Ive decided...

[Easy]

........That I like coin more than paper. Seriously, I would love it if they brought back large denomination coin. 20, 50 , 100 dollar coins.. Like the old days.. That would be cool! Ok, ill admit i dont think they every had 50 or 100 coin i dont even know, but it would still be cool and a heck of a lot better than crappy paper.....what do you think?

 

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[Treasure_Hunter]

I would L-O-V-E to see $2.00, $5.00, $10.00 & $20.00 coins, sure would make detecting more interesting......Get rid of pennies......

 

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[Diver_Down]

Yes But even though they are labeled as Legal tender you cannot take one to the bank & get $50.00 for one.
Not that it would be a Bright thing to do, they are not produced for circulation

Jeff- you should know better. You can indeed take it to a bank and get $50 for one. It wouldn't be a good idea to do so, but us CRH'ers have found Morgan, Peace, and ASE dollars for just a buck.

 

[Rushfan]

Yeah, small denomination coins work well in the UK and Europe... I kinda dig using the £2,00 coins, and the Euro coins. Dollar coins here seem like a novelty, something to save, and not for general circulation. I know some of you are doing your best to change that.... Not sure if the idea of dollar coins are going to "catch on" until the paper dollar is banished...

 

[Virgil]

I wouldn't mind carrying coin, honestly, but what's the difference between carrying some crappy coin made out of a base metal the government says is worth $20 and a piece of fancy cotton paper the government says is worth $20? The coin will last longer, but the underlying fact is that each are equally worthless to me, aside from the government's increasingly-spurious promise of it's worth. Bring back circulation silver and gold coinage and now we're talking - intrinsic value FTW, hehe

 

[Rushfan]

Speaking of gold coins... Not sure about this Mark Dice guy or his views (disclaimer over), but some of the responses are hilarious. Win a free gold coin! Just give the gold spot price, give or take 25%. You know he didn't ask a CRH'er...

 

[jeff of pa]

I wouldn't mind carrying coin, honestly, but what's the difference between carrying some crappy coin made out of a base metal the government says is worth $20 and a piece of fancy cotton paper the government says is worth $20? The coin will last longer, but the underlying fact is that each are equally worthless to me, aside from the government's increasingly-spurious promise of it's worth. Bring back circulation silver and gold coinage and now we're talking - intrinsic value FTW, hehe

problems if they minted a circulating gold coin today they would make a $20.00 gold coin so thin & Tiny it would have a weight value of 10 cents, and still they would not be circulated beyond the coin role hunters who would hoard them

 

[Diver_Down]

I wouldn't mind carrying coin, honestly, but what's the difference between carrying some crappy coin made out of a base metal the government says is worth $20 and a piece of fancy cotton paper the government says is worth $20? The coin will last longer, but the underlying fact is that each are equally worthless to me, aside from the government's increasingly-spurious promise of it's worth. Bring back circulation silver and gold coinage and now we're talking - intrinsic value FTW, hehe

The fundamental argument for use of coin is that it will indeed last longer, and it is cheaper to produce. The average life span of a coin is calculated to be 20-30 years. Whereas the FRN is pegged at 3-5 years. The cost to process/destroy/produce more FRNs is a burden the taxpayer shouldn't have to shoulder when there is a perfectly good coin that has the same function. The Mint actually makes the government money in the difference between the cost of production versus the face value that the Federal Reserve is obligated to pay for the coin. This is called Seigniorage. For everyone that complains about wasting taxpayer dollars, but obstinately continues to use FRNs when an equal denomination coin is available has no legitimate complaint.

Obviously, the above argument only pertains to coins produced for circulation which has a corresponding FRN denomination.

 

[Easy]

It's not that far fetched..... For realz. For most people it would definitely work. Most people carry a couple hundred bucks in cash IF THAT. You say it would make your pants sag? I say poppycock...
Lets say I want to carry 500 bucks. Ok , so I have 5 100 dollar coins in my pocket. Big deal. Obviously at some point you will have to break the large denomination coins but as long as you have 1,2.5,5,10,20 and 50 coins it all good.
Obviously nobody wants a big pile of coins in there pocket but for most people it would be no different. If I have a bunch of small denomination bills ( say like 10-20 ) paper bills it can also be cumbersome or annoying to carry and I will always look to unload them or exchange for larger denomination. Coin would be no different.

