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dlhii
Sep 27, 2011, 8:47:06 PM9/27/11
to
Trying to get the coin dollars used -
http://blogs.marketwatch.com/thetell/2011/09/27/new-move-to-phase-out-dollar-bills/
http://blogs.marketwatch.com/thetell/2011/09/27/new-move-to-phase-out-dollar-bills/
"Roßert G. Schaffrath"
Sep 28, 2011, 5:25:10 PM9/28/11
to
On 9/27/2011 8:47 PM, dlhii wrote:
> Trying to get the coin dollars used -
> http://blogs.marketwatch.com/thetell/2011/09/27/new-move-to-phase-out-dollar-bills/
I spent three Presibux today at the grocery store (plus higher
> Trying to get the coin dollars used -
> http://blogs.marketwatch.com/thetell/2011/09/27/new-move-to-phase-out-dollar-bills/
denomination paper money). The dollar coins were immediately
quarantined in the cash drawer to a special holding area. They are not
going back into circulation again but back to the bank I am sure.
Bremick
Sep 28, 2011, 7:22:03 PM9/28/11
to
""Roßert G. Schaffrath"" <rscha...@yahoo.com> wrote in message
news:4e8390b7$0$4340$607e...@cv.net...
dollar coins in peoples' hands is for the majority of merchants to begin
giving them out in change. I would bet that 95% of the dollar bills in
people's wallets came to them as change. As long as most merchants have no
incentive to handle both the bills and coins, they typically will handle
only dollar bills and will put any stray dollar coins aside in the cash
drawer as a pesky nuisance. Meanwhile the stockpile of mandated dollar
coins will continue to grow, along with the cost of minting, shipping, and
storing them, while coin advocates stick to their decades-long rant about
how much money can be saved by eliminating the dollar bill. It's a losing
battle.
Richard L. Hall
Sep 28, 2011, 8:34:23 PM9/28/11
to
Of course what wasn't mentioned by Senators Kerry and Brown was that the
paper used to print the $1 bills is made in Massachusetts.
"dlhii" <dl...@here.net> wrote in message
news:8kr487ta5cgd97mjj...@4ax.com...
paper used to print the $1 bills is made in Massachusetts.
"dlhii" <dl...@here.net> wrote in message
news:8kr487ta5cgd97mjj...@4ax.com...
som...@some.domain
Sep 28, 2011, 9:37:12 PM9/28/11
to
Bremick
Sep 28, 2011, 9:46:27 PM9/28/11
to
"Richard L. Hall" <richll...@richlh.com> wrote in message
news:j60eem$s4t$1...@dont-email.me...
bills, independent of all the worn 5's, 10's, 20's, etc. that also have to
be shredded and replaced, it's time to re-evaluate the process, IMO.
Frank Galikanokus
Sep 29, 2011, 1:01:27 PM9/29/11
to
JAM
Bremick
Sep 29, 2011, 4:26:28 PM9/29/11
to
"Frank Galikanokus" <FrankGal...@nospam.net> wrote in message
news:4E84A467...@nospam.net...
were being minted each year for decades with no place for most of them to go
except into new warehouses. Too late to save that lost money now. No doubt
things could have been different had coin production waited until it was
FIRST decided to eliminate $1 bill production. But continuing to produce
billions of un-needed dollar coins with no plan on the horizon to eliminate
the dollar bill seems like the typical government planning process to me.
And if we DID ever stop printing dollar bills, who's to say that production
of twos and fives wouldn't be increased to fill the demand void, eating up
any savings from dropping the $1 bill and with no automatic change in
commercial or public attitudes toward $1 coins? I doubt there have been
any human factors studies undertaken by the government to examine this
possibility. Or maybe there have and that's why there has been no rush to
drop the $1 bill.
Some Guy
Sep 29, 2011, 4:41:45 PM9/29/11
to
> And if we DID ever stop printing dollar bills, who's to say that production of
> twos and fives wouldn't be increased to fill the demand void, eating up any
> savings from dropping the $1 bill and with no automatic change in commercial
> or public attitudes toward $1 coins? I doubt there have been any human
> factors studies undertaken by the government to examine this possibility. Or
> maybe there have and that's why there has been no rush to drop the $1 bill.
The Canadians seem to be getting on quite well with their loonies and toonies
> twos and fives wouldn't be increased to fill the demand void, eating up any
> savings from dropping the $1 bill and with no automatic change in commercial
> or public attitudes toward $1 coins? I doubt there have been any human
> factors studies undertaken by the government to examine this possibility. Or
> maybe there have and that's why there has been no rush to drop the $1 bill.
after an initial outcry and resistance.
Bremick
Sep 29, 2011, 8:08:19 PM9/29/11
to
"Some Guy" <so...@guy.xxx> wrote in message
news:j62l66$bsd$1...@speranza.aioe.org...
Some Guy
Sep 30, 2011, 8:38:50 AM9/30/11
to
"Bremick" <rem...@cox.net> wrote in message news:j6319n$k5t$1...@dont-email.me...
> And Americans have not been getting on quite well with their system?
Didn't say they weren't, you curmudgeonly old reprobate.
Bremick
Sep 30, 2011, 9:00:13 AM9/30/11
to
"Some Guy" <so...@guy.xxx> wrote in message
Ha ha. So what was your point then? We should change simply because
Canadians gradually came to accept a change? Grrrr.
"Roßert G. Schaffrath"
Sep 30, 2011, 10:20:22 AM9/30/11
to
and twonies after going to the store. As someone had posted here quite
some time ago, there is a different mindset between Canadians and
Americans (who are technically "American", as they also live in North
America) when it comes to using money. If presented with a bill for $8,
Americans will often take the largest bill they have in their wallet to
pay with, a $10 note, as it is easier than fumbling around for multiple
bills. Canadians will take a $5 note and add a $1 and $2 coin. I
noticed this phenomena standing in line at a Dollarama one time, after I
had been alerted to it. The store was mostly handing back small change
to people who were rounding up.
Some Guy
Sep 30, 2011, 10:49:38 AM9/30/11
to
"Bremick" <rem...@cox.net> wrote in message news:j64eh1$s2h$1...@dont-email.me...
taxpayers here in the good old US of A.
Personally, I like dollar bills and generally do not use coins of any
denomination at all.
At the end of the day, the coins I have received get put in my piggy bank -
after I "sequester" the copper Lincolns :).
When piggy's tummy gets full, he and I take a trip to the CoinStar machine to
get folding money.
Piggy seems to like the attention he gets from the cashiers in the supermarket
where the CoinStar is located.
And so on...
Bremick
Sep 30, 2011, 12:16:29 PM9/30/11
to
"Some Guy" <so...@guy.xxx> wrote in message
of savings by simply eliminating the $1 bill from the $2, $5, $10, $20, $50,
and $100 printing matrix. Does this estimate assume that the $1 bill loss
will not be at least partially filled by an increase in $2-5-10 bill
production, followed by an proportional increase in shredding and
replacement of these denominations. Also, coin proponents appear to assume
that the public will automatically embrace the $1 coin they have essentially
ignored for so long. Could $2 bills or even $5's suddenly increase in
popular useage, replacing the $1 bill as our paper workhorse?
