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<p>[QUOTE="19Lyds, post: 1288076, member: 15929"]A dollar coin is just as easy to "use" as a paper bill since most folks do not really care as long as the change received is correct and as long as its spendable at the next store they visit. Receiving a silver bullion slug that has a value of $30 just isn't the same as receiving a ten and a twenty.</p><p><br /></p><p>As for carrying lots of change? A fairly baseless argument intended to dupe folks that don't or won't give it some rational thought. NOBODY carries "lot's of change" and everybody will swap out change as soon as its convenient. This includes one dollar bills for fives or ten's. </p><p><br /></p><p>As for the "wallet"? For me its a non-issue since I carry a wallet for my identifying papers ONLY. I haven't carried bills in my wallet since losing it the first time. Bills go in the pocket along with the coins.</p><p><br /></p><p>Coins sitting in bank vaults has NOTHING to do with whether or not folks "want" or "look" for them and has EVERYTHING to do with what RETAILERS order for making change at the register. Folks could really care less and after a year or so, won't care at all. The thing they really care about is whether or not it will spend when they need to spend it. </p><p>Coins in bank vaults represents a choice and the elimination of the dollar bill eliminates the "choice". True, most folks will "choose" the dollar bill over the coin but the coin is still a buck and 10 of them will still get you a ten dollar bill at any bank or store. Eliminate the choice AND save some money, then you eliminate the problems.</p><p><br /></p><p>This is simply untrue. Yes, there were folks that abused the system but there were lots of folks that actually ordered the rolls and spent them after searching them. Exactly how different is this from ordering a $25 box of cents to go through and then returning them to the bank? For the record, the current circulation cycle of the dollar coin, regardless of how you look at it, is as follows:</p><p><br /></p><p>1. Receive rolls from the mint.</p><p>2. Search the roll.</p><p>3. Spend what's left over at the local store.</p><p>4. Local Store Returns the coin to the Local Bank.</p><p>5. Local Bank returns the coin to the Feds.</p><p>6. End of cycle.</p><p><br /></p><p>Until merchants order the dollar coins AND give them out as change, the only place they'll ever end up is in storage vaults. Given the "choice", merchants will still CHOOSE the dollar bill. Eliminate that CHOICE and merchants will start ordering AND using dollar coins since they are needed for making change.</p><p><br /></p><p>This is simply untrue. I personally think the Roosevelt is an ugly coin but it does not prevent me from spending it. It also doesn't cause me to turn up my nose at the register and say "Uh, two nickels please because thats one ugly coin which will absolutely ruin me if I carry it in my pocket!" As a matter of fact, ALL the current coinage is ugly unless of course folks think that Abraham Lincoln, Thomas Jefferson and George Washington are actually beautiful? Yes, we're taught that they were great men but beautiful?</p><p>The Eisenhowers and Susan B Anthony's did not circulate for the exact same reason that the Morgan and Peace Dollars did not circulate and the exact same reason that the Presidential Dollars are not circulating. MERCHANTS are not and have never used them to make change. Given the "CHOICE", folks and merchants will opt for the bill. It has nothing to do with design or beauty. It has everything to do with "because thats how we've always done it." or "we choose to order dollar bills because of their convenience."</p><p><br /></p><p><br /></p><p>An ideal example of fairly silly arguments that constantly get brought up. Americans have no "connection" with dollar bills anymore than they have or had a "connection" with Morgan Silver Dollars. Which, since we're on the subject of dollar coins, never circulated either. This accounts for the MILLIONS that are out there just waiting to be "collected". Millions upon millions of Uncirculated Morgans. Hmmmm</p><p><br /></p><p><br /></p><p>Look. This country is in a serious financial hole and the sooner that folks own up to that fact and do everything they can to support "saving" money and doing their "fair share" to get us out of this hole, the better off we'll all be.</p><p><br /></p><p>Continuing to argue about keeping a process in place that can be replaced with something that is better and cheaper is not what I consider "doing your part". If anything at all, it perpetuates the nasty argumentative system that got us here in the first place.</p><p><br /></p><p>It just does not get any simpler than that.</p><p><br /></p><p>Will it solve the debt crisis? No. It certainly isn't helping the European Nations BUT...............it's a step in the right direction.</p><p><br /></p><p><b><font size="3">Dr Kegg</font></b>, I am in no way incinuating that you or any of the other folks are morons or dumb or idiotic. What I am saying is that arguments over continuing to use paper money, which wears out rather quickly, with a medium of exchange which last 30 years or longer is not really being given much thought other than continuing to repeat the politically charged "sky is falling" arguments. A lot of these "arguments" usually illicit an "I never thougth of that" response and the reason for that is because these arguments based on these situations rarely ever happen.</p><p><br /></p><p>Folks in Europe, Canada, Australia, and other countries have adapted well to the elimination of the One and Two dollar bills all the while facing the same boring arguments which get presented on forums such as this. I don;t see it any differently in this country since we are still capable of learning, adapting and changing.