halifax_slasher ([info]halifax_slasher) wrote,
@ 2006-11-30 05:35:00
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In defense of the gold dollar
So nobody likes the gold dollar except me; but I think it's a great coin, and I want to speak out for it.

The gold dollar is like pirate money
Pirates don't use bills, they have chests full of gold coins. Every time I use a gold dollar I pretend it's a doubloon. This never gets boring.

Gold dollars are cheaper to make
Unless you are a communist you will want to save the US Government money, which is what the gold coin was designed to do in the first place. Dollar bills only last about 18 months before they get so ratty they're pulled from circulation, while wheat pennies still turn up in the coin drawer after half a century. According to this presumably accurate PDF government document, switching from dollar bills to dollar coins would save the government $522 million a year.

And if you are a communist, you would be in favor of gold coins anyway, since Canada has them.

We are all spoiled children
People often complain that gold dollar sare too heavy, as though they risked a hernia taking the three steps between their segway and the escalator. But money is getting lighter all the time, thanks to inflation. If we consider how much a dollar bought in the 1860s, when bills were first printed, we can see that dimes were dollar coins. Everyone had pockets full of change. And now we have grown so soft and lazy that we balk at the idea of a coin to replace a bill that can't even buy a comic book. Really, we should constantly be replacing higher and bills with coins to keep pace with inflation.

Sacagawea herself
If we were putting people on coins because they are actually important to US History, Sacagawea would have no place on a coin. Lewis and Clark are obviously of greater historical importance than Sacagawea, and you could argue that her husband Charbonneau was as well. But reality has no part on coins, or Alexander wouldn't be wearing those horns; coins, like statues, are for myths and symbols. And Sacagawea is important mythologically. The more mythologically resonant Pocahontas might have been an even better choice for the female/Indian demographic here (if the Disney film hadn't made me hate her), but Sacagawea has the virtue that her original role was itself as a symbol--a pregnant woman with the Lewis and Clark expedition indicated that theirs was a peaceful mission. Sacagawea became a myth (the noble savage guiding civilization through the western wilderness) by being a myth (gentle maternity).

I propose John Henry for the two dollar coin, and, if we can swing it, Davy Crockett for the five dollar.

Sorry, Wild Bill Hickok and Betsy Ross. Better luck next coinage.

And what's so great about a dolar bill anyway? "What was it? A piece of paper crawling with germs." -Detour (1945).

N.B.: As you probably already know, the never-say-die treasury is trying for a dollar coin again, although this time it's another scheme to trick people with mental disorders into collecting things: a series of dollar coins with presidential portraits on them, in sequence, like state quarters. While it's pretty funny that Millard Fillmore and Richard Nixon will be appearing on coins (will Cleveland be on twice?), the Sacagawea will still get minted. So let's all support dollar coins in general and Sacagawea specifically! I'm not surehow to do that, but, you know, let's.



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[info]ericbuttface2
2006-11-30 02:15 pm UTC (link)
I think a Sacagawea coin is stupid, but a John Henry coin would be awesome.

The reason nobody likes dollar coins is most people don't carry change purses and coins are a jillion times less convenient. If I wanted to inconvenience myself by not using paper money, I'd be using the Liberty Dollar!

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[info]sunseenli
2006-11-30 03:48 pm UTC (link)
One of the reasons people don't like dollar coins is that other people don't like dollar coins, and it becomes a vicious cycle. MTA vending machines and automated stamp machines will only give you change in dollar coins, so you pretty much have to spend them, but when you go to pay elsewhere with them, the transaction will take a few minutes longer, as the confused cashier tries to figure you why you're giving him so many "quarters" and no bills.

According to this presumably accurate PDF government document, switching from dollar bills to dollar coins would save the government $522 million a year.

Good lord. That's an awful lot.

It speaks volumes about our government that they consistently try to bully us in ways that I think are absolutely ridiculous (the whole gay marriage thing) but they cave when people whine about not liking carrying coins. Be a man, government! Stop printing dollar bills and don't give us any choice! You're really good at that in other areas!

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[info]halifax_slasher
2006-12-01 04:14 am UTC (link)
I think it says somewhere in the linked government report that no successful transfer to dollar coins has ever been made without eliminating bills.