I have grown skeptical of all government predictions of vast savings,
especially those claims projected five or ten years down the road when we
have no idea what outside influence may occur six months from now.
Bremick
Sep 30, 2011, 12:47:25 PM9/30/11
to
news:4e85d025$0$4394$607e...@cv.net...
I would do the $10 bill thing myself and expect a couple ones in change.
Those ones would stay in my wallet. Had I received a couple $1 coins, they
would have gone into a jar at the end of the day. It's all whatever you're
used to. If we "Americans" (the only country in North-South-Central America
with America as part of our name-- United Statesians just wouldn't work)
found ourselves with $1 and $2 coins and no $1 bill, we'd probably do much
the same as the Canadians. But......
Those ones would stay in my wallet. Had I received a couple $1 coins, they
would have gone into a jar at the end of the day. It's all whatever you're
used to. If we "Americans" (the only country in North-South-Central America
with America as part of our name-- United Statesians just wouldn't work)
found ourselves with $1 and $2 coins and no $1 bill, we'd probably do much
the same as the Canadians. But......
Some Guy
Sep 30, 2011, 2:49:48 PM9/30/11
to
"Bremick" <rem...@cox.net> wrote in message news:j64rr1$op9$1...@dont-email.me...
I don't keep my folding money in a wallet, prefering to use a money clip.
I'll unload singles when I get too many (like 8 or 10) but generally will do
"the $10 bill thing" too.
I'm informed that strippers much prefer dollar bills over dollar coins.
>
> I would do the $10 bill thing myself and expect a couple ones in change. Those
> ones would stay in my wallet. ...
> I would do the $10 bill thing myself and expect a couple ones in change. Those
I don't keep my folding money in a wallet, prefering to use a money clip.
I'll unload singles when I get too many (like 8 or 10) but generally will do
"the $10 bill thing" too.
I'm informed that strippers much prefer dollar bills over dollar coins.
Some Guy
Sep 30, 2011, 2:53:58 PM9/30/11
to
"Bremick" <rem...@cox.net> wrote in message news:j64q11$cpv$1...@dont-email.me...
I especially like when a politician claims his pet project won't cost the
taxpayers a dime because it will be funded by eliminating "waste and fraud".
Apparently waste and fraud in government programs are so rampant that if
eliminated, the government would be sending US a check every year and the IRS
would become an out-dated relic!
> I have grown skeptical of all government predictions of vast savings,
> especially those claims projected five or ten years down the road when we have
> no idea what outside influence may occur six months from now.
I'm skeptical of most government claims myself.
> especially those claims projected five or ten years down the road when we have
> no idea what outside influence may occur six months from now.
I especially like when a politician claims his pet project won't cost the
taxpayers a dime because it will be funded by eliminating "waste and fraud".
Apparently waste and fraud in government programs are so rampant that if
eliminated, the government would be sending US a check every year and the IRS
would become an out-dated relic!
Bremick
Sep 30, 2011, 3:50:24 PM9/30/11
to
"Some Guy" <so...@guy.xxx> wrote in message
bills-- job creation. Although I'm surprised there haven't been special
coin holder pouches which could attach to a performer's "garment" for those
customers who prefer to carry and use dollar coins. No doubt the Chinese
could supply them.
Bremick
Sep 30, 2011, 3:53:48 PM9/30/11
to
"Some Guy" <so...@guy.xxx> wrote in message
emergency money just waiting to be tapped for funding pet projects in hard
times.
Frank Galikanokus
Oct 1, 2011, 2:33:55 AM10/1/11
to
sense.
> And if we DID ever stop printing dollar bills, who's to say that production
> of twos and fives wouldn't be increased to fill the demand void, eating up
> any savings from dropping the $1 bill and with no automatic change in
> commercial or public attitudes toward $1 coins? I doubt there have been
> any human factors studies undertaken by the government to examine this
> possibility. Or maybe there have and that's why there has been no rush to
> drop the $1 bill.
Been to Canada lately? Dollar and two Dollar coins are not an issue.
JAM
Frank Galikanokus
Oct 1, 2011, 2:34:56 AM10/1/11
to
JAM
Frank Galikanokus
Oct 1, 2011, 2:38:36 AM10/1/11
to
JAM
Bremick
Oct 1, 2011, 9:11:09 AM10/1/11
to
news:4E86B453...@nospam.net...
My point was that there's no public "issue" here in the US either with our
dollar status quo, except maybe among cub reporters and activists. I agree
that most people here aren't aware that dollar coins are being minted, nor
why. Residents of both US and Canada appear to be comfortable with their
own way of doing things.
dollar status quo, except maybe among cub reporters and activists. I agree
that most people here aren't aware that dollar coins are being minted, nor
why. Residents of both US and Canada appear to be comfortable with their
own way of doing things.
Bremick
Oct 1, 2011, 9:12:47 AM10/1/11
to
news:4E86B490...@nospam.net...
Here I thought that not minting unneeded dollar coins for the past decades
would have made economic sense.
Frank Galikanokus
Oct 1, 2011, 11:44:52 AM10/1/11
to
JAM
Frank Galikanokus
Oct 1, 2011, 11:46:37 AM10/1/11
to
JAM
Some Guy
Oct 1, 2011, 11:52:05 AM10/1/11
to
news:4E8735DD...@nospam.net...
>> My point was that there's no public "issue" here in the US either with our
>> dollar status quo, except maybe among cub reporters and activists. I agree
>> that most people here aren't aware that dollar coins are being minted, nor
>> why. Residents of both US and Canada appear to be comfortable with their
>> own way of doing things.
>
> I guess you can call ignorance of the facts comforting.
How did you arrive at that conclusion?
>> dollar status quo, except maybe among cub reporters and activists. I agree
>> that most people here aren't aware that dollar coins are being minted, nor
>> why. Residents of both US and Canada appear to be comfortable with their
>> own way of doing things.
>
> I guess you can call ignorance of the facts comforting.
Paul Ciszek
Oct 1, 2011, 12:22:39 PM10/1/11
to
In article <j64q11$cpv$1...@dont-email.me>, Bremick <rem...@cox.net> wrote:
>
>I guess I question the methodology of arriving at the hundreds of millions
>of savings by simply eliminating the $1 bill from the $2, $5, $10, $20, $50,
>and $100 printing matrix. Does this estimate assume that the $1 bill loss
>will not be at least partially filled by an increase in $2-5-10 bill
>production, followed by an proportional increase in shredding and
>replacement of these denominations. Also, coin proponents appear to assume
>that the public will automatically embrace the $1 coin they have essentially
>ignored for so long. Could $2 bills or even $5's suddenly increase in
>popular useage, replacing the $1 bill as our paper workhorse?
them out in lieu of $1 coins, I doubt their use will increase much.
