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$1 US coins, do we need a $2 coin?
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<p>[QUOTE="sro114, post: 1050083, member: 28079"]I spent nearly two years in Europe, primarily France and Spain. I couldn't believe all the coinage that needed to be carried and resisted it at first. You could handle all day to day transaction without breaking out the paper money. If you did break out a bill to pay for something, you would receive only coins for the difference. When all was said and done, I found out that I preferred this over carrying wads of cash. Think about $20 coins on down. (this was all prior to the euro, so I'm not sure how or if this has changed the coin/paper ratio)</p><p> </p><p>To cut to the chase, when they came out with the $1 coins, (sacs), I spent them everywhere that I could. Many places wouldn't take them and some that would take them were not happy about it. There is still a store in my home town that will not take $1 coins as they say their cash registers are not built to accomodate them. Unfortunately I don't see them ever taking hold unless the dollar bill is phased out. As discussed above the odds of that, even though that was supposedly the plan, are pretty slim with our government.</p><p> </p><p>Do we need $2 coins, I say yes and higher denominations as well, but it will never happen regardless of the cost savings due to the longevity of coins over paper money.[/QUOTE]</p><p><br /></p>
[QUOTE="sro114, post: 1050083, member: 28079"]I spent nearly two years in Europe, primarily France and Spain. I couldn't believe all the coinage that needed to be carried and resisted it at first. You could handle all day to day transaction without breaking out the paper money. If you did break out a bill to pay for something, you would receive only coins for the difference. When all was said and done, I found out that I preferred this over carrying wads of cash. Think about $20 coins on down. (this was all prior to the euro, so I'm not sure how or if this has changed the coin/paper ratio) To cut to the chase, when they came out with the $1 coins, (sacs), I spent them everywhere that I could. Many places wouldn't take them and some that would take them were not happy about it. There is still a store in my home town that will not take $1 coins as they say their cash registers are not built to accomodate them. Unfortunately I don't see them ever taking hold unless the dollar bill is phased out. As discussed above the odds of that, even though that was supposedly the plan, are pretty slim with our government. Do we need $2 coins, I say yes and higher denominations as well, but it will never happen regardless of the cost savings due to the longevity of coins over paper money.[/QUOTE]
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