Comments on: What The US Needs Is A $2 Coin http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html Bridging the gap between saving money and investing Wed, 23 May 2012 22:50:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paul http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-971074 Paul Thu, 10 Nov 2011 18:33:06 +0000 http://www.pfadvice.com/?p=914#comment-971074 Australia and Canada have $2 coins. What do you think? I'm for replacing the paper $1 and $2 with coins. Drop the penny and nickel and simply round to the nearest dime. Use those two slots in the cash register for the $1 and $2 Australia and Canada have $2 coins. What do you think? I’m for replacing the paper $1 and $2 with coins. Drop the penny and nickel and simply round to the nearest dime. Use those two slots in the cash register for the $1 and $2

]]> By: Jim http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-952134 Jim Mon, 18 Jul 2011 19:51:04 +0000 http://www.pfadvice.com/?p=914#comment-952134 $0.50, $1.00, $2.00 and $5.00 coins. Dump the penny. The tax collectors will be happy. Dump the $1 and $5 paper currency for this to work. We can make the coins out of recycled metals of all kinds. The cleaners companies can make a small fortune fixing and reinforcing pockets as our pockets will wear out quick! And cottage industries can blossom making coin purses and selling them on corners and freeway off ramps. $0.50, $1.00, $2.00 and $5.00 coins. Dump the penny. The tax collectors will be happy. Dump the $1 and $5 paper currency for this to work. We can make the coins out of recycled metals of all kinds.

The cleaners companies can make a small fortune fixing and reinforcing pockets as our pockets will wear out quick!

And cottage industries can blossom making coin purses and selling them on corners and freeway off ramps.

]]> By: Paul F. http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-729871 Paul F. Thu, 12 Aug 2010 00:35:09 +0000 http://www.pfadvice.com/?p=914#comment-729871 Would we save money with coins due to their durability? I just dipped into my pocket to find nearly half of the change I have was minted over 20 years ago. Would we save money with coins due to their durability? I just dipped into my pocket to find nearly half of the change I have was minted over 20 years ago.

]]> By: Pegasus33 http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-622288 Pegasus33 Mon, 27 Jul 2009 19:38:41 +0000 http://www.pfadvice.com/?p=914#comment-622288 I think that America should have a $0.50, $1.00, and $2.00 coins, $5.00 are a little excessive. Think about how long a coin lasts (up to 50 years) as opposed to a paper bill (18 months before being redeemed for shredding). I don't think we should get rid of the penny, just make it out of something cheaper, such as steel. I think that America should have a $0.50, $1.00, and $2.00 coins, $5.00 are a little excessive. Think about how long a coin lasts (up to 50 years) as opposed to a paper bill (18 months before being redeemed for shredding). I don’t think we should get rid of the penny, just make it out of something cheaper, such as steel.

]]> By: M. Katz http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-345266 M. Katz Mon, 23 Jun 2008 09:31:48 +0000 http://www.pfadvice.com/?p=914#comment-345266 I agree that we need a $2 and $5 US coin. With everyone going green nowadays it would certainly save a lot of paper and money. The $1 bill costs 4 cents to produce and lasts 18-21 months while the $1 coin at 8 cents will last 30 years. I agree that we need a $2 and $5 US coin. With everyone going green nowadays it would certainly save a lot of paper and money. The $1 bill costs 4 cents to produce and lasts 18-21 months while the $1 coin at 8 cents will last 30 years.

]]> By: livingplanet http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-8003 livingplanet Fri, 27 Oct 2006 17:11:28 +0000 http://www.pfadvice.com/?p=914#comment-8003 mint the $2 and get rid of the pesky penny, nickel, and dime...i know, it's impossible, but hey, if marketers round up their prices, then it'll make checking out more efficient... mint the $2 and get rid of the pesky penny, nickel, and dime…i know, it’s impossible, but hey, if marketers round up their prices, then it’ll make checking out more efficient…

]]> By: twins15 http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-7985 twins15 Fri, 27 Oct 2006 07:02:24 +0000 http://www.pfadvice.com/?p=914#comment-7985 I'm usually a thrifty guy, but when I was in Europe the 1 and 2 Euro coins had the opposite effect on me... it was like, "Well, it's just a coin, I'll spend it." Now, what part of that was just me being on vacation or me having a different mindset? I don't know. But that could potetially happen, I think. I’m usually a thrifty guy, but when I was in Europe the 1 and 2 Euro coins had the opposite effect on me… it was like, “Well, it’s just a coin, I’ll spend it.” Now, what part of that was just me being on vacation or me having a different mindset? I don’t know. But that could potetially happen, I think.

