Justify why we need the $1 paper bill instead of a dollar coin!

I for one really, really like the idea of a one dollar coin that actually circulates in the US. I would prefer that, A. it be bigger than the SBA or Sac, maybe half dollar size? and B., it not be a quickly fading gold color.

There is one thing and one thing only that will get a stubborn US population to end its aversion to the $1.00 coin: stop making one dollar bills. They will all soon wear out and be replaced by the coins and we will have no other choice. Then we will get over it.

The whole vending machine acceptance thing doesn't really concern me. I worked for a vending maching company a while back, and believe me, if people begin using $1.00 coins, they will adapt and refit their machines to accept $1.00 coins in a hurry.

 

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Our dollar coins will have the presidents on them 4 a year for the next decade or longer, the SBA is being demonitised,and the sac will stay,,

The vending companies that supply the Fed will be changed over By tax payer dollars, and the cost at the other vending machines will go up, we save some tax dollars by going to the coins, we lose some income by supporting them,

No tax break will come as a result the tax savings it will be spent somewhere else in the barrell !! in a few years we will forget that their should be some 20 to 30 million dollars in savings and our taxes will have been raised to re pay Social Security loans !!

our coins will be acceptable to the rest of the world and everyone will be happy,, so whats the problem?

I will carry dollars as long as they are available and I will use them as always, except when I pay my taxes, I will pay that with coins ! I cant wait to Fed Ex a couple of thousand of these to the IRS.

anyways as is becoming common place in this country the Government will do as it pleases, just another silent voice in the desolate Halls of a government of the people for the people .

 

Aluminum dollars? Why not plastic with a hologram to prevent counterfeiting?

But I can think of a couple of reasons why it might be costly to eliminate the $1 bill. First, there is no place in the typical cash register for dollar coins. Second, all of the vending machines that take $1 bills would have to be replaced. These two things alone will cost billions of dollars to change nationally.

 

Most vending machines can easily be programmed to accept dollar coins, as for replacing machines that accept paper money is not a problem. Just let them live out their natural live and replace them when the time comes. Just when they are replaced, have them replaced with the non-paper dollar machines (cheaper then the ones that take bills). This way there is no additional cost to the vending machine company.

As for cash register tills, just put the dollar coins in where the one dollars bills used to go.

 

Defiant7
Registered User Join Date: Dec 2004
Posts: 83

Most vending machines can easily be programmed to accept dollar coins, as for replacing machines that accept paper money is not a problem. Just let them live out their natural live and replace them when the time comes. Just when they are replaced, have them replaced with the non-paper dollar machines (cheaper then the ones that take bills). This way there is no additional cost to the vending machine company.

As for cash register tills, just put the dollar coins in where the one dollars bills used to go.



Even duct tape and bailing wire fixes cost money to the consumer ,there is no doubt this change over will cost the end users Millions of dollars in the end, that is just the way its done, all of the additional costs are passed to the end users.

Rick

 

Well everything costs money but is maintaining the status quo more effective, then a one time cost, I doubt it. Besides most vending machine companies have already seen this coming, chances are you already are paying for these costs.

 

Your average NorthEast Pepsi Machine can't obviously handle the Sackies and Anthonies, because my mom got a Sackie from a machine which had mistaken it for a quarter.

 

This discussion came up at lunch a few days ago. My coworkers absolutely HATE dollar coins. I said "They should just get rid of the dollar bill." One of them actually told me I should be hanged for even suggesting it. Another stated that if that ever happened, he would never use cash again.

 

I am all for the dollar bill, it's just more convenient to carry. I do think an Ike sized $5 or $10 coin would be great. You could make a clad $10 that would be beautiful (as opposed to the tarnishing fake loonie Sacs). I think these would be very popular. How about a solid silver $20?

 

Got to keep the dollar bill. No need for the dollar coin and now that I think of it why do we need the nickel? Just wanted to put in my five cents.

 

They can be made to handle them, though. Here at work, every snack & soda machine takes SACs and SBAs, and the change machines dispense them.

