What is Digg?293 Comments
- Raz4Life, on 10/12/2007, -3/+143Is it just me, or does George look pissed?
- dpcdomino, on 10/12/2007, -26/+156I hope the dollar coin does not go into circulation for several reasons:
1) I am a dude. I do not carry a purse. I rather not have coins in my pockets
2) Losing a quarter in the couch is one thing. Losing a few dollars will piss me off.
3) Strippers (at least the un-skanky kind) do not take coins.
4) Parking meters will start charging more now that they can hold more.
5) I do not want to have to wait for the chick in front of me at the grocery store to dig through her purse to locate said dollars.
6) My car's coin slots only go to quarter size.
7) It's ♫♪Dolla dolla bill ya'll♫♪ .... ♫♪not dolla dolla coin♫♪
8) I need something to beef up my wad or cash. Fives are to rich to be fillers.
9) As soon as the Jackson dollar coin comes out, you know there will be some smart ass juxtaposing the $50 and the $1.
10) I do not want the penny around anymore...what makes you think I want a dollar coin? - JudgeDredd, on 10/12/2007, -5/+113@thicke
Not to nitpick, but his teeth were made from ivory. The wooden teeth thing is a myth. - thicke, on 10/12/2007, -15/+91He had wooden teeth.....Wouldn't you be pissed?????
- LucerinRed, on 10/12/2007, -4/+64the effective method in getting dollar coins to stop working is...to stop making the paper dollars, yeah, that sounds about right, if you come out with a only slightly better replacement, you need to remove its predecesor from the market so that people are forced to upgrade. It's simple business.
The only people that coin dollars hurt are the strippers. It's kinda hard to tip a stripper with a dollar coin. I know when I went to canada we got kicked out for throwing loonies and toonies and them. - inactive, on 10/12/2007, -12/+69"Not looking forward to the GWB coin."
In the article, it says that the coins will not be issued for presidents that are still alive, only posthumously... So maybe you DO want to look forward to the GWB coin... - kyledavis, on 10/12/2007, -3/+52"They could work with the soda manufacturers to set the price of a vending machine pop to $1. Currently it seems like vending machine drinks range anywhere in price from 50 cents to $1.50...why not split the difference and make them all $1?"
Ahahahahaha!!! Oh, man. This one, totally idiotic comment made me realize that the author is just an idiot and I could just stop reading at that point. You'd have to be a complete tool not to see the flaw in this logic. - cantankerous, on 10/12/2007, -3/+46Sacagawea is hotter.
- neave, on 10/12/2007, -2/+43This whole conversation just shows how much Americans are afraid of change.
Get it?
Well I thought it was funny. - Timmmm, on 10/12/2007, -8/+49"They will, here in the United Kingdom we have pound coins."
Hell, we have *two pound* coins. That's almost $4.
American money is just badly designed. You practically have to read it to know what it is. It must cost the treasury a fortune to keep making all those dollar bills. - iamnos, on 10/12/2007, -0/+40@anonymoustroll
Actually, I believe coins are cheaper to produce in the long run. They last much longer than paper money. - LogicBomB, on 10/12/2007, -4/+41"They could work with the soda manufacturers to set the price of a vending machine pop to $1. Currently it seems like vending machine drinks range anywhere in price from 50 cents to $1.50...why not split the difference and make them all $1?"
Why not just look at Canada before posting stupid comments like this? In Canada, we have vending machines that range from $0.50 to $2. Having the dollar coin doesn't mean people are going to change their economic model. It just means they start taking dollars.
Honestly, the US just needs to KILL the dollar bill and start phasing in the dollar coin as a previous person mentioned. All the coins should be different sizes (like in canada). People will accept them if they have no choice. People do not like change - they will say "***** it" to the coins if they can still get and use paper. - drewpost, on 10/12/2007, -1/+37Just think about vending machines... no more rejecting your dollar bill BC you have a crease in it.... I moved to the UK 8 months ago and I have to say I LOVE £ coins. It makes things a lot easier
- Coffeedemon, on 10/12/2007, -1/+35"2) Losing a quarter in the couch is one thing. Losing a few dollars will piss me off"
yes ... but finding 10 bucks in change after a party will be the highlight of the weekend.
We had a backlash against both of our coins here in Canada but its gone away since. If they are distinguishable enough from existing denominations (make them heavier than quarters) and the paper bills are out of circulation they'll catch on and in 6-12 months you'll all be wondering what all the fuss was about.
(maybe you can get someone to put one under the faceoff circle at the next olympic hockey match to see if it works for you guys) :) - mercurysquad, on 10/12/2007, -3/+36I'm confused, you don't have $1 coins in the US? In the EU we have coins of €1, €2 etc. What exactly is the reason that $1 coins have not or will not be(en) popular?? Infact the 1¢ and 2¢ coins are a hassle and basically useless.
