Talk of getting rid of the paper dollar in lieu of the dollar coin

I do not think the dollar coin will ever replace the dollar bill. For a dollar coin to become popular in the U.S., it needs to serve a role such as for subways, buses, parking meters, toll booths, vending machines, etc. Think of how the dime was once used for public telephones and the quarter for laundromats. TC

 

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:kewl:I invented tong side with a mini pocket just for them!!!
it will hold 35 each side!
:devil:

 

We're getting there. Today most vending machines want over a dollar for a soda, a newspaper is over a dollar, a cup of coffee is one or two dollars, candy and snacks from a vending machine are 75 cents to a dollar, tolls for highway are often a dollar or more. Things that I remember buying as a kid in the 1970's and 1980's with change, now cost a dollar or more. As this trend continues, there will be fewer things that one can buy for pocket change.

Most likely though, the future will be a cashless society. We'll be using our debit cards for everything.

 

That same "talk" has been going on since 1979. Another 20 years or so and they might even make a decision. And that decision will be to wait until after the next election and then reconsider the matter.

They will get a raise and be tipped with twos. Believe me, if they stop making ones the production of twos will greatly increase and they WILL come into common use.

 

Eventually we WILL have a dollar coin.... only it will be the size of a dime.

 

LOL...you're my hero for the day with this one....

 

My wife uses a charge card to pay for everything. And many of her charges are less than a dollar.

I still prefer cash so I can check my change.

 

My prediction is that the US will follow suit with other Countries and produce polymer based notes that have a much longer survival rate.
When? who knows..but there has been success in this from many countries. With electronic media and futuristic digital technology, money as we know it may not be extant in the next 25 to 50 years.
It would be interesting to have that ultimate crystal ball, that's for sure!

RickieB

 

Yes, but not in singles.

 

I can understand having $300 in your pocket but I'll bet that $300 this its not in singles. More than likely its twenties to start or perhaps hundreds and fifties but not all singles. Singles come after transactions and are usually the first to go when paying.

 

Get rid of the paper dollar. Use the $1 coins and put the $2 bill in the till where the ones used to go. Get rid of the halves as they don't circulate anyway and put the dollar coin in that location. No need to change the tills, just maximize what is already there.

 

The paper industry? That's a fairly naive statement as paper for US Currency has been supplied by one company since 1879. Crane & Company out of Dalton Massachussetts. Some say Senator Kennedy had a lot to do with keeping paper money around but I simply do not buy that.

The biggest challenge facing the country with regards to eliminating the one dollar bill is "how" others (citizens, countries) view the act. Folks simply do not like things to change and multiple generations of families have used the dollar bill as the basic unit of exchange in this country. Elimitating that will spark a firestorm of "conspiracy theories" which the politic contingent may not be too eager to jump into.

Sure, it would make economic sense to make this change but the change itself would spark other "required" changes in how people handle daily financial transactions.

Change is Good! (Until you HAVE to CHANGE!)

 

This makes alot of sence. And besides, people say they don't want to carry the extra weight around will be more than happy to spend them...

 

Yes more old technology that we probably will be one of the last countries of the world to embrace. The Polymer notes have been around for 22 years now and are used in something like 60 countries around the world. I would be surprised to see us introduce one within the next twenty years.

 

This is insane!! Most kids pants hang down to their knees already and you would put heavy coins in there pockets? The strippers could wear those cool colored water boots for us to drop coins into I quess. So I quess i'm still undecided sigh....

 

i agree with some of the posters ... i rarely use cash ... i buy everything with debit cards or credit cards that i pay off each month

i only need change for parking meters and such

 

Maybe it will get them to pull them up and put on a belt rather than having them constantly falling off.

 

Maybe their plumbers in training...