 

[sack0silver]

Terrible idea, I will rob you for your money sack.

 

[jeff of pa]

It's not that far fetched..... For realz. For most people it would definitely work. Most people carry a couple hundred bucks in cash IF THAT. You say it would make your pants sag? I say poppycock...
Lets say I want to carry 500 bucks. Ok , so I have 5 100 dollar coins in my pocket. Big deal. Obviously at some point you will have to break the large denomination coins but as long as you have 1,2.5,5,10,20 and 50 coins it all good.
Obviously nobody wants a big pile of coins in there pocket but for most people it would be no different. If I have a bunch of small denomination bills ( say like 10-20 ) paper bills it can also be cumbersome or annoying to carry and I will always look to unload them or exchange for larger denomination. Coin would be no different.

Today on my way home I stopped at the Dollar store.
there was a Little old Lady with her Face in a coin purse
picking coins out & putting them 6" from her face at the counter.
(she's Probably still used to Indian head cents, Barber dimes & V Nickels)
took her what seemed like forever to count out the correct change,
then, when she finally got it, she had to discuss her life with the Cashier
before looking in her Purse for the right compartment to stuff the coin purse In,
then look for her bag of stuff she just bought & Waddle out the door.

Imagine Christmas Lines at Wally Mart, while everyone with Bad eyes & Slow reaction time, count out their change ahead of You

Have Fun

 

[sheepdog_tx]

You can buy these, theyre called eagles all be it it doesn't make much sense. But if you want to be able to buy even up to a $100 face coin (1oz plat eagle) you have that option.

 

[mercury1]

Yes But even though they are labeled as Legal tender you cannot take one to the bank & get $50.00 for one.
Not that it would be a Bright thing to do, they are not produced for circulation

But you can bring one ( or more ) to me and get $50 per.

 

[Dihren]

Terrible idea, I will rob you for your money sack.

Well yah but look at your picture. Your a pirate!

 

[boristhespider88]

Well yah but look at your picture. Your a pirate!

No, he's Michael Bolton in a pirate hat. I don't think Michael Bolton would steal a change purse.

 

[Senor]

Casinos have demonstrated that high denomination coinage is possible and useful.

The problem is the U.S. government will not put more than a $100 item in circulation as it would be too convenient.

Twelve years ago when I was there Canada had no problem with the $1,000 bill. I don't know if the situation is the same now or not.

 

[Easy]

Casinos have demonstrated that high denomination coinage is possible and useful.

The problem is the U.S. government will not put more than a $100 item in circulation as it would be too convenient.

Twelve years ago when I was there Canada had no problem with the $1,000 bill. I don't know if the situation is the same now or not.

I never thought of that. Casino chips get more abuse then any circulation coinage ever would and those work very well. Think about how nice the 100 dollar denomination chips feel in your pocket? Shoot 25's for that matter..

 

[sagittarius98]

Twelve years ago when I was there Canada had no problem with the $1,000 bill. I don't know if the situation is the same now or not.

They have been withdrawn from circulation, and any that banks get are to be shredded (similar to a $500+ bill in the US).

 

[sagittarius98]

Yeah, small denomination coins work well in the UK and Europe... I kinda dig using the £2,00 coins, and the Euro coins. Dollar coins here seem like a novelty, something to save, and not for general circulation. I know some of you are doing your best to change that.... Not sure if the idea of dollar coins are going to "catch on" until the paper dollar is banished...

Here, everyone complains about a heavy dollar coin. Just go to the UK and use their pound coin. Does anyone complain? NO! In fact, it's kind of a symbol for the UK. No one complains because the bill was phased out in all of the UK in the early 1980s and demonetized (everywhere but Scotland, where it was printed until 2001).