paper dollar

"Bremick" wrote in :


"Paul Ciszek" wrote in message

I recall predictions of how the half dollar would become more popular
and practical as the spending utility of nickels and dimes decreased.


That won't happen till we start rounding to the nearest quarter and get rid
of cents nickels and dimes.

Even then, I'm not so sure people will start using half dollars like they
used to before Kennedy was shot.



Barney

"Some Guy" wrote in :

"Bremick" wrote in message
...

I recall predictions of how the half dollar would become more popular
and practical as the spending utility of nickels and dimes decreased.
Many people, government included, assume they can envision future
attitudes accurately without the need for a comprehensive study.

The half dollar has been abandoned by the public and the Mint.
Back in the 50's and 60's, they remained in common use,
It seems as soon as silver was finally removed from them, the public
lost interest in them.

It was after Kennedy was shot and they put him onto the half dollar.
People simply started collecting the half dollar coin AND with the switch
from mostly silver...the combination of events pretty much eliminated the
use of the half dollar.


Barney

"Barney" wrote in message
...
"Some Guy" wrote in :

"Bremick" wrote in message
...

I recall predictions of how the half dollar would become more popular
and practical as the spending utility of nickels and dimes decreased.
Many people, government included, assume they can envision future
attitudes accurately without the need for a comprehensive study.

The half dollar has been abandoned by the public and the Mint.
Back in the 50's and 60's, they remained in common use,
It seems as soon as silver was finally removed from them, the public
lost interest in them.

It was after Kennedy was shot and they put him onto the half dollar.
People simply started collecting the half dollar coin AND with the switch
from mostly silver...the combination of events pretty much eliminated the
use of the half dollar.

So why didn't the removal of silver affect use of the quarter, too? I
recall some people maybe saving one example of a Kennedy half, but not
enough to cause it to suddenly stop being used after over 150 years. I can
only think it started with merchants who gradually stopped handing them out
in change, but I didn't realize it was happening until after the half had
essentially disappeared from our lives.

"Barney" wrote in message
. ..
"Bremick" wrote in :


"Paul Ciszek" wrote in message

I recall predictions of how the half dollar would become more popular
and practical as the spending utility of nickels and dimes decreased.


That won't happen till we start rounding to the nearest quarter and get
rid
of cents nickels and dimes.

Even then, I'm not so sure people will start using half dollars like they
used to before Kennedy was shot.

Most people alive today never experienced Kennedy's presidency. I don't
believe his assasination has anything to do with the half not being used
today. Remember, Lincoln was assasinated, too.

"Barney" wrote in message
...
"Some Guy" wrote in :

When piggy's tummy gets full, he and I take a trip to the CoinStar
machine to get folding money.
Piggy seems to like the attention he gets from the cashiers in the
supermarket where the CoinStar is located.


Coinstar really likes the attention of your coins to the tune of 10%.

The machine I use takes 2.5% - it's not a CoinStar brand coin return machine
though and I suspect the supermarket subsidizes it to get customers into the
store.

On Oct 1, 8:11*am, "Bremick" wrote:
"Frank Galikanokus" wrote in message

...





Bremick wrote:

"Frank Galikanokus" wrote in message
...
Bremick wrote:

""Roßert G. Schaffrath"" wrote in message
...
On 9/27/2011 8:47 PM, dlhii wrote:
Trying to get the coin dollars used -
http://blogs.marke****ch.com/thetell...e-to-phase-out...

I spent three Presibux today at the grocery store (plus higher
denomination paper money). *The dollar coins were immediately
quarantined
in the cash drawer to a special holding area. *They are not going
back
into circulation again but back to the bank I am sure.

As long as we have both bills and coins available, the only key to
getting
dollar coins in peoples' hands is for the majority of merchants to
begin
giving them out in change. *I would bet that 95% of the dollar bills
in
people's wallets came to them as change. *As long as most merchants
have
no
incentive to handle both the bills and coins, they typically will
handle
only dollar bills and will put any stray dollar coins aside in the
cash
drawer as a pesky nuisance. *Meanwhile the stockpile of mandated
dollar
coins will continue to grow, along with the cost of minting, shipping,
and
storing them, while coin advocates stick to their decades-long rant
about
how much money can be saved by eliminating the dollar bill. *It's a
losing
battle.

Stop printing paper dollars and the issue will be solved.

