Thread: Dollar Bills vs Dollar Coins.....

Originally Posted by Midwest Media Critics

Yesterday I was listening to the news and they began talking about the Coin Industry Putting up some hefty change(sorry the pun)to lobby Washington to go to the 1Dollar Gold Coins. Somehow someway they were saying it would be cheaper to do this. I do not see how it is more cost effective than printing money. First off the Gold Coins are not fully gold. Which means mixing in copper or zinc or nickel.

Which would you prefer? Myself, I don't ever walk around with change all in my pockets. I would be against it. I don't think women would want a heavy purse full of change.(althought it might be good to whack a purse-snatcher with)

From a pure cost perspective coins will last much longer than paper bills..so you don't have to replace them as often so money is saved from just the cost of producing and have to reproduce paper bills.

They are just talking about the one dollar coin aren't they?

Coins are more cost-effective because they last longer so do not have to be replaced as often. A bottle of coke used to cost $0.05. For those of us who grew up in the mid-20th Century the present dollar is the equivalent of a quarter or less. Is anybody here in favour of a $0.25 or $0.05 bill, because to me that's what a buck is?

Picture this. It's a windy day..you stop at street vendor to buy a snack..you take your dollar bill out of your wallet and place it on the counter..the wind blows it away..you turn to go chase the one gram bill as it flies away and while pursuing it you step in a pothole and break your ankle leading to a whole lot of pain and months of recovery.
With dollar coin that situation will not happen. It won't blow away.

Originally Posted by Midwest Media Critics

Which would you prefer? Myself, I don't ever walk around with change all in my pockets. I would be against it. I don't think women would want a heavy purse full of change.(althought it might be good to whack a purse-snatcher with)

I certainly wouldn't want to carry that around. And speaking of this, I think you guys should get rid of pennies first. I COULD NOT BUHLEE the weight of billions of tiny and essentially useless coins I'd collected just during my first couple of days in the US.