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10-24-2008, 02:51 PM | #31 |
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Sort of diagonally on topic...
In Tangier, we had trouble finding mementos to bring back home to the family. There just isn't a fridge magnet and postcard stand to be found. Anyhow, this man with a pushcart set up a stand along the tour route. He was selling sets of obsolete coins for 1 or 5 euros, depending on whatever the man chose to charge. They were nicely glued to a piece of cardboard, safely sealed in ziploc bags. The coin sets made nice souvenirs. And now back to the previous discussion. |
10-24-2008, 02:57 PM | #32 | |
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10-24-2008, 04:26 PM | #33 | |
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Besides, if they quit printing dollar bills, they'll have an extra slot from that to keep rolled change in. The only question I have is are we sure that the coins are cheaper to make than the paper bills? I suppose they would be in the long run, given the greater durability of coins vs. paper bills .... I'm sure there are studies that have definitively answered the question, of which I am blissfully unaware. I'm not in favor of getting rid of pennies, however -- that would mostly empty my change jug ... especially after my wife raids it for quarters. |
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10-24-2008, 05:30 PM | #34 | |||
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Funny story. About 15 years ago when we lived in Orlando, the toll on the East-West Expressway went up from $.50 to $.75. I drove up to the manned toll booth and handed the toll-taker a Susan B Anthony dollar. She snarled at me "it's 75 cents!". I just smiled sweetly and said, "yes, and I'm waiting for my change." She hadn't really looked at the coin and assumed that I had given her a single quarter. The new "gold" color introduced with the Sacajawea dollars and now being used for the US President's series make it much easier to visually identify the coin as "not a quarter". Unfortunately, the US still doesn't have a good system to assist the sightless. I really like the UK system: 1, 2 are round and copper -- small, large 5,10 are round and silver -- small, large 20, 50 are septagonal and silver -- small, large (Hmmm... the spell-checker wants me to use heptagonal instead of septagonal. I can see that heptagonal is used more often, but septagonal is still a valid word. Does anyone know the reason why heptagonal would be preferred?) |
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10-24-2008, 05:42 PM | #35 | |
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10-24-2008, 05:45 PM | #36 |
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You may see them, but I certainly don't! It's all Yuppie Food Coupons 'round here.
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10-24-2008, 05:45 PM | #37 | |
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10-24-2008, 05:48 PM | #38 | |
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10-24-2008, 05:52 PM | #39 | |
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Found this on a web site... (yes everything on the internet is fact) It costs ~16 cents to make $1 coins, and each has a life span of about 30 years. It costs ~ 6.2 cents to make $1 bills, and they have a life span of about 21 months. BOb |
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10-24-2008, 06:57 PM | #40 |
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Wow...didn't mean to stir up such a debate!
In the meantime, I did hit the Coinstar Machine...chose the Amazon eCertificate option... My grand total was $91.44 and it worked perfectly. The machine connected online, printed my receipt with redemption code and I just signed into my Amazon account to apply it. |
10-25-2008, 02:02 PM | #41 |
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You know, everyone could do what the Australian's Did and swithch to Polymer notes.
They would definitely have a longer lifespan Seriously, back to the coins discussion, something similar happened in India, where they slowly stopped printing 5 rupee notes and minted coins insted. So now, while you may occasionally run into an old fiver, the coin is the standard. They're talking about issuing a Rs. 10 coin as well, as that is the not that currently gets the most circulation. |
10-25-2008, 02:28 PM | #42 |
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Around the Washington, DC area there are 2 banks offering free coin counting machines in their lobby (free to all, even non-customers.)
A penny costs the US Government slightly over a penny to make and deliver to a bank. Some wag suggested that we should follow Hong Kong's lead and go with a paper penny and a dollar coin. As for the buying power of a dollar, I disagree with Harry's assessment that it is about the same as the quarter was 30-40 years ago. I feel it is more like the dime's buying power. (A quarter is $0.25, a dime is $0.10.) |
10-26-2008, 05:27 AM | #43 |
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The other VERY sensible thing that Australia's done is to get rid of 1c and 2c coins. When you buy anything and pay cash, the total's just rounded up or down to the nearest 5c (which is now the smallest coin).
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10-26-2008, 05:30 AM | #44 | |
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When I first visited the US, many years ago, I was completely baffled by this coin that just said "ONE DIME" on it. Nowhere does it tell you what this mysterious "Dime" is actually worth in terms of cents. I'm sure that's something that would never even occur to people who've grown up with US currency, but believe me, it can baffle poor ignorant tourists like me . |
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10-26-2008, 12:10 PM | #45 | |
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