The Vice President announces plan to stop $1 coin. CNN

[Diana]

http://http://whitehouse.blogs.cnn.com/2011/12/13/treasury-to-stop-producing-unneeded-dollar-coins/?iref=allsearch

 

[I.B. Washincars]

That link is a picture of a polar bear eating marshmallows in a snowstorm.

 

[Mr. Clean]

Perhaps they could give them away and save storage costs as well!

At least there's a ten year supply waiting in the wings. They have worked extxremely well for us the last ten years and I'd hate to have to change.

PS-Link worked for me.

 

[washnvac]

Good. It is a waste, and most folks do not want them or want to use them.

 

[Whale of a Wash]

Seriously-- $50 million in our crazy trillion dollar budgets --it's like a drop of water they have saved.

 

[Earl Weiss]

Seriously-- $50 million in our crazy trillion dollar budgets --it's like a drop of water they have saved.

Well, $50 million here, $50 million there, pretty soon you are talking real money

 

[Indiana Wash]

I think paper singles are a silly waste of money by our government. Having said that, I would hate to ever have to change at my car wash.

 

[mjwalsh]

A mandate that needs to be challenged & exposed for what it really is!

http://http://whitehouse.blogs.cnn.com/2011/12/13/treasury-to-stop-producing-unneeded-dollar-coins/?iref=allsearch

Diana, & other more thoughtful citizens,

This move hopefully will be very temporary until better leadership occurs. I checked out Rep. David Schweikert & his co sponsors of a much better solution & they clearly are to be trusted more than these other shortsighted solutions.

If we followed the reasoning within the more reputable & clearly better presented Tarrance & Hart Survey 2 to 1 minority for replacing the dollar bill with the dollar coin after they were properly informed --- we would have had a paper note(inflation factor) to coexist with a quarter before right around 1980 --- 31 years ago --- & still continuing down that path --- discarding whatever how thorough a study made showing that clearly the maintenance of the paper note - 1st fiddle situation --- was by far was the greater waste of taxpayer's money.

Yes --- people probably would have foolishly followed that kind of leadership ---especially if the paper note would have had a head start --- therefore making it more dominate regardless of the more costly consequence. A bit like the slave owners domination until it was finally corrected back in the day.

continued on next post

mike walsh king koin of bismarck

 

[mjwalsh]

Some studies are to be trusted more than others

continued from previous post

Did the administration's very unthoughtful mandate go so far as to say that the non biased independent GAO study was not accurate? If so, they really should be more specific.

I personally have studied all of the surveys & arguments against the dollar coin replacing the one dollar coin --- & I keep seeing all of their arguments clearly disproven by the positive Canadian experience on this specific issue. None of those arguments or studies have the credibility of the nonpartison, non biased GAO study.

http://dollarcoinalliance.org/

Clearly if anyone is truly serious about helping the deficit the most --- it is not by this so called elimination into circulation of the Presidential coins --- are the banks going to use this "improper mandate" to not see any need to provide any dollar coins besides for a few "novelty" "collectors" of them as the press release inferred??? How they & some on this forum can be so out of touch of with what could truly help both the deficit & our economy if done properly by learning from the positive experience within Canada on this issue is beyond me.

To assist in making credit cards, tokens, rfid, cellphone-paypal & too small of denomination coins to be the only payment options for us operators --- I really believe that --- it is really foolish to go down that road. It most certainly is not worth risking that by trying to save the proven beyond a shadow of a doubt proven more costly in the long term one dollar bills.

The fact that when bank tellers & others have to handle large quantities of these one dollar paper bills --- they & we are exposed to something much less clean --- is certainly something to also seriously at least consider. It is a proven fact the dollar coins are cleaner & are able to be cleaned much better. Many contaminates such as fecal matter & other unsavory yucky matter tends to get embedded in the bills & not seen with the naked eye --- much more so than with large quantities of dollar coins!

mike walsh king koin of bismarck

 

[Earl Weiss]

continued from previous post

>>Did the administration's very unthoughtful mandate go so far as to say that the non biased independent GAO study was not accurate? If so, they really should be more specific. <<

>The fact that when bank tellers & others have to handle large quantities of these one dollar paper bills --- they & we are exposed to something much less clean --- is certainly something to also seriously at least consider.<<

>> It is a proven fact the dollar coins are cleaner & are able to be cleaned much better. <<

mike walsh king koin of bismarck

I think the following sums it up:
"But more than 40 percent of the $1 coins that the United States Mint has issued have been returned to the Federal Reserve, because nobody wants to use them."
It's refreshing that the govt. is not jamming something down the public's throat that they don't want or try to convince them they do want it.

I don't see any comment in the article about the GAO study. So, I am not sure why your credibility argument has any relevance vis a vis this article.

With regard to cleanliness, please provide any links to studies supporting your claim. This is the first I have heard of it. I would also like links to any articles about the government cleaning coins on any scale be it large or small in order to protect our health.