- curios, on 10/12/2007, -6/+38They will, here in the United Kingdom we have pound coins.
- inactive, on 10/12/2007, -3/+32> i dont think dollar coins will ever catch on.
oh, the dollar coin will catch on... once hyperinflation kicks in.
...they just need to make it the size of dime. - Gawtie, on 10/12/2007, -2/+30@dpcdomino
Being Canadian I can say that you pretty much got all those exactly right except for one, #3. In Canada all strippers (even the unskanky ones) will take loonies and twoonies. All you do is hold the coin with your teeth or lips and they take it out... and not with their hands. So there is atleast 1 benifit to the coins. - inactive, on 10/12/2007, -5/+32It wont work because the coins are still too similar to quarters. If anyone here has ever seen or handled australian coinage, then you'd see how different denomination coins SHOULD be designed. Theyre all different sizes and widths, making it easy to feel around in your pocket for the right coin.
- SirDiggalot, on 10/12/2007, -0/+24@capncash
Different coloured notes. You could hold up any Canadian bill from 50 yards and I'd know what denomination it is. - qwickone, on 10/12/2007, -3/+26Coins ARE cheaper than paper, that's why the governement keeps trying to introduce the $1 coin. And if they really wanted to do it, all they would have to do is take the $1 bills out of circulation. Most buisnesses go to the bank every night. Banks just stop giving out $1 bills and give out the coins. People won't have a choice but to use the coins if that's their only option. It wouldnt happen overnight or anything, but it would definitely actually happen.
That being said - more coins are annoying. I'm a girl with a change purse and I still hate it. - Fission, on 10/12/2007, -2/+24Pocahontas dollar? It's the Sacagawea dollar. They'd never put a skank like Pocahontas on US mint.
- Attrition, on 10/12/2007, -3/+21I prefer dollar coins to paper just because I keep paper in my wallet and coins in my pocket. Any small purchases (we have $1 and $2 coins in Canada) I just reach into my pocket, no need to pull out my wallet for a lousy $1.50.
Economically it may be better/worse than paper, but I do enjoy the convenience though. - dyvbond, on 10/12/2007, -0/+17No, you just put the bill in the machine...except half the time it doesn't work and spits it back out so you have to un-wrinkle out the bill.
un-wrinkle out...=/ - haiduz, on 10/12/2007, -1/+16"They could work with the soda manufacturers to set the price of a vending machine pop to $1. Currently it seems like vending machine drinks range anywhere in price from 50 cents to $1.50...why not split the difference and make them all $1? Imagine how simple it would be if you didn't need to fumble around in your pocket for change to buy a pop in the machine, or better still, if you didn't have to keep feeding those awful dollar-bill readers that just won't accept your crumpled paper money. "
That was a very stupid point. The government is not going to negotiate with soda manufactures to raise or lower prices so a new coin standard is accepted. - clclark33, on 10/12/2007, -1/+16@anonymoustroll
Paper may be cheaper, but how many bank notes do you see floating in circulation that are from the 60's or 70's? Not many bills make it more than a couple of years. Most of the coins in my pocket at any given time are at least 10 years old. (Plus, though I'm not sure, but I'd think coins are a bit tougher for people to counterfeit.) - UglieJosh, on 10/12/2007, -9/+24To hell with dollar coins. Have any of you ever tried to spend one? Shop owners look at you like you are on crack! I once tried to buy a pack of smokes with a two dollar bill and a couple dollar coins... It took the guy at the register like 20 minutes to figure out he wasn't on freaking candid camera or something.
- Falc, on 10/12/2007, -3/+17after looking at the us mint's official page: i didnt know thomas jefferson had a wicked unibrow...
http://www.usmint.gov/mint_programs/$1coin/index.cfm?action=Jefferson - berwiki, on 10/12/2007, -8/+21"Currently it seems like vending machine drinks range anywhere in price from 50 cents to $1.50...why not split the difference and make them all $1?"
Those are clearly different sizes. Nobody is going to pay 1.50 for a can of soda unless you are about to die. Stupid. - banditski, on 10/12/2007, -0/+13At the end of the day, I throw all my change into a container. Having Loonies and Toonies ($1 and $2 Canadian coins) makes it so it adds up in a hell of a hurry. I easily have over $300 in less than a year. It's a pretty easy way to save. You don't really notice a buck or two a day.
- trieste, on 10/12/2007, -1/+14Watch out! They're keeping notes!
