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Senators again try to replace dollar bill with coin
Here we go again, smoke and no fire
Senators again try to replace dollar bill with coin http://tinyurl.com/kp9f9w2 -- Civis Romanus Sum |
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Senators again try to replace dollar bill with coin
On Tue, 23 Jul 2013 10:28:47 -0400, Jim_Higgins
wrote: Here we go again, smoke and no fire Senators again try to replace dollar bill with coin http://tinyurl.com/kp9f9w2 It might work, but the One Dollar bill would have to be withdrawn from circulation and replaced with Two Dollar bills or maybe a new Three Dollar bill. (of course that would require rethinking the phrase "as queer as a Three Dollar bill".) |
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Senators again try to replace dollar bill with coin
Flaco wrote:
On Tue, 23 Jul 2013 10:28:47 -0400, Jim_Higgins wrote: Here we go again, smoke and no fire Senators again try to replace dollar bill with coin http://tinyurl.com/kp9f9w2 It might work, but the One Dollar bill would have to be withdrawn from circulation and replaced with Two Dollar bills or maybe a new Three Dollar bill. (of course that would require rethinking the phrase "as queer as a Three Dollar bill".) Our congress doesn't get much done these days. I don't see this situation changing any time soon. A do nothing congress ain't gonna do this. JAM |
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Senators again try to replace dollar bill with coin
Jim_Higgins wrote:
Here we go again, smoke and no fire Senators again try to replace dollar bill with coin http://tinyurl.com/kp9f9w2 This will be opposed by the vending machine lobby on the grounds of expense, and by those stuck in the past generally. In the longer term there would be clear savings to the treasury; printing $1 banknotes that wear out quickly (a few weeks?) is expensive. The UK had the same initial resistance in 1983 when the pound note was replaced by the pound coin. But now no one would want to go back, and there is a standard £2 coin as well. And believe it or not, there are criminal gangs engaged in forging £1 coins on a large scale (perhaps 2% of coins circulating are fakes). These can only be detected by close visual inspection or when they fail to register through a vending machine. The US needs a good $ coin design if it is to succeed this time. Certainly not anything that is the size of a quarter. -- Mike Dworetsky (Remove pants sp*mbl*ck to reply) |
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Senators again try to replace dollar bill with coin
Mike Dworetsky wrote:
Jim_Higgins wrote: Here we go again, smoke and no fire Senators again try to replace dollar bill with coin http://tinyurl.com/kp9f9w2 This will be opposed by the vending machine lobby on the grounds of expense, and by those stuck in the past generally. In the longer term there would be clear savings to the treasury; printing $1 banknotes that wear out quickly (a few weeks?) is expensive. Vending machines already take $1 coins. The UK had the same initial resistance in 1983 when the pound note was replaced by the pound coin. But now no one would want to go back, and there is a standard £2 coin as well. And believe it or not, there are criminal gangs engaged in forging £1 coins on a large scale (perhaps 2% of coins circulating are fakes). These can only be detected by close visual inspection or when they fail to register through a vending machine. The US needs a good $ coin design if it is to succeed this time. Certainly not anything that is the size of a quarter. -- Mike Dworetsky (Remove pants sp*mbl*ck to reply) |
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Senators again try to replace dollar bill with coin
Flaco Old_Fart@Home wrote in news:a1fuu8h70b2rjjeqqfa9lpngsn0r3j0f34@
4ax.com: It might work, but the One Dollar bill would have to be withdrawn from circulation and replaced with Two Dollar bills or maybe a new Three Dollar bill. Yes, the printing of dollar bills would need to stop and they will be gone within 1.5 to 2 years. No, replacing any cotton rag bill in the form of a $2 or $3 dollar bill is not the answer. For any coin to replace a cotton rag of the same denomination, that's the only way the coin will take hold like it did in Canada. In fact, they need to stop printing $1 and $2 dollar bills to be replaced by the $1 and $2 dollar coin. The cent needs to be withdrawn and I would argue so does the nickle. And by the way, it almost costs 10 cents to make a dime. When it costs more to make a dime, the minting of that coin should stop too. Barney |
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Senators again try to replace dollar bill with coin
Frank Galikanokus wrote in
: Our congress doesn't get much done these days. I don't see this situation changing any time soon. A do nothing congress ain't gonna do this. JAM I agree. However, they need to take a stronghold of this situation and do the right thing to stop wasting money. Barney |
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Senators again try to replace dollar bill with coin
"Mike Dworetsky" wrote in
: This will be opposed by the vending machine lobby on the grounds of expense, and by those stuck in the past generally. Why? Most vending machines have been set up to accept dollar coins for years since the late 70s. And most noticeably since the year 2000. In fact, coins work faster when compaired to cotton notes for the consumer and have less issues when it comes to the equipment accepting payment. there would be clear savings to the treasury; printing $1 banknotes that wear out quickly (a few weeks?) is expensive. One dollar bills typically last about 1.5 years. The UK had the same initial resistance in 1983 when the pound note was replaced by the pound coin. But now no one would want to go back, and there is a standard £2 coin as well. This is my main point. Americans will grip for a while and then move on with their lives. The same thing happened in Canada. The US needs a good $ coin design if it is to succeed this time. Certainly not anything that is the size of a quarter. There's nothing wrong with the design. Have you ever had a issue determining the difference between a cent and dime? I didn't think so. In fact, the cent and dime are closer in size when compaired to the quarter and dollar coin. It is the Susan B Anthony that's the issue since it's the same color as a quarter and also feels the same on the edge. The Susan B Anthony dollar is the one that needs to be withdrawn. It's possible with optical sorters, but again, Congress needs to act. Barney |
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Senators again try to replace dollar bill with coin
In article , Barney wrote: "Mike Dworetsky" wrote in : This will be opposed by the vending machine lobby on the grounds of expense, and by those stuck in the past generally. Why? Most vending machines have been set up to accept dollar coins for years since the late 70s. And most noticeably since the year 2000. I have made a practice of obtaining rolls of dollar coins from my bank and putting them into circulation. (What can I say? I have a thing for lost causes. Anyone know where I can get a tape measure marked in both inches and centimeters?) At one place I worked, I was using dollar coins in the vending machines, which had no trouble recognizing them. One day I find that an insert had been installed in the coin slot to prevent anything larger than a quarter from being used. It was the same machine, just modded to no longer accept dollar coins. I no longer offer to accept dollar coins in change, as it confuses the heck out of cashiers. The think I am asking for change for a dollar. Some of the rolls will contain a few SBA's. Durring Girl Scout cookie season, I try to use whatever SBA and Sacajawea dollars I have on hand to purchase cookies. -- Please reply to: |"We establish no religion in this country, we command pciszek at panix | no worship, we mandate no belief, nor will we ever. dot com | Church and state are, and must remain, separate." Autoreply disabled | --Ronald Reagan, October 26, 1984 |
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Senators again try to replace dollar bill with coin
On 7/14/2014 5:45 PM, Paul Ciszek wrote:
Snip Anyone know where I can get a tape measure marked in both inches and centimeters? Assuming you're serious, here's one that looks like it's in both inches and centimeters: http://www.amazon.com/Stanley-33-158.../dp/B00002X2GG |
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