Who here favors a circulating U.S. $2 Coin?

Bruce Remick wrote:
"PC" wrote in message
...
wrote:

when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.
Oh man, I just bristle at those VISA commercials where they make it look
like you are violating you basic civic duty by using cash.

I know what you mean. Makes me want to use all pennies and nickels next
time (or if ever) I go to one of those hip hop food joints.

Or thinking about that 'ballet' when the credit/debit transaction is denied.

--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________

What can't be far from reality? �Plastic? �Money? �Do you get out much?

Apparently more than you, but I'm afraid you'll have to edify yourself.

"Scaly Lizard" wrote in message
...
On Sun, 13 Jan 2008 23:54:45 -0500, "Bruce Remick"
wrote:


wrote in message
...
On Jan 13, 8:26?pm, wrote:
Just a question I'd like to ask.

I the $1 bill is eliminated for a $1 coin, and the $2 bill begins to
circulate widely (as many public opinion polls have suggested) would
you support getting rid of the $2 bill for a $2 coin about 2-5 years
after the $1 bill goes?

I think a $2 coin would be a great idea if our $2 denomination becomes
popular like Canada's did. I'd like to see the U.S. use the Canadian
Twonie as a prototype for a U.S. $2 coin if they issue one. I'd want a
$2 coin even if it only circulated about as much as the current $2
bill does, because they'd still be fun to spend. But just think, if
the $2 bill, or $2 coin becomes popular, the only oddity we could have
fun spending, would be th half dollar.

Tom

They can't even get a one dollar coin circulated, let alone make up
their administrative minds, but unless they stop producing notes, you
can forget it. Besides, if this dog-n-pony show was really serious
about making coins work again, they'd produce a genuine $5 silver
eagle for circulation. That would take off like a rocket, but not when
the long range agenda is to eliminate the use of cash in commerce.
_________

A genuine $5 silver coin would take off like a rocket into
speculators'
pickle jars and would never see circulation.

Heh, to hedge against future bullion value outstripping the
weight, a new $5 coin would have to be one gram... smaller
than the lint which collects around it.

_________

That's why only trash is being used in commerce, while the real things
are being traded by collectors, dealers, coin shows, and of course,
the US mint.
__________

You got a problem with commerce? If you can swap trash for stuff you
need, that seems like a pretty good deal to me.

I think the poster is referring to the newly fashionable idea
of tying the dollar's value to precious metals, which has lately
gained traction among the followers of Republican Presidential
hopeful Ron Paul.

What the poster fails to account for is that the price of silver is
independent of the price of gold, making a bimetallic-based monetary
system inherently unstable. Even a monometallic monetary system
would be a nightmare, as a $5 gold coin would be the size of a
fingernail clipping. A $5 silver coin would be manageable, but a
$100 silver coin would be a behemoth (and would lose value every
time it is spent, due to wear).

Additionally, the poster fails to consider the possibility of someone,
somewhere discovering a geologic seam of 90% gold that runs
for miles. If the supply of gold quintuples suddenly, then a gold
based economy can only crash, since an ounce of gold as last
week's wages now only buys two loaves of bread.

__________

The bizarre push on reloadable designer debit cards
should be enough. You see, it's no longer safe to walk the streets in
this open border melee with money in your pockets, and when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.
__________

What can't be far from reality? Plastic? Money? Do you get out much?

The poster is referring to Visa's latest advertising blitz, wherein
various situations are shown with happy little consumers dancing
their way in and out of checkout lines while using credit cards,
but when a customer tries to pay with cash, the frolicking and
music screeches to a halt and everyone scowls at the bearer
of legal tender.

The message is clear: Visa wants people to use credit cards
more. OK, no problem. They have a right to advertise their
service. The unstated message is also as clear: only oafish
buffoons with poor fashion sense use cash anymore.

The disappearance of all cash, from coins to bills to Twonies,
is not far from becoming a reality. In a decade, the "collectible"
money will be just what the poster says: designer credit cards
and commemorative debit cards, issued only at special events
like sports or concerts... and eventually at coin/stamp shows.

Face it: the people who make decisions in tall buildings have
decided bills and coins are not of value to them, if they cannot
charge a fee or a yearly usage charge on them. The nature of
money itself is changing under our noses, and the days of
currency are soon to end.

The positive for us is that when coinage is discontinued then
all coins become "collectors' items". We will see a brief bump
in value for our collections, for about 20 years. After that, the
hobby will become rarified as young people are not newly drawn
into the hobby by regular daily interaction with metal coins.