- jspegele, on 10/12/2007, -5/+17dumb ideas in the article . . . the reason some SODA machines are $.50 and some are $1.50 is that some carry ***** brands and some carry Coca-Cola, Pepsi, etc. Does anyone really believe Coca Cola and Pepsi are going to lower their prices so that the new dollar coins will be a success? Will state/city tolls, parking garages, etc begin rounding their prices to the nearest dollar to help the new coin survive. Not a chance because no one really cares much.
and where are you from berwiki? $1.50 for a can of soda isn't that outrageous. - GawtMilk, on 10/12/2007, -12/+24I pity the foo who messes with dollar coins!
- GawtMilk, on 10/12/2007, -1/+13"becoming so digitized."
I kind of agree with you, in Hong Kong we have something called an octopus card -- its like a debit card, and it is accepted by buses, trains, 7-11s, some grocery stores, parking meters, the occasional taxi, McDonalds... Google it, it is definately a very handy thing to have. That being said, the total cost of installing machines and everything would be too expensive for every Mom & Pop store in America. I don't mind using coins at all, although a dollar bill > a dollar coin, in my opinion. - parislemon, on 10/12/2007, -4/+16he definitely does. look at the other ones too!
- jamesgott, on 10/12/2007, -1/+13Quoting of the article: "All you would need to do is insert your dollar coin and out comes the drink."
thanks for that wonderful insight in the mysterious world of vending machines. - mercurysquad, on 10/12/2007, -1/+12I see... there are no 1 or 2 euro banknotes though, so that's why the coins *have* to be used. But what do I know about economics ...
- inactive, on 10/12/2007, -2/+13Want dollar coins to work?
Simple.
Get rid of paper dollars.
Thank you for playing. - glasgowm, on 10/12/2007, -3/+14Bad idea.
I lived in the US for about 5 years, and you would never have more than $5 in change in your pocket. Now that I'm back in the UK I often come home from a night out with up to £20 ($40) in pound coins ($2) and 50p's ($1). - nightengale379, on 10/12/2007, -1/+12There are two sides to this coin's success. One is the coin itself and the other is the 2 dollar bill. A dollar does not buy much in today's market. If people start using the 2 dollar bill they will not have to carry a lot of coins around. This would lead to less bulk in your wallet and also address the stripper comments listed above. Lately strippers have been promoting the 2 dollar bill because it increases their income. They are even making change with stacks of 2 dollar bills at the door! They still make 2 dollar bills and are easy to get at the bank.
- EtherGnat, on 10/12/2007, -0/+10"paper is cheaper..."
A dollar bill costs 4.2 cents to make and lasts an average of 20 months. A dollar coin costs 12 cents to make but lasts 30 years. For every dollar coin that replaces a dollar bill we save 63.6 cents. There are about 8 *BILLION* dollar bills in circulation which cost us $170,000,000 a year over what coins would cost. Coins are cheaper. - joaob, on 10/12/2007, -11/+21After the 3rd mention of "Pop" instead of Soda....I had to stop reading the article.
- hoojoo, on 10/12/2007, -0/+10@capncash
No, as opposed to identifying the colour or the size. In Australia, notes worth more are larger. That also makes it harder to counterfeit money.
Coins make so much sense as they're more durable, thus your mint doesn't have to waste as much resources replacing currency that gets destroyed through regular use. - josegutz, on 10/12/2007, -0/+10I have a suspicion that they are trying to shut down the erotic dancer industry...
- inactive, on 10/12/2007, -2/+11Here in the UK we have £2 coins. I even have a £5 coin from the 2000 millenium (they press special coins on special occasions), but that £5 wont be accepted at many stores, if any. I couldn't bare having the equivalent of 50p notes. They'd be all worn out and torn, far worse than the average £5 note here in the UK.
- wssharp, on 10/12/2007, -0/+9only 9 more years until the nixon coin!
- PleaseJustDie, on 10/12/2007, -1/+10Madison looks like the predator on his coin...
- profOblivion, on 10/12/2007, -1/+10The best is when you're stuck at a vending machine with a $20, and you gotta use the change machine... Spits out loonies only, and sounds like a slot machine cashing out. Then you can shout "I won! I WON!!!" and attract some cool reactions.
- klparrot, on 10/12/2007, -0/+9@capncash
Virtually every other country in the world also uses color and/or size to differentiate denominations of paper money. When Timmmm said "read it" he just meant that compared to other currencies, American paper money requires closer examination to differentiate between denominations. You do have to read the text that indicates the denomination. Up here in Canada, if I want to pull a 5 out of my wallet, I just take a blue bill. It's a lot quicker to pick out. - lewscroo, on 10/12/2007, -2/+11I think Jefferson is gonna be pissed that it says 'in god we trust' on the coin.
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