Dollar Coin - US vs Australia vs Rest of the World

Having been in Australia for almost a month now I have had many the
opportunities to use their 1 and 2 dollar coins. I really like the 2 dollar
coins since they are small, you can carry a lot, and have a good buying
power to weight ratio.

When in Europe I find it useful to have one and two Euro coins because,
well, they are useful.

It occurred to me in doing a comparison that everywhere I know of where a 1
dollar/euro coin has worked there is also a 2 dollar/euro coin. This is
true of Canada, Australia, and Euro countries.

I assume, and have not verified, that one dollar/eruo bills were eliminated
when the coins were introduced. I am pretty sure this is true of Canada and
Europe but do not know if that holds for Australia.

Anyway one thing that may help the acceptance of the dollar coin in the
United States is to start circulating a two dollar coin. Just my ?2 on the
matter.

"PC" wrote in message
...
Having been in Australia for almost a month now I have had many the
opportunities to use their 1 and 2 dollar coins. I really like the 2
dollar coins since they are small, you can carry a lot, and have a good
buying power to weight ratio.

When in Europe I find it useful to have one and two Euro coins because,
well, they are useful.

It occurred to me in doing a comparison that everywhere I know of where a
1 dollar/euro coin has worked there is also a 2 dollar/euro coin. This is
true of Canada, Australia, and Euro countries.

I assume, and have not verified, that one dollar/eruo bills were
eliminated when the coins were introduced. I am pretty sure this is true
of Canada and Europe but do not know if that holds for Australia.

Anyway one thing that may help the acceptance of the dollar coin in the
United States is to start circulating a two dollar coin. Just my ?2 on
the matter.
You are correct. The one and two dollar Australian paper notes were
discontinued when the coins were issued. The dollar coin was introduced in
1984 and the two dollar coin in 1988.

I was amazed to learn that in 1914-1924 Australia issued £1000 notes. I
think each note would have bought a few houses! Our largest note now is
$100. What is the US largest note?

Regards
Doug

"The Old Bloke" wrote in message
...

You are correct. The one and two dollar Australian paper notes were
discontinued when the coins were issued. The dollar coin was introduced
in 1984 and the two dollar coin in 1988.


OK so the effect of having 2 dollar coins is unknown because in every case I
mentioned the bills were also removed.

I was amazed to learn that in 1914-1924 Australia issued £1000 notes. I
think each note would have bought a few houses! Our largest note now is
$100. What is the US largest note?


Currently $100 is the largest with Ben Franklin on the face.

"PC" wrote in message
...

"The Old Bloke" wrote in message
...

You are correct. The one and two dollar Australian paper notes were
discontinued when the coins were issued. The dollar coin was introduced
in 1984 and the two dollar coin in 1988.


OK so the effect of having 2 dollar coins is unknown because in every case
I mentioned the bills were also removed.

I was amazed to learn that in 1914-1924 Australia issued £1000 notes. I
think each note would have bought a few houses! Our largest note now is
$100. What is the US largest note?


Currently $100 is the largest with Ben Franklin on the face.
Thanks

"The Old Bloke" wrote in message
...

"PC" wrote in message
...
Having been in Australia for almost a month now I have had many the
opportunities to use their 1 and 2 dollar coins. I really like the 2
dollar coins since they are small, you can carry a lot, and have a good
buying power to weight ratio.

When in Europe I find it useful to have one and two Euro coins because,
well, they are useful.

It occurred to me in doing a comparison that everywhere I know of where a
1 dollar/euro coin has worked there is also a 2 dollar/euro coin. This
is true of Canada, Australia, and Euro countries.

I assume, and have not verified, that one dollar/eruo bills were
eliminated when the coins were introduced. I am pretty sure this is true
of Canada and Europe but do not know if that holds for Australia.

Anyway one thing that may help the acceptance of the dollar coin in the
United States is to start circulating a two dollar coin. Just my ?2 on
the matter.
You are correct. The one and two dollar Australian paper notes were
discontinued when the coins were issued. The dollar coin was introduced
in 1984 and the two dollar coin in 1988.

