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#51
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"Balaji Murthy" wrote in message ... Bruce Remick wrote: "Scott Stevenson" wrote in message ... On Wed, 1 Jun 2005 20:25:42 -0400, "Bruce Remick" wrote: "shreadvector" wrote in message groups.com... By the way, do the vending machines have stickers on them indicating that customers can use the Golden Dollar? Are the coin slots adjusted open larger than a quarter to allow dollar coins to be inserted? Many older machines were set to block anything larger than a quarter from entering and they often had the micro rocker switch set to "$ NO ACCEPT" instead of "$ ACCEPT". Why don't the vending machines have 4 coin tubes to accommodate 5c, 10c, 25c and $1 coins and have a bill validator set to accept $2, $5, $10, and $20 bills and give change in dollar coins? That would help and probably increase sales quite a bit. How many folks walk away from a vending machine without making a purchase because all they had was a $20 they got from the ATM???? How many folks walk up to a vending machine and can dig a dollar coin out of their pocket? I'd bet you could stop ten people on the street and none would have a dollar coin on them, whereas at least two thirds would have at least one dollar bill crisp enough to be fed accepted in a vending machine. (No fair doing it multiple times. I'm not that daring.) I still can't see these dollar coins as anything more than Mint-produced tokens, if the only public place they seem to be found is in some coin-op machines. Bruce, One of the ways that I've found it to be very useful is when I'm traveling, and I'm at an airport. If I want to buy a drink or a magazine, it's orders of magnitude easier to fish a couple of dollar coins out of a pocket with one hand than it is to try to get a bill out of my wallet with one hand (the other hand holding the crap I need to take when I travel). take care, Scott ... always has a few on hand for just this case. I would not disagree with you, Scott, but my point is that the dollar coins never reach the average traveler's pocket unless the traveler takes specific steps to acquire some. Most people probably would find it more convenient to fish for a dollar bill than to go out of their way to obtain dollar coins at a bank, "just in case". I would gladly accept and circulate dollar coins if only I received them routinely among my change from merchants. Otherwise, it's not that much of an issue with me. Bruce This clearly is a catch-22 situation. Circulation and acceptance of these coins need to go hand in hand. As for me, I always keep a few handy, since the vending machines at where I work dispense and accept these coins. - Balaji It does seem frustrating when so many "outsiders" with at least average intelligence can readily see why dollar coins aren't accepted and circulated by the masses along with our other minor coins, yet the govt is unwilling or unable to adjust. Instead, it continues with the status quo while members of Congress battle each other to submit their own additional pet dollar coin ideas. I guess I'm fortunate that I seldom have occasion to use vending machines. But I suspect that as long as many machines will accept both dollar bills and dollar coins, there will be no real incentive for customers to go out of their way to obtain dollar coins just to use in the machines. Bruce |
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"Bruce Remick" wrote in message
news:UINne.9214$%Z2.3861@lakeread08... It does seem frustrating when so many "outsiders" with at least average intelligence can readily see why dollar coins aren't accepted and circulated by the masses along with our other minor coins, yet the govt is unwilling or unable to adjust. Instead, it continues with the status quo while members of Congress battle each other to submit their own additional pet dollar coin ideas. I guess I'm fortunate that I seldom have occasion to use vending machines. But I suspect that as long as many machines will accept both dollar bills and dollar coins, there will be no real incentive for customers to go out of their way to obtain dollar coins just to use in the machines. Bruce Well, the vending machines DO accept both dollar coins and people are NOT using them. My stepdad does $50K a month in vending machine sales and he gets somewhere around 1 SBA every 5 months and 2 SACs in the same time. Compare that to about $20 per day worth of $1 bills, it would seem that people are using more coins than bills but fewer dollar coins than dollars. Not trying to make any kind of point, just providing information. boB |
#53