 

It's a long thread so I guess i'll reply all at once.

- As mentioned earlier a flaw with US money they do featured past presidents and that's too much politics in a coinage that is used by EVERYONE, and yet not EVERYONE necessarily agrees with a particular president. On the other hand a monarch or a neutral symbol like an emblem or a figure like Liberty works well.

- Also as mentioned earlier who would get 10$ in coins instead of 10$ in bills in a wallet? You accumulate dollar bills in your wallet since you don't spend it because it looks similar to other denominations. Have a coin designed distinctively different from other denomination and you'd spend them easily and readily as you accumulate them in your purse. When they give you change they give you bills first and the rest in change. The most you'd be given in 1$ coins would be four unless you ask for something else or no bills were available.

Trust me, from a Canadian who has dealt with the 2$ bill-coin switch over, you'll start spending them when you start having 3-4 pieces of it in your purse. The complaint about no space for coins is not really valid. I only miss the 2$ bill from a numismatic point of view. The last bill series was much more classier than the present series, imo, but I digress.

And yeah, no one says "twoosie" or even worse "2$ loonie", it's a TOONIE, damn it!

- Gosh, people were given too much say sometimes. I'm not suggesting there should be a dictatorship instead, but you can't effectively run a country without someone firmly says change will happen, this is what the government has decided and change will not be stopped. There will always be different opinions and you'll never be able to do anything waiting for an unanimous vote. Once the representative government is elected it should be free to do what it is empowered to do and there's no need to consult again the polls. The vote WAS the poll. Let them debate the issues in the House. A government just can't be concerned of what "might" not be readily acceptable by the public. If it was a wrong decision the government would be voted out next time, simple as that. What are the people going to do? I mean, boycott the dollar coin and have nothing else to spend? Again, removing the 1$ bill is the key. It has to occur simulaneously.

- Other than vending machines there are also transits fare boxes. Gosh, just have them stop accepting bills and people will be forced to use coins. If the vending machine industry is relunctant to accept change (in more ways than one), SOMEONE ELSE will gladly take over.

- Hong Kong introduced its 10$ coin in the late 1990s. Actually the coin is more popular. The attempt for the magenta plastic bill at around the same time was unsuccessful. The 10$ bills people have been used to have been green across different issuing banks. This is now the 7th and the largest denomination in the coin series. All I got to say is, suck it up! Americans have only been dealing with the 4 and have trouble with the 5th!?

- No space for it in the cashier??? com'on.

- As for the change over causes job cuts at the mint? Sheesh, minting coins uses labour too!

- Actually a bulging G-string on a male stripper is considered attractive.

Just makes me frustrated how so many people have all these little excuses for not accepting change.

 

Not by me, it's not!

But on a more serious note, I agree with your points. Too many people in the United States want everything to be like it was in 1955. It can't be. The problem the United States has, in relation to the rest of the world, is that we're the most conservative nation on the face of the earth. Not that being conservative is bad, necessarily (I'm the poster child for conservatism). It's just that we Americans (left and right, believe it or not) hate change. We find our comfort zone, be it 1955 or 1968, and want to stay there. In both times we had $1 notes. So, outside of a few common sense collectors, nobody is pushing for change.

 

I suppose that if coinage isn't made from gold and silver anymore, and paper money has no metal backing it, there is really no reason to try to make it look dignified.

 

Is that why the white males of Europe are not making babies with the women of Europe anymore. I have read and seen the drop in population.

 

Since I started searching SAC's looking for cheerios. (wow that sounds gay) I have realized that all of the people who opose the coin as stuborn. I have tried them out, and I mean seriously tried them. I felt comfortable with as many as 10 in my pockets at a time. 5 in each but still 10 dollars in coins. I even tried it with quarters and realized their isn't much difference. In the Midwest they are actually easier to use in vending machines and If your lucky, and I mean really lucky, you will find a cheerio SAC and retire after selling it on Ebay for 100 million dollars.

The bills are only convient because they are the only ones there. If the coins were there also, I would prefer the coins.