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<p>[QUOTE="Drago the Wolf, post: 1319973, member: 22476"]Here is what one company told me about as far as $2 bills and halves go:</p><p><br /></p><p>Tom ~</p><p><br /></p><p>Regarding the $2 bill, several manufacturers have removed the programming for the $2 bill to free up memory. It can be put back in with relative ease if needed, but it may be a special order.</p><p><br /></p><p>Regarding the half dollar there are several issues you face. The acceptance of the $.50 coin will be difficult as we have seen with the $1 coin. There are hundreds of millions of dollars of these coins sitting on the shelves at the mint because the public will not embrace them. Getting $1 coins from you bank is also a problem; most banks do not stock them and you must order them in advance. Some banks are actually charging customers for the $1 coins. The second issue is the coin changers for the vending machines do not credit up $.50 pieces. Again, I think it is a use/memory issue in the software. </p><p><br /></p><p>Regarding giving change in bills, that is possible but it only give back one denomination, i.e. if you put in a $20 bill and bought an item for $2.50 you would get back two $5 bills and two quarters. The machine can be made to accept $100 and $50 but again the “bill recycler” can only give one denomination in change. There are machines that can give back multiple denominations as change but the units that do that do not fit in the traditional vending machines; there is limited space in the machines for the mechanisms that accept money and give back change.</p><p><br /></p><p>Anything is possible but currently paying back multiple denominations in a traditional vending machine is not available. If you have any questions I am more than willing to help, you can call me a the number below if you like.</p><p><br /></p><p>Good Luck. </p><p><br /></p><p>Regards,</p><p>Bill Watson</p><p>General Manager</p><p><br /></p><p><a href="http://www.weymouthdist.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.weymouthdist.com/" rel="nofollow">Weymouth Distributing Co. Inc.</a></p><p>944 Venice Blvd.</p><p>Los Angeles, Ca. 90015</p><p>213-748-5181</p><p><img src="http://mail.aol.com/35138-111/aol-6/en-us/mail/get-attachment.aspx?uid=28692080&folder=NewMail&partId=3" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>I responded:</p><p><br /></p><p><br /></p><p>Hi Bill,</p><p><br /></p><p>Thanks a lot for all of the information. I will respond to your answers to me, and see what else you think. Because I think I have some good arguments in defense of both, the $2 bill and the half.</p><p><br /></p><p><br /></p><p><span style="color: black"><font face="arial">Tom ~</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Regarding the $2 bill, several manufacturers have removed the programming for the $2 bill to free up memory. It can be put back in with relative ease if needed, but it may be a special order.</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: red">If I do this business idea, I would want $2 bills to be accepted by my machines. How much might bringing back the programming cost?</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Regarding the half dollar there are several issues you face. The acceptance of the $.50 coin will be difficult as we have seen with the $1 coin. There are hundreds of millions of dollars of these coins sitting on the shelves at the mint because the public will not embrace them. Getting $1 coins from you bank is also a problem; most banks do not stock them and you must order them in advance. Some banks are actually charging customers for the $1 coins. The second issue is the coin changers for the vending machines do not credit up $.50 pieces. Again, I think it is a use/memory issue in the software. </font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: red">I disagree with this. Most people I've ever seen talking about using halves in their tills as cashiers, have had only about a 2% rejection rate from customers. My whole hang up with both $2 bills and halves is that, banks do not hand them out as needed and self checkouts do not dispense them as needed, and 99% of the population is not going to go out of their way to ask for certain denominations. Many people on vaious coin newsgroups and message boards have agreed with me that, if self checkout and vending machines accepted and spit out $2 bills and halves at them that, for a while, there will be two groups of people. One group would be your complainers, and the other group would be your hoarders. However, after a few months or so, people would just see $2 bills and halves as common money and not give them a second glance. Also, about the dollar coin acceptance issue. The reason the dollar coin does not circulate well, is because we have $1 bills, and, when given a choice, the consumers will always choose the bills. There are no choices with the $2 and 50 cent denominations. There is no $2 coin, nor no 50 cent bill, which is why I believe halves would have a a better chance at circulating than dollar coins, if they got handed out into circulation as any other denomination. Many people who do not like carrying a lot of change might like the idea of getting one half over two quarters. Not to mention, rejecting a half for two quarters would be just plain silly to most people, if you ask me. Unless they use a bunch of vending machines regularly, and need those quarters due to the machines not acceping halves.