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"Bob" wrote in message link.net... "Bruce Remick" wrote in message news:UINne.9214$%Z2.3861@lakeread08... It does seem frustrating when so many "outsiders" with at least average intelligence can readily see why dollar coins aren't accepted and circulated by the masses along with our other minor coins, yet the govt is unwilling or unable to adjust. Instead, it continues with the status quo while members of Congress battle each other to submit their own additional pet dollar coin ideas. I guess I'm fortunate that I seldom have occasion to use vending machines. But I suspect that as long as many machines will accept both dollar bills and dollar coins, there will be no real incentive for customers to go out of their way to obtain dollar coins just to use in the machines. Bruce Well, the vending machines DO accept both dollar coins and people are NOT using them. My stepdad does $50K a month in vending machine sales and he gets somewhere around 1 SBA every 5 months and 2 SACs in the same time. Compare that to about $20 per day worth of $1 bills, it would seem that people are using more coins than bills but fewer dollar coins than dollars. Not trying to make any kind of point, just providing information. boB Confirms my suspicions, but your actual $1 coin vs $1 bill figures are truly amazing! Three dollar coins taken in for every 3,000 dollar bills taken in over a five month period? Do the machines give dollar coins in change? While these figures are not likely representative nationwide, they sure are an eye-opener, wherever those machines are located. Bruce |
#54
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"Bruce Remick" wrote in message
news:mxOne.9225$%Z2.2490@lakeread08... Well, the vending machines DO accept both dollar coins and people are NOT using them. My stepdad does $50K a month in vending machine sales and he gets somewhere around 1 SBA every 5 months and 2 SACs in the same time. Compare that to about $20 per day worth of $1 bills, it would seem that people are using more coins than bills but fewer dollar coins than dollars. Not trying to make any kind of point, just providing information. boB Confirms my suspicions, but your actual $1 coin vs $1 bill figures are truly amazing! Three dollar coins taken in for every 3,000 dollar bills taken in over a five month period? Do the machines give dollar coins in change? While these figures are not likely representative nationwide, they sure are an eye-opener, wherever those machines are located. Bruce I don't know why the machines would give dollar coins in change. You only put in what you need to purchase the item. Oh! You mean someone might put in a $5 bill and then expect change in dollar coins. No, I don't think the machines are set up that way. These machines are located in Southern Mississippi. All across the whole Southern part of the state. There are load of casinos that DO use the dollar coins. But everybody cashes them out to "real" money before they leave the casino. LOL! We'll never get people to use dollar coins if the gov't keeps making lame dollars that don't feel worth a dollar and don't tarnish in a week. We'll never get people to use the dollar coin as long as "real" money exists. By "real" I mean real as in what people seem to consider money. |
#55
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Bruce Remick wrote:
"Bob" wrote in message link.net... "Bruce Remick" wrote in message news:UINne.9214$%Z2.3861@lakeread08... It does seem frustrating when so many "outsiders" with at least average intelligence can readily see why dollar coins aren't accepted and circulated by the masses along with our other minor coins, yet the govt is unwilling or unable to adjust. Instead, it continues with the status quo while members of Congress battle each other to submit their own additional pet dollar coin ideas. I guess I'm fortunate that I seldom have occasion to use vending machines. But I suspect that as long as many machines will accept both dollar bills and dollar coins, there will be no real incentive for customers to go out of their way to obtain dollar coins just to use in the machines. Bruce Well, the vending machines DO accept both dollar coins and people are NOT using them. My stepdad does $50K a month in vending machine sales and he gets somewhere around 1 SBA every 5 months and 2 SACs in the same time. Compare that to about $20 per day worth of $1 bills, it would seem that people are using more coins than bills but fewer dollar coins than dollars. Not trying to make any kind of point, just providing information. boB Confirms my suspicions, but your actual $1 coin vs $1 bill figures are truly amazing! Three dollar coins taken in for every 3,000 dollar bills taken in over a five month period? Do the machines give dollar coins in change? While these figures are not likely representative nationwide, they sure are an eye-opener, wherever those machines are located. sigh... They're not spent very often because people don't get them in change very often... People don't get them in change very often because they're not spent very often... Chicken, egg... The circular arguements from the Luddites about why we should stop making Sacs and stick with the *expensive*, inefficient rags continues.... JUST STOP MAKING THOSE &#^@%! RAGS AND THE COINS WILL WORK JUST FINE!!! (There, I feel better now) :-) -- ___________________________________________ ____ _______________ Regards, | |\ ____ | | | | |\ Michael G. Koerner May they | | | | | | rise again! Appleton, Wisconsin USA | | | | | | ___________________________________________ | | | | | | _______________ |