The only way I could see the use of $5 bills increasing is if people used
them in a situation where they would otherwise have handed over five or
more singles. How often do people do that?
--
"Remember when teachers, public employees, Planned Parenthood, NPR and PBS
crashed the stock market, wiped out half of our 401Ks, took trillions in
TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in
bonuses, and paid no taxes? Yeah, me neither."
Bremick
Oct 1, 2011, 5:40:49 PM10/1/11
to
"Paul Ciszek" <nos...@nospam.com> wrote in message
news:j67eof$2rh$1...@reader1.panix.com...
>
> In article <j64q11$cpv$1...@dont-email.me>, Bremick <rem...@cox.net> wrote:
>>
>>I guess I question the methodology of arriving at the hundreds of millions
>>of savings by simply eliminating the $1 bill from the $2, $5, $10, $20,
>>$50,
>>and $100 printing matrix. Does this estimate assume that the $1 bill loss
>>will not be at least partially filled by an increase in $2-5-10 bill
>>production, followed by an proportional increase in shredding and
>>replacement of these denominations. Also, coin proponents appear to
>>assume
>>that the public will automatically embrace the $1 coin they have
>>essentially
>>ignored for so long. Could $2 bills or even $5's suddenly increase in
>>popular useage, replacing the $1 bill as our paper workhorse?
>
> Most people are not aware of $2 bills; unless the banks start handing
> them out in lieu of $1 coins, I doubt their use will increase much.
> The only way I could see the use of $5 bills increasing is if people used
> them in a situation where they would otherwise have handed over five or
> more singles. How often do people do that?
>
I recall predictions of how the half dollar would become more popular and
> In article <j64q11$cpv$1...@dont-email.me>, Bremick <rem...@cox.net> wrote:
>>
>>I guess I question the methodology of arriving at the hundreds of millions
>>of savings by simply eliminating the $1 bill from the $2, $5, $10, $20,
>>$50,
>>and $100 printing matrix. Does this estimate assume that the $1 bill loss
>>will not be at least partially filled by an increase in $2-5-10 bill
>>production, followed by an proportional increase in shredding and
>>replacement of these denominations. Also, coin proponents appear to
>>assume
>>that the public will automatically embrace the $1 coin they have
>>essentially
>>ignored for so long. Could $2 bills or even $5's suddenly increase in
>>popular useage, replacing the $1 bill as our paper workhorse?
>
> Most people are not aware of $2 bills; unless the banks start handing
> them out in lieu of $1 coins, I doubt their use will increase much.
> The only way I could see the use of $5 bills increasing is if people used
> them in a situation where they would otherwise have handed over five or
> more singles. How often do people do that?
>
practical as the spending utility of nickels and dimes decreased. Many
people, government included, assume they can envision future attitudes
accurately without the need for a comprehensive study.
Some Guy
Oct 1, 2011, 5:42:32 PM10/1/11
to
"Bremick" <rem...@cox.net> wrote in message news:j681d6$4i6$1...@dont-email.me...
Back in the 50's and 60's, they remained in common use,
It seems as soon as silver was finally removed from them, the public lost
interest in them.
>
> I recall predictions of how the half dollar would become more popular and
> practical as the spending utility of nickels and dimes decreased. Many
> people, government included, assume they can envision future attitudes
> accurately without the need for a comprehensive study.
The half dollar has been abandoned by the public and the Mint.
> I recall predictions of how the half dollar would become more popular and
> practical as the spending utility of nickels and dimes decreased. Many
> people, government included, assume they can envision future attitudes
> accurately without the need for a comprehensive study.
Back in the 50's and 60's, they remained in common use,
It seems as soon as silver was finally removed from them, the public lost
interest in them.
Bremick
Oct 1, 2011, 5:43:45 PM10/1/11
to
news:4E873574...@nospam.net...
Along with a couple other Americans, I don't understand your contention that
paper dollars are unneeded. Have you ever taken a look at the growing
number of pallettes of dollar coins in warehouses? Ever wonder why those
"unneeded" dollar bills wear out so quickly?
paper dollars are unneeded. Have you ever taken a look at the growing
number of pallettes of dollar coins in warehouses? Ever wonder why those
"unneeded" dollar bills wear out so quickly?
Tom Wayne
Oct 1, 2011, 6:01:54 PM10/1/11
to
On Sat, 1 Oct 2011 16:22:39 +0000 (UTC), nos...@nospam.com (Paul
Ciszek) wrote:
>
>In article <j64q11$cpv$1...@dont-email.me>, Bremick <rem...@cox.net> wrote:
>>
>>I guess I question the methodology of arriving at the hundreds of millions
>>of savings by simply eliminating the $1 bill from the $2, $5, $10, $20, $50,
>>and $100 printing matrix. Does this estimate assume that the $1 bill loss
>>will not be at least partially filled by an increase in $2-5-10 bill
>>production, followed by an proportional increase in shredding and
>>replacement of these denominations. Also, coin proponents appear to assume
>>that the public will automatically embrace the $1 coin they have essentially
>>ignored for so long. Could $2 bills or even $5's suddenly increase in
>>popular useage, replacing the $1 bill as our paper workhorse?
>
>Most people are not aware of $2 bills; unless the banks start handing
>them out in lieu of $1 coins, I doubt their use will increase much.
>The only way I could see the use of $5 bills increasing is if people used
>them in a situation where they would otherwise have handed over five or
>more singles. How often do people do that?
I remember, when the first small-sized dollar coins came out in 1979,
Ciszek) wrote:
>
>In article <j64q11$cpv$1...@dont-email.me>, Bremick <rem...@cox.net> wrote:
>>
>>I guess I question the methodology of arriving at the hundreds of millions
>>of savings by simply eliminating the $1 bill from the $2, $5, $10, $20, $50,
>>and $100 printing matrix. Does this estimate assume that the $1 bill loss
>>will not be at least partially filled by an increase in $2-5-10 bill
>>production, followed by an proportional increase in shredding and
>>replacement of these denominations. Also, coin proponents appear to assume
>>that the public will automatically embrace the $1 coin they have essentially
>>ignored for so long. Could $2 bills or even $5's suddenly increase in
>>popular useage, replacing the $1 bill as our paper workhorse?
>
>Most people are not aware of $2 bills; unless the banks start handing
>them out in lieu of $1 coins, I doubt their use will increase much.
>The only way I could see the use of $5 bills increasing is if people used
>them in a situation where they would otherwise have handed over five or
>more singles. How often do people do that?
that the dollar coin and the 2-dollar bill were being promoted
together by the powers that be. I seem to recall a promotional poster
in post offices containing images of both the dollar coin and the
2-dollar bill and indicating that both of these should be used in
place of the dollar bill. I remember that post offices were handing
out dollar coins in change rather than dollar bills, but I don't
recall if they were also handing out 2-dollar bills.