When that happens, coin collecting will become the domain
of museums and wealthy enthusiasts. The values for any
non-key coin below MS65 will drop through the basement.
Most will be melted to make piping and wiring, or ingots for
the more valuable metals.

Yes, the prospect sickens. But that's clearly the future of
money, as clear as an unmuddied lake to anyone who has
their eyes open today.

SL

No, I think you are missing the point on those Visa commercials. They are
wanting you to use their Visa check card, NOT a credit card. Another words,
they want you to spend YOUR money, and not charge stuff and use theirs there
credit.

On Jan 14, 8:17 pm, Jon Purkey wrote:


I was thinking a $2 coin should be gold/silver or silver/gold, but I'm
not really crazy about that design. And I don't like how portions
(like the wing) overlap from one color to another. It should be
centered with mottos around the outer ring.

If they do make a $2 coin I hope they keep the designs constant, at
least for a few years. People would have a hard enough time getting
used to a $2 coin even without it changing ever 3 months.

I would approve of a $2 coin of this natu I think it would bring
us into the world stage of using coin for purchases in the $5-10
range.

Les
http://life-of-coins.blogspot.com/

On Jan 14, 9:18*pm, "PC" wrote:
wrote:
when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.

Oh man, I just bristle at those VISA commercials where they make it look
like you are violating you basic civic duty by using cash.

Especially the one where all those trendy urban types are dancing like
robots to feed the great god Visa.

On Jan 15, 7:40*am, "Daniel" dcxdanATyahooDOTcom wrote:
"Scaly Lizard" wrote in message

...





On Sun, 13 Jan 2008 23:54:45 -0500, "Bruce Remick"
wrote:

wrote in message
....
On Jan 13, 8:26?pm, wrote:
Just a question I'd like to ask.

I the $1 bill is eliminated for a $1 coin, and the $2 bill begins to
circulate widely (as many public opinion polls have suggested) would
you support getting rid of the $2 bill for a $2 coin about 2-5 years
after the $1 bill goes?

I think a $2 coin would be a great idea if our $2 denomination becomes
popular like Canada's did. I'd like to see the U.S. use the Canadian
Twonie as a prototype for a U.S. $2 coin if they issue one. I'd want a
$2 coin even if it only circulated about as much as the current $2
bill does, because they'd still be fun to spend. But just think, if
the $2 bill, or $2 coin becomes popular, the only oddity we could have
fun spending, would be th half dollar.

Tom

They can't even get a one dollar coin circulated, let alone make up
their administrative minds, but unless they stop producing notes, you
can forget it. Besides, if this dog-n-pony show was really serious
about making coins work again, they'd produce a genuine $5 silver
eagle for circulation. That would take off like a rocket, but not when
the long range agenda is to eliminate the use of cash in commerce.
_________

* *A genuine $5 silver coin would take off like a rocket into
speculators'
pickle jars and would never see circulation.

Heh, to hedge against future bullion value outstripping the
weight, a new $5 coin would have to be one gram... smaller
than the lint which collects around it.

_________

That's why only trash is being used in commerce, while the real things
are being traded by collectors, dealers, coin shows, and of course,
the US mint.
__________

* *You got a problem with commerce? *If you can swap trash for stuff you
need, that seems like a pretty good deal to me.

I think the poster is referring to the newly fashionable idea
of tying the dollar's value to precious metals, which has lately
gained traction among the followers of Republican Presidential
hopeful Ron Paul.

What the poster fails to account for is that the price of silver is
independent of the price of gold, making a bimetallic-based monetary
system inherently unstable. *Even a monometallic monetary system
would be a nightmare, as a $5 gold coin would be the size of a
fingernail clipping. *A $5 silver coin would be manageable, but a
$100 silver coin would be a behemoth (and would lose value every
time it is spent, due to wear).

Additionally, the poster fails to consider the possibility of someone,
somewhere discovering a geologic seam of 90% gold that runs
for miles. *If the supply of gold quintuples suddenly, then a gold
based economy can only crash, since an ounce of gold as last
week's wages now only buys two loaves of bread.

__________

The bizarre push on reloadable designer debit cards
should be enough. You see, it's no longer safe to walk the streets in
this open border melee with money in your pockets, and when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.
__________

What can't be far from reality? *Plastic? *Money? *Do you get out much?

The poster is referring to Visa's latest advertising blitz, wherein
various situations are shown with happy little consumers dancing
their way in and out of checkout lines while using credit cards,
but when a customer tries to pay with cash, the frolicking and
music screeches to a halt and everyone scowls at the bearer
of legal tender.

The message is clear: Visa wants people to use credit cards
more. *OK, no problem. *They have a right to advertise their
service. *The unstated message is also as clear: only oafish
buffoons with poor fashion sense use cash anymore.