#56
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In a recent message "Bob" wrote:
"Bruce Remick" wrote in message news:mxOne.9225$%Z2.2490@lakeread08... [snip] We'll never get people to use dollar coins if the gov't keeps making lame dollars that don't feel worth a dollar and don't tarnish in a week. We'll never get people to use the dollar coin as long as "real" money exists. By "real" I mean real as in what people seem to consider money. I will take as much of this 'unreal' money as anyone is prepared to give me ;-) -- Tony Clayton Coins of the UK : http://www.coinsoftheuk.info Sent using RISCOS on an Acorn Strong Arm RiscPC .... What are you doing?!? The message is over, GO AWAY! |
#57
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"Michael G. Koerner" wrote in message ... Bruce Remick wrote: "Bob" wrote in message link.net... "Bruce Remick" wrote in message news:UINne.9214$%Z2.3861@lakeread08... It does seem frustrating when so many "outsiders" with at least average intelligence can readily see why dollar coins aren't accepted and circulated by the masses along with our other minor coins, yet the govt is unwilling or unable to adjust. Instead, it continues with the status quo while members of Congress battle each other to submit their own additional pet dollar coin ideas. I guess I'm fortunate that I seldom have occasion to use vending machines. But I suspect that as long as many machines will accept both dollar bills and dollar coins, there will be no real incentive for customers to go out of their way to obtain dollar coins just to use in the machines. Bruce Well, the vending machines DO accept both dollar coins and people are NOT using them. My stepdad does $50K a month in vending machine sales and he gets somewhere around 1 SBA every 5 months and 2 SACs in the same time. Compare that to about $20 per day worth of $1 bills, it would seem that people are using more coins than bills but fewer dollar coins than dollars. Not trying to make any kind of point, just providing information. boB Confirms my suspicions, but your actual $1 coin vs $1 bill figures are truly amazing! Three dollar coins taken in for every 3,000 dollar bills taken in over a five month period? Do the machines give dollar coins in change? While these figures are not likely representative nationwide, they sure are an eye-opener, wherever those machines are located. sigh... They're not spent very often because people don't get them in change very often... People don't get them in change very often because they're not spent very often... Chicken, egg... The circular arguements from the Luddites about why we should stop making Sacs and stick with the *expensive*, inefficient rags continues.... JUST STOP MAKING THOSE &#^@%! RAGS AND THE COINS WILL WORK JUST FINE!!! (There, I feel better now) :-) I think most everyone here feels the same way. All we need is the "nudge" from our government and we'll soon be accepting dollar coins with as little thought as we now accept dollar bills. Has to make one wonder whether the govt really cares which type of dollar the public favors. I wonder which coin the public favored during their brief period of overlap -- the US half dime or new nickel? Did habit keep the half dime popular or was the public more taken with the new five cent coin? In parts of the country where both fractional currency and equivalent denomination coins were equally available, what was the public's choice? Bruce |
#58
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In article ,
Paul Anderson wrote: Most people, even those who like Sacs, don't like SBAs. But they're Moon landing dollars! Space Bucks! |
#59
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Bob wrote:
I don't know why the machines would give dollar coins in change. You only put in what you need to purchase the item. Oh! You mean someone might put in a $5 bill and then expect change in dollar coins. No, I don't think the machines are set up that way. The machines I use accept bills up to $20 denomination. And dispense the dollar coins in change. I am in Portland, OR. - Balaji These machines are located in Southern Mississippi. All across the whole Southern part of the state. There are load of casinos that DO use the dollar coins. But everybody cashes them out to "real" money before they leave the casino. LOL! We'll never get people to use dollar coins if the gov't keeps making lame dollars that don't feel worth a dollar and don't tarnish in a week. We'll never get people to use the dollar coin as long as "real" money exists. By "real" I mean real as in what people seem to consider money. |
#60
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That's great.
You should send a nice letter of praise to the vending operator telling them how much more convenient these machines are compared to the older machines in use elsewhere that do not offer change for larger bills. Be sure to tell them how those older machines often lose sales since customers often only have larger bills in their wallets. If only all vending machine operators would do this..... |
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