I can understand cashiers outside of New York being puzzled by gold dollars (my cousins, who live near Princeton, had never ever seen one),but New York cashiers have no excuse. They often outright sneer at you if you break out the gold dollars, as though they were somehow not-money. It makes me want to take all my bills to the bank and exchange them for gold dollars and use nothing but these until people get used to it.

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[info]sunseenli
2006-12-01 08:51 pm UTC (link)
I think it says somewhere in the linked government report that no successful transfer to dollar coins has ever been made without eliminating bills.

Yeah, that makes sense.

How much does the gold dollar cost, anyway? I'm wondering how much heavier it would be if we really did entirely switch over. (I've had cabbies give me my entire change in singles, but then, maybe they'd stop doing that if they had to carry them, too.)

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[info]dorkart
2006-11-30 05:36 pm UTC (link)
I like coins a lot, but what it comes down to is how fast I can pay for stuff. The thing that makes me most mad when I get change at a store is that they do this: give you the paper money, then place the receipt on top of it, then give you the coins on top of it. So to put it in your wallet (I have one with a coin purse attached to it), you have to open the coin purse, put the coins in it, separate the receipt, then stuff the paper money into it. I like my money organized, so it takes me forever to get all of this money into my wallet correctly. Two things need to happen before people will use coins more often: better wallets on the market - there's no shame in having a coin purse, and better changing giving-out techniques - in eastern european countries, you never actually give someone money hand to hand, instead, you put it on a little plate between you and the other person. You put your $20 there, they take it and put the change and the receipt on the plate - it's really fast becuase you can choose the order you stuff things into your wallet. I may be OCD, but being able to put things quickly into my wallet is a big worry for me.

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[info]dorkart
2006-11-30 05:36 pm UTC (link)
Oh, that said, I like coins.

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[info]oneangryrabbit
2006-12-01 02:37 am UTC (link)
They do the same thing with the little plate in Japan.

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[info]halifax_slasher
2006-12-01 04:23 am UTC (link)
The problem with putting the money in the little tray is that I can't then "accidentally" touch the hands of attractive customers.

Actually, the best thing is when a foreign girl who doesn't know what coins are what holds out a handful of change and lets me pick the correct change directly from her hand.

In a less creepy vein, cashiers suck at giving change and it drives me nuts. I especially hate when they have some enormous receipt that they put it your hand folded in two and then try to balance two pennies of change on top of it. The pennies slide off, and the cashier looks surprised, as though this did not happen fifty times a day.

Coin purses simply need to be better. When I was a kid I got a coin purse shaped like Fred Flintstone's head in a box of Cocoa Pebbles. I also like the belt-changer things train conductors have...

Mags, you should simply store all your receipts and money in your cheek pouch until you are away from the counter; then you can put them in your wallet at your leisure.

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[info]oneangryrabbit
2006-12-01 05:10 am UTC (link)
Every time I approach coming to terms with your creepiness, you get ten times worse. Every time!

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[info]ericbuttface2
2006-12-03 01:25 pm UTC (link)
On the subject of Hal's creepiness, there have been times when he's said things that stopped me dead and made me exclaim "Oh dear god!" To which he generally replies, "I test things out on you to see how upsetting they are before I tell them to other people."

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[info]sunseenli
2006-12-01 08:53 pm UTC (link)
I especially hate when they have some enormous receipt that they put it your hand folded in two and then try to balance two pennies of change on top of it.

DRIVES ME CRAZY. Or when they try to put a whole MOUNTAIN of change on top of the receipt. Hi, weighted mound on slippery surface. Nice to mee--whoops, you're on the floor now. Goddamn it. And it never used to be like that! I swear to god this has only become an epidemic in the past two years.

(Yeah, right. Pretty soon I'll start noticing those damn kids on my lawn...yipes.)

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memo to myself
[info]halifax_slasher
2006-12-02 06:02 am UTC (link)
Don't mention the creepy customer things in front of the customers.

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Re: memo to myself
[info]sunseenli
2006-12-02 08:56 am UTC (link)
::laughs:: Actually, I'll be more insulted now if you *don't* try to touch me...