</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: #ff0000">Anyway, one important issue I must raise is, there was a guy who told me that there are machines that accept halves, and I have also read that there are some that do, but one person told me that the limit for the size of the coins accepted in most modern vending machines is about "28.8 mm" I believe, and the half, unfortunately, is "30.61 mm" and would not fit in most mechanisms, however, the dollar coin is "26.5mm" so, they work, however, I am not really all that interested in getting dollar coins to circulate, due to the fact of having $1 bills, however, like I said, we don't have $2 coins or 50 cent bills, so I will support the $2 bill and half dollar coin, and hope that, with times, if I am sucessful that other businesses decide to follow in my footsteps. I hope to exaust that 10 year supply of halves sitting in the Federal Reserve vaults, if my ideas become popular.</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: #ff0000">So, do you think you could make a mechanisn or do you have a mechanism that accepts and dispenses halves as needed?</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Regarding giving change in bills, that is possible but it only give back one denomination, i.e. if you put in a $20 bill and bought an item for $2.50 you would get back two $5 bills and two quarters. The machine can be made to accept $100 and $50 but again the “bill recycler” can only give one denomination in change. There are machines that can give back multiple denominations as change but the units that do that do not fit in the traditional vending machines; there is limited space in the machines for the mechanisms that accept money and give back change.</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: red">If there is a limit to one denomination to give out in change and I accepted ALL denominations, including $50 and $100 bills, I believe that the logical choice for that denomination that gets recycled, would be the $5 bill. Sure with a $100 bill, if you spent $5 or less, you would wind up with 19 $5 bills and more coins for the rest of their channge, but since the machine would also accept smaller bills, the only other denomination I could see the machine giving out, is $10s and most people will likely only be putting $10s and/or lower bills in the machines.</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Anything is possible but currently paying back multiple denominations in a traditional vending machine is not available. If you have any questions I am more than willing to help, you can call me a the number below if you like.</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: red">If anything is possible, is half dollar acceptance and dispensing possible? I mean, even if the standard machines do not take the half due to its size, could a custom coin mechanism be made or ordered? Because, as I said, I have read and been told that there are indeed machines out there that accept halves.</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Good Luck. </font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"><font size="2"><span style="color: red">Thank You, Bill. If you can help me out, please let me know.</span></font></font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">Regards,</font></span></p><p><span style="color: black"><font face="arial">Bill Watson</font></span></p><p><span style="color: black"><font face="arial">General Manager</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial">(I wonder if this guy is aware of the "size" problem with halves in most vending mechanisms, but if there are mechanisms out there, accepting halves, I should be able to get ahold of some.)</font></span></p><p><span style="color: black"><font face="arial"><br /></font></span></p><p><span style="color: black"><font face="arial"></font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1319973, member: 22476"]Here is what one company told me about as far as $2 bills and halves go: Tom ~ Regarding the $2 bill, several manufacturers have removed the programming for the $2 bill to free up memory. It can be put back in with relative ease if needed, but it may be a special order. Regarding the half dollar there are several issues you face. The acceptance of the $.50 coin will be difficult as we have seen with the $1 coin. There are hundreds of millions of dollars of these coins sitting on the shelves at the mint because the public will not embrace them. Getting $1 coins from you bank is also a problem; most banks do not stock them and you must order them in advance. Some banks are actually charging customers for the $1 coins. The second issue is the coin changers for the vending machines do not credit up $.50 pieces. Again, I think it is a use/memory issue in the software. Regarding giving change in bills, that is possible but it only give back one denomination, i.e. if you put in a $20 bill and bought an item for $2.50 you would get back two $5 bills and two quarters. The machine can be made to accept $100 and $50 but again the “bill recycler” can only give one denomination in change. There are machines that can give back multiple denominations as change but the units that do that do not fit in the traditional vending machines; there is limited space in the machines for the mechanisms that accept money and give back change. Anything is possible but currently paying back multiple denominations in a traditional vending machine is not available. If you have any questions I am more than willing to help, you can call me a the number below if you like. Good Luck. Regards, Bill Watson General Manager [URL="http://www.weymouthdist.com/"]Weymouth Distributing Co. Inc.[/URL] 944 Venice Blvd. Los Angeles, Ca. 90015 213-748-5181 [IMG]http://mail.aol.com/35138-111/aol-6/en-us/mail/get-attachment.aspx?uid=28692080&folder=NewMail&partId=3[/IMG] I responded: Hi Bill, Thanks a lot for all of the information. I will respond to your answers to me, and see what else you think. Because I think I have some good arguments in defense of both, the $2 bill and the half. [COLOR=black][FONT=arial]Tom ~ Regarding the $2 bill, several manufacturers have removed the programming for the $2 bill to free up memory. It can be put back in with relative ease if needed, but it may be a special order. [SIZE=2][COLOR=red]If I do this business idea, I would want $2 bills to be accepted by my machines. How much might bringing back the programming cost?