4 ms·
IMO we should simultaneously introduce a new dollar coin and a two-dollar coin. Once you have two-dollar coins, you're able to conveniently make small purchases
by wcummings 9y ago
IMO we should simultaneously introduce a new dollar coin and a two-dollar coin. Once you have two-dollar coins, you're able to conveniently make small purchases exclusively using coinage.
- semi-extrinsic 9y agoFWIW, both Switzerland and Japan have coins that are about $5 (5 CHF = $5.14 and ¥500 = $4.5 right now).
- Symbiote 9y agoPerhaps a more interesting measure is how many coins it takes to buy a Big Mac, or whether the coins are worth so little it would normally be done with paper money. For example, the Big Mac index of the UK is £3.09, which is fairly reasonable for coins (£2 + £2 + 10p). For Switzerland, it's 6.50Fr, so 5Fr + 1Fr + 0.5Fr. But for the US, it's $5.06, which needs the paper $5.
- nayuki 9y agoIn other words... copy Canada. We have proven that it works already!
- wcummings 9y agoBasically. England, too.