Hey I know there are gold and commemorative and silver coins with these denominations...but what if we made clad $5, $10, $20, $50.00, and $100 Coins? Thoughts
hmmm I'm not sure that people would want to carry around that much change with them. I mean, wasn't that part of what led to the lack of popularity of the dollars for everyday usage? (SBA, Sac, etc.) I think it would be great to have more stuff to collect, but I think I'd rather just stick with those denominations in paper form.
I personally like the idea... I use dollar coins all the time (great for the $2 toll every morning going to work). So the other coins would be perfect for buying a six pack (or a case), plus it would be nice to be carrying some impressive "big bucks" coins in my pocket...
I think it would be cool. However, what would distinguish them from current quarters/halfs. Will it be size? Color? The public would never accept anything that they might mistakenly give the Lemonaid Stand child for a glass of that sweetened summer beverage only to later find out they paid $100 for a dixie cup of water, lemon juice and sugar. What would the sizes/material be? I would think that going with something other than round would help make it easily distinguishable. My 2 Lincolns.
I wouldn't like a $50 or $100 dollar coin too much. Who wants to carry around that much in just their pockets? Coins don't work in wallets too well. Not to mention, when I usually carry hundreds, it's on vacation and I have quite a few to tote around. Ten bills in a wallet is whole lot easier than ten big coins rattling around in my pockets. Guy~
I'm not in favor of those denominations as coins. But making them in different colors and sizes, and on a thin plastic composition would be reasonable. I saw this in New Zealand in 1994. The different colors/sizes work well for the sight impared. And the plastic makes them last longer.
It's not false value. Our money is based off the faith of the issuing establishment (US government). The argument that it has "false" value is a joke. Sure, the paper itself isn't worth the face value...but neither would be a $100 clad coin, unless it weighed a ton. The current melt value of a clad Eisenhower dollar is just under $0.13. The Ike weighs 22.68 grams. For a coin to contain $100 worth of clad, it would weigh too much to carry in your pocket. Plus, coins never carried their face value in metal anyway...even back when silver and gold was used.
By false value I had meant about how our money is valued based on the current economic conditions, and several factors including federal regulation...It is false in the sense that if the Federal government were to stop minting money then the value of a dollar (in theory) would rise...However I do know a little about basic Economics where Deflation is worse than inflation, but in theory our money is sold/traded for a falsely represented value determined by the government..
Yes, but you said a clad coin, so it would be the same as paper money. The actual metal value of say $100 clad coin couldn't be $100, unless gold, or platinum was used.
This is true as well. But, circulation coins never had their face value in metal in them anyway...with a couple exceptions (for example, the nickel had more than $0.05 in it a couple years back). But, when we used gold and silver coins the face value was always more than the metal value.
just follow the EURO. paper note: 5,10,20,50,100,200,500 coin: .01,.02,.05,.10,.20,.50,1.00,2.00 the only different from that of euro is that the sizes of our paper note will be standardized. same size. that's it.
