Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
New Dollar Coin Already Doomed to Fail...
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 98368, member: 66"]Actually Crane would get hurt very little. Yes the amount of paper required to make one dollar notes would be eliminated, but the amout of paper need to make two dollar notes would skyrocket. The effective over all reduction in the paper requirements would be small. Think about it. The government DOES make two dollar bills, and the people do prefer to use paper over a coin, so if they can't get ones they will ask for or the bank will offer twos. Since more twos are asked for, the bank asks for more twos from the fed. Since the fed is having more twos requested they ask for more twos from the BEP. Since the BEP needs to make more twos they need more paper from Crane.</p><p><br /></p><p>As for having a bunch of coins to carry around, why? You should never have a reason to have more than one in your pocket unless you want to. If you eliminate the dollar bill and we make a $1 purchase with a $5 bill, in change you should get 2 $2 bills. Make a $2 purchase, get a $2 and a $ coin. Make a $3 purchase, get a $2 bill. Make a $4 purchase get a $ coin. Say I have a $ coin, a $2 bill and a $5 bill and I want to make a $4 purchase. If I give them the $5 I get a $ coin back and I would have two of them. But if I give them the $5 and the $ coin I get a $2 bill back and I have no coins. If you have a pocket full of coins it's your own fault.</p><p><br /></p><p><br /></p><p>Not always, or else we wouldn't have authorized $250 million dollar to build a bridge to nowhere in Alaska. Every was against that bridge. Even the people in Alaska that would have been served by it (all fifty of them) didn't want it. The only people who wanted it were the construction company that will build it, and the Alaska Senator whose name will be on it. So all they need to do is discontinue the dollar bill right after election day, people will scream bloody murder, but by the time elections roll around the next year people will have become used to using the coins and they won't care about what the politicians did to make them angry the previous year. If there is anything with a shorter lifespan than a political promise, it's a constituents indignation. (I do agree though that they are scared of the people grumbling. Take digital TV broacasting, ten years ago legislation was passed requiring all the stations in the country to be switched over to digital within ten years. That means by the end of this year. Very few have, so today they passed a bill saying they have to be switched over by Feb 17th 2009. A three year extention. I bet they wil wind up extending it again in three years.) </p><p><br /></p><p><br /></p><p>Itsbeen longer than that. The government made the first steps with the avowed purpose of converting the country to the metric system back in 1866 when they pegged the weight of the nickel at exactly 5 grams. And that was deliberate. Earlier drafts of the bill had the weight at an odd amount but it was increase to make it an even 5 grams specificly so that it could be used as a 5 gram weightand assist in a conversion to the metric system. Later when the weights of the silver coins were increased in 1873, they were increased in such a way that they were, even, half, or quarter gram divisions. Before then they were odd weight units. So the transition to metric in this country has been going on for almost 140 years.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 98368, member: 66"]Actually Crane would get hurt very little. Yes the amount of paper required to make one dollar notes would be eliminated, but the amout of paper need to make two dollar notes would skyrocket. The effective over all reduction in the paper requirements would be small. Think about it. The government DOES make two dollar bills, and the people do prefer to use paper over a coin, so if they can't get ones they will ask for or the bank will offer twos. Since more twos are asked for, the bank asks for more twos from the fed. Since the fed is having more twos requested they ask for more twos from the BEP. Since the BEP needs to make more twos they need more paper from Crane. As for having a bunch of coins to carry around, why? You should never have a reason to have more than one in your pocket unless you want to. If you eliminate the dollar bill and we make a $1 purchase with a $5 bill, in change you should get 2 $2 bills. Make a $2 purchase, get a $2 and a $ coin. Make a $3 purchase, get a $2 bill. Make a $4 purchase get a $ coin. Say I have a $ coin, a $2 bill and a $5 bill and I want to make a $4 purchase. If I give them the $5 I get a $ coin back and I would have two of them. But if I give them the $5 and the $ coin I get a $2 bill back and I have no coins. If you have a pocket full of coins it's your own fault. Not always, or else we wouldn't have authorized $250 million dollar to build a bridge to nowhere in Alaska. Every was against that bridge. Even the people in Alaska that would have been served by it (all fifty of them) didn't want it. The only people who wanted it were the construction company that will build it, and the Alaska Senator whose name will be on it. So all they need to do is discontinue the dollar bill right after election day, people will scream bloody murder, but by the time elections roll around the next year people will have become used to using the coins and they won't care about what the politicians did to make them angry the previous year. If there is anything with a shorter lifespan than a political promise, it's a constituents indignation. (I do agree though that they are scared of the people grumbling. Take digital TV broacasting, ten years ago legislation was passed requiring all the stations in the country to be switched over to digital within ten years. That means by the end of this year. Very few have, so today they passed a bill saying they have to be switched over by Feb 17th 2009. A three year extention. I bet they wil wind up extending it again in three years.) Itsbeen longer than that. The government made the first steps with the avowed purpose of converting the country to the metric system back in 1866 when they pegged the weight of the nickel at exactly 5 grams. And that was deliberate. Earlier drafts of the bill had the weight at an odd amount but it was increase to make it an even 5 grams specificly so that it could be used as a 5 gram weightand assist in a conversion to the metric system. Later when the weights of the silver coins were increased in 1873, they were increased in such a way that they were, even, half, or quarter gram divisions. Before then they were odd weight units. So the transition to metric in this country has been going on for almost 140 years.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
New Dollar Coin Already Doomed to Fail...
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...