WI widely used United States one-dollar coins?

Make vending machines take dollar coins when they first were issued, take the dollar bills out of circulation and use two dollars bills instead.

which is the approach that other nations with broadly similar value currencies did , e.g. loonie and toonie in Canada, 10 bob note in the UK in the lead up to decimalisation and then the pound note going in favour of the pound coin in the early 80s.
 
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if nothing else it makes vending machines so much simpler ... what; s the current normal range of prices for a can of fizzy pop from a machine in the US ?
what size? i use a debt card these days unless I need change. a dollar for a can 1.50 for a bottle at my job. Honestly I don't use cash to to much any more, though ideally I keep a few bucks on me.
 

SsgtC

Banned
what size? i use a debt card these days unless I need change. a dollar for a can 1.50 for a bottle at my job. Honestly I don't use cash to to much any more, though ideally I keep a few bucks on me.
This. Even most vending machines accept debit/credit cards now. Fewer and fewer cash transactions take place every year.
 
Money is germy, and I feel like replacing notes with coins wouldn’t make things better health wise. I do think $1 and $2 coins would make saving money easier, and it’s a good cash reserve if you need it. No one ever grabs the pennies if you’re headed downtown and need change for parking.

I love the Canadian currency system, save for the fact that when I went there in like 2009-2010 the U.S. Dollar was valued below the Canadian Dollar. I felt like I was living under 1970s inflation for a few days.
 
Has there been any talk of the US going to polymer notes at all?
When I was like in second grade and they redid the 20 for the first time, this being like 99-2000 they had like a short documentary about the new bills and counter fitting and why they changed the design. They showed bills from all over the world including polymer notes and they mentioned that they considered it but for whatever reason rejected it. I wish I could remember but thats going on 20 years ago. But I do remember they considered it.
 
what I'd really like to see is not a revamping of our currency, but a simplification of it. I'd like to join the rest of the world, get rid of pennies, and round up/down on cash transactions. I'd like to see the 50c coin and every version of the dollar coin get pulled; I read a few years back that there are over a billion assorted dollar coins in our Treasury vaults... they are just not popular. I'd like to see the our coinage limited to nickels/dimes/quarters and bills limited to 1/5/10/20 (pull the 2/50/100). Those are all the types of money that we really need to operate our increasingly fewer cash transactions. Lord knows it would make my life easier...
 

SsgtC

Banned
what I'd really like to see is not a revamping of our currency, but a simplification of it. I'd like to join the rest of the world, get rid of pennies, and round up/down on cash transactions. I'd like to see the 50c coin and every version of the dollar coin get pulled; I read a few years back that there are over a billion assorted dollar coins in our Treasury vaults... they are just not popular. I'd like to see the our coinage limited to nickels/dimes/quarters and bills limited to 1/5/10/20 (pull the 2/50/100). Those are all the types of money that we really need to operate our increasingly fewer cash transactions. Lord knows it would make my life easier...
Actually, I disagree on pulling the 50 and 100. In the few cash transactions I've made over the last few years, I've used large bills more than I've used smaller ones. I've owned my own business and when you're paying day labor, giving em a Benjamin is much easier than counting out smaller bills. Easier to fit large sums in your wallet as well
 
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Apparently governments are looking to withdraw large denomination bills in order to clamp down on the cash economy, which makes me think its a bad idea and we should keep the 50s and 100s. Indeed last week I paid for some panel work on my car with a wad of 50s and last year paid a house painter with a much bigger wad of 100s, saving hundreds of dollars in GST in the bargain.

Screw it, lets ditch notes altogether and bring back gold and silver coins for everything! Yeah!
 
Actually, I disagree on pulling the 50 and 100. In the few cash transactions I've made over the last few years, I've used large bills more than I've used smaller ones. I've owned my own business and even you're paying day labor, giving em a Benjamin is much easier than counting out smaller bills. Easier to fit large sums in your wallet as well
the Feds have actually been considering dropping the two bills... from what I've read, they're doing so because with the wide decrease in cash transactions, 50 and 100 bills are increasingly being used for criminal activity. The US isn't alone in it, other western countries are considering dropping large bills...
 

SsgtC

Banned
the Feds have actually been considering dropping the two bills... from what I've read, they're doing so because with the wide decrease in cash transactions, 50 and 100 bills are increasingly being used for criminal activity. The US isn't alone in it, other western countries are considering dropping large bills...
And then criminals will just use $20s instead. And when those are gone, they'll use 10s. That's not exactly a solution to stopping criminal activity. It's more "knee jerk" than anything. A "solution" proposed by politicians so they can be seen "taking concrete steps to eliminate crime."
 
I'd suggest "criminal activity" is applied pretty loosely, my paying tradesmen cash to avoid paying GST would count as criminal activity as would business owners taking cash from the till and other sorts of things. But when people talk about criminal activity people think drug dealers and armed robbers, these being much easier to generate a moral panic over.
 
If the US just got rid of the paper dollar and started forcing people to use the dollar coins in 2000 when they made that big deal about releasing the Sacagawea dollar. It's simple don't print more of them destroy the old ones.
 
When we replaced our 1, and 2 dollar notes with coins after a transitional period the notes were no longer legal tender, same with 1 and 2 cent coins when we got rid of them.
 
Looks to me like everybody's ignoring the fundamental flaw in the U.S. approach til now: keeping the $1 bill in circulation!

So long as there's a choice, people aren't going to adopt the unfamiliar coin...

Sell it to cheapskate Congresscritters by telling the truth: it'll save upwards of US$400 million in printing costs. (BEP currently prints about 7.7G bills at about $0.065 ea, & the vast majority are $1...) You can also remind them the average lifespan of a bill is about 18mo; a coin, about 30yr... (Do the math. That looks like a savings of US$8 billion. {Yeah, I know, just enough for the Pentagon to squander on a new SPAAG that won't work.:rolleyes:})
 
well take well take your Eisenhower dollars if you don't want to use them
I have 5 of the bicentennial ones in my coin collection. I very rarely see these coins circulate at my job. The last time I saw any was a couple of years ago when someone dropped 6 of them into one of our donation boxes. I do see the 'gold' coins regularly, 4-5 a month usually, although sometimes someone will drop a pile of them all at once. The SBA ones I don't see many of either, usually they get mixed up with quarters and I find them when I'm counting a drawer down...
 
Looks to me like everybody's ignoring the fundamental flaw in the U.S. approach til now: keeping the $1 bill in circulation!
just for the heck of it, try to imagine if the Feds suddenly up and stopped printing $1 bills and went to dollar coins full bore. I have to wonder how many more coins they would have to mint first... no idea how many $1 bills and $1 coins are in circulation right now, but I bet the bills outnumber the coins by a huge degree. There are over a billion coins sitting in the Treasury vaults that could be released, but they'd still have to coin a lot more of them. Balance that against the fact that the coins last longer so there would be less replacement. Plus, you have to figure out if you still want to keep the SBA and Ike coins around or just pull them out of circulation...
 
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