I hope this happens: Congress looks at eliminating $1 bill [Archive] - Glock Talk

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F14Scott
11-30-2012, 14:49
http://news.yahoo.com/congress-looks-doing-away-1-bill-083418974--politics.html

I also hope they nuke the penny. Several good reasons:

1. A dollar is worth about what a quarter was when I was a kid.
Buy a Coke? Coin.
Piece of candy? Coin
Tip to the cabbie? Coin

2. Pennies are almost worthless. They cost more to make than they are worth. Much like the "thousandths of a dollar" on gas prices ($3.599 per gallon), the penny represents a fraction of a dollar (1/100) that can't buy anything. Get rid of it.

3. Eliminating both would leave us with the smallest bill in our pocket as a $5. 1/100 of that would be the nickel. And, the dollar coin would represent 1/5 of the $5, similar to how our current quarter is 1/4 of our current dollar bill.

Thus, we would be left with a similar mixture of bills and coins as thirty years ago, while eliminating the expense and hassle of circulating the smallest bill (that has the buying power of a coin) and the, almost literally, worthless penny.

alphacat
11-30-2012, 14:52
http://www.glocktalk.com/forums/showthread.php?t=1455450

Dennis in MA
11-30-2012, 14:56
Hahahaha ha. Yeah. We've never been down this road before.

Won't happen. Should, but won't.

427
11-30-2012, 14:57
It'll be awkward giving strippers coins instead of dollar bills.

Hauptmann6
11-30-2012, 14:57
No thanks, I've spent enough time in canada to hate it. Always end up with 5 pounds of change in your pocket after buying a candy bar.

If they do it, they need to bring back large scale use of the $2 bill.

F14Scott
11-30-2012, 14:57
Dammit. I searched "dollar bill" and got NOTHING.

I hate it when that happens.

woodasptim
11-30-2012, 14:59
I like the dollar coins, but fixing every cash register and point of sale software package out there to round to the nearest nickel would suck. Who carries cash any more anyway?

elsolo
11-30-2012, 15:08
Why we haven't updated our currency denominations since the 1920's is beyond me.

Glock20 10mm
11-30-2012, 15:16
It'll be awkward giving strippers coins instead of dollar bills.

Inflation, $5.00 is the new $1.00.

F14Scott
11-30-2012, 15:18
Inflation, $5.00 is the new $1.00.

I agree. My teenage kids, about to head out with friends, get slipped a $20 in the same way my old man used to give me a $5. That was worth a burger and movie or a few rounds of bowling or mini-golf. Same for $20, now.

RonS
11-30-2012, 15:34
I don't mind the coins but I tend to accumulate one dollar bills so that will be a PITA. Guess I will have to just make a point of counting out dollar coins whenever I can to get rid of them instead of popping a ten or twenty.

smokeross
11-30-2012, 15:42
It'll be awkward giving strippers coins instead of dollar bills.
You've never been to a strip club in Canada?:whistling:

smokeross
11-30-2012, 15:45
<<<< Wishes they would start printing 500 and 1000 dollar bills again. Sucks trying to pay cash for something and packing a wad of hundreds that would choke a horse.

CAcop
11-30-2012, 15:47
It'll be awkward giving strippers coins instead of dollar bills.

10 years ago $5 was the mimum yo had to pay to get a stripper to do anything other than slide by collecting your ones.

Now you probably need a twenty and your own ping pong balls for anything worthwhile.

EdTracker
11-30-2012, 16:19
It'll be awkward giving strippers coins instead of dollar bills.

Dude, they already have a coin slot!

EdTracker
11-30-2012, 16:21
If the gubmint would stop printing money without having something to back it up this wouldn't be a problem.

GRIMLET
11-30-2012, 16:27
http://news.yahoo.com/congress-looks-doing-away-1-bill-083418974--politics.html

I also hope they nuke the penny. Several good reasons:

1. A dollar is worth about what a quarter was when I was a kid.
Buy a Coke? Coin.
Piece of candy? Coin
Tip to the cabbie? Coin

2. Pennies are almost worthless. They cost more to make than they are worth. Much like the "thousandths of a dollar" on gas prices ($3.599 per gallon), the penny represents a fraction of a dollar (1/100) that can't buy anything. Get rid of it.

3. Eliminating both would leave us with the smallest bill in our pocket as a $5. 1/100 of that would be the nickel. And, the dollar coin would represent 1/5 of the $5, similar to how our current quarter is 1/4 of our current dollar bill.

Thus, we would be left with a similar mixture of bills and coins as thirty years ago, while eliminating the expense and hassle of circulating the smallest bill (that has the buying power of a coin) and the, almost literally, worthless penny.

I agree 100 %.

Its those darn zinc lobbyists who keep the penny production going.


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GRIMLET
11-30-2012, 16:28
It'll be awkward giving strippers coins instead of dollar bills.

Instead of making it rain in da club,
One could make it hail.


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G19Tony
11-30-2012, 16:32
I agree. My teenage kids, about to head out with friends, get slipped a $20 in the same way my old man used to give me a $5. That was worth a burger and movie or a few rounds of bowling or mini-golf. Same for $20, now.

Same with tipping. Does anyone tip a dollar? :upeyes: A 5 is truly the new 1.

CAcop
11-30-2012, 16:43
Same with tipping. Does anyone tip a dollar? :upeyes: A 5 is truly the new 1.

At the coffee shop.

Cali-Glock
11-30-2012, 16:44
Same with tipping. Does anyone tip a dollar? :upeyes: A 5 is truly the new 1.

I tip 2-3 bucks to the bellhop who pulls my bags out of the cab and stuff like that.

sappy13
11-30-2012, 16:47
It would be a smart move, but I will hate it. Can't stand carrying change in my pockets.

Sent from my LG-P925 using Tapatalk 2

Spiffums
11-30-2012, 16:47
It'll be awkward giving strippers coins instead of dollar bills.

Be like hazard pay! I don't think the coin idea will work....how many $1 coins have we had in the last 40 years.........none of them took off.

2bgop
11-30-2012, 16:50
I would hate it. I bugs the crap of me in Europe when I end up with a pocket full of coins. Bills are so much easier to handle.

CAcop
11-30-2012, 16:51
Be like hazard pay! I don't think the coin idea will work....how many $1 coins have we had in the last 40 years.........none of them took off.

The problem with the previous ones is that we kept the bills rather than taking them out as the news ones went out. If as bills get worn we replace them with coins it would work. eventually there would only be coins.

larry_minn
11-30-2012, 17:01
The penny's life is over. I still pick them up but really....
Every bill (paid with cash) round it to next nickel. (after tax/etc)
Lets be honest. Folks use fewer bills to pay nowdays. 10 yrs ago I never used credit cards. Now every time I go to town I must use it dozen times.

TheExplorer
11-30-2012, 17:03
Didn't they try this ten years ago with the $1 gold coin?

Cali-Glock
11-30-2012, 17:04
According to a couple of websites six packs of brand name sodas alleged cost .88.

Today I typically pay $1.75 a six pack for brand name sodas - sometimes a lot less - my local store had 18 packs of Dr. Pepper on sale for $3.99 last week.