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$1 US coins, do we need a $2 coin?
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<p>[QUOTE="Cashmoney, post: 1048712, member: 28163"]The issue isn't with making people pay in even amounts. Most people now will go and pay even amounts at a gas station. </p><p>The issue is price per gallon. I can assume nearly 100% of the people here would go to the gas station with $2.98 per </p><p>gallon vs. the one with $3.00 per gallon.... If I go in with $10.00, or $10.05 it doesn't matter. It's the deal I am getting for </p><p>the money I spent, not what units of money I spend. </p><p> </p><p><br /></p><p><br /></p><p>This is why $2 bills would still be issued. Think about it, each time you get a $2 bill as change you have the satisfaction</p><p>of knowing how it was earned.</p><p><br /></p><p>Also I agree that a tremendous amount of pennys seem to be sitting in jars, cans, couch cushions, desk drawers, etc. I </p><p>suspect that the mint could suspend the minting of the penny for quite some time if there was a national effort to turn </p><p>these in. Not to mention that, even thought it wouldn't be much money per household, it would put some cash money into </p><p>peoples hands which they would spend, albeit the stimulative effect on the economy would be little at best.[/QUOTE]</p><p><br /></p>
[QUOTE="Cashmoney, post: 1048712, member: 28163"]The issue isn't with making people pay in even amounts. Most people now will go and pay even amounts at a gas station. The issue is price per gallon. I can assume nearly 100% of the people here would go to the gas station with $2.98 per gallon vs. the one with $3.00 per gallon.... If I go in with $10.00, or $10.05 it doesn't matter. It's the deal I am getting for the money I spent, not what units of money I spend. This is why $2 bills would still be issued. Think about it, each time you get a $2 bill as change you have the satisfaction of knowing how it was earned. Also I agree that a tremendous amount of pennys seem to be sitting in jars, cans, couch cushions, desk drawers, etc. I suspect that the mint could suspend the minting of the penny for quite some time if there was a national effort to turn these in. Not to mention that, even thought it wouldn't be much money per household, it would put some cash money into peoples hands which they would spend, albeit the stimulative effect on the economy would be little at best.[/QUOTE]
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$1 US coins, do we need a $2 coin?
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