

I think a lot of people are just afraid of change. [/LEFT][/QUOTE]



......that's NOT the change people are afraid of.

 

Discontinue the $1 bill, get rid of the half dollar, use that slot for $1 coins and put the $2 bill in the slot now used for ones. Easy fix or for get coins all together and make re-loadable plastic cards to use for change for less than $5.00. So if you loose the card you only out $5.

I guess my ideas for solution probably make too much sense. Probably why they will never be used.

 

1. People just don't like changes if they can be avoided
2. Those things look like a quarter and continuously get mixed up as one
3. Way to many people haven't seen them so they stare at you when you try to spend one
4. On commuter train systems by me conductors have a money changer. It has slots for nickels, dimes, quarters. Some still have a penny slot. NONE have a baby dollar slot. Conductors usually say do you have to give me those?
5. Most stores do not have a slot in the cash register for them
6. Many stores have cashiers that don't know what they are
7. Many people don't like to carry any change at all. My Son carries not change of any kind. Actually he carries no cash, only plastic
8. Most vending machines do not take them
9. Won't fit into a gum ball machine.
10. Many people in stores are afraid those are counterfiets since there are so many different kinds, it's impossible to tell if real or not
11. I've Had them rejected at toll booths.
12. Your can carry a few hundred dollar bills but try to carry a hundred of those.
13. At a restaurant I left several of those for a tip. As I walked away from the table the waitress said loudly, Sir, you left some of your kids play money on the table.

 

Because we're Americans and we don't like the government telling us what to do....

 

I can't speak for anyone but myself.

I don't hate dollar coins at all.
I'd use them if they circulated.

I use money that I get from banks (when I cash a check), and money that is given to me as change (when I make a cash transaction).

I never get dollar coins, so I don't have any to use.

 

1. OK
2. People I know dont get the coins mixed up. They are two entirely different colors.
3. That will change once the coins start to circulate.
4. They will buy new money changers.
5. The cash register have a slot for them. It just that cashiers use it as storage.
6. That will change once the coins start to circulate.
7. Then the conversion will be easy for your son. No change.
8. Every vending machine I know takes $1 coins.
9. Where I live, gum balls do not cost a dollar.
10. Same could be said about quarters, yet they take them.
11. That will change once the coins start to circulate.
12. Why would you carry $100 in coins? Try carrying $100 in singles. You would not be able to fit the bills in your wallet.
13. Great, you saved money. No tip for her.

 

.......where are all the ads to educate the public about the dollar coins? maybe just MAYBE this would take the mystery out of all the confusion?

.......i guess until then, we'll keep sending them to ecuador, they certainly use them.

 

I get them all the time:
From post office vending machines
From vending machines at work (when I use a $5 bill)
From Transit vending machines

I used to save them (because they are not "federal reserve notes") but they started taking up so much room in the safe that I converted a large ziplock bag of them into 5 federal reserve notes. Now I just spend them in those vending machines that take them -- most around here do. I don't "hate" them, they just are what they are.

 

all the suggested reasons are valid. On a broader level, it is "merchants" that have a difficult time adjusting to accepting the dollar coins. The register compartments are ill equipped to provide storage for the potential use by customers. Their employees have to make more "money drops" than they did before, etc etc.

 

I was just going through a pile of pocket change and found 3 dollar coins that were given to me as quarters! I guess I don't dislike them so much now. lol