Comments on: The Biggest Problem with Dollar Coins [Personal Experience] http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/ Family, Marriage, Finances & Life Sat, 11 Feb 2012 13:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Momma http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31497 Momma Tue, 02 Dec 2008 15:38:47 +0000 http://www.cleverdude.com/?p=1658#comment-31497 Well, since I have Canadian relatives, I have been forced to use $1 and $2 coins while in Canada. :) $2 coins are even worse than $1 coins, IMHO. Talk about weighing down your purse or pocket!!! The one thing I will say is they add up quickly in your Canadian piggy bank.... put lots of toonies or loonies in your bank and you're good to go! :) Momma Feature blogger at Engineer a Debt Free Life http://www.engineeradebtfreelife.com/ Well, since I have Canadian relatives, I have been forced to use $1 and $2 coins while in Canada. :) $2 coins are even worse than $1 coins, IMHO. Talk about weighing down your purse or pocket!!! The one thing I will say is they add up quickly in your Canadian piggy bank…. put lots of toonies or loonies in your bank and you’re good to go! :)

Momma
Feature blogger at Engineer a Debt Free Life
http://www.engineeradebtfreelife.com/

]]> By: MoneyMateKate http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31441 MoneyMateKate Wed, 26 Nov 2008 04:56:46 +0000 http://www.cleverdude.com/?p=1658#comment-31441 This reminds me of an incident I had on the Inca trail in the Andes... The first day of hiking, there were a few rest stops where the locals set up selling drinks, snacks, and rain ponchos. While adjusting my jacket, a 5-sol coin (about $1.65) fell out of my pocket. Before I had a chance to figure out where it had landed, one of the wizened locals swooped in, snatched it off, and cackled gleefully to her friends at her great fortune. I figured that in addition to being the poorest people I've ever seen, these descendants of the Incas must also have a pretty mercenary finders-keepers policy! This reminds me of an incident I had on the Inca trail in the Andes…

The first day of hiking, there were a few rest stops where the locals set up selling drinks, snacks, and rain ponchos. While adjusting my jacket, a 5-sol coin (about $1.65) fell out of my pocket. Before I had a chance to figure out where it had landed, one of the wizened locals swooped in, snatched it off, and cackled gleefully to her friends at her great fortune. I figured that in addition to being the poorest people I’ve ever seen, these descendants of the Incas must also have a pretty mercenary finders-keepers policy!

]]> By: philip http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31440 philip Wed, 26 Nov 2008 03:29:58 +0000 http://www.cleverdude.com/?p=1658#comment-31440 How about the argument that I don't want them in my pocket banging into my cell phone face, pda or mp3 players? I already cut back on how much I carry because I simply dislike carrying anything extra in my pockets. How about the argument that I don’t want them in my pocket banging into my cell phone face, pda or mp3 players? I already cut back on how much I carry because I simply dislike carrying anything extra in my pockets.

]]> By: L http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31438 L Wed, 26 Nov 2008 01:20:35 +0000 http://www.cleverdude.com/?p=1658#comment-31438 @ Nick- ah, the weight argument- this always appears in these discussions. I think if the weight of the change you are carrying is causing issues you have to either get better at mental arithmetic and start counting out coins to pay with or take yourself to a gym for a little workout. I'm fairly scrawny and unfit but have never felt like my dollar coins were weighing me down! @ Nick- ah, the weight argument- this always appears in these discussions. I think if the weight of the change you are carrying is causing issues you have to either get better at mental arithmetic and start counting out coins to pay with or take yourself to a gym for a little workout.
I’m fairly scrawny and unfit but have never felt like my dollar coins were weighing me down!

]]> By: Nick http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31430 Nick Tue, 25 Nov 2008 21:38:53 +0000 http://www.cleverdude.com/?p=1658#comment-31430 Not only are they more prone to get lost, think of the extra weight you would carry around if you have a significant amount of money in coins, as opposed to bills. Not only are they more prone to get lost, think of the extra weight you would carry around if you have a significant amount of money in coins, as opposed to bills.

