Comments on: New $1 U.S. Coins http://nslog.com/2007/02/23/new_1_us_coins The Weblog of Erik J. Barzeski Tue, 07 Feb 2012 16:40:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: scoot http://nslog.com/2007/02/23/new_1_us_coins#comment-44887 scoot Fri, 14 Dec 2007 01:04:45 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-44887 What would I use at the strip club if we had no paper dollar bills! What would I use at the strip club if we had no paper dollar bills!

]]> By: George http://nslog.com/2007/02/23/new_1_us_coins#comment-40183 George Sun, 18 Mar 2007 03:06:51 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-40183 Why don't we just engrave rocks and clam shells for exchange? Our money is becoming worthless anyway. Geez, maybe we could even exchange little piles of sand and dirt for what it's worth. Would you believe "plastic coins"? How about "wooden coins"? Why don't we just engrave rocks and clam shells for exchange? Our money is becoming worthless anyway. Geez, maybe we could even exchange little piles of sand and dirt for what it's worth. Would you believe "plastic coins"? How about "wooden coins"?

]]> By: Ernest http://nslog.com/2007/02/23/new_1_us_coins#comment-39911 Ernest Fri, 09 Mar 2007 17:34:31 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39911 :?: is there any specific point in these coins? whats wrong with just keeping the $1 bill? vending machines and other mechanical, along with simple registers, will have to change in order to be accomodating to the new coins. i just don't understand the point... :?: is there any specific point in these coins? whats wrong with just keeping the $1 bill? vending machines and other mechanical, along with simple registers, will have to change in order to be accomodating to the new coins. i just don't understand the point...

]]> By: David M http://nslog.com/2007/02/23/new_1_us_coins#comment-39851 David M Wed, 07 Mar 2007 14:52:08 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39851 I like the penny, and I doubt the powers that be will get rid of it any time soon. There are already transaction that need to be rounded due to sales taxes of .5% or even .25% Also, hourly wage rates often end up being rounded to a nearest penny, because your hours are converted from minutes to dollars. There is also pay on commission, gasoline is notoriously priced so that there is an extra .009 added to the price you actually see on the sign. The penny is also useful in stock trading, which recently went from fractional dollars to decimals. Sure, these are probably weak points which can easily run into counter arguments, but I wanted to toss them in anyway. A penny for my thoughts? I like the penny, and I doubt the powers that be will get rid of it any time soon. There are already transaction that need to be rounded due to sales taxes of .5% or even .25% Also, hourly wage rates often end up being rounded to a nearest penny, because your hours are converted from minutes to dollars. There is also pay on commission, gasoline is notoriously priced so that there is an extra .009 added to the price you actually see on the sign.

The penny is also useful in stock trading, which recently went from fractional dollars to decimals.

Sure, these are probably weak points which can easily run into counter arguments, but I wanted to toss them in anyway. A penny for my thoughts?

]]> By: Around the web | alexking.org http://nslog.com/2007/02/23/new_1_us_coins#comment-39672 Around the web | alexking.org Sun, 25 Feb 2007 20:43:32 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39672 [...] New $1 U.S. Coins +1, the “get rid of the penny” West Wing episode was a classic too. [...] [...] New $1 U.S. Coins +1, the “get rid of the penny” West Wing episode was a classic too. [...]

]]> By: Tim Buchheim http://nslog.com/2007/02/23/new_1_us_coins#comment-39649 Tim Buchheim Fri, 23 Feb 2007 21:45:22 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39649 looks like wordpress managed to mangle my post. i had <p> and <ol> and <li> tags in there. It was fine in the preview. grr. looks like wordpress managed to mangle my post. i had <p> and <ol> and <li> tags in there. It was fine in the preview. grr.

]]> By: Clark Cox http://nslog.com/2007/02/23/new_1_us_coins#comment-39648 Clark Cox Fri, 23 Feb 2007 19:55:24 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39648 The $1 coin will never catch on in America as long as we have a $1 bill. The $1 coin will never catch on in America as long as we have a $1 bill.

]]> By: Tim Buchheim http://nslog.com/2007/02/23/new_1_us_coins#comment-39647 Tim Buchheim Fri, 23 Feb 2007 19:42:52 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39647 I'm a big supporter of dollar coins. I like to use them when possible. But there are a few big things blocking their widespread use:Most vending machines still don't take dollar coins. Even after all those vending machine companies insisted that they make the new dollar coins compatible with the Susan B. Anthony coin.Businesses won't use them because they don't want to annoy their customers.Many people won't want to use them until they become a lot more convenient. When a vending machine doesn't have a slot for them and most cashiers don't recognize the coins (and even if they do, they get confused when they can't figure out where to put them) it's pretty hard to actually spend these. And until cashiers give them as change, most people will never see them except as change given by post office vending machines or public transit ticket machines.I think we'll have to be like Canada and get rid of $1 bills before these see much use. Maybe we should make a $2 coin and eliminate the $2 bill (most people won't care) to get people used to the idea, and then withdraw the $1 bill. Personally, I think adding a half eagle ($5 coin) back into circulation would be a good idea, but I'd probably leave the $5 bill in circulation for a while. I'm a big supporter of dollar coins. I like to use them when possible. But there are a few big things blocking their widespread use:Most vending machines still don't take dollar coins. Even after all those vending machine companies insisted that they make the new dollar coins compatible with the Susan B. Anthony coin.Businesses won't use them because they don't want to annoy their customers.Many people won't want to use them until they become a lot more convenient. When a vending machine doesn't have a slot for them and most cashiers don't recognize the coins (and even if they do, they get confused when they can't figure out where to put them) it's pretty hard to actually spend these. And until cashiers give them as change, most people will never see them except as change given by post office vending machines or public transit ticket machines.I think we'll have to be like Canada and get rid of $1 bills before these see much use. Maybe we should make a $2 coin and eliminate the $2 bill (most people won't care) to get people used to the idea, and then withdraw the $1 bill. Personally, I think adding a half eagle ($5 coin) back into circulation would be a good idea, but I'd probably leave the $5 bill in circulation for a while.

]]> By: ron http://nslog.com/2007/02/23/new_1_us_coins#comment-39646 ron Fri, 23 Feb 2007 18:57:46 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39646 why's washington look so damn angry? the cost of nickel is at 6.4 cents last i heard... unfortunately, it's a federal offense to melt down coins. and where would you sell liquid nickel anyways. why's washington look so damn angry?

the cost of nickel is at 6.4 cents last i heard... unfortunately, it's a federal offense to melt down coins. and where would you sell liquid nickel anyways.

]]> By: richard http://nslog.com/2007/02/23/new_1_us_coins#comment-39645 richard Fri, 23 Feb 2007 18:13:40 +0000 http://nslog.com/2007/02/23/new_1_us_coins#comment-39645 That looks an awful lot like the chocolate money you get at parades. :smile: That looks an awful lot like the chocolate money you get at parades. :smile:

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