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1288076, member: 15929"]A dollar coin is just as easy to "use" as a paper bill since most folks do not really care as long as the change received is correct and as long as its spendable at the next store they visit. Receiving a silver bullion slug that has a value of $30 just isn't the same as receiving a ten and a twenty. As for carrying lots of change? A fairly baseless argument intended to dupe folks that don't or won't give it some rational thought. NOBODY carries "lot's of change" and everybody will swap out change as soon as its convenient. This includes one dollar bills for fives or ten's. As for the "wallet"? For me its a non-issue since I carry a wallet for my identifying papers ONLY. I haven't carried bills in my wallet since losing it the first time. Bills go in the pocket along with the coins. Coins sitting in bank vaults has NOTHING to do with whether or not folks "want" or "look" for them and has EVERYTHING to do with what RETAILERS order for making change at the register. Folks could really care less and after a year or so, won't care at all. The thing they really care about is whether or not it will spend when they need to spend it. Coins in bank vaults represents a choice and the elimination of the dollar bill eliminates the "choice". True, most folks will "choose" the dollar bill over the coin but the coin is still a buck and 10 of them will still get you a ten dollar bill at any bank or store. Eliminate the choice AND save some money, then you eliminate the problems. This is simply untrue. Yes, there were folks that abused the system but there were lots of folks that actually ordered the rolls and spent them after searching them. Exactly how different is this from ordering a $25 box of cents to go through and then returning them to the bank? For the record, the current circulation cycle of the dollar coin, regardless of how you look at it, is as follows: 1. Receive rolls from the mint. 2. Search the roll. 3. Spend what's left over at the local store. 4. Local Store Returns the coin to the Local Bank. 5. Local Bank returns the coin to the Feds. 6. End of cycle. Until merchants order the dollar coins AND give them out as change, the only place they'll ever end up is in storage vaults. Given the "choice", merchants will still CHOOSE the dollar bill. Eliminate that CHOICE and merchants will start ordering AND using dollar coins since they are needed for making change. This is simply untrue. I personally think the Roosevelt is an ugly coin but it does not prevent me from spending it. It also doesn't cause me to turn up my nose at the register and say "Uh, two nickels please because thats one ugly coin which will absolutely ruin me if I carry it in my pocket!" As a matter of fact, ALL the current coinage is ugly unless of course folks think that Abraham Lincoln, Thomas Jefferson and George Washington are actually beautiful? Yes, we're taught that they were great men but beautiful? The Eisenhowers and Susan B Anthony's did not circulate for the exact same reason that the Morgan and Peace Dollars did not circulate and the exact same reason that the Presidential Dollars are not circulating. MERCHANTS are not and have never used them to make change. Given the "CHOICE", folks and merchants will opt for the bill. It has nothing to do with design or beauty. It has everything to do with "because thats how we've always done it." or "we choose to order dollar bills because of their convenience." An ideal example of fairly silly arguments that constantly get brought up. Americans have no "connection" with dollar bills anymore than they have or had a "connection" with Morgan Silver Dollars. Which, since we're on the subject of dollar coins, never circulated either. This accounts for the MILLIONS that are out there just waiting to be "collected". Millions upon millions of Uncirculated Morgans. Hmmmm Look. This country is in a serious financial hole and the sooner that folks own up to that fact and do everything they can to support "saving" money and doing their "fair share" to get us out of this hole, the better off we'll all be. Continuing to argue about keeping a process in place that can be replaced with something that is better and cheaper is not what I consider "doing your part". If anything at all, it perpetuates the nasty argumentative system that got us here in the first place. It just does not get any simpler than that. Will it solve the debt crisis? No. It certainly isn't helping the European Nations BUT...............it's a step in the right direction. [B][SIZE=3]Dr Kegg[/SIZE][/B], I am in no way incinuating that you or any of the other folks are morons or dumb or idiotic. What I am saying is that arguments over continuing to use paper money, which wears out rather quickly, with a medium of exchange which last 30 years or longer is not really being given much thought other than continuing to repeat the politically charged "sky is falling" arguments. A lot of these "arguments" usually illicit an "I never thougth of that" response and the reason for that is because these arguments based on these situations rarely ever happen. Folks in Europe, Canada, Australia, and other countries have adapted well to the elimination of the One and Two dollar bills all the while facing the same boring arguments which get presented on forums such as this. I don;t see it any differently in this country since we are still capable of learning, adapting and changing.[/QUOTE]
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Replace the paper dollar with coin article
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