Bremick
Oct 1, 2011, 6:01:33 PM10/1/11
to
"Some Guy" <so...@guy.xxx> wrote in message
dime either. Many seem to agree that the large size of the half dollar
played a role in its fall from favor-- odd that this should suddenly become
a factor after over 150 years of comfort. In its wisdom, the Congress
apparently ignored the liklihood that the size of the half dollar had become
unpopular and decided to give us an even larger Eisenhower dollar as an
equal companion to the dollar bill. And it took eight years of public
apathy for them to call a halt.
oly
Oct 1, 2011, 6:52:32 PM10/1/11
to
On Oct 1, 5:01 pm, "Bremick" <rem...@cox.net> wrote:
> "Some Guy" <s...@guy.xxx> wrote in message
I'd take exception to the statement that half dollars were in common
use after 1965. My personal economic memories start about then (and I
started consciously collecting coins as collectibles at the end of
1967 or so), and the only place that you commonly got half dollars was
a laundromat. One big thing that facilitated my early coin collecting
efforts was that my dad and uncle owned a laundromat for a couple of
years. After that was sold, my poor old Granny still didn't have a
washer and dryer and she visited the wash house weekly - she was a
great source of 40% Kennedys until those were all pulled out of
circulation and the stupid old clunky 1971 Kennedys were all that was
left.
Congress consistently recieved terribly bad advice about coinage
matters under Mint Directors Eva Adams and Mary Brooks and their
higher level bosses in The Treasury. In my vast personal paranoia, I
now think that there has been a consistent seven-decades long effort
by The Treasury and The Federal Reserve to make the American people
forget that their money was once largely coins consisting of precious
metals. This effort is a way to "disarm" the American peoples'
ability to protect themselves from the pernicious effects of
intentional currency debasement, and it is just as conscious as the
effort to take away their firearms by convincing them that only
government agents can readily and safely protect them and that they
have no need for personal weapons. The day of pulling the plug on
many American freedoms approaches and (IMHO) is nigh. People don't
even know that there really are options to the present system. The
American "elites" feel that the "sheeple" are too damn stupid, and
they do have a great many examples to point to.
For the record, I always get a few of the new dollars (Prezibucks and
Sackies) and punch them into Dansco albums. It is a cheap way to
satisfy the old "coin lust" when funds for the "better stuff" is slow
in rolling into my kitty.
I hadn't chimed in here yet, but there are at least four or five
national examples from the mid-1960s through the 1990s where a
"unit" (or "half-unit") base metal coin didn't circulate until various
countries stopped printing and withdrew the corresponding "unit note"
or "half-unit note" (for the record, most Americans don't know that
the United Kingdom had a very popular Ten Shillings bank note until
the end of the traditional LSD system in 1970; it was withdrawn at the
beginning of the decimalization process about 1967 or so, and thus
allowed the large, odd-shaped Fifty Pence to be a necessary success).
So, America's daft, queer-assed, fairy, gay, elderly numismatic coin
people can shit those base-metal dollar coins out of their orifices
until they're silly and blue in the face and writhing on the sidewalk,
and those base-metal dollar coins still won't circulate. Nobody cares
what you silly old bastards want (and BTW, I'm NOT calling the
esteemed Mr. Remick that). The Paper Dollar rules in Commerce, and
always will until it is no longer printed. Period, amen, end of that
topic.
Ask me how I really feel.
oly
> "Some Guy" <s...@guy.xxx> wrote in message
use after 1965. My personal economic memories start about then (and I
started consciously collecting coins as collectibles at the end of
1967 or so), and the only place that you commonly got half dollars was
a laundromat. One big thing that facilitated my early coin collecting
efforts was that my dad and uncle owned a laundromat for a couple of
years. After that was sold, my poor old Granny still didn't have a
washer and dryer and she visited the wash house weekly - she was a
great source of 40% Kennedys until those were all pulled out of
circulation and the stupid old clunky 1971 Kennedys were all that was
left.
Congress consistently recieved terribly bad advice about coinage
matters under Mint Directors Eva Adams and Mary Brooks and their
higher level bosses in The Treasury. In my vast personal paranoia, I
now think that there has been a consistent seven-decades long effort
by The Treasury and The Federal Reserve to make the American people
forget that their money was once largely coins consisting of precious
metals. This effort is a way to "disarm" the American peoples'
ability to protect themselves from the pernicious effects of
intentional currency debasement, and it is just as conscious as the
effort to take away their firearms by convincing them that only
government agents can readily and safely protect them and that they
have no need for personal weapons. The day of pulling the plug on
many American freedoms approaches and (IMHO) is nigh. People don't
even know that there really are options to the present system. The
American "elites" feel that the "sheeple" are too damn stupid, and
they do have a great many examples to point to.
For the record, I always get a few of the new dollars (Prezibucks and
Sackies) and punch them into Dansco albums. It is a cheap way to
satisfy the old "coin lust" when funds for the "better stuff" is slow
in rolling into my kitty.
I hadn't chimed in here yet, but there are at least four or five
national examples from the mid-1960s through the 1990s where a
"unit" (or "half-unit") base metal coin didn't circulate until various
countries stopped printing and withdrew the corresponding "unit note"
or "half-unit note" (for the record, most Americans don't know that
the United Kingdom had a very popular Ten Shillings bank note until
the end of the traditional LSD system in 1970; it was withdrawn at the
beginning of the decimalization process about 1967 or so, and thus
allowed the large, odd-shaped Fifty Pence to be a necessary success).
So, America's daft, queer-assed, fairy, gay, elderly numismatic coin
people can shit those base-metal dollar coins out of their orifices
until they're silly and blue in the face and writhing on the sidewalk,
and those base-metal dollar coins still won't circulate. Nobody cares
what you silly old bastards want (and BTW, I'm NOT calling the
esteemed Mr. Remick that). The Paper Dollar rules in Commerce, and
always will until it is no longer printed. Period, amen, end of that
topic.
Ask me how I really feel.
oly
Some Guy
Oct 1, 2011, 7:17:15 PM10/1/11
to
"oly" <oly...@aol.com> wrote in message
news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...
Laundromats in that era took a quarter (for the washing machines) and dimes (for
the dryers).
The machines were not equipped to take half dollars then and are not to this
day, even though a load of wash costs $2.50 and a dryer costs a quarter for 8
minutes or so.
Lay off the cheap beer, buddy.
news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...
>I'd take exception to the statement that half dollars were in common
use after 1965. My personal economic memories start about then (and I
started consciously collecting coins as collectibles at the end of
1967 or so), and the only place that you commonly got half dollars was
a laundromat.
Oly, you are completely full of shit.
use after 1965. My personal economic memories start about then (and I
started consciously collecting coins as collectibles at the end of
1967 or so), and the only place that you commonly got half dollars was
a laundromat.
Laundromats in that era took a quarter (for the washing machines) and dimes (for
the dryers).
The machines were not equipped to take half dollars then and are not to this
day, even though a load of wash costs $2.50 and a dryer costs a quarter for 8
minutes or so.
