What is Digg?340 Comments
- doiveo, on 11/14/2008, -2/+127It's ok... we've had coins for $1 and $2 a long time in Canada and our society hasn't collapsed yet. We heard all the same rants but they turned out empty and false.
- AmyVernon, on 11/14/2008, -6/+131I don't agree. Everywhere I've traveled abroad in recent years has had dollar coins and it's actually far easier. Haven't found it to be a problem at all. The main problem here: Vending machines won't take 'em (except at the post office), so that would have to change (http://instantrimshot.com) first.
- inactive, on 11/14/2008, -0/+63"...$700,000,000,000...that’s more than most of us make in a whole goddamn year..."
Yeah, but only slightly.... ;-) - jumanous, on 11/15/2008, -1/+59Agreed. Coins are far better than notes... I remember making a call on a pay phone when I got to LAX, and I dialed the wrong number... there were so many quarters pouring out it was like I was in Vegas.
In Australia we have $1 coin, $2 coin... if you ask me a $5 coin would be handy too. Plus we have dropped the 1c and 2c coins all together. In the US you feel like you have a billion dollars in your wallet and you only have 20 bucks. It's retarded. Not to mention all the notes having the same colour.
It seems Americans as a rule tend to complain about change just because it is different (excuse the pun). The metric system... come on guys.
Honestly though, I think it is all a moot point... after this economic crisis pans out to its conclusion, cash will be a thing of the past. Cashless society here we come. - mac888, on 11/14/2008, -29/+81$1 should be coin and I greatly prefer coins. Every civilized country uses coin for small denomination currency except the US. It's long overdue, just like universal health care and retirement. Insert Republitard boilerplate replies below...
- FishHammer, on 11/15/2008, -14/+60Did you really have to call us Republitards? Are you 14? I'm strongly conservative and I have no ***** problem with a $1 coin. Stop being a jackass just because you can.
- YouandWhoseArmy, on 11/15/2008, -1/+46Wow this blog is retarded. The government isnt boneheaded for wanting to make dollar coins, those are a great idea. The government is boneheaded for making every iteration of the dollar coin so similar is size to the quarter that you can't easily differentiate when pulling change out of your pocket.
- samoan27, on 11/14/2008, -16/+52We make $1 coins for one reason and one reason only: to get women's rights activists off our back.
- MCBROCK, on 11/15/2008, -3/+35Completely impractical. How would you put them in a stripper's g-string?
- BeShirtHappy, on 11/14/2008, -3/+30I would have to train myself not to throw it in a jar (which is what I do we all my lose change). I think coins are more of an aggravation for men then women. Men put coins in their pockets... women have purses.
- inactive, on 11/14/2008, -2/+26Dollar Coins, OK: I rarely use cash except for vending machines where most things cost close to a dollar or more anyway.
Pennies: Useless and worthless. Get rid of them. - wynja, on 11/14/2008, -9/+32I like one dollar coins. I'm sick and ***** tired of one dollar bills.
- jgregc, on 11/14/2008, -2/+24Actually, thanks to the falling dollar, the dollar coin would simply be quarters with a big $1 stamped in the middle... ;)
- darienphoenix, on 11/15/2008, -0/+21Better than just introducing coins, the US should introduce plastic currency like Australia. Our notes are indestructible and colour coded, yours are easy to ruin and pretty much indistinguishable from one another unless you use them frequently or take a good look.
Oh, and get rid of the F'n imperial system. Seriously, there's two countries in the world which still hang onto the imperial measurement system - the US and a third world country in Africa no one ever remembers the name of.
The imperial system is a pain in the arse, mainly because the US is the only country which uses it. Learn how to fly a plane, and you have to do everything in imperial because it's the defacto standard because of the US. Bloody irritating. - BoneStamp, on 11/14/2008, -1/+21Having done it many times: when you give a tip to a doorman (or whoever) in change, no matter how much you give, you still feel like a cheap bastard.
- gr00vy, on 11/15/2008, -1/+21The fit in the slot.
- brandita, on 11/15/2008, -1/+20Dollar coins would save the government millions if we all used them. I'm all for them.
- BoneStamp, on 11/14/2008, -1/+20So, the cashier needs to look up the value of gold everytime you want to use the coin?
- Paulorific, on 11/15/2008, -1/+20How many dollar bills does this guy carry around? Generally, most people have less than ten 1 dollar bills in their wallet/purse/pocket, so I don't know what the problem is. Canada has 1 and 2 dollar coins and it works just fine. It's not like it's replacing the 5, 10, 20 dollar bills.
- rectagon, on 11/15/2008, -0/+17Hey America. Get with it. Coins rock and roll. Long live the Loonie!!!
- eleven, on 11/15/2008, -3/+19CASH IS DEAD. Seriously. In Canada we use bank cards far more than we use cash. No change, no wad of bills and no service fees for using them. Sucks for Hobos though - no one has change.
- swgc5, on 11/15/2008, -0/+16Yes, all of our money falls out of our pockets because we use coins.
- kinseyincanada, on 11/15/2008, -1/+16yea stupid government trying to save a billion ***** dollars, how dumb are they! amirite guys!?
- sgiffy, on 11/14/2008, -2/+16I don't mind dollar coins. I just mind the blank stares I get when I try to use them. No they are not quarters, yes they are legal tender, please just take them.
- grey580, on 11/15/2008, -2/+16A dollar coin can be in circulation for up to 30 years.
Dollar bills need to be replaced every 18 months on average.
The savings alone is somewhere around 318 million dollars.
