Size of dollar coin must reduce in oder for public to accept it.

i think the size of a dollar coin must reduce from the present sac dollar size to that of a quarter size. and make that sac dollar size to a five dollar coin. and the size of a two dollars coin in between. by doing this, the dollar coin will be use like a hot dog. just that simple and will click. what is your opinion?.

 

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The problem is that users will complain that it will be confused with the quarter, if they are the same size.
But, you say, it'll be a different color! Yes, but they will still use the same complaint.
The only way to get it to be used is to discontinue the $1 bill.

 

Confusion between the quarter and the slightly larger SBA resulted in the color change for SACs. I'm a little confused how a 2mm (7%) reduction in size of the dollar coin to make it exactly match the quarter could make the public like it better.

Adding a $2 coin just 1mm larger than the quarter/$1 and another millimeter smaller than the $5 doesn't make any sense to me either. How often do people pull a coin from their pocket(or purse and spend it without really looking at it because they know from the size what denomination it is?

 

I think the dollar coin series is just a red herring. I think we are 10-15 years away from a totally cashless society. Everyone will use debit cards (not the visa/MC debits cards that everyone knows today but a "smartcard" that you can put money on through an ATM. ATMS won't dispense money it will just transfer funds to a smart card. Many transit authoirties already uses a similar system and it works great. It has already expanded to include many colleges and universities. It's only a matter of time before mainstream business catch on. Coins and cash money is really an archaic system but tradition and habit are slow to change.

 

I don't think we are anywhere close to a cashless society. Everyone will have to be issued a universal debit card, and every commerical activity on the planet will have to be able to accept it.

In the meantime, they could drop the cent, turn the cent into a nickel, keep the dime, make the nickel a quarter, and make the quarter a dollar.

But that won't happen either.

 

Could it possibly be that you are heading for a reform of the US coinage/notes? perhaps the scrapping of some of the values in circulation. Don't forget you can make a coin smaller and alter the shape added to this it is possible to introduce polymer based coin's and note's saving the cost of metal

De Orc

 

I think you need to be able to "feel" the denomination of the coin while it's still in your pocket. That could be a combination of edges, a pattern on the perimeter of the coin, thickness, shape, and probably some other characteristics I haven't thought of.

Dead horse department: No dollar coin (or higher) will succeed until the corresponding paper money denomination goes away.

 

remember the sight impared would have a harder time with the dollar coins if they were the same size as a quarter. It's my belief that they should be a little larger, maybe somewhat thinner perhaps but not smaller. just my 2 cent piece.

Tom

 

bulky coins

remember no body like to carry bulky ike dollar, anthony dollar, sac dollar, & kennendy half. because it is too heavy and bulky. i like the hong kong dollar, japanese 100 yen, south korea 100 won, euro and british 1 euro and i pound. philippines one peso and so forth. look at the quarters. we use and carry them all the time. even if you take out the dollar note. still people don't want to carry heavy and large dollar. except the crazy collectors including me.

 

Perhaps it would be a good idea to demonatarise all of the coins & notes in circulation (Yep folks will complain) but it would give you the oppertunity to re design and update the coinage, it is not that hard to design coins that those who are partialy sighted can distinguish, just look at the 20p & 50p we have in the UK.
I am not o supporter of demonatariseing of a currency I like variety LOL but it will happen I fear to you as it has to us over here on a couple of occasions.

De Orc :kewl:

 

Scrap the half dollar, make a $1 coin same diameter as the quarter but twice as thick. A two or five dollar coin could be even thicker, with an aluminum center to reduce weight.

 

I can't understand why people still use this excuse (bold) as a reason not to accept the dollar coin. I hear it all the time as the #1 reason. Come on people! I pretty much guarantee that there aren't too many people out there that can tell the difference in weight between a quarter and the dollar coin in their pocket. You never hear anyone complain about carrying quarters but just mention the word dollar coin and here comes all the complaints about those heavy coins.

 

I think the idea of the new Presidential coinage is great. With sufficient supplies and lack of hoarding, I feel that these coins can be popular and useful.

I just wish that some of our large retailers would sign on with the government and just use such coins in their change. The USPS already does it in their machines. I wish they would do it at the counter as well. It is not fiscally responsible.

Scrap the $1 Note first.....then redesign all of the US Coinage. We should pay no heed to the vending machine and casino world and force them to adapt. I am for any possiblity of composition, weight, edge (reeding/smooth)reeding, size, denomination and shape changes. The government should not be losing money making money.

For Fun, lets all Take a look at the bills in our wallet and the coins in our pockest and note the dates. It is a safe wager that there are not many bills over 5 years old in your pocket while you still probably have a small sampling of coins up to 30 years old in your pocket. To me that is a good case for dumping low denominational currency that has such a short life.

1990 P Quarter
1989 P Dime
1975 Nickel

2 2001 Dollars
3 2003 Dollars
1 1976 2 Dollar Bill (from the bank)
1 2001 Five
2 2003 Fives
1 2001 Twenty
2 2004 Twenties


If you haven't already, check out www.coinflation.com daily intrinsic coin values.

 

easier still, make it octagonal, then those who are viaually impaired will have no problem with it.

And those who are just impaired will have no more excuses, except for the dead weight that they claim will weigh them down.
Come on, there is no reason to have more than four dollar coins at any moment, if you get one more, swap it for a five dollar bill, better yet, why did you get that coin in change?
Did you forget and use a $5 bill, instead of those four $1 coins?
If that is your excuse, you will forget, then there is no hope for any arguement in favor of the coin.

 

IMO, the argument that dollar coins are too much heavier than paper $'s is pointless. The most $ coins you would ever get back out of necesity would be one. Edit: Duh :desk: , forget about those silly $2 bills.

Isn't the U.S. one of (or the only) the last western countries to not use $ coins?

 

Unfortunately, the USPS announced recently that it was discontinuing and phasing out its coin and bill operated stamp machines. Lack of service parts was given as one reason, but I'll wager that its Automated Postal Centers (which don't take cash at all) was one of the real factors.

Bottom line is that a major dispenser of dollar coins is going away over the next several years.

 

I recently purchased a train ticket at the automated machine for the Long Island Rail Road.
I received $16 in change, a mix of SBA'a & Sacagaweas.
That was ridiculous, four would have been okay, but #16?

 

yeah you can always count on the LIRR to get dollar coins

 

What we need to do is convince people to use the $2 bill also. If the $2 actually circulated, you would never get more than 1 dollar coin in change at a time.

 

sizes

the size of a dollar between a nickel and a quarter will be successful with the elimination of a dollar note.