Coin Quiz
Interesting. The Sacagawea Dollar and the Susan B. Anthony Dollar both say "One Dollar".
Coin Quiz
"One" is not a digit. 1 is a digit.
Coin Quiz
Then in that case my last guess would be a nickel.
I know the quarter says quarter dollar and a dime says ten cents.
The reason I say it might be the nickel is because there isn't room to stamp "five cents" on a coin of that size.
... but one credit card will let you buy drinks all night and you can be sneaky without jingling change ...
Coin Quiz
I just took a look at the U.S. Mints page for coins in current circulation. Both the Presidential dollar coin and the Native American dollar coin have the $1 marked on them. All others including the various recent designs of quarters, nickels, and pennies have the value shown as "quarter dollar", "one dime", "five cents", or "one cent" as the case may be.
Get rid of the $1 bill, please. The damn thing's don't even last 2 years in circulation. I'm also for losing the penny but my wife, Penny, frowns on me saying that in public.
Back in the late 70's the Army all but did away with the dollar bill. That is were all of Susan B's went. The only real problem was with the size as they were silver and the same size as a quarter. They also stopped shipping in penny's. AAFES just changed all the prices to increments of $0.05 or rounded to the nearest nickel, I can't remember.
Saved a ton of cash shipping paper from the world.
> After you guys get rid of the paper $1 and the penny, could you do something about the 9/10 of a penny the gas station wants me to pay with. 😀
I worked with a guy back about 1979-1980 that thought gas was 89 cents for 9/10ths of a gallon. When gas got over 1 dollar, a lot of the pumps would not go that high so many of the stations cut the price in half with a sign that said the total was double what was on the pump.
My coworker thought he was getting screwed twice having to pay $1.09 but only getting 8/10ths of a gallon.
Back on subject, get rid of the penny and bring us a dollar coin. Forget the two dollar whether it be paper or coin.
James
Coin Quiz
"Five Cents" on the reverse at the bottom. 🙁
Coin Quiz
I'm pretty sure you're correct. Only some of the $1 coins, and not the older silver dollars.
My son living in Switzerland pointed out to me that pretty much all our coins don't have the values in numerals and the sizes and shapes don't tell us much about the values. All our paper money is the same size and shape. No wonder the blind, foreigners, and even our own children, have trouble with our coins as well as paper money.
Banknotes
Although the U.S. Government printed $100,000 Gold Certificates, I have never seen one in person (they were never released for circulation, and possession of one is a Federal Crime), I HAVE seen $10,000 bills (100 of them at the Golden Nugget in Las Vegas in about 1974), and my Grandfather (the professional gambler) often had $500 and even $1000 bills in his pocket back in the 50s & 60s.
The largest denomination banknote in my “collection" (humble as it is), is shown below:
YUP...500 Billion (Yugoslavian Dinara).
NOT the largest Banknote ever printed by a LONG shot, but a pretty large number all the same.
Loyal
> Where will it go?
Well, it ought to be simple enough to trade five of them for a nickel so that the metal in the pennies can be recycled.
Something you may not have considered.
> Has your wife been to Subway world headquarters in Milford, CT?
She spent two weeks there in the fall of 2010. Every franchisee in the country has to make the pilgrimage.
Banknotes
I am very much in favor of a coin to replace the paper, as long as it is actually worth one dollar. I'm thinking we would be looking at a copper coin somewhere between a quarter and a half dollar in size, and it's real value would always be.... a dollar. No QE fiat capital, but a value based system built around a very common and easily minted metal. Everyone talks about all the problems associated with a gold standard, what about a copper standard?
The irony might be that it would only take a few pre 1950's pennies to make a new dollar, putting our present economic situation in perspective.
Banknotes
> I am very much in favor of a coin to replace the paper, as long as it is actually worth one dollar.
According to this website giving melt values you would need 16 or 17 Sacagaweas, which are largely copper, to make a dollar worth of metal. So such a dollar would have to be composed of something else.
> The irony might be that it would only take a few pre 1950's pennies to make a new dollar, putting our present economic situation in perspective.
According to the same website it would take almost a whole roll of such pennies to make a buck. If you are into circulating coins for melt values it looks like nickels are your best bet. But who wants to carry around their lunch money in nickels?
Do you knock on the door three times and say Penny times three?
I remember that.
I forgot one time and put the amount in that I had in my pocket. The gas station owner sighed and gave me a slip to pay him later (probably happened a lot). That was a stupid and possibly illegal system.
Banknotes
The dollar is an artificial value. Under any commodity based currency the base unit has to be defined by the government. For example one ounce equals twenty dollars.
Even under the gold standards governments tinkered with the values.
Banknotes
My former neighbor in NC was a retired banker. He told me notes over $100 were generally used for bank to fed reserves and vice-versa transfer and were never supposed to be held by individuals.
Maybe they were at one time but not anymore.
Banknotes
When I bought my first car in 1972 I carried thousand dollar bills from the bank to the car dealer. It was uncommon, but not strange at the time.
Now the larger denominations are not allowed to circulate, and if you have enough cash to buy a new car there is additional paperwork required to track the transaction and put you under suspicion of illegal activities producing the money.
In 2009 I filled up at a pump in the remote areas of South Dakota where you multiplied the number by 10. It had been a long time since I had seen a pump with mechanical number display.
