Five Dollar Coins

Post by **Sea Skimmer** » 2004-06-08 10:24pm

I and I expect most of America would hate five dollar coins, coins are too easy to lose.

Joe · Post by **Joe** » 2004-06-08 10:29pm

Five dollar coins would be in circulation for maybe a week, they'd be snatched up by collectors before most people could even see one.

Straha · Post by **Straha** » 2004-06-08 11:03pm

Sea Skimmer wrote:I and I expect most of America would hate five dollar coins, coins are too easy to lose.

It's not so much the fact that coins can be lost as to size, I've seen more times then I can count that people try to hand over Saccys or Susies as quarters because they go from the size in their pockets. If they brought back the old Eisenhower coins it would be moderatley accepted, except by vending machine makers.

Master of Ossus · Post by **Master of Ossus** » 2004-06-08 11:18pm

Split since this has little to do with the original topic.

Elfdart · Post by **Elfdart** » 2004-06-08 11:23pm

Considering that most people don't like $1 coins except as novelties, a $5 will also flop. Even more so since so many places have metal detectors and coins set them off. I try to keep as few coins on me as possible.

I agree about the collectors grabbing them up.

Aaron · Post by **Aaron** » 2004-06-08 11:51pm

We have 1 and 2 dollar coins up here in Canada. I hated the idea at first, but they kind of grow on you. I barely ever lose them, and because of the size, weight and colour differences they don't get confused with other coins. There was talk of five dollar coins a little while ago, but the idea seems to have dried up.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-06-09 12:48am

I really like the idea of dollar coins and 2 dollar coins. I used them often during my trips to Canada. I'm not sure why Americans don't like them. I'd think a 5 dollar coin would be cool.

Howedar · Post by **Howedar** » 2004-06-09 12:55am

I hate large-denomination coins.

Plekhanov · Post by **Plekhanov** » 2004-06-09 01:57am

We’ve had £2 coins in the UK for a while now and they’re quite common their value is approaching $5 and people don’t seem to find it a problem. I found I it odd in the US having such low value notes.

Stark · Post by **Stark** » 2004-06-09 02:37am

Worst part about large-denomination coinage - fat wallets. Try carrying thirty or forty bucks in coins, compared to a few notes.

Boyish-Tigerlilly · Post by **Boyish-Tigerlilly** » 2004-06-09 02:55am

I always end up carrying a little baggie. I like coins, but they get heavy sometimes, and I get mean, nasty looks from salesmen when I pay in quaters.

Dahak · Post by **Dahak** » 2004-06-09 05:17am

Well, below 5€, we only have coins. 1, 2, 5, 10, 50 cent coins, and 1, 2€ coins

HemlockGrey · Post by **HemlockGrey** » 2004-06-09 06:53am

Japan has 500 yen coin and they're annoying as hell to keep an eye on. I prefer bills.

Col. Crackpot · Post by **Col. Crackpot** » 2004-06-09 06:58am

Cpl Kendall wrote:We have 1 and 2 dollar coins up here in Canada. I hated the idea at first, but they kind of grow on you. I barely ever lose them, and because of the size, weight and colour differences they don't get confused with other coins. There was talk of five dollar coins a little while ago, but the idea seems to have dried up.

loonys and toonys suck. i accidently tossed a beggar $5 CAD in Montreal thinking i tossed him 75 cents. and they are a pain to keep track of.

Archaic` · Post by **Archaic`** » 2004-06-09 07:58am

HemlockGrey wrote:Japan has 500 yen coin and they're annoying as hell to keep an eye on. I prefer bills.

Convenient for vending mechines though, and much easier to carry around than a sack of 100's. Though then again, most vending machines thesedays take the 1000's as well at the very least.

Wicked Pilot · Post by **Wicked Pilot** » 2004-06-09 08:32am

Cpl Kendall wrote:We have 1 and 2 dollar coins up here in Canada. I hated the idea at first, but they kind of grow on you. I barely ever lose them, and because of the size, weight and colour differences they don't get confused with other coins. There was talk of five dollar coins a little while ago, but the idea seems to have dried up.

One dollar coins would probably work well in the US if we got rid of the one dollar bill. That of course will never happen because the union that produces currency paper is so powerful that congress would never approve such a move even though from a cost analysist it would be the responsible thing to do.

Admiral Valdemar · Post by **Admiral Valdemar** » 2004-06-09 09:33am

Scotland still has the £1 note and they still accept it in England etc. though the coins are far more common and more useful. £2 coins are becoming more common, but any £5 coins are collectors items and can't be used as legal tender as such. I recall a kid's show on about how to get the best deals in shops etc. had a letter in from one girl who couldn't spend her collectors edition £5 coin.

Evil Sadistic Bastard · Post by **Evil Sadistic Bastard** » 2004-06-09 09:44am

We use a $1 coin. The $1 note went out of circulation a long time ago. I suspect this is because fat old ladies like their purses stuffed with valuable metal rather than pieces of paper with a dead president's face on it.

Montcalm · Post by **Montcalm** » 2004-06-09 10:03am

Bills advantage:it doesn't weight as much as coins.
Bills disadvantage:with the counterfeit scare every stores have a UV gadget to see if its a real or fake one.
the worste annoying time that happen is when i came directly from the bank,with all the security measure they added on them to make counterfeiting impossible,they still look to see if its a real one.

Jalinth · Post by **Jalinth** » 2004-06-09 11:22am

Montcalm wrote:Bills advantage:it doesn't weight as much as coins.
Bills disadvantage:with the counterfeit scare every stores have a UV gadget to see if its a real or fake one.
the worste annoying time that happen is when i came directly from the bank,with all the security measure they added on them to make counterfeiting impossible,they still look to see if its a real one.

Main problem with low denomination bills are that they get destroyed pretty quickly - so it costs more than coins to make.

I don't mind loonies and toonies - but really don't want anything bigger since I've got enough change at home to kill any intruder. (If I ever get surprised by an intruder at home, I'll chuck my pail of change at them - kiss them goodbye

)