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Old 07-19-2017, 04:59 PM
 
6,308 posts, read 4,783,732 times
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Quote:
Originally Posted by Ed Ferris View Post
One $5 bill had a constipated-looking Indian chief, of no historic significance, as the portrait.
That was Running Antelope. We are the only country, as far as I know, that honors the leaders of its vanquished enemies. This is not a bad thing.

Quote:
Andrew Jackson did have a wasting disease, a bullet near his heart from a previous duel. However, the $20 is a bad portrait. Lips are too big. Jackson was skinny but dignified. I do think the idea of large portraits is an improvement over the oval-framed ones.
I think the Jackson portrait was drawn from the Mathew Brady photo of the old S.O.B. taken the day before he died. I'm guessing he didn't feel well.

Last edited by Larry Siegel; 07-19-2017 at 06:17 PM..
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Old 07-19-2017, 05:28 PM
 
Location: Sandpoint, Idaho
2,880 posts, read 5,081,064 times
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Quote:
Originally Posted by Sculptor View Post
Bottom line is, one hacker or similar and there goes millions of dollars, all it takes is one.
While I use Paypal and CC for almost everything I buy and I buy almost everything on-line, even my dog food, cash will always be needed for small purchases and because people LIKE having cash stashed.
The USA isn't South Korea, we also aren't the UK, Canada, Japan, Singapor or anything else, we are the USA and have our own way of doing things.

We SHOULD get rid of the penny however, bring back the $2 bill too.

People HATED the dollar coins, even people had to complain one was too easy to "confuse" with quarters despite the obvious differences, LOL!
Then that Sacag whatever the hell her name was dollar coin looked like garbage, it looked like an amateur did the engraving on that thing and in fact all of the modern coins and bills have that slight "Disney" look to them now.

Back in the 19th century the mint engravers were REAL artists with very refined skills who did the work by hand and a keen eye, they gave up bills and coins that were real works of ART like these US bills.
I look at the crap that passes for art and shake my head, look at the $20 bill and Jackson, his portrait looks stupid, he looks like he has AIDS or a wasting disease, absolute garbage engraving by amateurs doing the drawings on computer now.
Some of the classic bills amongst your photos. Nice.
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Old 07-19-2017, 05:44 PM
 
9,091 posts, read 9,255,260 times
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Default South Korea begins coinless society trial

South Korea begins coinless society trial - BBC News

South Korea is beginning trials with ways to eliminate coins in the next three year.

Korea circulates 94 banknotes per person in four denominations and 436 coins in four denomination exactly 1% of banknote denominations

Circulation 1 January 2016 in South Korea
Won USD Per Capita
50,000 $42.66 25
10,000 $8.53 34
5,000 $4.27 5
1,000 $0.85 29
BANKNOTES PER CAPITA 94

500 $0.43 45
100 $0.09 185
50 $0.04 41
10 $0.01 165
COINS PER CAPITA 436


Once the coins are invalid, as a practical matter the two smallest banknote denominations will probably nearly vanish as well
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Old 08-19-2017, 11:11 PM
 
3,292 posts, read 4,617,347 times
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A FACT: POLITICAL CONTRIBUTIONS from the COPPER MINING INDUSTRY LOBBY account for the continued minting of U.S. pennies.

Canada no longer mints pennies.

The U.K. eliminated farthings in 1956.
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Old 08-20-2017, 06:08 AM
 
Location: my little town
778 posts, read 248,593 times
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I had a wallet with a coin pocket. My current wallet doesn't, so I need a second container for coins, and a pocket on the other leg to balance the weight. Discontinuing the dollar bill would further split my money and make purchases more awkward. Discontinuing the penny would be convenient, to carry less coins.
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Old 08-20-2017, 12:27 PM
 
3,579 posts, read 1,832,334 times
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Quote:
Originally Posted by slowlane3 View Post
A FACT: POLITICAL CONTRIBUTIONS from the COPPER MINING INDUSTRY LOBBY account for the continued minting of U.S. pennies.

Canada no longer mints pennies.

The U.K. eliminated farthings in 1956.
Actually it's the zinc industry that lobbies for continued minting of the penny. The penny is 97.5% zinc.
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Old 08-21-2017, 03:32 PM
 
Location: equator
2,630 posts, read 1,124,783 times
Reputation: 6414
Down here is where all the U.S. dollar coins end up. Ecuador uses them, and prefers them. Dollar bills aren't wanted. So weird.


So now my husband carries a change purse. Since women's clothing mostly has no pockets (but that's another thread in Fashion and Beauty, LOL) it's up to him.


It's a PITA.
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Old 08-24-2017, 12:57 AM
 
Location: Kalamalka Lake, B.C.
2,982 posts, read 3,775,789 times
Reputation: 3789
Default Canada just did it recently

Quote:
Originally Posted by stockwiz View Post
This is something I have personally wanted for years... to eliminate the lincoln cent and round everything to the nearest nickel, and eliminate the paper dollar and have people use the coins instead. They should do both at the same time, so the change drawers at stores won't be affected.

What do you people think? I suspect the resistance to eliminating the dollar has to do with vending machines. As for pennies, I don't see how they are of any use anymore and it costs more to make them than they are worth. I just throw them on the ground when I get them or I'll give them, along with nickels and dimes, to small kids as I pass by them in the grocery store, or set them where they will see them and pick them up. I'm curious what people here think about this?

A nickel now has less buying power than a penny in 1950 and they got by just fine. You're not going to go broke from having to pay 3 extra cents in a transaction.. over the course of a year you might lose 10 bucks and that's a very liberal estimate, probably more like 2 bucks. Whoop de doo.

I dislike dollar bills in my wallet as much as pennies in my pocket. I don't mind dollar coins and would rather dig one out of my pocket for a vending machine than try to stuff a crumpled up bill into one and have it spit it back out half the time. Bills should be for larger transactions, and coins for smaller. The cent has outlived it's usefulness, as has the dollar bill.

Oh, and it would save the government lots of money.

Thoughts?
Went off without a hitch. No probs. Retail clerks will never balance perfectly at nights end like I did back in the day, but I don't think they see it as a big loss.
No wonder we call our dollar the "Loonie"!!!
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