[/COLOR][/SIZE] Regarding the half dollar there are several issues you face. The acceptance of the $.50 coin will be difficult as we have seen with the $1 coin. There are hundreds of millions of dollars of these coins sitting on the shelves at the mint because the public will not embrace them. Getting $1 coins from you bank is also a problem; most banks do not stock them and you must order them in advance. Some banks are actually charging customers for the $1 coins. The second issue is the coin changers for the vending machines do not credit up $.50 pieces. Again, I think it is a use/memory issue in the software. [SIZE=2][COLOR=red]I disagree with this. Most people I've ever seen talking about using halves in their tills as cashiers, have had only about a 2% rejection rate from customers. My whole hang up with both $2 bills and halves is that, banks do not hand them out as needed and self checkouts do not dispense them as needed, and 99% of the population is not going to go out of their way to ask for certain denominations. Many people on vaious coin newsgroups and message boards have agreed with me that, if self checkout and vending machines accepted and spit out $2 bills and halves at them that, for a while, there will be two groups of people. One group would be your complainers, and the other group would be your hoarders. However, after a few months or so, people would just see $2 bills and halves as common money and not give them a second glance. Also, about the dollar coin acceptance issue. The reason the dollar coin does not circulate well, is because we have $1 bills, and, when given a choice, the consumers will always choose the bills. There are no choices with the $2 and 50 cent denominations. There is no $2 coin, nor no 50 cent bill, which is why I believe halves would have a a better chance at circulating than dollar coins, if they got handed out into circulation as any other denomination. Many people who do not like carrying a lot of change might like the idea of getting one half over two quarters. Not to mention, rejecting a half for two quarters would be just plain silly to most people, if you ask me. Unless they use a bunch of vending machines regularly, and need those quarters due to the machines not acceping halves.[/COLOR][/SIZE] [SIZE=2][COLOR=#ff0000]Anyway, one important issue I must raise is, there was a guy who told me that there are machines that accept halves, and I have also read that there are some that do, but one person told me that the limit for the size of the coins accepted in most modern vending machines is about "28.8 mm" I believe, and the half, unfortunately, is "30.61 mm" and would not fit in most mechanisms, however, the dollar coin is "26.5mm" so, they work, however, I am not really all that interested in getting dollar coins to circulate, due to the fact of having $1 bills, however, like I said, we don't have $2 coins or 50 cent bills, so I will support the $2 bill and half dollar coin, and hope that, with times, if I am sucessful that other businesses decide to follow in my footsteps. I hope to exaust that 10 year supply of halves sitting in the Federal Reserve vaults, if my ideas become popular.[/COLOR][/SIZE] [SIZE=2][COLOR=#ff0000]So, do you think you could make a mechanisn or do you have a mechanism that accepts and dispenses halves as needed?[/COLOR][/SIZE] Regarding giving change in bills, that is possible but it only give back one denomination, i.e. if you put in a $20 bill and bought an item for $2.50 you would get back two $5 bills and two quarters. The machine can be made to accept $100 and $50 but again the “bill recycler” can only give one denomination in change. There are machines that can give back multiple denominations as change but the units that do that do not fit in the traditional vending machines; there is limited space in the machines for the mechanisms that accept money and give back change. [SIZE=2][COLOR=red]If there is a limit to one denomination to give out in change and I accepted ALL denominations, including $50 and $100 bills, I believe that the logical choice for that denomination that gets recycled, would be the $5 bill. Sure with a $100 bill, if you spent $5 or less, you would wind up with 19 $5 bills and more coins for the rest of their channge, but since the machine would also accept smaller bills, the only other denomination I could see the machine giving out, is $10s and most people will likely only be putting $10s and/or lower bills in the machines.[/COLOR][/SIZE] Anything is possible but currently paying back multiple denominations in a traditional vending machine is not available. If you have any questions I am more than willing to help, you can call me a the number below if you like. [SIZE=2][COLOR=red]If anything is possible, is half dollar acceptance and dispensing possible? I mean, even if the standard machines do not take the half due to its size, could a custom coin mechanism be made or ordered? Because, as I said, I have read and been told that there are indeed machines out there that accept halves.[/COLOR][/SIZE] Good Luck. [SIZE=2][COLOR=red]Thank You, Bill. If you can help me out, please let me know.[/COLOR][/SIZE] Regards, Bill Watson General Manager (I wonder if this guy is aware of the "size" problem with halves in most vending mechanisms, but if there are mechanisms out there, accepting halves, I should be able to get ahold of some.) [/FONT][/COLOR][/QUOTE]
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