Smart people stop using cent coins
 

http://www.expatica.com/index.asp?pa...&item_id=35383

How about the USA?

-Fred Shecter

--
""Remove "zorch" from address (2 places) to reply.

http://www.expatica.com/index.asp?pa...&item_id=35383

How about the USA?

-Fred Shecter

--
""Remove "zorch" from address (2 places) to reply.



I think most people already have
stopped using them. They get them
in change and dump them into a little
box or can on a desk until it is full
and them take them to Coinstar or the
bank. The govt. keeps making them
but not many people really use them
on a daily basis.

"Fred Shecter" wrote in message ...
http://www.expatica.com/index.asp?pa...&item_id=35383

How about the USA?

Having 8 different denominations in circulation is just one of the
things that makes numismatic life in Europe so much fun. In the US we
only have 4 [in practice] and you want to reduce that to 3? Why not go
for 1, since the quarter is the only really useful one anyway.
Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get
any worse anyway, can it? Well, so I thought until spaghetti hair came
along....

Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get
any worse anyway, can it? Well, so I thought until spaghetti hair came
along....


You ever listened to corporate run radio
stations playing the lite rock format? It is more boring and unimaginative
that any US coin denominaton, design and spaghetti hair put together.
hair and

Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get
any worse anyway, can it? Well, so I thought until spaghetti hair came
along....

Many economists believe that our(US) monetary system is A (not the, but A)
strong factor that allows our country to strive as it does. Yup, George
gives us credit just with his profile. If you don't believe me go abroad
and start buying things with the US dollar. The reaction I've received
spending it makes me a firm believer in this theory. If it ain't broke....

I agree our coins are somewhat conservative in design, ok very
conservative...but if the shrinks are correct about the power and strength
represented in our designs then I say leave it alone. Strike US commems all
you want, but I hope they never change the face of US money.


"Serenus Zeitblom" wrote in message
om...
"Fred Shecter" wrote in message
...
http://www.expatica.com/index.asp?pa...&item_id=35383

How about the USA?

Having 8 different denominations in circulation is just one of the
things that makes numismatic life in Europe so much fun. In the US we
only have 4 [in practice] and you want to reduce that to 3? Why not go
for 1, since the quarter is the only really useful one anyway.
Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get
any worse anyway, can it? Well, so I thought until spaghetti hair came
along....

From: "Fred Shecter"

http://www.expatica.com/index.asp?pad=2,18,&item_id=35383
How about the USA?

Didja notice the idea was to round "up" on all items?

Won't work here. If the retailers round all totals up to the next nickel,
they'll gain complaints and lose customers. Then the next wave of popular 'fad
ads' would be: "We Don't Stiff OUR Customers By Rounding"

Now, if all merchants rounded "down", then you might have a chance. BUT then,
some corporate flunky will tell the bosses how many thousands of dollars in
revenue they're losing by down-rounding, and that will be that.

8-/
Coin Saver

Coin Saver wrote:

Won't work here. If the retailers round all totals up to the next nickel,
they'll gain complaints and lose customers. Then the next wave of popular
'fad ads' would be: "We Don't Stiff OUR Customers By Rounding"

Well, it worked just fine in the Netherlands for 20 years or so. Total
amounts ending in 8, 9, 1, or 2 were rounded up or down (!) to 0,
amounts ending in 3, 4, 6 or 7 were rounded up or down to 5. In other
countries total amounts are rounded a well; in Denmark, for example, the
smallest coin is the 25 øre piece, so cash payments (totals) are rounded
up or down to multiples of 0.25 DKK.

What is new about the situation in Finland (and maybe in the
Netherlands, provided that the test works out OK) is that there still
are 1 and 2 cent coins, legal tender anywhere in Euroland, but not
required for cash payments in the countries which have such rounding
regulations. The Finnish mint does make a few of those pieces, even
though the production costs exceed the face value. But since they are
not necessary for everyday use, the number is quite limited ...

Christian

Let the newsgroup scroll proclaim that (JSTONE9352)
scribed upon its pages in news:20031031173325.06825.00000038@mb-
m23.aol.com:
.. The govt. keeps making them
but not many people really use them
on a daily basis.

As a merchant, I use them every day, making change. Many people
really do use them on a regular basis.


--
Allen McBroom
www.NPSTKD.com
Remove WOOF when replying by email

I rarely use cash at all, so cent usage is even rarer. My guess is that the
cent will probably go away, along with most forms of cash transactions as
people get more used to a cashless society. I would not be surprised if in
20 years cash was just abolished all together as people just stop using it.



"Allen McBroom" wrote in message
. 97.132...
Let the newsgroup scroll proclaim that (JSTONE9352)
scribed upon its pages in news:20031031173325.06825.00000038@mb-
m23.aol.com:
. The govt. keeps making them
but not many people really use them
on a daily basis.

As a merchant, I use them every day, making change. Many people
really do use them on a regular basis.


--
Allen McBroom
www.NPSTKD.com
Remove WOOF when replying by email

The govt. keeps making them
but not many people really use them
on a daily basis.

As a merchant, I use them every day, making change. Many people
really do use them on a regular basis.


You missed the point. For most people
its a one way trip from the merchant into a jar or can at home and when it is
full a trip to the bank or coinstar.