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View Poll Results: Which $ dollar $ coins/paper bucks should we get rid of?
1 - penny 30 71.43%
5 - nickel 5 11.90%
10 - dime 3 7.14%
25 - quarter 0 0%
1 $ (Dollar gold coin) 9 21.43%
$1 13 30.95%
$2 (Very rare/never seen or used) 18 42.86%
$5 0 0%
$10 0 0%
$20 0 0%
$50 3 7.14%
$100 2 4.76%
Multiple Choice Poll. Voters: 42. You may not vote on this poll

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Old 12-08-2009, 08:00 PM
 
Location: Bergen County, NJ
594 posts, read 947,189 times
Reputation: 156

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Currently, the U.S. have the fallowing coins & paper bucks:


1 (penny)
5 (nickel)
10 (dime)
25 (quarter)
$1 (Gold dollar coin) > Rarely used
$1
$2 (Very rare/never used)
$5
$10
$20
$50
$100

Which of the fallowing coins and/or paper bucks do you think we should get rid of?
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Old 12-08-2009, 08:08 PM
 
Location: Bergen County, NJ
594 posts, read 947,189 times
Reputation: 156
I think we should get rid of the penny, nickel, dime and $1 buck.
The small coins are very unuseful
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Old 12-09-2009, 01:04 AM
 
Location: Tijuana Exurbs
4,000 posts, read 10,443,517 times
Reputation: 4725
Quote:
Originally Posted by PalmBch View Post
I think we should get rid of the penny, nickel, dime and $1 buck.
The small coins are very unuseful
I agree - except for the dime. Getting rid of the penny and nickel will make the dime useful as the smallest denomination.

Not listed in the poll was the Half Dollar. Are they still making those for circulation? If so, they are the equivalent of the $2 bill. Never/seldom used.

The $50 bill is also never used. After the $20, the next one up that you'll ever really see is the $100.

If they actually made these changes, maybe the $5 bill should be converted to a coin as well. There would only be 4 coins, dime, quarter, gold dollar, and a new $5 coin. Bills would be the $10, $20, and $100. Maybe then they would follow the Europeans by creating a $500 note. That would give the North Koreans an even bigger bill to counterfeit.
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Old 12-09-2009, 01:56 AM
 
Location: Pittsburgh, USA
3,133 posts, read 8,333,737 times
Reputation: 1085
Most people don't want a $1 coin especially after what happened with the Susie Dollar of 1978-81. People spent them as quarters and cash registers had nowhere to put them. In its infinite wisdom congress decided the next dollar coins should be the exact same size. I think the goldish tint is to help tell them from a quarter. Blind people may not feel the same about it. In quantity they weigh too much.

Half the people don't want to be bothered with pennies according to polls I've seen. I think its mostly senior citizens on a fixed income who want them most. I see them on the ground all the time and don't bother picking them up even if there's a bunch of them. An empty pop or beer can is worth more.

$2 bills are interesting and rarely seen. I used some to buy groceries and the clerk said they don't take counterfeit money and the other cashiers ran over to trade for their ones. Then the clerk who called them counterfeit asked if I had any more. I think they were made for $2 bets at race tracks. They don't circulate and don't cause anyone any problems so I say keep this odd denomination around. The design is much nicer and more historic than our regular paper money.

I like $50 and $100 bills. I'd rather have 3 hundreds or 6 fifties in my wallet than 15 $20's.

It costs more to print money than manufacture coins. Circulating paper money only lasts about a year and coins last 20 or so.

The mint stopped making half dollars for general circulation in 2001. You can still get halves every year by special request.
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Old 12-09-2009, 06:58 AM
 
Location: Durham, NC
2,536 posts, read 8,122,888 times
Reputation: 1624
Scratch the penny, $1 & $2 bill.

Add $0.50, $1 & $2 coins.
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Old 12-09-2009, 07:17 AM
 
Location: Hernando County, FL
8,488 posts, read 17,934,538 times
Reputation: 5397
Quote:
Originally Posted by mdp_az View Post
Scratch the penny, $1 & $2 bill.

Add $0.50, $1 & $2 coins.
We already have a $.50 and $1 coin. We don't need an extra coin.

If we take away the penny do you think retailers are going to round up or down?
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Old 12-09-2009, 07:48 AM
 
Location: Orange, California
1,573 posts, read 5,649,661 times
Reputation: 720
Seriously, it is time for the penny to go. More time and energy is wasted by cashiers counting out pennies at cash registers than they are worth. Let's just round off to the nearest nickel. We used to have half-cent coins in this country, but we got rid of those (and rounded off) when the value was deemed to be too low in 1857, just before the Civil War. And that was back when a penny could actually buy you something (in the penny arcade days). Life is too short to trifle with the penny nowadays.

Also, if we have a dollar coin (which makes sense to me), then we need to ditch the paper dollar (and the $2 note). Let the lowest note be a $5 -- buy something for three dollars and get two coins in change. Seems completely sensible. For people who worry that $1 is too valuable to be carry around in "coin" form, here again we can look to the dollar coins that people regularly used in the 1800s. A silver dollar could buy you a night's stay in a decent hotel. Certainly, we can learn to live with the high value of a dollar coin in today's inflation economy.
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Old 12-09-2009, 08:05 AM
 
11,877 posts, read 32,904,313 times
Reputation: 8626
I would be thrilled if the penny and the dollar bill were to disappear.
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Old 12-09-2009, 08:29 AM
 
Location: Bergen County, NJ
594 posts, read 947,189 times
Reputation: 156
I'm sick & tired of the penny! Very unuseful!!
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Old 12-09-2009, 09:26 AM
 
Location: Metro Detroit Area, Michigan
1,107 posts, read 2,707,028 times
Reputation: 533
The Dollar gold coin. I prefer the Paper dollar as it's lighter and easier to handle.
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