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#1
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Smart people stop using cent coins
http://www.expatica.com/index.asp?pa...&item_id=35383
How about the USA? -Fred Shecter -- ""Remove "zorch" from address (2 places) to reply. |
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#2
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http://www.expatica.com/index.asp?pa...&item_id=35383 How about the USA? -Fred Shecter -- ""Remove "zorch" from address (2 places) to reply. I think most people already have stopped using them. They get them in change and dump them into a little box or can on a desk until it is full and them take them to Coinstar or the bank. The govt. keeps making them but not many people really use them on a daily basis. |
#3
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"Fred Shecter" wrote in message ...
http://www.expatica.com/index.asp?pa...&item_id=35383 How about the USA? Having 8 different denominations in circulation is just one of the things that makes numismatic life in Europe so much fun. In the US we only have 4 [in practice] and you want to reduce that to 3? Why not go for 1, since the quarter is the only really useful one anyway. Of course it might be argued that the whole US monetary system, coins and notes, is so incredibly boring and unimaginative that it can't get any worse anyway, can it? Well, so I thought until spaghetti hair came along.... |
#4
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Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get any worse anyway, can it? Well, so I thought until spaghetti hair came along.... You ever listened to corporate run radio stations playing the lite rock format? It is more boring and unimaginative that any US coin denominaton, design and spaghetti hair put together. hair and |
#5
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Of course it might be argued that the whole US monetary system, coins
and notes, is so incredibly boring and unimaginative that it can't get any worse anyway, can it? Well, so I thought until spaghetti hair came along.... Many economists believe that our(US) monetary system is A (not the, but A) strong factor that allows our country to strive as it does. Yup, George gives us credit just with his profile. If you don't believe me go abroad and start buying things with the US dollar. The reaction I've received spending it makes me a firm believer in this theory. If it ain't broke.... I agree our coins are somewhat conservative in design, ok very conservative...but if the shrinks are correct about the power and strength represented in our designs then I say leave it alone. Strike US commems all you want, but I hope they never change the face of US money. "Serenus Zeitblom" wrote in message om... "Fred Shecter" wrote in message ... http://www.expatica.com/index.asp?pa...&item_id=35383 How about the USA? Having 8 different denominations in circulation is just one of the things that makes numismatic life in Europe so much fun. In the US we only have 4 [in practice] and you want to reduce that to 3? Why not go for 1, since the quarter is the only really useful one anyway. Of course it might be argued that the whole US monetary system, coins and notes, is so incredibly boring and unimaginative that it can't get any worse anyway, can it? Well, so I thought until spaghetti hair came along.... |
#6
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From: "Fred Shecter"
http://www.expatica.com/index.asp?pad=2,18,&item_id=35383 How about the USA? Didja notice the idea was to round "up" on all items? Won't work here. If the retailers round all totals up to the next nickel, they'll gain complaints and lose customers. Then the next wave of popular 'fad ads' would be: "We Don't Stiff OUR Customers By Rounding" Now, if all merchants rounded "down", then you might have a chance. BUT then, some corporate flunky will tell the bosses how many thousands of dollars in revenue they're losing by down-rounding, and that will be that. 8-/ Coin Saver |
#7
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Coin Saver wrote:
Won't work here. If the retailers round all totals up to the next nickel, they'll gain complaints and lose customers. Then the next wave of popular 'fad ads' would be: "We Don't Stiff OUR Customers By Rounding" Well, it worked just fine in the Netherlands for 20 years or so. Total amounts ending in 8, 9, 1, or 2 were rounded up or down (!) to 0, amounts ending in 3, 4, 6 or 7 were rounded up or down to 5. In other countries total amounts are rounded a well; in Denmark, for example, the smallest coin is the 25 øre piece, so cash payments (totals) are rounded up or down to multiples of 0.25 DKK. What is new about the situation in Finland (and maybe in the Netherlands, provided that the test works out OK) is that there still are 1 and 2 cent coins, legal tender anywhere in Euroland, but not required for cash payments in the countries which have such rounding regulations. The Finnish mint does make a few of those pieces, even though the production costs exceed the face value. But since they are not necessary for everyday use, the number is quite limited ... Christian |
#8
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Let the newsgroup scroll proclaim that (JSTONE9352)
scribed upon its pages in news:20031031173325.06825.00000038@mb- m23.aol.com: .. The govt. keeps making them but not many people really use them on a daily basis. As a merchant, I use them every day, making change. Many people really do use them on a regular basis. -- Allen McBroom www.NPSTKD.com Remove WOOF when replying by email |
#9
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I rarely use cash at all, so cent usage is even rarer. My guess is that the
cent will probably go away, along with most forms of cash transactions as people get more used to a cashless society. I would not be surprised if in 20 years cash was just abolished all together as people just stop using it. "Allen McBroom" wrote in message . 97.132... Let the newsgroup scroll proclaim that (JSTONE9352) scribed upon its pages in news:20031031173325.06825.00000038@mb- m23.aol.com: . The govt. keeps making them but not many people really use them on a daily basis. As a merchant, I use them every day, making change. Many people really do use them on a regular basis. -- Allen McBroom www.NPSTKD.com Remove WOOF when replying by email |
#10
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The govt. keeps making them
but not many people really use them on a daily basis. As a merchant, I use them every day, making change. Many people really do use them on a regular basis. You missed the point. For most people its a one way trip from the merchant into a jar or can at home and when it is full a trip to the bank or coinstar. |
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