I was amazed to learn that in 1914-1924 Australia issued £1000 notes. I
think each note would have bought a few houses! Our largest note now is
$100. What is the US largest note?

Regards
Doug


The Bank of England first issued £1,000 notes around 1893 - 1902, that's the
equivalent of about £78,000 now. Billy

I assume, and have not verified, that one dollar/eruo bills were
eliminated

There never exist a 1 or 2 euro note. Many countries claims for them, trying
to avoid inflation, because note looks more value of a coin, regardless you
are spending the same. In Spain, the smaller note was 1.000 pesetas, 6 euros
nowadays (Inflation apart). The lagest coin was 500 pesetas (3 euros)

"Fernando de la Cuadra" wrote in
message ...
I assume, and have not verified, that one dollar/eruo bills were
eliminated

There never exist a 1 or 2 euro note. Many countries claims for them,
trying to avoid inflation, because note looks more value of a coin,
regardless you are spending the same. In Spain, the smaller note was 1.000
pesetas, 6 euros nowadays (Inflation apart). The lagest coin was 500
pesetas (3 euros)

Well, OK yes, there never existed a 1 or 2 euro note but no doubt some
countries that made the conversion had a one or two unit bill prior to
converting. I would see that as the same thing for the purposes of this
discussion.

"PC" wrote in message
...
Having been in Australia for almost a month now I have had many the
opportunities to use their 1 and 2 dollar coins. I really like the 2
dollar coins since they are small, you can carry a lot, and have a good
buying power to weight ratio.

When in Europe I find it useful to have one and two Euro coins because,
well, they are useful.

It occurred to me in doing a comparison that everywhere I know of where a
1 dollar/euro coin has worked there is also a 2 dollar/euro coin. This is
true of Canada, Australia, and Euro countries.

I assume, and have not verified, that one dollar/eruo bills were
eliminated when the coins were introduced. I am pretty sure this is true
of Canada and Europe but do not know if that holds for Australia.

Anyway one thing that may help the acceptance of the dollar coin in the
United States is to start circulating a two dollar coin. Just my ?2 on
the matter.

It might indeed be interesting to see if a $2 coin would be readily accepted
as spending money in the US, considering that most people don't realize
there still is a paper $2 bill sort of in circulation. It probably would be
a lot less emotional to drop the $2 bill and tout the merits of a new $2
coin than it would be with the $1 denomination. Plus the $2 experience
could be used as a guideline if and when dropping the $1 bill had to be sold
to the public.

Bruce

"Bruce Remick" wrote in message
...


Anyway one thing that may help the acceptance of the dollar coin in the
United States is to start circulating a two dollar coin. Just my ?2 on
the matter.

It might indeed be interesting to see if a $2 coin would be readily
accepted as spending money in the US, considering that most people don't
realize there still is a paper $2 bill sort of in circulation. It
probably would be a lot less emotional to drop the $2 bill and tout the
merits of a new $2 coin than it would be with the $1 denomination. Plus
the $2 experience could be used as a guideline if and when dropping the $1
bill had to be sold to the public.


That is along the lines I was thinking. A 2 dollar coins would do wonders.
Somewhere between 3 and 5 would cover lunch at a lot of places. People
would suddenly realize coins have real purchasing power. Suddenly the
dollar coin may become more attractive.

"PC" wrote in message
...

"Fernando de la Cuadra" wrote in
message ...
I assume, and have not verified, that one dollar/eruo bills were
eliminated

There never exist a 1 or 2 euro note. Many countries claims for them,
trying to avoid inflation, because note looks more value of a coin,
regardless you are spending the same. In Spain, the smaller note was
1.000 pesetas, 6 euros nowadays (Inflation apart). The lagest coin was
500 pesetas (3 euros)

Well, OK yes, there never existed a 1 or 2 euro note but no doubt some
countries that made the conversion had a one or two unit bill prior to
converting. I would see that as the same thing for the purposes of this
discussion.
Australia had the $2 dollar note only because at the time of conversion from
the pound to the dollar, £1 = $2