The new dollar coins are coming out, and already there is not much confidence we will like them.
Personally, I am psyched. I'd outlaw dollar bills and pennies in a heartbeat if I could. They cost more to make then they are worth- which means it costs you and me when people use them.
Dollar bills are known to be able to carry disease, and many are already infected with things like Salmonella. They gum up vending machines, get washed, etc.
I cannot think of a single reason bills are better than well-designed coins. One typical argument is that a pocket of the coins would weigh more than a billfold full of the bills- but honestly, how often do you have more than $3-5 worth of ones on you?
What do you think?
2007-02-11 14:44:15 · 14 answers · asked by Madkins007 7 in Business & Finance ➔ Personal Finance
Well it would help as far as balancing the U.S. budget if it were all coins, because the coins come from the mint ,versus the paper that comes from the federal reserve which charges the gov't . interest .on the money from the reserve. the coins on the other hand from the mint do not have interest tacked on to it because the material of the coin has a sustained value ,and ability to be melted down and re-used and/ or made into other things ..So I am in favor of the coins and do away with all bills , besides most people use debit cards and credit cards ,so you would not have to carry a ton of coins with you anyway . AND eliminating the interest on the paper money from the reserve would help balance the budget faster than cutting social security and school funding.
2007-02-11 15:50:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
For when I'm stuck with a lot of 1's I'd rather have the bill. But since it costs so much more to make the bills I wouldn't care that much about the coin. We need to save money were we can. And I agree with getting rid of the penny too...that's just a pointless coin.
2007-02-11 14:53:11 · answer #2 · answered by . 6 · 2⤊ 0⤋
I am writing from Italy and since the enforcement of the new Euro currency everybody's pockets here has been plagued by heavy coins in lieu of the paper. Wallets and purses have actually been redesigned to accomodate all the coins.
There has also been a peculiar psychological effect attached to the coin/bills. People seem to give less importance to their change than they do to their bills and in many cases this has lead to price increases and to overspending.
Keep the paper!
2007-02-12 03:51:28 · answer #3 · answered by Dreamcatcher 3 · 0⤊ 0⤋
I like the paper dollar bill thank you very much. I don't need to walk around sounding like a cowbell with all those coins in my pocket. Coins were invented over a thousand years ago and as far as I'm concerned, they belong in the past.
Your theory about the bills carrying disease doesn't make much sense. Coins can carry disease just as well, and they're much more likely to get swallowed by kids.
I like the dollar bills.
2007-02-11 15:15:03 · answer #4 · answered by Anonymous · 2⤊ 1⤋
Frequently I have more than 3-5 dollars worth of one's. I get rid of the dollar coin as fast as possible because they are deceptive, make some people including myself, think they are a quarter. I like to make change quickly, not have to give special attention to the lightly colored dollar coin. Thumbs down on dollar coins!
2007-02-11 15:49:51 · answer #5 · answered by desertflower 5 · 0⤊ 0⤋
Personally I'm going to try to use them since it will help save millions in printing costs.
We all need to pitch in to do our part to help lower the deficit, and this is a way to do that which involves very little personal sacrifice.
Of course, coke users won't be too happy. They'll have to MacGyver a solution with the coins.
2007-02-11 14:54:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I like the dollar coins...but think we will have a problem at the fast food places cahsiers trying to figure them out.
2007-02-11 15:24:49 · answer #7 · answered by ACTS 4:12 4 · 0⤊ 0⤋
In New Zealand, both $1 and $2 are coins. Yes they do weigh more but they don't tend to last very long in my purse and they are a lot more hard wearing.
2007-02-11 14:52:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I wouldnt mind the weight because its not that heavy, but I just hate the jingle of coins in your pants. So I dont really like the idea of the new $1 coin. Its said because I collect coins too lol
2007-02-11 14:52:53 · answer #9 · answered by Dan 3 · 1⤊ 1⤋
In a heartbeat - our dollar is basically pocket change now anyway - hard to even buy a cup of coffee or newspaper with one in most places. Doesn't buy much parking either..... hardly even a piece of candy....not a loaf of bread and not a quart of milk either.
2007-02-11 18:02:31 · answer #10 · answered by DLeibowitz 5 · 1⤊ 0⤋