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Old 03-08-2011, 11:51 AM
 
Location: North America
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Won't that get a little heavy in the change pocket?
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Old 03-09-2011, 07:53 PM
 
1,595 posts, read 2,757,379 times
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Quote:
Originally Posted by ergohead View Post
Still, I hope they don't pass a law requiring the payment of health insurance in coin as a means to make coin money "popular".
What they are most likely to do if they really want to stop making the note (paper bills) is they could simply stop making them. Like the article said, which btw that was one long article lol, the public eventually did stop resisting after I think it said a year. What gets me is how people are forced to just give up ...it's not that they just gave up they were forced to like ergohead said the Government can force us to which is of course would be through manipulation as I said when agreed with ergohead.

I wonder if this is really a made up excuse for wanting the coin in place of the dollar not because the Government and banks really want to push us all towards going cashless? If I were a coin collector I would be pissed to no end if they put Lady Liberty on any new coins in everyday circulation.
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Old 03-10-2011, 02:50 AM
 
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Let's say I have a $20 coin the size of an old silver dollar, and a $10 coin the size of a 50 cent piece. Forget the quarter sized coins, they were always too confusing. I have $30 that can fit in my pocket and I'm a lot less likely to lose them than two loose paper bills. Those coins will last about forever, but lets say they'll last 40 or 50 years. Nobody is going to be able to counterfeit them unless its done by a foreign power. If you have a cash drawer full of $ 20 coins and somebody robs you, he'll have to stuff those coins in his pockets and thats harder to do than grab a stack of $20s. Your house burns down and you have a stack of $20s under the mattress, they're gone. If you have a stack of $20 coins, they'll still be there( unless they're made of zinc). Go even larger and have $100 coins and counterfeiters will have fits.
There must be a reason the Fed and Treasury don't want this done, I'd guess it would upset the money supply and make it more accountable. Paper currency supply and circulation is easier to keep a mystery.
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