DailyDirt: Cool Coins, Unpopular Coins...

from the urls-we-dig-up dept

While digital forms of payment are becoming increasingly popular, cash probably isn't going away anytime soon, and a lot of people still like to collect coins. For the amateur numismatists out there, here are just a few interesting coin stories. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post.


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    silverscarcat (profile), Dec 4th, 2012 @ 5:22pm

    I like coins...

    I put them in bags until I have a lot, then I exchange them for paper money.

     

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    TimK (profile), Dec 4th, 2012 @ 5:39pm

    I hate coins. I hate paying in cash and getting a handful of coins that I have to carry in my pocket. The second I get home they go in a bucket until the bucket is full....then it goes to the bank.

    I hate coins.

    Don't give me more, bigger, heavier coins.

    Find a way to make paper money cheaper to produce or longer lasting.

    Coins suck.

    More NFC please!!!

     

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    DUMBASS POLITICIANS, Dec 4th, 2012 @ 6:07pm

    canadian govt is just mental

    nuff said they shuld put harpers head on the 1 dollar coin formerly known as the looney

     

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    Anonymous Coward, Dec 4th, 2012 @ 7:05pm

    Dollar bills are like national health care.

     

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    Anonymous Coward, Dec 4th, 2012 @ 8:09pm

    Debate me! Blarglefargle!

    /madeyoulook ;)

     

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    Divide by Zero (profile), Dec 4th, 2012 @ 8:48pm

    We've had $1 & $2 coins for years and years. They really aren't that bad.

     

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    The Lone Hedgehog (profile), Dec 4th, 2012 @ 11:00pm

    Admit it, you Americans are just afraid of change.

     

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    McCrea (profile), Dec 5th, 2012 @ 12:35am

    What's a coin?

    All this currency crap is a waste. Just use your M2 debit card. Really simplifies poker.

     

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    Anonymous Coward, Dec 5th, 2012 @ 6:40am

    The US GAO recommends replacing dollar bills with dollar coins -- even though dollar coins are a hugely unpopular with people who actually spend American money.


    yea, obviously !!!!

    you would not use dollar coins if you don't have any dollar coins, in countries that do have $1 coins they are super popular.

    they were not considered bad when they were first introduced either, you were just told that on a certain date coins would be issued. and you could convert your notes for coins at a bank.

    they are heaps better, and your coin box really does build up value.

    Australia has what is considered the best money in the world, you simply cannot counterfeit our notes, or tear them up.

    and we have $1 and $2 dollar coins and have had them for probably over 20 years.

    You Americans seem very slow in catching up.

    "Australia was the first country in the world to have a complete system of bank notes made from plastic (polymer). These notes provide much greater security against counterfeiting. They also last four times as long as conventional paper (fibrous) notes."

     

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    DNY (profile), Dec 5th, 2012 @ 7:10am

    Dollar coins, but fewer coins in your pocket anyway

    Dollar coins are economical. Pennies (and arguably nickels and even dimes) are uneconomical and pointless -- we abolished the half-cent coin when its purchasing power was greater than that of a present-day dime.

    (see C.G.P. Grey's charming video advocating the abolition of pennies at http://www.youtube.com/watch?v=y5UT04p5f7U)

    To do it right, besides stopping production of one dollar notes, ramping up production of dollar coins, and abolishing pennies and nickels and adding rounding lines to all cash transactions, we need to introduce a two dollar coin.

     

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