The disappearance of all cash, from coins to bills to Twonies,
is not far from becoming a reality. *In a decade, the "collectible"
money will be just what the poster says: designer credit cards
and commemorative debit cards, issued only at special events
like sports or concerts... and eventually at coin/stamp shows.

Face it: the people who make decisions in tall buildings have
decided bills and coins are not of value to them, if they cannot
charge a fee or a yearly usage charge on them. *The nature of
money itself is changing under our noses, and the days of
currency are soon to end.

The positive for us is that when coinage is discontinued then
all coins become "collectors' items". *We will see a brief bump
in value for our collections, for about 20 years. *After that, the
hobby will become rarified as young people are not newly drawn
into the hobby by regular daily interaction with metal coins.

When that happens, coin collecting will become the domain
of museums and wealthy enthusiasts. *The values for any
non-key coin below MS65 will drop through the basement.
Most will be melted to make piping and wiring, or ingots for
the more valuable metals.

Yes, the prospect sickens. *But that's clearly the future of
money, as clear as an unmuddied lake to anyone who has
their eyes open today.

SL

No, I think you are missing the point on those Visa commercials. They are
wanting you to use their Visa check card, NOT a credit card. Another words,
they want you to spend YOUR money, and not charge stuff and use theirs there
credit.- Hide quoted text -

I think you missed the point.
Visa makes more money on its credit card purchases than from debit
card.

"RF" wrote in message
...
On Jan 14, 9:18 pm, "PC" wrote:
wrote:
when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.

Oh man, I just bristle at those VISA commercials where they make it look
like you are violating you basic civic duty by using cash.

Especially the one where all those trendy urban types are dancing like
robots to feed the great god Visa.


It appears they want to encourage you to pay for every trivial purchase
with a VISA card, hoping there will be a large enough balance that you won't
pay it off every month. Just imagine the seconds you might save for more
important things each time you use their swipe card. Plus, you'll be one of
the in-crowd. Clever *******s.

On Mon, 14 Jan 2008 20:18:57 -0600, "PC"
wrote:

wrote:

when commercial
entities are openly demonizing it on national television in favor of
plastic cards, you know it can't be far from reality.

Oh man, I just bristle at those VISA commercials where they make it look
like you are violating you basic civic duty by using cash.

I see it as a basic violation of truth in advertising laws. We all
know that plastic transactions are never all that fast. Even on the
best of days, you have to wait for people to figure out, first, that
they actually have to slide their card in the machine. Then, which way
do you put the card in? No, not that way! Stripe down -- no, the other
way. No!, the *other* way! What stripe are you talking about? Oh,
that? Which way does it go again?

And then, once they've got the card swiped, the mental gymnastics
begin again: what do you mean, "credit" or "atm"? This is a check
card. That's OK. Can I use either? Yes. Oh, no! I wanted cash back,
but I pushed credit. Can I start over? Sure. Just swipe your card,
stripe down. Wait a minute. What do you mean stripe down?

And we haven't even gotten to the multiple yes/no questions asked at
the end of the transaction to confirm that you actually want cash back
and accept the total price!

Sheesh. Sometimes its aggravating enough you just want to throw some
money at the cashier and tell the idiot not to bother using his card
for a dollar-ninety-eight purchase until he learns how to use it!

Padraic

--
Posted via a free Usenet account from http://www.teranews.com

Bruce Remick wrote:

It appears they want to encourage you to pay for every trivial
purchase with a VISA card, hoping there will be a large enough
balance that you won't pay it off every month. Just imagine the
seconds you might save for more important things each time you use
their swipe card. Plus, you'll be one of the in-crowd. Clever
*******s.

Here's what rankles me: I know this line of advertising is going to work;
especially with the 20 something crowd.

"PC" wrote in message
...
Bruce Remick wrote:

It appears they want to encourage you to pay for every trivial
purchase with a VISA card, hoping there will be a large enough
balance that you won't pay it off every month. Just imagine the
seconds you might save for more important things each time you use
their swipe card. Plus, you'll be one of the in-crowd. Clever
*******s.

Here's what rankles me: I know this line of advertising is going to work;
especially with the 20 something crowd.


I know for the last 50 years I haven't been able to make the kind of moves
those customers make in the VISA commercials. And 50 years ago, anyone who
contorted and pranced around like that in a store would have had the manager
calling the buckle-jacket squad out of mercy. But you're right. The ad
folks knows how to reach the age group that seems to matter. Us pre-baby
boomers have never appeared on any charts anyway.

Bruce