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View Poll Results: What U$ coins should be gone?
1 cent (penny) 35 35.35%
5 cent (nickel) 4 4.04%
Both 1 and 5 cent 15 15.15%
No, they are useful 45 45.45%
Voters: 99. You may not vote on this poll

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Old 02-28-2009, 01:03 PM
 
Location: Foot of the Rockies
87,117 posts, read 102,899,540 times
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Quote:
Originally Posted by Galounger View Post
A friend from England suggested they get rid of all paper dollars and only have coin ones which would make American currency more similar to most of Europe's. He complained that he's often fooled into thinking he has plenty of cash when in reality he only has several one dollar bills in his bill fold. A problem he doesn't have in merry old England.
You know, I don't think that's the overaching concern in the US, that Europeans can't keep track of how much money they have!
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Old 02-28-2009, 11:08 PM
 
Location: Baton Rouge
1,734 posts, read 5,069,588 times
Reputation: 651
keep the penny and the nickel. EVERYTHING adds up. Newer generations just don't seem to understand that.
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Old 03-01-2009, 07:20 AM
 
3,326 posts, read 7,769,562 times
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Quote:
Originally Posted by MetroBTR View Post
keep the penny and the nickel. EVERYTHING adds up. Newer generations just don't seem to understand that.
I'm not old, and I certainly understand that.
I say keep them, too. I save all that stuff in jars for those weeks when money gets a little tight.

Someone suggested that we get rid of all paper/coin money. If we did that, it would give me plenty of incentive to live off grid, off the land, avoid the outside world altogether. There would certainly be an underworld of gold, silver, and other precious metal traders. We could bring back bartering in full force, too. Come to think of it, maybe not a bad idea.
All those arguments for removing cash would be nil in no time.
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Old 03-01-2009, 09:25 AM
 
88 posts, read 279,689 times
Reputation: 53
I realize that eliminating cash would not create a utopia, but all of the comments about how so many people are using their credit/debit cards to conduct business now anyways just goes to show that more and more cash is just being used for 'illicit' purposes. So why bother continuing to rack up the expense of printing and maintaining it?
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Old 03-01-2009, 02:55 PM
 
3,326 posts, read 7,769,562 times
Reputation: 1978
Cash has always been used for criminal purposes. Cards have the serious problem with identity theft.
I'd rather have a cash only system. I like being me. Don't want anyone else to be me.
Cash still seems safer for the individual person.
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Old 03-01-2009, 04:41 PM
 
Location: roaming gnome
12,391 posts, read 24,635,122 times
Reputation: 5675
The problem is NOT the currency it is the U.S. business practice...

For instance in most EU countries if you pay for something at a restaurant, the tax is going to be included in the final price... so instead of paying 12.89 for lunch after tax... you would pay an even 13. They still have smaller coins but do not see the use in having SOOO many in circulation.

Same goes for say a bag of chips... .99 cent here... end up paying 1.07 and busting a dollar, in Europe it would be 1 euro even, or 1,50. etc.
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Old 03-01-2009, 05:45 PM
 
88 posts, read 279,689 times
Reputation: 53
I'm really having a problem coming to grips with the fact that things like identity theft are brought up to counter an idea that could remove all drug dealers from street corners.
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Old 03-01-2009, 06:54 PM
 
11,200 posts, read 22,445,539 times
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Do like the rest of the world seems to do and just factor the sales tax into prices. We list the pre-cost and add on random sales tax amounts. Most people list the items by their final cost. You can then price something to get round amounts.

Get rid of the penny, make dollar coins the norm, and show FINAL prices on store shelves.

So many foriegners are stupified when something says it's $3.00, and then they have to pay something like $3.06 and deal with all that coin change.
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Old 03-01-2009, 07:09 PM
 
Location: roaming gnome
12,391 posts, read 24,635,122 times
Reputation: 5675
Quote:
Originally Posted by Chicago60614 View Post
Do like the rest of the world seems to do and just factor the sales tax into prices. We list the pre-cost and add on random sales tax amounts. Most people list the items by their final cost. You can then price something to get round amounts.

Get rid of the penny, make dollar coins the norm, and show FINAL prices on store shelves.

So many foriegners are stupified when something says it's $3.00, and then they have to pay something like $3.06 and deal with all that coin change.
No doubt... I only carry cash these days for emergencies, hate having change everywhere... Try to put everything I can on my credit card, pay it off from my bank, and get the cash back or rewards.
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Old 03-01-2009, 08:41 PM
 
Location: Baton Rouge
1,734 posts, read 5,069,588 times
Reputation: 651
I use credit or debit when shopping. I always pay cash when I am at a restaurant or when I'm running into the store to pick up one or two things.
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