JAM

There wasn't an issue at all until it became public how many dollar coins
were being minted each year for decades with no place for most of them to
go
except into new warehouses. *Too late to save that lost money now. *No
doubt
things could have been different had coin production waited until it was
FIRST decided to eliminate $1 bill production. *But continuing to produce
billions of un-needed dollar coins with no plan on the horizon to
eliminate
the dollar bill seems like the typical government planning process to me.

typical government planning process you bet! Politics overriding common
sense.

And if we DID ever stop printing dollar bills, who's to say that
production
of twos and fives wouldn't be increased to fill the demand void, eating
up
any savings from dropping the $1 bill and with no automatic change in
commercial or public attitudes toward $1 coins? * I doubt there have been
any human factors studies undertaken by the government to examine this
possibility. *Or maybe there have and that's why there has been no rush
to
drop the $1 bill.

Public attitude? 99.9% of the public doesn't even know they exist.

Been to Canada lately? Dollar and two Dollar coins are not an issue.

JAM

My point was that there's no public "issue" here in the US either with our
dollar status quo, except maybe among cub reporters and activists. *I agree
that most people here aren't aware that dollar coins are being minted, nor
why. * Residents of both US and Canada appear to be comfortable with their
own way of doing things.- Hide quoted text -

- Show quoted text -

Well, in Canada I think you could make the case that the Ottawa
bureaucrats mandated the "change" (literally) on a populace that
probably would have prefered to keep their paper dollar banknotes.
Canada has a stronger tradition (inherited from their Colonial past)
of citizens readily conforming to authority. Of course, the British
bureaucrats that established and then ran Canada (until the 1920s/
1930s) were rather competent and they instilled a lot of respect for
decisions from Ottawa (at least until they got Canada involved in WWI,
when the old obedience went out the window).

Here in America, we have traditionally done things a bit differently,
and the proles are traditionally a bit more restless about many
government mandates. Over ninety-five percent of the American people
want to keep using paper dollar notes (were they to think about the
subject at all). Congress knows this and thus it has repeatedly told
the BEP not to mess with the dollar bill.

It needs to be said: People like the cent, nickel, dime, quarter, one
dollar bill, five dollar bill, ten dollar bill, twenty dollar bill,
fifty dollar bill and one hundred dollar bill JUST exactly the way
they have been since the 1960s and the way they are right now.
Anybody claiming otherwise is delusional.

The U.S. goldine dollar coins are just political sop to the States
where the metal is mined and States where the strip is produced.
Another period, amen and end of subject.

oly

"Some Guy" wrote in message
...

"Barney" wrote in message
...
"Some Guy" wrote in :

When piggy's tummy gets full, he and I take a trip to the CoinStar
machine to get folding money.
Piggy seems to like the attention he gets from the cashiers in the
supermarket where the CoinStar is located.


Coinstar really likes the attention of your coins to the tune of 10%.

The machine I use takes 2.5% - it's not a CoinStar brand coin return
machine though and I suspect the supermarket subsidizes it to get
customers into the store.

My bank takes my dump of mixed coins for free-- pennies included, as long as
I deposit the results.

In article ,
oly wrote:

It needs to be said: People like the cent, nickel, dime, quarter, one
dollar bill, five dollar bill, ten dollar bill, twenty dollar bill,
fifty dollar bill and one hundred dollar bill JUST exactly the way
they have been since the 1960s and the way they are right now.
Anybody claiming otherwise is delusional.

Oh, I don't questioni that people prefer them. A lot of people would
prefer that their coins be made of precious metals, and that the dollar
be backed by gold at eighteenth century level. It ain't gonna happen,
no matter how much people would like it.

The cost of printing paper dollars divided by the lifetime of those
paper dollars yields a higher replacement cost per year than the same
calculation for the minting price and lifetime of dollar coins. Anyone
who claims otherwise can't do math.

--
"Remember when teachers, public employees, Planned Parenthood, NPR and PBS
crashed the stock market, wiped out half of our 401Ks, took trillions in
TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in
bonuses, and paid no taxes? Yeah, me neither."

"Bremick" wrote in :

So why didn't the removal of silver affect use of the quarter, too? I
recall some people maybe saving one example of a Kennedy half, but not
enough to cause it to suddenly stop being used after over 150 years.
I can only think it started with merchants who gradually stopped
handing them out in change, but I didn't realize it was happening
until after the half had essentially disappeared from our lives.

The quarter had Washington on it before and after the silver.

The half didn't have Kennedy on it till after being shot and still had more
silver in the coin than the others...so that made it attractive to hold on
to even for non collectors.

The rest of the silver was not removed till 1970, by that time it was
pretty much finished.



Barney