Lay off the cheap beer, buddy.
oly
Oct 1, 2011, 7:38:34 PM10/1/11
to
On Oct 1, 6:17 pm, "Some Guy" <s...@guy.xxx> wrote:
> "oly" <oly2...@aol.com> wrote in message
and took half dollars (the machines in my dad's laundry had to date
from the 1950s, my dad and uncle couldn't have afforded new ones).
They converted those larger coins into quarters, dimes and nickels.
Yes, the brand new washing machine of the era (1965-1970) were quarter-
operated, or a quarter and a dime. But the laundries did have
"change" machines that readily took half dollars and most of those
machines weren't new.
There wasn't any way for a machine to break a paper dollar or a silver
dollar for that matter. There was no attendant, but there was a bank
accross the street.
I've just opened my first Busch Bavarian as I end this post, and later
when I take a big dump, I'll think of you, Some Guy.
oly
> "oly" <oly2...@aol.com> wrote in message
>
> news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...>I'd take exception to the statement that half dollars were in common
>
> use after 1965. My personal economic memories start about then (and I
> started consciously collecting coins as collectibles at the end of
> 1967 or so), and the only place that you commonly got half dollars was
> a laundromat.
>
> Oly, you are completely full of @#!*% .
> news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...>I'd take exception to the statement that half dollars were in common
>
> use after 1965. My personal economic memories start about then (and I
> started consciously collecting coins as collectibles at the end of
> 1967 or so), and the only place that you commonly got half dollars was
> a laundromat.
>
> Laundromats in that era took a quarter (for the washing machines) and dimes (for
> the dryers).
> The machines were not equipped to take half dollars then and are not to this
> day, even though a load of wash costs $2.50 and a dryer costs a quarter for 8
> minutes or so.
> Lay off the cheap beer, buddy.
Sorry, but the mechanical "change" machines of the era both dispensed
> the dryers).
> The machines were not equipped to take half dollars then and are not to this
> day, even though a load of wash costs $2.50 and a dryer costs a quarter for 8
> minutes or so.
> Lay off the cheap beer, buddy.
and took half dollars (the machines in my dad's laundry had to date
from the 1950s, my dad and uncle couldn't have afforded new ones).
They converted those larger coins into quarters, dimes and nickels.
Yes, the brand new washing machine of the era (1965-1970) were quarter-
operated, or a quarter and a dime. But the laundries did have
"change" machines that readily took half dollars and most of those
machines weren't new.
There wasn't any way for a machine to break a paper dollar or a silver
dollar for that matter. There was no attendant, but there was a bank
accross the street.
I've just opened my first Busch Bavarian as I end this post, and later
when I take a big dump, I'll think of you, Some Guy.
oly
oly
Oct 1, 2011, 7:44:29 PM10/1/11
to
On Oct 1, 6:38 pm, oly <oly2...@aol.com> wrote:
> On Oct 1, 6:17 pm, "Some Guy" <s...@guy.xxx> wrote:
>
>
>
>
>
> > "oly" <oly2...@aol.com> wrote in message
>
> >news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...>I'dtake exception to the statement that half dollars were in common> On Oct 1, 6:17 pm, "Some Guy" <s...@guy.xxx> wrote:
>
>
>
>
>
> > "oly" <oly2...@aol.com> wrote in message
>
>
> > use after 1965. My personal economic memories start about then (and I
> > started consciously collecting coins as collectibles at the end of
> > 1967 or so), and the only place that you commonly got half dollars was
> > a laundromat.
>
> > Oly, you are completely full of @#!*% .
> > Laundromats in that era took a quarter (for the washing machines) and dimes (for
> > the dryers).
> > The machines were not equipped to take half dollars then and are not to this
> > day, even though a load of wash costs $2.50 and a dryer costs a quarter for 8
> > minutes or so.
> > Lay off the cheap beer, buddy.
>
> Sorry, but the mechanical "change" machines of the era both dispensed
> and took half dollars (the machines in my dad's laundry had to date
> from the 1950s, my dad and uncle couldn't have afforded new ones).
> They converted those larger coins into quarters, dimes and nickels.
> Yes, the brand new washing machine of the era (1965-1970) were quarter-
> operated, or a quarter and a dime. But the laundries did have
> "change" machines that readily took half dollars and most of those
> machines weren't new.
>
> There wasn't any way for a machine to break a paper dollar or a silver
> dollar for that matter. There was no attendant, but there was a bank
> accross the street.
>
> I've just opened my first Busch Bavarian as I end this post, and later
> when I take a big dump, I'll think of you, Some Guy.
>
>
> - Show quoted text -
Upon reflection, I suppose those old change machines only "took in"
halves and did not "dispense" them. But the laudromat's "change
machine" did yield a steady stream of half dollars. Now I wonder how
Granny "received" half-dollars; her laundromat in the County Seat must
have had an attendant or something.
oly
oly
oly
Oct 1, 2011, 7:49:47 PM10/1/11
to
On Oct 1, 6:44 pm, oly <oly2...@aol.com> wrote:
> On Oct 1, 6:38 pm, oly <oly2...@aol.com> wrote:
>
>
>
>
>
> > On Oct 1, 6:17 pm, "Some Guy" <s...@guy.xxx> wrote:
>
> > > "oly" <oly2...@aol.com> wrote in message
>
> > >news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...>I'dtakeexception to the statement that half dollars were in common
> On Oct 1, 6:38 pm, oly <oly2...@aol.com> wrote:
>
>
>
>
>
> > On Oct 1, 6:17 pm, "Some Guy" <s...@guy.xxx> wrote:
>
> > > "oly" <oly2...@aol.com> wrote in message
>
have taken half dollars as well (though the product could hardly have
cost that much).
Dryers must have taken either quarters or even dimes.
You know so much about laundromats, Some Guy, that I'm surprised that
you realized that they contained washing machines.
oly
Bremick
Oct 1, 2011, 8:09:51 PM10/1/11
to
"oly" <oly...@aol.com> wrote in message
news:d9264161-4375-41e2...@q26g2000vby.googlegroups.com...
I agree, as most do, that the half dollar fizzled after the silver was
removed. I believe it had to be a merchant-initiated development, since
dispensing halves in change from the register had been fairly common up
until that time. Merchants simply quit incorporating them in the daily
till, with quarters doing double duty with little public attention. People
were even content to insert 8-10 quarters, one at a time, into a car wash
without considering it a serious inconvenience.
---------------------
Congress consistently recieved terribly bad advice about coinage
matters under Mint Directors Eva Adams and Mary Brooks and their
higher level bosses in The Treasury. In my vast personal paranoia, I
now think that there has been a consistent seven-decades long effort
by The Treasury and The Federal Reserve to make the American people
forget that their money was once largely coins consisting of precious
metals. This effort is a way to "disarm" the American peoples'
ability to protect themselves from the pernicious effects of
intentional currency debasement, and it is just as conscious as the
effort to take away their firearms by convincing them that only
government agents can readily and safely protect them and that they
have no need for personal weapons. The day of pulling the plug on
many American freedoms approaches and (IMHO) is nigh. People don't
even know that there really are options to the present system. The
American "elites" feel that the "sheeple" are too damn stupid, and
they do have a great many examples to point to.
