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Things do not cost so much that we require $1 coins... hopefully it will never get to that stage... I know over in the EU, that's their preferred way of doing things but it also costs a lot over there... The only problem is the cost of making these $1 bills... the process is pretty much automated so the cost is really the paper, ink, and anti-counterfeiting measures.... so really, costs is not that much because it costs something for monetary security and that's a price we all should pay just to keep things as cheap as they are now...
That is the main argument for coins. A coin does not cost much more to make than a bill but lasts 50 times longer.
Include sales tax in the price the way they do in Europe instead of charging it separately and on top. That would have the added bonus in that what you see is what you pay.
Isn't that the truth!
I love the way that it's done here. Makes that 19% less painful.
I have to take that back - the OP appears to have suggested just such a thing. Let me rephrase: Nobody who's given the matter any serious thought is suggesting that.
Neither did I. I wasn't expressing any preference for any given denomination, I was illustrating my preference for paper over coins; in this case, the hassle versus convenience of carrying around the respective combined weights of each, in order to clarify Jaggy's misunderstanding of a "few hundred bucks". Since this topic is after all centering around the $1 denomination, I didn't take that into account so I think that's where the misunderstanding began. My bad.
But now that you mention it, as a matter of fact I'd prefer that we keep the highest banknotes. Luckily I can rest assured that they'll be kept around.
I lived in various EU countries for years that used either the Euro or the British Pound. In all of these countries, the single (1 Euro/GBP) or single x 2 (2 Euros/GBPs) unit of currency was issued as a coin.
It wasn't a problem, no my pockets were not bulging with coins, and no, they did not track people using them. It's actually much easier to track people using cell phones and credit cards/bank cards with smart chips in them, and the CCTV system that is ubiquitous and omnipresent in the UK and is becoming more widespread in other EU nations.
I wouldn't care if we got rid of the dollar bill here, honestly. I don't carry much cash with me anyway.
You pro coin guys can lug the stuff around in your pockets.
You have a point. I don't deny that it would take some adjustment. Now that I think about it, I have the urge to get rid of my 1 euro pieces and fractional euros pretty quickly. Maybe that's a result of having paper $$ all of our lives over here in the States? I could picture man bags coming into fashion over here to accommodate the extra weight in coinage. Anyone know of a good man bag company that I could invest in?
This will never actually happen. It has been talked about for years, and it always gets killed.
What SHOULD happen is ditching the penny. The government actually loses money for each penny it produces, because the metal used to produce them costs more than a penny is worth.
Plus they are annoying and not really worth much. I'd rather see all prices rounded to the nearest 5 cents.
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