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[info]stormsweeper
2006-11-30 06:57 pm UTC (link)
We should have gone to coins a long time ago. I keep ending up with wads of dollar bills jammed everywhere that are much less manageable than some extra coins. Like dorkart, I'm a little OCD in regards to my wallet, but it comes in the form of only putting in $10 bills and higher in there.

The Susan B Anthony design was unfortunate, of course, with the combo of not-round and same size as a quarter. This was made worse when they actually made them round (because not-round coins are difficult for machines), with the octagon edges just embossed on.

I really like the feel of the British pound. It's about the same weight as the Sacajawea dollar, but more compact, so it feels nice and solid. Plus it has nice jingoistic phrases etched into the outer edge.

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[info]halifax_slasher
2006-12-01 04:26 am UTC (link)
Apparently the new "collectible" presidential dollars will have words engraved into the edge, although I doubt they'll be jingoistic. What does the British pound say?

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[info]halifax_slasher
2006-12-01 04:27 am UTC (link)
I realize now that that ast question sounds like a riddle. Q: What does a British pound say? A: Oh, I say, arf arf and all that. Bow wow, what? Etc.

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[info]samgrrrl
2006-12-02 09:07 am UTC (link)
So, uh - I'd just like to mention that Singapore successfully moved to dollar coins like 12 years ago.

:P

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[info]halifax_slasher
2006-12-02 10:35 pm UTC (link)
I assume they got rid of bills to do it, no?

For better or worse, other countries always have an easier time of so-called reform than the US, because other governments can make declarations the US government cannot. I don't just mean dictatorships, here, but also those few countries I "reasonable." For instance, in Australia they declared M-Day one day (actually, I believe it was different days for different things, like street signs and candy bags, etc.) and after a few weeks' grace period, using non-metric units was against the law. (It's still against the law in many countries to import or sell any product with any non-metric unit printed on it.) This would not work in the US, first of all because it would probably be unconstitutional and second of all the law would never be passed. Now, like my hero George Orwell I am opposed to the Metric system (we don't want no foreign rulers!), but obviously I am far more opposed to the metric system being imposed by government fiat.

Dollar coins are a somewhat different animal, but as soon as they were released Save the Greenback, a lobby of paper and ink manufacturers and engravers, started protesting.

From wikipedia: "'Save the Greenback" successfully prevented a dollar bill phaseout with the help of legislators such as Mississippi Senator Trent Lott and Massachusetts Senator Ted Kennedy. Lott's constituency includes the powerful cotton industry, which produces fabrics used in the paper dollar; Kennedy's includes the Crane Paper Company which produces American banknote paper."

Lott and Kennedy. There's a pair of heroes for you.

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[info]greylightning
2006-12-06 06:22 am UTC (link)
I, too, like using dollar coins! It is great to actually be able to buy something using only the change in my pocket. It is like free money. It also reminds me of being in England and having one and two-pound coins, which at today's exchange rates, means you could easily have like ten dollars bouncing around in your pocket.

I have never had any real trouble using them in stores, in New York or Chicago. Clerks are surprised for a moment and then figure it out. Nothing like this has ever happened to me*. I used to get them from certain vending machines that would accept $5 bills and sensibly give you dollar coins instead of a huge ridiculous pile of quarters. Since sodas and things like this are commonly priced around a dollar and bill readers are uniformly broken/suck/full of chewing gum, a lot of machines silently accept dollar coins.

The President coin thing is silly, but I guess we Americans are used to seeing presidents on our money. Having Washington in the series is a mistake though. It's a roughly quarter-sized coin and that will be confusing. Even if they are different colors. It'll be like some kind of weird, wrongly-colored quarter with a smooth edge.

* I was really pleased to find a link to that story by googling "two dollar bill story."

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loony-tune money
[info]ltsk
2006-12-06 11:09 pm UTC (link)
I've always been fond of the Canadian loonies and toonies, except for the damned Queen being on 'em. I second the call for Sacagawea on the $1 coin and John Henry on the $2 coin. I leave it to you to come up with the clever nicknames, which is how we're gonna sell 'em to the plebes.

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