For the record, I always get a few of the new dollars (Prezibucks and
Sackies) and punch them into Dansco albums. It is a cheap way to
satisfy the old "coin lust" when funds for the "better stuff" is slow
in rolling into my kitty.
I still get a roll of each new pres-dollar at the bank just for the fun of
it. Cheap way to save and probably comperable to 0.5% bank interest. I
still have never received a dollar coin in change.
-------------------------
I hadn't chimed in here yet, but there are at least four or five
national examples from the mid-1960s through the 1990s where a
"unit" (or "half-unit") base metal coin didn't circulate until various
countries stopped printing and withdrew the corresponding "unit note"
or "half-unit note" (for the record, most Americans don't know that
the United Kingdom had a very popular Ten Shillings bank note until
the end of the traditional LSD system in 1970; it was withdrawn at the
beginning of the decimalization process about 1967 or so, and thus
allowed the large, odd-shaped Fifty Pence to be a necessary success).
So, America's daft, queer-assed, fairy, gay, elderly numismatic coin
people can shit those base-metal dollar coins out of their orifices
until they're silly and blue in the face and writhing on the sidewalk,
and those base-metal dollar coins still won't circulate. Nobody cares
what you silly old bastards want (and BTW, I'm NOT calling the
esteemed Mr. Remick that). The Paper Dollar rules in Commerce, and
always will until it is no longer printed. Period, amen, end of that
topic.
Being called a silly old bastard is sometimes better than being ignored.
It's the "esteemed" that I would question.
-----------------------
oly
Oct 1, 2011, 11:37:25 PM10/1/11
to
On Oct 1, 7:09 pm, "Bremick" <rem...@cox.net> wrote:
> "oly" <oly2...@aol.com> wrote in message
> American "elites" feel that the "sheeple" are too @#!*% stupid, and
firm up even as I type. Butt, Busch Bavarian works against this
process.
Until tommorow morning, when developments are likely to be a-commode-
ated, bon soir.
oly
> "oly" <oly2...@aol.com> wrote in message
> they do have a great many examples to point to.
>
> For the record, I always get a few of the new dollars (Prezibucks and
> Sackies) and punch them into Dansco albums. It is a cheap way to
> satisfy the old "coin lust" when funds for the "better stuff" is slow
> in rolling into my kitty.
>
> -------------------------
> I still get a roll of each new pres-dollar at the bank just for the fun of
> it. Cheap way to save and probably comperable to 0.5% bank interest. I
> still have never received a dollar coin in change.
> -------------------------
>
> I hadn't chimed in here yet, but there are at least four or five
> national examples from the mid-1960s through the 1990s where a
> "unit" (or "half-unit") base metal coin didn't circulate until various
> countries stopped printing and withdrew the corresponding "unit note"
> or "half-unit note" (for the record, most Americans don't know that
> the United Kingdom had a very popular Ten Shillings bank note until
> the end of the traditional LSD system in 1970; it was withdrawn at the
> beginning of the decimalization process about 1967 or so, and thus
> allowed the large, odd-shaped Fifty Pence to be a necessary success).
> So, America's daft, queer-assed, fairy, gay, elderly numismatic coin
> people can @#!*% those base-metal dollar coins out of their orifices
>
> For the record, I always get a few of the new dollars (Prezibucks and
> Sackies) and punch them into Dansco albums. It is a cheap way to
> satisfy the old "coin lust" when funds for the "better stuff" is slow
> in rolling into my kitty.
>
> -------------------------
> I still get a roll of each new pres-dollar at the bank just for the fun of
> it. Cheap way to save and probably comperable to 0.5% bank interest. I
> still have never received a dollar coin in change.
> -------------------------
>
> I hadn't chimed in here yet, but there are at least four or five
> national examples from the mid-1960s through the 1990s where a
> "unit" (or "half-unit") base metal coin didn't circulate until various
> countries stopped printing and withdrew the corresponding "unit note"
> or "half-unit note" (for the record, most Americans don't know that
> the United Kingdom had a very popular Ten Shillings bank note until
> the end of the traditional LSD system in 1970; it was withdrawn at the
> beginning of the decimalization process about 1967 or so, and thus
> allowed the large, odd-shaped Fifty Pence to be a necessary success).
> So, America's daft, queer-assed, fairy, gay, elderly numismatic coin
> until they're silly and blue in the face and writhing on the sidewalk,
> and those base-metal dollar coins still won't circulate. Nobody cares
> what you silly old @#!*% want (and BTW, I'm NOT calling the
> and those base-metal dollar coins still won't circulate. Nobody cares
> esteemed Mr. Remick that). The Paper Dollar rules in Commerce, and
> always will until it is no longer printed. Period, amen, end of that
> topic.
>
> ------------------------
> Being called a silly old @#!*% is sometimes better than being ignored.
> always will until it is no longer printed. Period, amen, end of that
> topic.
>
> ------------------------
> It's the "esteemed" that I would question.
> -----------------------
>
> Ask me how I really feel.
>
> -----------------------
>
> Ask me how I really feel.
>
> oly- Hide quoted text -
>
> - Show quoted text -
Some Guy #1, Some Guy #2, Some Guy #3 and Some Guy #4 are trying to
>
> - Show quoted text -
firm up even as I type. Butt, Busch Bavarian works against this
process.
Until tommorow morning, when developments are likely to be a-commode-
ated, bon soir.
oly
Some Guy
Oct 2, 2011, 8:55:35 AM10/2/11
to
"oly" <oly...@aol.com> wrote in message
news:f16e4246-426d-47cc...@y18g2000yqy.googlegroups.com...
>Some Guy #1, Some Guy #2, Some Guy #3 and Some Guy #4 are trying to firm up
>even as I type. Butt, Busch Bavarian works against this process.
That's the spirit - be proud of your alcoholism!
>even as I type. Butt, Busch Bavarian works against this process.
Say it loud "I'm a drunk and I'm proud!"
oly
Oct 2, 2011, 9:43:51 AM10/2/11
to
On Oct 2, 7:55 am, "Some Guy" <s...@guy.xxx> wrote:
> "oly" <oly2...@aol.com> wrote in message
You showed up this morning, right on time. oly
> "oly" <oly2...@aol.com> wrote in message
Frank Galikanokus
Oct 2, 2011, 12:55:33 PM10/2/11
to
coins?
JAM
oly
Oct 2, 2011, 1:33:49 PM10/2/11
to
On Oct 2, 11:55 am, Frank Galikanokus <FrankGalikano...@nospam.net>
wrote:
> Bremick wrote:
>
> > "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> >news:4E873574...@nospam.net...
> > > Bremick wrote:
>
> > >> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> > >>news:4E86B490...@nospam.net...
> > >> > Bremick wrote:
>
> > >> >> "Some Guy" <s...@guy.xxx> wrote in message
oly
wrote:
> Bremick wrote:
>
> > "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> >news:4E873574...@nospam.net...