 

[mjwalsh]

Quality of evidence is better than quantity of bad evidence

With regard to cleanliness, please provide any links to studies supporting your claim. This is the first I have heard of it. QUOTE]

Earl & others,

The fact that the bills are non porous & the coins are not --- makes it obvious enough to understand the advantage in that department for the coins. Canada made the better choice & time has clearly shown that they made the better choice when it came to which form of the one dollar to have available to the public.

http://www.ehow.com/about_4679612_long-do-bacteria-live-surfaces.html

http://www.kaivac.com/a_70-Dirty_Money..._Bringing_Back_andldquo;Plasticandrdquo;_for_Health

http://firefinance.blogspot.com/2008/10/torn-dollar-bills-reimbursement.html

# 11 on the following --- http://discovermagazine.com/2009/apr/20-things-you-didn.t-know-about-money

http://www.agonys.com/facts/bacteria.shtml

Below is something to consider --- The first paper notes were printed in denominations of 3, 5, 15, 25, & 50 cent denominations. Good thing those leaders then had enough sense to adjust for inflation! It is our turn to use similar good judgement & like every industrialized nation in the world has.

http://books.google.com/books?id=eM...AEwCA#v=onepage&q=50 cent paper money&f=false

The fact is the 50 million savings you & the article refers to is misleading the media & our citizens & is a distortion of the facts: The fact is it will cost the taxpayers $283 million low estimate per year --- The Dollar Coin Alliance bases their information on facts --- directly from actual solid information contrary to the people who have this strange emotional attachment to the one dollar bill. None of the dollar bill proponents' insecurities & misleading statements have proven true in both the large metropolitan areas in Canada or in Canada's rural areas.

mike walsh king koin of bismarck

 

[Earl Weiss]

With regard to cleanliness, please provide any links to studies supporting your claim. This is the first I have heard of it. QUOTE]

Earl & others,

The fact that the bills are non porous & the coins are not --- makes it obvious enough to understand the advantage in that department for the coins. http://www.kaivac.com/a_70-Dirty_Money..._Bringing_Back_andldquo;Plasticandrdquo;_for_Health

mike walsh king koin of bismarck

1. Are you trying to argue against yourself? From the link you supplied:

"'Unlike germs and bacteria on surfaces, most germs die fairly quickly on dollar bills,' says Matt Morrison, Marketing Manager for Kaivac, Inc., developers of the No-Touch Cleaning® system. '

2. Your logic may be sound but it doesn't hold up. Your logic seems to be becuase it may have more germs, than it must have more germs.
Often studies find the kitchen sink is germier than a toilet seat. Logic would seem to indicate toilet seats would be some of the germiest things out there. Far from it. http://www.theatlanticwire.com/nati...hing-more-germs-toilet-seat-everything/37146/

 

[mjwalsh]

Just the facts --- ma'am!

1. Are you trying to argue against yourself? From the link you supplied:
[/url]

Earl & others,

Hopefully, enough people value congruency --- it is certainly something that I actually do hold near & dear!

Hopefully, others reading our little exchange will notice that you chose to leave out the part when Matt specifically added: 'However, if moisture is present [on the bills], the germs can live a couple of weeks, potentially causing cross contamination.' --- that part of his same paragraph was conveniently left out by you. I have to be honest --- most of my bills have moisture present if they have been in the car wash environment & from sweat within the billfold during warmer weather etc.

Again, the level of yucky sh*tty contaminants is clearly not as prevalent for the less porous coins as shown in the other links that I provided & as was clearly shown in many others that I could have provided more links to.

Just another reason to focus in on adjusting for inflation like our previous leaders did as shown in the link of my previous post relating to the discontinued lower denomination no longer practical paper notes over the course of our United States longer term history.

It comes down to quality of information & hopefully enough good people see through the distortions of truth that the opposition is making by pretending that the paper one dollar bill is a better choice than the dollar coin. Again, none of the arguments put forth by the misleaders on this specific issue has held true with our friend & neighbor Canada.

People have a right to be informed properly when they make decisions about any issue ---- & yes 5.6 billion here & 5.6 billion there does add up!

mike walsh king koin of bismarck

 

[Earl Weiss]

Earl & others,

Hopefully, others reading our little exchange will notice that you chose to leave out the part when Matt specifically added: 'However, if moisture is present [on the bills], the germs can live a couple of weeks, potentially causing cross contamination.' --- mike walsh king koin of bismarck

Because it's the same faulty logic. Because it "Can" does not mean it does.
Are bills dirty/ Yep. Other studies show lots of stuff is just as dirty or worse.
Further, only eliminating the $1.00 bill to be cleaner so we only touch dirty larger denominations won't help much.


FWIW, I'm not putting coins or bills in my mouth.

Some of these new electronic payment methods may make the whole society use less bills and coins at a very rapid pace making the whole debate virtualy moot anyway.

 

[mjc3333]

I think this debate will go on forever until one or the other ( coins or bills ) are not produced. Everybody has a side.

Currently the "dollar" is the only denomination that has this issue. All other US coins and bills stand by themselves. IF the day comes that only one "dollar" exists, the debate will fall by the wayside.

p.s. ALL money is filthy