Remember the Susan B Anthony and Sacajawea coins? Well the dumb *&)s did it again. I just got some of the new dollar coins and again they are almost identical in size to a quarter. Close enough that you have to look to be sure. Seems to me the idiots were puzzled when people didn't use the old dollar coins. They didn't listen apparently when told that the major objection was the size, too close to a quarter.
Ah well, never underestimate the stupidity of beuracracy!
Harry K
Is it a problem for you that a one dollar bill is the same size as a fifty?
I don't use them for that reason. However, when travelling to Canada I never have a problem with their Loonies so I think it's probably psychological. I think if they take away our paper $1 we would adapt fairly fast. Bob
"Harry K" wrote in news:1171855415.659773.41620 @v33g2000cwv.googlegroups.com:
Vending machine and coin-counter companies spent gobs of money making their machines accept the size and weight of a dollar coin. I don't expect the government to change those lightly.
The real problem is that the "dumb *&)s" won't quit printing the dollar bills -- or pennies.
I used to work for Brink's armored car. Every time a new bill design comes out, they have a fire drill getting the bill counters updated with the new specs. It's non-trivial.
I thought they were gold colored this time around.
Cheri
So were the Sacajaweas.
The fubar was back when they did the Anthonys, picking that size. They shoulda used the old silver dollar size, or something a little bigger than a
50 cent piece, which has basically vanished from circulation anyway. I thinking the vending machine companies basically dictated the size- anything bigger than the size they picked would have made machine retrofits impossible, IIRC. They would have had to start from scratch.aem sends...
The Euro smallest paper denomination is the 5E. 2 and under are coins, each different diameter and 10¢ and under are red copper, while the others are gold colored. . It is not really a problem once you get used to it.
The problem is there is no need for a dollar coin since we already have a dollar bill. The idea was obviously conceived by the US Department of Redundancy Department...
AL
Different colour.
Ideally coins will save quite a bit of money over paper; although more expensive to make, they last much longer. So they keep trying it, hoping that one time they might get lucky. My son defines insanity as doing the same thing over and over again, expecting different results. Need I say more.
Why the hell don't they get rid of pennies and maybe nickles if they want to save money?
But the dollar coin will greatly outlast the paper bill saving money.
Don't know why? In Canada we have one and also two dollar coins. They are entirely different in size and weight etc. to quarters. We have used the one dollar for quite a number of years; in parking meters, coin telephones and vending machines etc. Some parking gates for example take the two dollar coin. Apparently coins last much longer than paper or plastic notes/bills. Withdrawing damaged 'paper money' and replacing must be quite costly, especially for small denominations such as one dollar. The one dollar coin with a picture of a loon (northern bird) got nicknamed "The loony". Unfortunately, IMO, when the two dollar was introduced an opportunity to call it a "Doubloony" or "Doubloon" was missed. It now has the unedifying nomenclature of "Twoonie" or "Toony"!
Stupid like a fox! (or something like that) The Mint has become a profit center by issuing coins that are 'different' than the traditional penny, nickel, dime, and quarter, thereby creating a whole new generation of numismatists (I think that's another word for 'coin collectors'). Witness the state quarters, the new nickels, and the dollars (3x). People are 'buying' these coins and stashing them away, meaning that the mint can produce them in quantities far exceeding what they would have produced normally, and pocket the profit. In the past, anytime the Mint needed a quick budgetary fix, they simply cranked out a few million $2 bills. Now they're doing it with coins. It's not unlike the Post Office printing 'collectible' stamps that will never be used for postage - it's pure profit.
Now, what were you saying about a the stupidity of beuracracy (sic)?
Are these the new presidential series coins? You are not supposed to spend them but collect them. Thus the government will make maybe 10 billion dollars. My wife said, after sucking us in on the state quarter, she's not collecting these ;)
Frank
AL wrote: ...
Better yet, let's dump pennies and the dollar bill. Do you know that when we made a good decision to dump the half penny it was worth about 20¢ in today's money? Let's lighten our pockets and get rid of the nickel and quarter also and re-issue a smaller 50¢ piece and a $5.00 coin making the $10.00 our smallest bill and the dime the smallest coin. Then those $19.95 deals will become $19.90. (or $19.9) :-)
Don't dump them, make them the new dollar coin
Not so fast there!
The "Penny Dump" is LONG overdue. Because of the extra effort when making change it $.01 piece is a drag on the economy.
The law should require that transactions be "rounded up" to the nearest $.05 unless the seller decides on a different policy. That way, when you get change you don't get your cents.
If the US gets another round of inflation, the "next step" would be to get rid of the $.05 and $.10.
But bring in the $1.00 "token" (as it doesn't contain silver or gold) coin while we still have the $.01 piece a mistake.
Good thinking.
Yep!
"Cold Turkey" is the only way to go.
That's how England introduced the Thachers (the 1 pound coin): after a certain date the paper money was no long legal currency.
The English coin is a GREAT design: it's is about "quarter" sized but almost twice as thick. It's gold in color. The edge has find "curling" plus some extra lettering.
I don't know the situation today, but back in the 80s, the Bank of Scotland still printed 1 pound paper notes which WERE legal but the Bank of England 1 pound paper bills were not.
That's why there will always be an England and a Scotland and a Wales!
Lot's of machines still don't take the $1 coin. The government should come up with a THIRD size (we still have the old "silver dollar" size) that can't be confused with the $.25 well before dropping the $1 bill.
Unfortunately with our currency not being backed by gold or silver future inflation is all but certain. Any new $1 coin should provide for future expansion with $2 and $5 coins. Perhaps the "new" $1 coin should a little larger than the present $.10 piece but be slightly thicker and be gold in color. The $.05 piece has a smooth edge so that size can be "recycled" for a higher value coin.
Getting ride of the $.01 is a "no brainer."
But if you get ride of the $.05 but keep the $.10 and the $.25 you run into problems. Say, for example, something costs $.10 (a "legal" amount) and you pay with a $.25.
Like it or not, the $.05 and the $.10 will have to go or stay together. It will take another round of inflation before the $.10 is considered to be "junk."
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