To be honest i really dont want the tokens aka dollar coins replaced i really want the silver dollars the morgan dollars the ones that are big replaced instead becuase they do not look like tokens or quarters if they cant do that bring back the eisenhower i think if they replaced dollars bills with those coins just mint only couple million morgan dollars a year i think it could work
Too big. That's precisely why the ikes didn't catch on. As well as being a base metal plus they didn't kill the note. Seated, Morgans, peace etc were silver and the size was needed due to weight standards so people accepted them plus back then pockets really weren't commonplace until well into the Morgan run. People kept them in pouches. Nobody today will accept a large dollar coin period. Small ones can catch on but it will require the $1 note to be killed.
I like the current size of the small dollars OK but the British pound coins, despite being of a smaller diameter, have a nicer feel in hand because they're thicker and chunkier.
Face it, the future is " digital plastic ". Maybe sad , but true unless someone breaks bitcoin's scheme badly and threatening so it can be cracked significantly, the banks are tired of physical money.
With digital plastic, banks would be laying off 95% of their workers. All deposits would be electronic. There's no need for withdrawals or ATMs as there is no cash. So no need for tellers, ATM cards/ machines. You would need a few "officers" to handle customers/business. And a couple tellers to input and check data.
Cash is an inconvenience. Coins are even more inconvenient. The future of money is electronic - as are most transactions today.
I think y'all are right. The future of physical money is in doubt and the 21st century may see the end of it. Maybe not in my lifetime, but in my children's. I already am to the point where I might use cash once or twice a month, and coins not at all. I simply let my change accumulate until the jar is full and I then I take it to the CoinStar. I seldom use vending machines and those take paper dollars or even plastic now. As a numismatist, the impending doom of coins as a medium of exchange used to make me sad, until I realized it has no bearing on my collecting at all. After all, I'm not spending tetradrachms or denarii on my hobby (though I'm occasionally buying them). Money comes and money goes, and the idea of what constitutes money has evolved over 2,700 years and will continue to change. If the Lincoln cents and Washington quarters and Euro coins and Canadian Loonies all become obsolete, so what? That will just make 'em more collectible. Plastic as money? Bring it on. I don't care what the stuff I spend looks like. The stuff I collect will just become increasingly old-fashioned.
Physical money won't actually end, there are still plenty of purchases people make with cash they they don't want on their credit cards. As long as there are people hiding spending from their spouses there will be cash. That said electronic money is going to take a bigger percentage of transactions which the internet has played a significant role.
I always spend coins. The coin acceptor at the supermarket is the greatest invention since the light bulb. What am I supposed to do? Put it in the Coin Star and let them keep 11% of my money?
There is this wonderful thing called punctuation. You should try it sometime. If you had used punctuation, your point would have been a little clearer. What you wrote sounded like my seven-year-old sister trying to tell a story while she was on a sugar high.