Getting the Public to Use Half Dollars and Dollars

Padraic Brown wrote:
On Wed, 19 Nov 2003 14:07:55 -0500, Bruce Remick
wrote:



Well, those immigrants are here now, not in a country with unstable
currency.


Correct. It will simply take some time for them to adjust. They may
well go bonkers for credit cards; they may never trust the System
enough to bother with one.


If they understand that yet still don't choose to adapt to
cultural practices in their new home, that's their perogative.


Since using cash certainly is one of their new culture's practices,
I'm sure they won't have any trouble adapting to that!



Using cash is fine, as long as they're careful where they flash those
wallets with the hundreds packed in there.

Bruce

"Padraic Brown" wrote in message
...
On Tue, 18 Nov 2003 21:53:17 -0500, Bruce Remick
wrote:

Sure. They get jobs, though...


Well, let's hope so! And they better be good ones if they're gonna be
able to afford to carry all those hundred dollar bills to Best Buy for
that washing machine.

Some are, some aren't. Construction, handyman services, plant
management (janitorial services), landscaping, child care,
housekeeping, take your pick!

I still don't see what this has to do with their
preference not to have a credit card or checking account.

Cultural differences. You try placing your money in a bank in a
country that revaluates its currency every couple years. Such a
mindset takes some time to get over.

There are other reasons, such as not qualifying for a credit card, not
wanting to pay a $12 monthly fee for a small average blance account, etc.
Culture has nothing to with it.

Note that I'm not saying they nèver have credit cards or checking
accounts.

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

"Padraic Brown" wrote in message
...
On Wed, 19 Nov 2003 16:17:11 GMT, Paul Anderson
wrote:

In article , Bruce Remick
wrote:

With inflation, there's less and less need to leave the house with
coins in your pocket anymore. Nothing to spend it on. Vending
machines don't take pennies, nickels, or dimes. What good are they
to carry? Accept whatever you get in change, dump it in a jar at
home, ditto the next day.

BINGO!!!

This is exactly why we should eliminate the small-denomination coins,
like the penny, and eliminate the dollar bill! Inflation has made
coins worth so little that it discourages their use. You have proven
the point.

But I still don't understand why you hassle yourself with collecting
large amounts of coins in a jar, having then to "cash them in" at the
bank or (heaven forbid) the Coinstar machine, rather than just spending
them as you receive them.

For the reasons Bruce just mentioned! If you want to buy a typical
McDonald's lunch with typical coins, you can look forward to using
twenty to twenty five quarters; forty to fifty dimes; a hundred
nickels or 500 or 600 pennies. Double that if you're treating.

Back when those coin denominations had some value, you could buy the
same lunch for perhaps a few quarters.

They simply aren't worth carrying around. Even dollar coins are only
marginally worth carrying around - good for tolls, flea markets and
vending machines, sure, but not for larger purchases.

Why? I usually have only 3-4 dolars max. in coin. For any purchase above
that, I use fives and the coins to make up the fraction of a dollar. This
keeps the change under control. It is all a matter of trainig on how make a
payment.

Tony


And you're after using pennies and similar to make exact payments,
fine. That's a waste of time and effort for little gain. It's simply
easier to horde them for a while and later deposit at the CU or bank.
Preferably one that has a coin counter!

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

Padraic Brown wrote:

On Wed, 19 Nov 2003 14:29:12 -0500, Bruce Remick
wrote:


But each decade has brought new
ways to make this spending more convenient, safe, and efficient.


Different certainly. Not much safer and certainly no more efficient!

Credit cards, checks, and electronic transfers are not much safer or
more efficient than using cash???? I guess there's no point discussing
this further with you.



Eliminating the need to carry and use cash seems to be the goal, not
figuring new combinations of coins and bills.


Whose goal? Certainly not mine!

Okay. You can keep carrying that sock full of cash with you for as long
as you want. Free country.



Just look at the things
you can use a credit/debit card for today that required cash ten years
ago. When was the last time you bought shares of stock and received a
paper certificate?


You can always get a paper certificate.

Try it. It's even getting hard (or at least more costly) to get a paper
airline ticket anymore.



Paid your phone and electric bill at the corner drug store?


Can be done at the bank, and quite a few shops I've seen.

Ever try using a check or paying online?



Even received an actual salary check (although this hasn't
disappeared yet, more and more employers aren't paying that way)


I could change from direct deposit to a regular check if I wanted to.
I chose DD so I wouldn't have to schlep down to the cashier's office
to pick up a check on a day off.

Hey! You're starting to see my point. See where the trend is heading?


Bruce

Padraic Brown wrote:

On 18 Nov 2003 09:07:13 -0800, (Anka Z) wrote:



I'd rather carry a wad of dollar bills (filthy, bacteria-infested rags
as they are) in my purse than an equal (total) amount of coins.
Believe it or not, those halves and dollar coins are heavy! It's bad
enough carrying a few dollars' worth of quarters. Don't you guys have
a problem with this


Of course. I don't carry around a load of quarters unless I'm carting
them to a handy vending machine. I'm more likely to carry several
dollars in $1 coins. They aren't heavy, contrary to the old canard. I
wouldn't carry a wad of dollar notes either. To bulky and too much of
a mess to sort out. That's what fivers and tenners are for.


You like fives and tens, but don't like ones? How do you sort your
ones? If you carry both dollar coins and dollar bills, would you resist
using the bills if you were paying for a two dollar item? If yes,
doesn't that mean you prefer to get rid of those dollar coins in your
pocket? If no, why bother with the dollar coins at all?

Bruce

On Wed, 19 Nov 2003 19:38:08 -0500, Bruce Remick
wrote:


Using cash is fine, as long as they're careful where they flash those
wallets with the hundreds packed in there.