]]> By: plonkee http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31415 plonkee Tue, 25 Nov 2008 12:46:58 +0000 http://www.cleverdude.com/?p=1658#comment-31415 I'm used to it. The denominations of our coins (1p, 2p, 5p, 10p, 20p, 50p, £1 and £2) mean that you normally need fewer coins to make a given sum than with US denominations, so we actually don't carry as many as you might think. I generally have less than £3 in coins on me at any one time. Coins are much better for vending (etc) machines, don't get as dirty, and are generally very easy to tell apart - once you get used to them. I’m used to it. The denominations of our coins (1p, 2p, 5p, 10p, 20p, 50p, £1 and £2) mean that you normally need fewer coins to make a given sum than with US denominations, so we actually don’t carry as many as you might think. I generally have less than £3 in coins on me at any one time.

Coins are much better for vending (etc) machines, don’t get as dirty, and are generally very easy to tell apart – once you get used to them.

]]> By: chris http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31414 chris Tue, 25 Nov 2008 11:56:10 +0000 http://www.cleverdude.com/?p=1658#comment-31414 the reason americans love the dollar bills is because they help put girls through medical school. the reason americans love the dollar bills is because they help put girls through medical school.

]]> By: Reformed Spender http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31412 Reformed Spender Tue, 25 Nov 2008 02:56:50 +0000 http://www.cleverdude.com/?p=1658#comment-31412 “I dont know why the US loves 1$ notes . . . ” It’s because they fear change of course. Hahahaha you made my night. Thank you! “I dont know why the US loves 1$ notes . . . ” It’s because they fear change of course.

Hahahaha you made my night. Thank you!

]]> By: Scribbles http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31410 Scribbles Mon, 24 Nov 2008 22:51:09 +0000 http://www.cleverdude.com/?p=1658#comment-31410 In New Zealand we use coins at 10c, 20c, 50c, $1 and $2. Then notes are $5, $10, $20, $50 and $100. The $1 and $2 coins were introduced within my lifetime, at the same time that 1c and 2c coins were removed. Within the last five years, we've also lost the 5c coin. Although I wasn't old enough to care when $1 and $2 notes became coins (heck, 50c was still a lot of money to me back then), I can't remember anybody being terribly upset at the change over. As one commenter has already pointed out, most wallets sold over here have a built in change purse (even guys wallets) and in a society that relies mainly on plastic (EFTPOS... not quite sure if that's what its called in the states) if we're heading out on the town and don't want to worry about change we just take our cards in our pockets - problem solved. In New Zealand we use coins at 10c, 20c, 50c, $1 and $2. Then notes are $5, $10, $20, $50 and $100. The $1 and $2 coins were introduced within my lifetime, at the same time that 1c and 2c coins were removed. Within the last five years, we’ve also lost the 5c coin. Although I wasn’t old enough to care when $1 and $2 notes became coins (heck, 50c was still a lot of money to me back then), I can’t remember anybody being terribly upset at the change over. As one commenter has already pointed out, most wallets sold over here have a built in change purse (even guys wallets) and in a society that relies mainly on plastic (EFTPOS… not quite sure if that’s what its called in the states) if we’re heading out on the town and don’t want to worry about change we just take our cards in our pockets – problem solved.

]]> By: Craig http://www.cleverdude.com/content/the-biggest-problem-with-dollar-coins-personal-experience/comment-page-1/#comment-31409 Craig Mon, 24 Nov 2008 22:42:22 +0000 http://www.cleverdude.com/?p=1658#comment-31409 I didn't have as many issues with losing my dollar coins when I was abroad. What I found out though, was that it's so much easier to lose track of them and use them more frequently. It's harder to budget and see how much you are spending with dollar coins. We are so used to spare change and just kind of dumping it and not taking it seriously. I had that mentality abroad and would use dollar and in Europe 2$Euro coins like it was nothing. Of course it adds up very quickly. You are less likely to use dollars than coins. Craig www.budgetpulse.com I didn’t have as many issues with losing my dollar coins when I was abroad. What I found out though, was that it’s so much easier to lose track of them and use them more frequently. It’s harder to budget and see how much you are spending with dollar coins. We are so used to spare change and just kind of dumping it and not taking it seriously. I had that mentality abroad and would use dollar and in Europe 2$Euro coins like it was nothing. Of course it adds up very quickly. You are less likely to use dollars than coins.

Craig
http://www.budgetpulse.com

]]>