> > > Bremick wrote:
>
> > >> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> > >>news:4E86B490...@nospam.net...
> > >> > Bremick wrote:
>
> > >> >> "Some Guy" <s...@guy.xxx> wrote in message
> > >> >>news:j64d8o$aoa$1...@speranza.aioe.org...
>
> > >> >> > "Bremick" <rem...@cox.net> wrote in message
> > >> >> >news:j6319n$k5t$1...@dont-email.me...
> > >> >> >> And Americans have not been getting on quite well with their
> > >> >> >> system?
>
> > >> >> > Didn't say they weren't, you curmudgeonly old reprobate.
>
> > >> >> Ha ha. So what was your point then? We should change simply because
> > >> >> Canadians gradually came to accept a change? Grrrr.
>
> > >> > No, we should change because it makes economic sense.
>
> > >> > JAM
>
> > >> Here I thought that not minting unneeded dollar coins for the past
> > >> decades
> > >> would have made economic sense.
>
> > > Not printing unneeded paper dollars makes sense.
>
> > > JAM
>
> > Along with a couple other Americans, I don't understand your contention that
> > paper dollars are unneeded. Have you ever taken a look at the growing
> > number of pallettes of dollar coins in warehouses? Ever wonder why those
> > "unneeded" dollar bills wear out so quickly?
>
> Do you know why is was decided to replace dollar bills with dollar
> coins?
>
> JAM- Hide quoted text -
>
> > >> >> > "Bremick" <rem...@cox.net> wrote in message
> > >> >> >news:j6319n$k5t$1...@dont-email.me...
> > >> >> >> And Americans have not been getting on quite well with their
> > >> >> >> system?
>
> > >> >> > Didn't say they weren't, you curmudgeonly old reprobate.
>
> > >> >> Ha ha. So what was your point then? We should change simply because
> > >> >> Canadians gradually came to accept a change? Grrrr.
>
> > >> > No, we should change because it makes economic sense.
>
> > >> > JAM
>
> > >> Here I thought that not minting unneeded dollar coins for the past
> > >> decades
> > >> would have made economic sense.
>
> > > Not printing unneeded paper dollars makes sense.
>
> > > JAM
>
> > Along with a couple other Americans, I don't understand your contention that
> > paper dollars are unneeded. Have you ever taken a look at the growing
> > number of pallettes of dollar coins in warehouses? Ever wonder why those
> > "unneeded" dollar bills wear out so quickly?
>
> Do you know why is was decided to replace dollar bills with dollar
> coins?
>
>
> - Show quoted text -
To get to the other side?
> - Show quoted text -
oly
Bremick
Oct 2, 2011, 4:31:27 PM10/2/11
to
news:4E889785...@nospam.net...
Have you any evidence that there was a decision to use dollar coins to
replace dollar bills? Isn't it odd that production of dollar bills wasn't
suspended in order to support your contention-- forty years now and running?
replace dollar bills? Isn't it odd that production of dollar bills wasn't
suspended in order to support your contention-- forty years now and running?
Frank Galikanokus
Oct 3, 2011, 8:27:17 AM10/3/11
to
JAM
Frank Galikanokus
Oct 3, 2011, 8:28:43 AM10/3/11
to
JAM
Bremick
Oct 3, 2011, 8:41:26 AM10/3/11
to
news:4E89AA7B...@nospam.net...
Is that the only comment you can come up with on my two questions? I asked
where you got your information claiming "it was decided to replace dollar
bills with dollar coins". Who decided this and when? I could understand
the logic, but I see no signs that such a decision was ever made by anyone
who could have implemented it. At best, I could buy an attempt to
"supplement" dollar bills with a dollar coin (Ike dollar), but not to
totally replace the bills.
where you got your information claiming "it was decided to replace dollar
bills with dollar coins". Who decided this and when? I could understand
the logic, but I see no signs that such a decision was ever made by anyone
who could have implemented it. At best, I could buy an attempt to
"supplement" dollar bills with a dollar coin (Ike dollar), but not to
totally replace the bills.
Barney
Oct 6, 2011, 1:35:21 AM10/6/11
to
"Some Guy" <so...@guy.xxx> wrote in news:j64ktv$v2v$1...@speranza.aioe.org:
> When piggy's tummy gets full, he and I take a trip to the CoinStar
> machine to get folding money.
> Piggy seems to like the attention he gets from the cashiers in the
> supermarket where the CoinStar is located.
Coinstar really likes the attention of your coins to the tune of 10%.
Barney
> When piggy's tummy gets full, he and I take a trip to the CoinStar
> machine to get folding money.
> Piggy seems to like the attention he gets from the cashiers in the
> supermarket where the CoinStar is located.
Coinstar really likes the attention of your coins to the tune of 10%.
Barney
Barney
Oct 6, 2011, 1:39:37 AM10/6/11
to
"Bremick" <rem...@cox.net> wrote in news:j681d6$4i6$1...@dont-email.me:
of cents nickels and dimes.
Even then, I'm not so sure people will start using half dollars like they
used to before Kennedy was shot.
Barney
> I recall predictions of how the half dollar would become more popular
> and practical as the spending utility of nickels and dimes decreased.
That won't happen till we start rounding to the nearest quarter and get rid
> and practical as the spending utility of nickels and dimes decreased.
of cents nickels and dimes.
Even then, I'm not so sure people will start using half dollars like they
used to before Kennedy was shot.
Barney
Barney
Oct 6, 2011, 1:42:11 AM10/6/11
to
"Some Guy" <so...@guy.xxx> wrote in news:j681g5$66f$1...@speranza.aioe.org:
It was after Kennedy was shot and they put him onto the half dollar.
People simply started collecting the half dollar coin AND with the switch
from mostly silver...the combination of events pretty much eliminated the
use of the half dollar.
Barney
People simply started collecting the half dollar coin AND with the switch
from mostly silver...the combination of events pretty much eliminated the
use of the half dollar.
Barney
Bremick
Oct 6, 2011, 7:15:18 AM10/6/11
to
"Barney" <Le...@Leica.com> wrote in message
news:Xns9F75E6F927B...@216.196.121.131...
recall some people maybe saving one example of a Kennedy half, but not
enough to cause it to suddenly stop being used after over 150 years. I can
only think it started with merchants who gradually stopped handing them out
in change, but I didn't realize it was happening until after the half had
essentially disappeared from our lives.
Bremick
Oct 6, 2011, 7:18:58 AM10/6/11
to
"Barney" <Le...@Leica.com> wrote in message
believe his assasination has anything to do with the half not being used
today. Remember, Lincoln was assasinated, too.
Some Guy
Oct 6, 2011, 8:00:12 AM10/6/11
to
"Barney" <Le...@Leica.com> wrote in message
though and I suspect the supermarket subsidizes it to get customers into the
store.
oly
Oct 6, 2011, 9:33:55 AM10/6/11
to
On Oct 1, 8:11 am, "Bremick" <rem...@cox.net> wrote:
> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
>
> news:4E86B453...@nospam.net...
> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
>
>
>
>
>
>
> > Bremick wrote:
>
> >> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> >>news:4E84A467...@nospam.net...
>
>
>
>
> > Bremick wrote:
>
> >> "Frank Galikanokus" <FrankGalikano...@nospam.net> wrote in message
> >> > Bremick wrote:
>
> >> >> ""Roßert G. Schaffrath"" <rschaffr...@yahoo.com> wrote in message
> >> >>news:4e8390b7$0$4340$607e...@cv.net...
> >> >> > On 9/27/2011 8:47 PM, dlhii wrote:
> >> >> >> Trying to get the coin dollars used -
> >> >> >>http://blogs.marketwatch.com/thetell/2011/09/27/new-move-to-phase-out...
>
> >> >> > I spent three Presibux today at the grocery store (plus higher
> >> >> > denomination paper money). The dollar coins were immediately
> >> >> > quarantined
> >> >> > in the cash drawer to a special holding area. They are not going
> >> >> > back
> >> >> > into circulation again but back to the bank I am sure.
>
> >> >> As long as we have both bills and coins available, the only key to
> >> >> getting
> >> >> dollar coins in peoples' hands is for the majority of merchants to
> >> >> begin
> >> >> giving them out in change. I would bet that 95% of the dollar bills
> >> >> in
> >> >> people's wallets came to them as change. As long as most merchants
> >> >> have
> >> >> no
> >> >> incentive to handle both the bills and coins, they typically will
> >> >> handle
> >> >> only dollar bills and will put any stray dollar coins aside in the
> >> >> cash
> >> >> drawer as a pesky nuisance. Meanwhile the stockpile of mandated
> >> >> dollar
> >> >> coins will continue to grow, along with the cost of minting, shipping,
> >> >> and
> >> >> storing them, while coin advocates stick to their decades-long rant
> >> >> about
> >> >> how much money can be saved by eliminating the dollar bill. It's a
> >> >> losing
> >> >> battle.
>
> >> > Stop printing paper dollars and the issue will be solved.
>
> >> > JAM
>
> >> There wasn't an issue at all until it became public how many dollar coins
> >> were being minted each year for decades with no place for most of them to
> >> go
> >> except into new warehouses. Too late to save that lost money now. No
> >> doubt
> >> things could have been different had coin production waited until it was
> >> FIRST decided to eliminate $1 bill production. But continuing to produce
> >> billions of un-needed dollar coins with no plan on the horizon to
> >> eliminate
> >> the dollar bill seems like the typical government planning process to me.
>
> > typical government planning process you bet! Politics overriding common
> > sense.
>
> >> And if we DID ever stop printing dollar bills, who's to say that
> >> production
> >> of twos and fives wouldn't be increased to fill the demand void, eating
> >> up
> >> any savings from dropping the $1 bill and with no automatic change in
> >> commercial or public attitudes toward $1 coins? I doubt there have been
> >> any human factors studies undertaken by the government to examine this
> >> possibility. Or maybe there have and that's why there has been no rush
> >> to
> >> drop the $1 bill.
>
> > Public attitude? 99.9% of the public doesn't even know they exist.
>
> > Been to Canada lately? Dollar and two Dollar coins are not an issue.
>
> > JAM
>
> My point was that there's no public "issue" here in the US either with our
> dollar status quo, except maybe among cub reporters and activists. I agree
> that most people here aren't aware that dollar coins are being minted, nor
> why. Residents of both US and Canada appear to be comfortable with their
> own way of doing things.- Hide quoted text -
>
> - Show quoted text -
Well, in Canada I think you could make the case that the Ottawa
> - Show quoted text -
bureaucrats mandated the "change" (literally) on a populace that
probably would have prefered to keep their paper dollar banknotes.
Canada has a stronger tradition (inherited from their Colonial past)
of citizens readily conforming to authority. Of course, the British
bureaucrats that established and then ran Canada (until the 1920s/
1930s) were rather competent and they instilled a lot of respect for
decisions from Ottawa (at least until they got Canada involved in WWI,
when the old obedience went out the window).
Here in America, we have traditionally done things a bit differently,
and the proles are traditionally a bit more restless about many
government mandates. Over ninety-five percent of the American people
want to keep using paper dollar notes (were they to think about the
subject at all). Congress knows this and thus it has repeatedly told
the BEP not to mess with the dollar bill.
It needs to be said: People like the cent, nickel, dime, quarter, one
dollar bill, five dollar bill, ten dollar bill, twenty dollar bill,
fifty dollar bill and one hundred dollar bill JUST exactly the way
they have been since the 1960s and the way they are right now.
Anybody claiming otherwise is delusional.
The U.S. goldine dollar coins are just political sop to the States
where the metal is mined and States where the strip is produced.
Another period, amen and end of subject.
oly
Bremick
Oct 6, 2011, 2:51:24 PM10/6/11
to
"Some Guy" <so...@guy.xxx> wrote in message
news:j6k58b$gbi$1...@speranza.aioe.org...
I deposit the results.
Paul Ciszek
Oct 7, 2011, 9:47:37 PM10/7/11
to
In article <691de726-9389-46c1...@k34g2000yqm.googlegroups.com>,
oly <oly...@aol.com> wrote:
>
>It needs to be said: People like the cent, nickel, dime, quarter, one
>dollar bill, five dollar bill, ten dollar bill, twenty dollar bill,
>fifty dollar bill and one hundred dollar bill JUST exactly the way
>they have been since the 1960s and the way they are right now.
>Anybody claiming otherwise is delusional.
Oh, I don't questioni that people prefer them. A lot of people would
prefer that their coins be made of precious metals, and that the dollar
be backed by gold at eighteenth century level. It ain't gonna happen,
no matter how much people would like it.
The cost of printing paper dollars divided by the lifetime of those
paper dollars yields a higher replacement cost per year than the same
calculation for the minting price and lifetime of dollar coins. Anyone
who claims otherwise can't do math.
--
"Remember when teachers, public employees, Planned Parenthood, NPR and PBS
crashed the stock market, wiped out half of our 401Ks, took trillions in
TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in
bonuses, and paid no taxes? Yeah, me neither."
Barney
Oct 8, 2011, 5:45:59 AM10/8/11
to
"Bremick" <rem...@cox.net> wrote in news:j6k2k7$hai$1...@dont-email.me:
> So why didn't the removal of silver affect use of the quarter, too? I
> recall some people maybe saving one example of a Kennedy half, but not
> enough to cause it to suddenly stop being used after over 150 years.
> I can only think it started with merchants who gradually stopped
> handing them out in change, but I didn't realize it was happening
> until after the half had essentially disappeared from our lives.
The quarter had Washington on it before and after the silver.
The half didn't have Kennedy on it till after being shot and still had more
silver in the coin than the others...so that made it attractive to hold on
to even for non collectors.
The rest of the silver was not removed till 1970, by that time it was
pretty much finished.
Barney
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