Message:

<p>[QUOTE=&quot;fiftypee, post: 187427, member: 4700&quot;]Hello folks!</p><p><br /></p><p>As a Canadian who has lived with one dollar coins since 1987 and two dollar coins since 1996, people are adaptable to anything.&nbsp; People resist change because they are comfortable with what they have.&nbsp; To admit the almighty US dollar is losing value is hard to accept, but it is reality.</p><p><br /></p><p>Re: Killing the penny (or 1 cent piece)</p><p><br /></p><p>You are looking at two different points of view...</p><p><br /></p><p>1. We make coins to provide a service to the public.&nbsp; So it may be a losing proposition to make certain denominations, but it is a service so we do it anyways.&nbsp; South Africa made their 1 cent coin for years even though it was costing them about 11 South African cents to make.&nbsp; Now they have finally stopped making them, although they remain legal tender.</p><p><br /></p><p>2. We only make coins that are profitable.&nbsp; In this we look at the the entire cost of production and the cost of the metal, and make our decisions based on this.&nbsp; Whether we change our alloys or not,&nbsp; is based upon the metal prices of the world.</p><p><br /></p><p>Re:&nbsp; $1 bill or coin</p><p><br /></p><p>There are also some points of view to look at....</p><p><br /></p><p>1. A one dollar bill is a service to the public.&nbsp; In this line of thinking we make one dollar bills so long as the government wants to do it.&nbsp; Even if it costs lots of money to make, we still do it anyways.&nbsp; I have seen countries that have low value notes, and yet they still make them. Basically there point of view is just that it doesn&#039;t matter what the rest of the world does, we are doing it this way.</p><p><br /></p><p>2. A one dollar coin will help facilitate commerce.&nbsp; In Canada Voyageur dollars never circulated much.&nbsp; I would never go to a store and get a Voyageur dollar in change.&nbsp; The nickel Voyageur dollar was the same size as the UK 50p coin, and yet it never circulated like the 50p coin circulated in the UK.&nbsp; The public wasn&#039;t ready to have a circulating dollar coin, but when it came down to it, the public didn&#039;t really have a say in the matter it seemed.</p><p><br /></p><p>As a kid I could go to a bank, and get a Voyageur dollar and spend it at any business no problem.&nbsp; I am sure though that as soon as I spent it, someone from that business would buy it and take it home as a novelty item.</p><p><br /></p><p>It seemed that the business groups petitioned the government in the 1980&#039;s to create a circulating dollar coin, and the government listened and agreed to their concern.&nbsp; In 1987 the dollar coin was created, and gradually our dollar bill was eliminated.&nbsp; Now I hardly miss the dollar note.&nbsp; I am so use to the dollar coins.</p><p><br /></p><p>Misc. thoughts on the whole matter:</p><p><br /></p><p>In my part of Canada we never had vending machines that would take $1 bills, so when you went on a trip somewhere, I would always have at least $5 in quarters just in case I wanted to make a purchase somewhere along the way at a vending machine.&nbsp; $5 (20 quarters) x 5grams per quarter is alot of weight in the pocket.&nbsp; </p><p><br /></p><p>Now that we have $1 coins and $2 coins, it makes carrying change alot more lighter in the pocket.&nbsp; There are days when I have 3 toonies ($2 coins) and 4 loonies ($1 coins) and the total weight is around 50grams.&nbsp; Alot easier to manage.</p><p><br /></p><p>Anyways these are my thoughts.&nbsp; In Canada the coin thing works.&nbsp; I don&#039;t miss the bills at all.&nbsp; Time heals old wounds l guess.</p><p><br /></p><p>Talk to you all later.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in