[Combined]The Return of the Dollar Coin?/Mint suspends production
Dec 14, 2011, 7:54 pm
#241
Join Date: Apr 2000
Location: Fort Myers, FL
Programs: Hilton Gold, SPG & IHG Plat, & every airline program that I can join
Posts: 2,279
It was great while it lasted, now we all need something new to obsess about, at least I do!!!
JudyJFLA
JudyJFLA
Dec 15, 2011, 1:43 am
#242
Join Date: Mar 2009
Location: GVA,OPO
Programs: BD the last decent FFP
Posts: 1,856
NPR Planet Money
NPR Planet Money has a Podcast [dated 13/12] on the subject.
http://www.npr.org/blogs/money/2011/...coins-are-done
GBM
http://www.npr.org/blogs/money/2011/...coins-are-done
GBM
Dec 15, 2011, 7:38 am
#243
A FlyerTalk Posting Legend
Join Date: Apr 2004
Location: GVA (Greater Vancouver Area)
Programs: DREAD Gold; UA 1.035MM; Bonvoy Au-197; PCC Elite+; CCC Elite+; MSC C-12; CWC Au-197; WoH Dis
Posts: 52,140
Dec 15, 2011, 8:29 am
#244
Join Date: Mar 2005
Location: Arlington, VA
Posts: 89
This was awesome while it lasted, sad to see it go.
Dec 15, 2011, 9:21 am
#246
Join Date: Jul 2006
Location: LAX
Programs: AA Lifetime Plat, HH Diamond
Posts: 283
I actually like the idea of the coins instead of dollars. The problem is the weight. Way too heavy. Ultimately we would all be paying Dr. bills down the line for back problems!
Dec 16, 2011, 8:42 am
#247
Join Date: Feb 2006
Location: DC Metro (WAS--DCA/IAD/BWI)
Programs: AA Plat 2MM, OW Sapphire, QF Bronze, Marriott Silver, Starwood Gold; National Emerald
Posts: 2,533
There are a number of strong reasons against $1 and $2 coins.
1) The $1 bill is essentially a universal symbol for money the world over. I have seen advertisements in foreign countries that use USA $1 as the money being displayed (even though they have their own currency).
2) There is a lobby for retaining George Washington on the face of the dollar, and if they switch to a dollar coin the mint will likely not continue that as he is already on the quarter.
3) It's not just some small retailers who don't want the conversion to coins, it's everyone with a cash register. There are slots for the current count of bill and coin denominations, and a change will mean everyone will have to change theirs.
4) The Bureau of Engraving and Printing wouldn't like it either as that is the majority of their printing business gone completely.
5) A lot of people don't like the coins because they end up being a heavy weight to have to carry, and set off metal detectors.
Frankly, it's not even necessary. Australia has spearheaded the move to switch paper-based bills to polymer based bills ("plastic") so they last much longer. A number of countries have followed suit as it has proven to work very well.
Steve32
1) The $1 bill is essentially a universal symbol for money the world over. I have seen advertisements in foreign countries that use USA $1 as the money being displayed (even though they have their own currency).
2) There is a lobby for retaining George Washington on the face of the dollar, and if they switch to a dollar coin the mint will likely not continue that as he is already on the quarter.
3) It's not just some small retailers who don't want the conversion to coins, it's everyone with a cash register. There are slots for the current count of bill and coin denominations, and a change will mean everyone will have to change theirs.
4) The Bureau of Engraving and Printing wouldn't like it either as that is the majority of their printing business gone completely.
5) A lot of people don't like the coins because they end up being a heavy weight to have to carry, and set off metal detectors.
Frankly, it's not even necessary. Australia has spearheaded the move to switch paper-based bills to polymer based bills ("plastic") so they last much longer. A number of countries have followed suit as it has proven to work very well.
Steve32
Dec 16, 2011, 11:32 am
#248
Join Date: Jul 2009
Location: ABQ, NM
Programs: United Mileage Plus, AAdvantage, Rapid Rewards
Posts: 26
Even though the decision to end the dollar coin won't make a real difference in my life, I am sad to see them go. I had gotten used to them through the Mint's coins-for-miles program and still use them when I can. Of course even though there are plenty still floating around out there, this means that now they're going to be hoarded even more than usual by the "if it's different, it must be worth something" crowd.
Actaully what I don't like about this decision is that it brings out the crank in me and makes me wonder if Americans freak out over using a dollar coin, how will they react when faced with a real hardship and how much of the current financial climate is down to people unwilling to adapt and change.
Actaully what I don't like about this decision is that it brings out the crank in me and makes me wonder if Americans freak out over using a dollar coin, how will they react when faced with a real hardship and how much of the current financial climate is down to people unwilling to adapt and change.
Dec 16, 2011, 12:50 pm
#249
Join Date: Apr 2005
Location: PHX
Posts: 3,796
So what did people do back in 1976? At that time, the quarter was worth the same as a $1 bill is now. Did people complain about the weight of the coins and lobby for a 25c note?
The rational thing to do is get rid of the $1 note and the 1c coin (getting rid of the penny avoids the cash drawer problem). In other words, it will never happen.
The rational thing to do is get rid of the $1 note and the 1c coin (getting rid of the penny avoids the cash drawer problem). In other words, it will never happen.
Dec 16, 2011, 2:28 pm
#250
FlyerTalk Evangelist
Join Date: Sep 2006
Location: Toledo, OH
Programs: Delta DM & MM, Hilton DM, Marriott gold, Hyatt Globalist, Alaska 75K, Wyndham Diamond,
Posts: 15,399
Even though the decision to end the dollar coin won't make a real difference in my life, I am sad to see them go. I had gotten used to them through the Mint's coins-for-miles program and still use them when I can. Of course even though there are plenty still floating around out there, this means that now they're going to be hoarded even more than usual by the "if it's different, it must be worth something" crowd.
Actaully what I don't like about this decision is that it brings out the crank in me and makes me wonder if Americans freak out over using a dollar coin, how will they react when faced with a real hardship and how much of the current financial climate is down to people unwilling to adapt and change.
Actaully what I don't like about this decision is that it brings out the crank in me and makes me wonder if Americans freak out over using a dollar coin, how will they react when faced with a real hardship and how much of the current financial climate is down to people unwilling to adapt and change.
Dec 16, 2011, 2:36 pm
#251
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
we stay the wealthiest by NOT having the coin and NOT having the metric system! See, we confuse everybody and so they spend more here lol
Dec 16, 2011, 4:56 pm
#252
FlyerTalk Evangelist
Join Date: Sep 2006
Location: Toledo, OH
Programs: Delta DM & MM, Hilton DM, Marriott gold, Hyatt Globalist, Alaska 75K, Wyndham Diamond,
Posts: 15,399
Aug 10, 2013, 10:11 am
#253
Join Date: Jul 2013
Posts: 204
resurrecting a grand time in this fine forum's history. 
Aug 10, 2013, 10:42 am
#254
Join Date: Apr 2013
Programs: UA MPE, BA Blue, AA, IHG Plat Amb, Marriot Silver, HHonors Silver, National Exec, Avis First
Posts: 553
Aug 10, 2013, 12:18 pm
#255
Original Poster
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
So now that someone has placed three X's on the tomb of Marie Laveau and this thread has risen as a zombie from the dead what new metal recycling opportunities are there?