Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Presidential Dollars at Local Bank
>
Reply to Thread
Message:
<p>[QUOTE="gusmahler, post: 202672, member: 8089"]I think the coin and the bill and co-exist. There is a huge reason that no one uses the $1 coin. And it has nothing to do with the size of the coin--no one has them, so you can't get them.</p><p><br /></p><p>How do you get $1 bills? ATMs only give out $20s and sometimes $10s. So you only get $1 bills when you break a big bill. But can you remember the last time a store gave you a $1 coin as change? I don't think it's ever happened to me. </p><p><br /></p><p>The way to get them in circulation is to start with the vending machines. I bought BART tickets the other day and it cost me $15.20. So did the machine give me 4 dollar coins, the logical thing to do? Nope. It gave me 19 quarters, which promptly ended up in my change jar at home. I went to the grocery store and self paid with a $10. What did I get for change? $1 bills. </p><p><br /></p><p>If those types of machines gave $1 coins as change, people would start using them. Then the retailers would have some and could give some out as change. Then it would snowball as customers realized that $1 coins are easier to use in vending machines. </p><p><br /></p><p>Now, we are stuck in the situation where $1 coins are treated as a novelty and if you get one, you keep it as a souvenier instead of putting it in circulation. I owed a friend $8. So I gave her a $5 bill, an Ike, a Sac, and a Prez. She'd never seen any of those coins before! </p><p><br /></p><p>I was actually guilty of that too (keeping as souveniers). But I decided to change that. I took one of the two rolls my bank allowed me to buy and actually started using them. You know what? They are easier to use than dollar bills. No taking out my money clip to find my ones. No more stuffing bills down my pocket then struggling to sort them. Just take out 3 coins and pay for the item. Yes, 20 coins is heavier than 20 bills. But they are much easier to handle.</p><p><br /></p><p>As for the advantage of the Ike being its size. I disagree. 20 Ikes is really heavy. 20 Sacs or Presidential dollars is easy to carry around.[/QUOTE]</p><p><br /></p>
[QUOTE="gusmahler, post: 202672, member: 8089"]I think the coin and the bill and co-exist. There is a huge reason that no one uses the $1 coin. And it has nothing to do with the size of the coin--no one has them, so you can't get them. How do you get $1 bills? ATMs only give out $20s and sometimes $10s. So you only get $1 bills when you break a big bill. But can you remember the last time a store gave you a $1 coin as change? I don't think it's ever happened to me. The way to get them in circulation is to start with the vending machines. I bought BART tickets the other day and it cost me $15.20. So did the machine give me 4 dollar coins, the logical thing to do? Nope. It gave me 19 quarters, which promptly ended up in my change jar at home. I went to the grocery store and self paid with a $10. What did I get for change? $1 bills. If those types of machines gave $1 coins as change, people would start using them. Then the retailers would have some and could give some out as change. Then it would snowball as customers realized that $1 coins are easier to use in vending machines. Now, we are stuck in the situation where $1 coins are treated as a novelty and if you get one, you keep it as a souvenier instead of putting it in circulation. I owed a friend $8. So I gave her a $5 bill, an Ike, a Sac, and a Prez. She'd never seen any of those coins before! I was actually guilty of that too (keeping as souveniers). But I decided to change that. I took one of the two rolls my bank allowed me to buy and actually started using them. You know what? They are easier to use than dollar bills. No taking out my money clip to find my ones. No more stuffing bills down my pocket then struggling to sort them. Just take out 3 coins and pay for the item. Yes, 20 coins is heavier than 20 bills. But they are much easier to handle. As for the advantage of the Ike being its size. I disagree. 20 Ikes is really heavy. 20 Sacs or Presidential dollars is easy to carry around.[/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
>
Presidential Dollars at Local Bank
>
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...