Sensible advice regardless of one's payment method. Flashing an ATM
card is practically advertising "force me to go with you to the ATM
and withdraw wads of cash!"

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Wed, 19 Nov 2003 18:38:45 -0600, "A.E. Gelat"
wrote:


I still don't see what this has to do with their
preference not to have a credit card or checking account.

Cultural differences. You try placing your money in a bank in a
country that revaluates its currency every couple years. Such a
mindset takes some time to get over.

There are other reasons, such as not qualifying for a credit card, not
wanting to pay a $12 monthly fee for a small average blance account, etc.

Of course. I suspect an illegal immigrant wouldn't want to bother.

Culture has nothing to with it.

It has more to do with it than you might think.

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Wed, 19 Nov 2003 19:46:44 -0500, Bruce Remick
wrote:

Padraic Brown wrote:

On Wed, 19 Nov 2003 14:29:12 -0500, Bruce Remick
wrote:


But each decade has brought new
ways to make this spending more convenient, safe, and efficient.


Different certainly. Not much safer and certainly no more efficient!

Credit cards, checks, and electronic transfers are not much safer or
more efficient than using cash????

Way too susceptible to hackers. I know. My oh so safe ATM linked
checking account was hacked to the tune of several hundred dollars. I
don't know the results of the bank's investigation, though they made
good on my loss.

Can't hack a Jackson (and unless the counterfiet is really good, most
collector types can pick out a fake).

I guess there's no point discussing this further with you.

Could be. There's never much point in these silly cash v. credit card
discussions anyway! Same goes for penny v. cent and cash v. credit
card in the grocery store queue. Some interesting points of view,
mind! But nothing substantive is said or done.

You can always get a paper certificate.

Try it.

I know they don't like giving them up, but it can certainly be done.

Paid your phone and electric bill at the corner drug store?


Can be done at the bank, and quite a few shops I've seen.

Ever try using a check or paying online?

The former, yes. The latter, no. I have bought things online, however.
Not a preferred method.

Even received an actual salary check (although this hasn't
disappeared yet, more and more employers aren't paying that way)


I could change from direct deposit to a regular check if I wanted to.
I chose DD so I wouldn't have to schlep down to the cashier's office
to pick up a check on a day off.

Hey! You're starting to see my point. See where the trend is heading?

I already understand your point, and I disagree with it. Direct
deposit checking has nothing to do with our becomming a cashless
society. All it means is I now have to go to the ATM or write a check
to "Cash" if I want to get some money.

Padraic.


la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Wed, 19 Nov 2003 18:42:58 -0600, "A.E. Gelat"
wrote:


"Padraic Brown" wrote in message
.. .
On Wed, 19 Nov 2003 16:17:11 GMT, Paul Anderson
wrote:

In article , Bruce Remick
wrote:

With inflation, there's less and less need to leave the house with
coins in your pocket anymore. Nothing to spend it on. Vending
machines don't take pennies, nickels, or dimes. What good are they
to carry? Accept whatever you get in change, dump it in a jar at
home, ditto the next day.

BINGO!!!

This is exactly why we should eliminate the small-denomination coins,
like the penny, and eliminate the dollar bill! Inflation has made
coins worth so little that it discourages their use. You have proven
the point.

But I still don't understand why you hassle yourself with collecting
large amounts of coins in a jar, having then to "cash them in" at the
bank or (heaven forbid) the Coinstar machine, rather than just spending
them as you receive them.

For the reasons Bruce just mentioned! If you want to buy a typical
McDonald's lunch with typical coins, you can look forward to using
twenty to twenty five quarters; forty to fifty dimes; a hundred
nickels or 500 or 600 pennies. Double that if you're treating.

Back when those coin denominations had some value, you could buy the
same lunch for perhaps a few quarters.

They simply aren't worth carrying around. Even dollar coins are only
marginally worth carrying around - good for tolls, flea markets and
vending machines, sure, but not for larger purchases.

Why?

Because then you're messing around with 5 to 35 coins to make a simple
purchase that could more easily be done with a $10 note!

I usually have only 3-4 dolars max. in coin.

Sure. That's what I said. Somewhere in this thread, anyway.

For any purchase above
that, I use fives and the coins to make up the fraction of a dollar.

Fair enough. I'd use a tenner and throw the loose change in a bowl for
later wrapping and depositing.

This keeps the change under control.

There is more than one way to skin a badger.

It is all a matter of trainig on how make a payment.

Absolutely agree. A tenner works every time.

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

On Wed, 19 Nov 2003 19:53:10 -0500, Bruce Remick
wrote:

Of course. I don't carry around a load of quarters unless I'm carting
them to a handy vending machine. I'm more likely to carry several
dollars in $1 coins. They aren't heavy, contrary to the old canard. I
wouldn't carry a wad of dollar notes either. To bulky and too much of
a mess to sort out. That's what fivers and tenners are for.


You like fives and tens, but don't like ones? How do you sort your
ones?

I don't. They usually end up in a wad somewhere until I've got enough
to buy a bond or deposit or do something else with them. They often
end up in the same bowl as all that loose change. A number of them
float around in the bottom of my bag for use at work, where the
machines don't take dollar coins.

If you carry both dollar coins and dollar bills, would you resist
using the bills if you were paying for a two dollar item?

I'd use a fiver. Maybe a deuce if I had one to hand. Maybe a couple
brass bux if had them to hand.

If yes, doesn't that mean you prefer to get rid of those dollar coins in your
pocket?

No, it doesn't mean that at all. If the answer were "yes" it would
mean that I'd prefer to use dollar coins.

If no, why bother with the dollar coins at all?

The dollar coins are certainly easier to handle. For both purchaser
and merchant. I'd prefer using them and never seeing another $1 note
in ciruclation. Except perhaps the odd silver cert comming my way!

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.