Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
With all that the American public has to deal with, do we really need more aggravation?
Switching to a dollar coin would be 'aggravating'? Geez.
This country truly has become soft - and on this issue, it seems to be conservatives who are the wimps. They can't handle making a minor change, even if it will save millions (billions?) of dollars.
Quote:
Originally Posted by KRAMERCAT
They would have to re-design all wallets to have coin slots.
We had the Susan Anthony dollar that was disliked because it was too much like the quarter. Then the gold dollar of the Clinton admin. They spent over $40 million running ads trying to get people to use it, and as far as I could tell that was $40 million taxpayer dollars down the drain.
The cash I put in my wallet last month is still there.
As another poster said:
Who uses cash anymore?
In fact who uses checks anymore?
I don't carry any cash. Every civilized place in the country accepts debit cards. I also prefer to use my credit cards and pay them off at the end of the month to exercise them and maintain my credit rating.
Local laws banning sagging pants will have to be changed to accomodate the weight of several dollars.
If you fall in the water and have a pocket full of dollar coins you probably won't resurface.
Most of all those coins could very well be considered a weapon. Toss one of those babies at someone's soft parts and to jail you go. You can knock an eye out if your not careful.
Credit cards are awesome if you can control yourself and pay them off every month. .
I agree. If you know how to use them they can be a great tool. There is nothing I can't stand more than standing behind a hunched over old lady in the checkout line as they slowly but surely write out their check.
We had the Susan Anthony dollar that was disliked because it was too much like the quarter. Then the gold dollar of the Clinton admin. They spent over $40 million running ads trying to get people to use it, and as far as I could tell that was $40 million taxpayer dollars down the drain.
For some "strange" reason, people figured out that the "dollar coin" post 1965 did not equal a dollar (silver coin) pre-1933.
In fact, based on the current silver and gold prices:
$33.35 (silver) and $1720.70 (gold), the original unit dollar (silver) would cost $25.67 (in funny munny and debased coin), and the original double eagle - 20 dollars (gold) would cost $1720.70 (in funny munny and debased coin).
Or, if you flip around the logic, the "dollar bill" and fractional coin (counterfeit) have dropped in value by a factor of 25:1 or 86:1 (depending on which bullion you choose).
Of course, if you rely on the Wholesale price index, the devaluation is closer to 100:1 (based on 1914 reference).
In simplest terms, the "dollar coin" is equivalent to a "big penny" (1/100) or at most - less than a nickel (1/20).
A 1914 copper penny has the same buying power of a "dollar bill" (2011) or a "dollar coin".
Let us give thanks to the Congress for their fine work at ruining the nation's money.
Plenty of people do. Now that's what they should do away with......the credit card. If you can't afford to buy it upfront, you have no business buying it in the first place. That's the problem with this country, it used to be you saved up to buy the things you wanted, now, people buy it first and figure out how to pay for it later.
I use cash pretty much for everything. I'll use a credit/debit card only for gas, or for a larger purchase but thats it.
But whatever would retailers do if they couldn't psychologicly trick us into thinking that something priced at $199.99 is under $200???
What a great buy they say, IT'S UNDER $200 DOLLARS!!!
That reminds me of an episode of Married With Children where Al Bundy gets all excited about his new idea for a 99-cent coin...until someone bursts his bubble later by asking "What about the sales tax?"
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
