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Is a "cash-less" society pushing us toward lower mintage coins?
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<p>[QUOTE="Just Carl, post: 935459, member: 4552"]I've been saying this for a long time now. Coins and currency are on their way out. Soon coin usage will vanish. Already there are so many complaints about the cost of coin production and their uages are drindling away. </p><p>My Son too in college seldom ever used cash. Now after college he still seldom ever even has any cash of any kind on him. Every where he goes it is plastic. I've taken his lead too and now use a credit card for about 90% of all purchases. Every store, gas station, restaurant, etc. I now use a credit card. And many of those cards give you money just for using them so why use cash?</p><p>One store has their own card and I get 1% back in cash for all non store usages ands 2% back for all in store usages. So why use cash?</p><p>As our intercontinental businesses increase, something mush be done with the monitary systems of all countries to make it easier to deal. Europe is attepting this now with one type of system. Eveventully all transactions will be computerised since this is the only way to transact a montiray system successfully.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 935459, member: 4552"]I've been saying this for a long time now. Coins and currency are on their way out. Soon coin usage will vanish. Already there are so many complaints about the cost of coin production and their uages are drindling away. My Son too in college seldom ever used cash. Now after college he still seldom ever even has any cash of any kind on him. Every where he goes it is plastic. I've taken his lead too and now use a credit card for about 90% of all purchases. Every store, gas station, restaurant, etc. I now use a credit card. And many of those cards give you money just for using them so why use cash? One store has their own card and I get 1% back in cash for all non store usages ands 2% back for all in store usages. So why use cash? As our intercontinental businesses increase, something mush be done with the monitary systems of all countries to make it easier to deal. Europe is attepting this now with one type of system. Eveventully all transactions will be computerised since this is the only way to transact a montiray system successfully.[/QUOTE]
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