If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
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. |
Ads |
#2
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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 |
#3
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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. |
#4
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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 |
#5
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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 |
#6
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
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) |
#7
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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. |
#8
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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 |
#9
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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. |
#10
|
|||
|
|||
Dollar Coin - US vs Australia vs Rest of the World
"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 |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Washington dollar rolls in Coin World | Bob F. | Coins | 3 | March 2nd 07 02:16 AM |
PCGS graded 1797 Half Dollar..... the rest of the story | Ira | Coins | 41 | May 6th 06 08:19 PM |
Woman looks for rest of stolen coin collection | stonej | Coins | 1 | December 28th 05 02:49 PM |
Presidential circulating dollar article in Coin World | Russell | Coins | 14 | April 9th 04 04:54 PM |
Americans are better Marketers than the Rest of the World | Jorg Lueke | Coins | 17 | October 18th 03 10:37 AM |