$1, $5 and $10 dollar bills should be replaced. We'd save some money in the long run. - inactive, on 11/15/2008, -2/+16You had a valid point till you got stupid at the end. The election is over dude. We can stop polarizing ourselves. I'm sure there are Democrapheads who are opposed to taxing corporations and Republicrackers who are for universal health care (it works better if the insult you append to the root word starts with the last letter you use in the root. What the hell are they teaching in our schools these days?). You shouldn't hate people who are different than you. It is a very dangerous thing to do (see: U.S. race relations, ethnic cleansing in [insert African country here], Nazi Germany, etc.). Accept that we're not all the same and must co-exist. Isn't THAT what being a social liberal is all about? If not, you can stop pretending to care about equality for gays and minorities.
BTW, I'm liberal myself. I just don't like hypocrisy. - inactive, on 11/15/2008, -2/+15Oh, they'll bitch when we start chucking metal coins at the strippers too. There's just no pleasing the freakin' feminazis.
- Jforsyth89, on 11/15/2008, -0/+13I've actually been using dollar coins for the past couple days. In Boston, the machines at the subway that print out tickets give change back in dollar coins. Like an idiot, I bought a $2 ticket with a $20 bill and it gave me back 18 golden dollars.
- darienphoenix, on 11/15/2008, -1/+13Americans hate change. They still use the ***** imperial measurement system for ***** sake. Doing any sort of Science or Engineering degree over there must be a pain in the arse.
You've elected Obama, now get a civilized set of bank notes/coins and ditch the Imperial measurement system. - SadMartigan, on 11/25/2008, -0/+11Here in Europe the smallest bill I can find is a five.
1 and 2 Euros are coins.
It makes for a heavy and noisy walk back from the corner market, but it kind of makes sense to me.
I wonder, though, if it really makes counterfeiting harder?
It also makes sense to have different sized and colored bills to me. Maybe these crazy socialists are rubbing off on me. =^) - shadeOfGrey, on 11/14/2008, -0/+11And it's a pain for retailers since they can't cycle them back to customers since they don't want them either.
- Paulorific, on 11/15/2008, -0/+11They actually use metric in higher studies.
- Stroggoth, on 11/15/2008, -0/+11The dollar is becoming worth less and less; that is why in Canada they introduced not just the $1 coin, but a $2 coin. Aside from the weight, they are superior to the one dollar bills that clutter the wallet.
- sgiffy, on 11/14/2008, -2/+13Its worth what you can exchange it for. No different form gold, or wheat, or anything else. The difference is with our current currency we can control the supply enabling us to have a monetary policy.
- inactive, on 11/14/2008, -6/+17MIA - Paper Coins.mp3
- tattertech, on 11/15/2008, -0/+11Dude. Not having physical pennies doesn't change the total amount of money you have.
- chicagojack, on 11/14/2008, -9/+20It would be an impressive list of top boneheaded ideas from our gov
- Cancerkitty, on 11/14/2008, -0/+10It would be a list without end.
- turtlegroove, on 11/14/2008, -10/+20Its true that other countries use far more coins than we do here in the US, however, it would really suck to sit on the subway and have $3 fall out of your pocket instead of cents..Though this would make homeless people much happier!
- bloodborne, on 11/15/2008, -1/+11In Japan (where I currently live) the coin currency goes all the way up to 500 yen, or about $5. At first you think it's a pain, but you just get used to digging out your coins instead of reaching for your wallet. I rarely ever have more than a few coins in my pocket at a time. It actually makes a lot of sense in terms of making the currency supply last longer and the amount of environmental impact the currency makes.
- tattertech, on 11/15/2008, -0/+10Gold is based on speculative value. So is paper money. In fact, if you feel you need to trade based on some specific good, why gold? I'd much rather you pay me in bourbon than gold personally.
Gold is NO different than paper currency. Hell, using the logic the gold standard fanatics claim, honestly we should go back to salt like civilizations rose and fell with. - Ph03N1X418, on 11/15/2008, -0/+10I saw a guy get beat up by the bouncers in Calgary; he was heating up the coins with his lighter first
- novenator, on 11/15/2008, -0/+10t3, *you* may not like dollar coins, most of us Americans who have experience dealing with the equivalent of dollar coins (ie. Euro, Pound, etc.) in foreign lands much prefer them.
- culbeda, on 11/15/2008, -2/+12Because they last for 20 years or more so they're cheaper for the mint/treasury to produce in the long run. Not to mention the fact that you're not as likely to horde a bunch of them because you're too goddamn lazy to spend them. If you've got 8 of them in your pocket, you're not going to go break another $20 bill to buy a frickin' cup of coffee at Starbucks. And the rest of the world has already shown that they work well.
THAT is why the rest of the civilized world uses them. And THAT is why the U.S. should us be using them as well. But thanks to ignorant, change-resistant people such as yourself, we'll probably be stuck wasting our money making $1 bills for the next 20 years. - bwoom, on 11/15/2008, -1/+10the Euro has adopted this and i don't see why it would not work in American from my exp. from being in Europe it works great
- dargon, on 11/15/2008, -2/+11That's what Canada said too, look where it got us ;)
- Petestreet, on 11/15/2008, -3/+12The last time $5 gold coin were minted in the US was 1929.
The coin was 1/10 oz of 91% purity.
$5 in 1929 adjusted for inflation is $65 in today's dollars.
Gold is now $742 an ounce.
You can buy 0.09 oz of gold for $65.
In 1929 you got 0.091 0z of gold for the same value.
That's not much of a difference. - Jforsyth89, on 11/15/2008, -0/+9I fly like paper, get high like...coins?
- TheNik, on 11/15/2008, -2/+11Awesome, you are against fiat currency. Get in the back of the line behind half of the other people on this website, you aren't as cutting-edge as you must think you are.
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