Interesting Dollar Coin Read

[Randy]

Here's an interesting article about the Dollar coin, how they want to replace the Dollar bill.

http://www.nbcnews.com/business/lawmakers-again-propose-replacing-1-bills-coins-6C10713866

 

[Earl Weiss]

>>Americans love their greenbacks and have never warmed to dollar coins.

. Maybe we don't like their bulkiness in the pocket, or perhaps that vending machine won't accept them. The reasons may not always be clear, but we just don't like them.


... many people didn't like the idea of heavy coins filling up their purses or making holes in their pants pockets. Then there was the Susan B. Anthony dollar, which was introduced in 1979. It was often confused with the quarter, because it was roughly the same color, size, and design.

 

[Earl Weiss]

http://www.npr.org/blogs/money/2012...llar-bill-would-not-save-the-government-money

 

[I.B. Washincars]

I read something in one of those articles that I never gave any thought to. The price of a dollar bill is not just that bill, but retrieving, burning, and replacing that worn out bill, basically forever.

 

[bigleo48]

Up here in the great white north, we've had the dollar coin since 1987 and the two dollar coin since 1996 (much like the Euro). We have started changing all the bank note to polymer bills which should be completed later this year ($5 up to $100). We have also discontinued the penny and changed metal types in many coins recently.

I think inflation, cost savings and counterfeit are the main reasons for all of the changes. It hasn't been easy dealing with all the changes, but I would say worthwhile. I can't imagine not having the $1 or $2 coin and I'm warming up to polymer (they don't tear easily, keep their shape better and stack in half the space). Happy to see the penny gone too. Sorting and dispensing quarters must be a real pain. Tokens here have pretty much disappeared (I don't know of any carwashes here that are tokens only).

I think there are too many special interest groups who mess with progress...

 

[mjwalsh]

Up here in the great white north, we've had the dollar coin since 1987 and the two dollar coin since 1996 (much like the Euro). We have started changing all the bank note to polymer bills which should be completed later this year ($5 up to $100). We have also discontinued the penny and changed metal types in many coins recently.

I think inflation, cost savings and counterfeit are the main reasons for all of the changes. It hasn't been easy dealing with all the changes, but I would say worthwhile. I can't imagine not having the $1 or $2 coin and I'm warming up to polymer (they don't tear easily, keep their shape better and stack in half the space). Happy to see the penny gone too. Sorting and dispensing quarters must be a real pain. Tokens here have pretty much disappeared (I don't know of any carwashes here that are tokens only).

I think there are too many special interest groups who mess with progress...

Big Leo,

Sensible post & many American car wash operators & other industries ... especially self serve appreciate the observation that the changes have not be totally easy .... but overall positive.

Mike Walsh King Koin USA