]]> By: Dimes http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-7980 Dimes Fri, 27 Oct 2006 03:19:01 +0000 http://www.pfadvice.com/?p=914#comment-7980 A $2 coin would certainly make the beggars happy. When I lived in France right after the Euro had been introduced, the panhandlers would congregate in areas where American tourists hung out and would try to bum a "deux euros s'il vous plait" coin off of whomever they could. I saw a lot of people giving them away, probably not realizing that they had just handed a stranger two bucks. They'd probably end up in fountains, same as pretty much all other coins. A $2 coin would certainly make the beggars happy. When I lived in France right after the Euro had been introduced, the panhandlers would congregate in areas where American tourists hung out and would try to bum a “deux euros s’il vous plait” coin off of whomever they could. I saw a lot of people giving them away, probably not realizing that they had just handed a stranger two bucks.
They’d probably end up in fountains, same as pretty much all other coins.

]]> By: Mike http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-7972 Mike Thu, 26 Oct 2006 16:53:52 +0000 http://www.pfadvice.com/?p=914#comment-7972 I agree that we should have more 1/2/5 coins. I enjoyed the Euro coins when I was touring Europe. I find it strange how many Americans poo-poo the concept of using coins, generally because "they are heavy". Well, the answer to that is to use them. Most Americans just walk around spending paper money, receiving coins, and then (maybe) dumping those coins into a "savings" jar. If you have dollar+ coins, and you are buying something, use the coins. Tada! No pocketfulls of heavy coins! When I was in Europe, it was easy to to learn to reach-into my pocket and grab coins to pay for stuff. I actually liked it better because I wasn't having to fish my wallet out (which is heavy with IDs, cards, etc. in and of itself) and retrieve the paper bills. This is more secure (less chance of losing important things out of the wallet) and a very easy way to buy small-change items like coffee, snacks, etc. Unfortunately, I agree that the USA will probably never be able to convert. Hell, we still cannot use the metric system even after several decades and there is worldwide influence on that. Creating dollar+ coins that are actually used will not happen in the next 100 years I'd bet. I agree that we should have more 1/2/5 coins. I enjoyed the Euro coins when I was touring Europe.

I find it strange how many Americans poo-poo the concept of using coins, generally because “they are heavy”. Well, the answer to that is to use them. Most Americans just walk around spending paper money, receiving coins, and then (maybe) dumping those coins into a “savings” jar. If you have dollar+ coins, and you are buying something, use the coins. Tada! No pocketfulls of heavy coins! When I was in Europe, it was easy to to learn to reach-into my pocket and grab coins to pay for stuff.

I actually liked it better because I wasn’t having to fish my wallet out (which is heavy with IDs, cards, etc. in and of itself) and retrieve the paper bills. This is more secure (less chance of losing important things out of the wallet) and a very easy way to buy small-change items like coffee, snacks, etc.

Unfortunately, I agree that the USA will probably never be able to convert. Hell, we still cannot use the metric system even after several decades and there is worldwide influence on that. Creating dollar+ coins that are actually used will not happen in the next 100 years I’d bet.

]]> By: ~Dawn http://www.savingadvice.com/articles/2006/10/26/10914_what-the-us-needs-is-a-2-coin.html/comment-page-1/#comment-7971 ~Dawn Thu, 26 Oct 2006 16:15:00 +0000 http://www.pfadvice.com/?p=914#comment-7971 I agree, why have a dollar coin when you still have a dollar bill. Your logic seems correct to me I agree, why have a dollar coin when you still have a dollar bill. Your logic seems correct to me

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