It Costs More To Create A Dollar Than To Actually Earn One

[ashstralia]

we've had dollar coins since 1984, and 2 dollar coins since 1988. even though there's still loads of the originals around, they still mint new ones every year. i don't know why they do that....

[kwame k]

At some point and time getting rid of paper/coin currency will become practical, even though people will want cash, technology is to the point where it's no longer necessary.

Unless you want to live off the grid or are on the run.

[Nitro Express]

we've had dollar coins since 1984, and 2 dollar coins since 1988. even though there's still loads of the originals around, they still mint new ones every year. i don't know why they do that....

I always wondered why the US Mint keeps coming out with stupid one dollar coins nobody uses. The Susan B. Anthony dollar was a complete failure because it looked too much like a quarter. Then they came out with the Sacajawea dollar with a cheap gold coating that oxidizes and looks just horrible. It look like a big penny. I heard the reason for the quarter size is so it can be used in vending machines designed originally for quarters.

What they really need to do is punch a hole in the middle and make the coin really unique to stir interest but that might not even work because people are using debit cards with machines now. Plus, paper is still lighter than metal. You can carry a lot of money easily in a wallet but your would need a purse for coins. So it's the people who decide what the currency is going to be and so far they seem to hate these dollar coins.

[Nitro Express]

At some point and time getting rid of paper/coin currency will become practical, even though people will want cash, technology is to the point where it's no longer necessary.

Unless you want to live off the grid or are on the run.

You really still need paper money. Not every person you do business with is set up to scan cards. Plus, when the power goes out you can't buy anything. I was eating at a restaurant and a big thunder storm rolled in. The power went out. We finished the meal and I paid in cash. The waitress just got a pad of paper to record the transactions on. Well some people didn't have enough cash on them and their cards were no good because the machine wasn't up and working. So they had to sit there waiting for the power to come back on. I wondered how long those people were going to sit there?

[Nickdfresh]

You're right. The current system is the pure definition of sanity.

Either way, the currency of the future will be food or ammunition. No one is going to solve the problems the world faces. No matter who we elect, shit is just going to get worse & worse.

Yeah, actually it is. Going back to the Gold Standard is an extremist fantasy akin to decrying everything one doesn't like as "unconstitutional."

[LoungeMachine]

You're right. The current system is the pure definition of sanity.

Either way, the currency of the future will be food or ammunition. .

Oil