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Wow, as someone from the US I always thought the $1 notes were far superior to the equivalent coins in other countries. I dislike having coins in my pocket, but

Wow, as someone from the US I always thought the $1 notes were far superior to the equivalent coins in other countries. I dislike having coins in my pocket, but already have a note or 2. Adding a couple more adds negligent space.

rightbyte 3y ago
You ruin notes if you put them in your pocket. Coins you can just drop in the coin pocket on jeans. I wish the 1USD coin was more than a legal tender collector item. Maybe up to 2USD would be nice.
- rascul 3y ago
  I carry my cash in a pocket on my pants. It doesn't get ruined.
  - rightbyte 3y ago
    Maybe it is because I put my hands in my pocket all the time or something if I am the only one with this problem ..
    - ldhough 3y ago
      Definitely not the only one, an entire country decided that durability is important for the $1 denomination, I'll copy what I posted above: I was recently in El Salvador, which uses the USD as an official currency (alongside BTC lol). Despite using dollars, the $1 coins are used instead of notes almost exclusively for that denomination (mostly presidential dollars and some silver Susan B Anthony dollars). I was curious and did a bit of research, apparently the reason is that because day-to-day transactions are done almost entirely in small amounts of cash the paper notes have a very short lifespan (apparently <1yr) there, while coins will last decades.
- toast0 3y ago
  Maybe some notes, but $1 bills are pretty durable. And most places will take them in nearly any condition, although, I did have a merchant in Ocean City, NJ recently that wouldn't take a $1 with a small tear, and I hear merchants overseas do want pristine USD.
  - dijit 3y ago
    More andecdotes but I've had british pound coins that were minted in the early 60's still in passable condition; nearly every dollar bill I've had in the US has been grimy and darkened and felt like it was three seconds from falling apart. (ok, hyperbole, but I've had a few like that) The US note was printed after 2001, that's a considerable time difference. Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent.
    - toast0 3y ago
      > nearly every dollar bill I've had in the US has been grimy and darkened and felt like it was three seconds from falling apart. Yeah, that's how they are, but feeling like they're going to fall apart and actually falling appart are two different things. > Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent. $20 bills tend to get picked up at the bank, spent at a merchant, and deposited at a bank. Banks will send worn notes to be retired. Many businesses don't take bills larger than $20, so don't use $20s to make change. It's uncommon to pay vendors and employees in cash, so merchants end up with a surplus of $20s that need to be deposited. $1 bills are used in change, so they tend to get exchanged frequently. Few consumers will deal with $1s at a bank, and many businesses won't ever deposit them, but may need to make withdrawls in $1s so they can make change. They tend to pass through many hands before they get back to a bank where their condition can be checked.
    - darrenf 3y ago
      > More andecdotes but I've had british pound coins that were minted in the early 60's still in passable condition; The sterling pound coin was introduced in 1983. The 60s were pre-decimalisation even.
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rightbyte 3y ago

You ruin notes if you put them in your pocket. Coins you can just drop in the coin pocket on jeans. I wish the 1USD coin was more than a legal tender collector item. Maybe up to 2USD would be nice.

rascul 3y ago
I carry my cash in a pocket on my pants. It doesn't get ruined.
- rightbyte 3y ago
  Maybe it is because I put my hands in my pocket all the time or something if I am the only one with this problem ..
  - ldhough 3y ago
    Definitely not the only one, an entire country decided that durability is important for the $1 denomination, I'll copy what I posted above: I was recently in El Salvador, which uses the USD as an official currency (alongside BTC lol). Despite using dollars, the $1 coins are used instead of notes almost exclusively for that denomination (mostly presidential dollars and some silver Susan B Anthony dollars). I was curious and did a bit of research, apparently the reason is that because day-to-day transactions are done almost entirely in small amounts of cash the paper notes have a very short lifespan (apparently <1yr) there, while coins will last decades.
toast0 3y ago
Maybe some notes, but $1 bills are pretty durable. And most places will take them in nearly any condition, although, I did have a merchant in Ocean City, NJ recently that wouldn't take a $1 with a small tear, and I hear merchants overseas do want pristine USD.
- dijit 3y ago
  More andecdotes but I've had british pound coins that were minted in the early 60's still in passable condition; nearly every dollar bill I've had in the US has been grimy and darkened and felt like it was three seconds from falling apart. (ok, hyperbole, but I've had a few like that) The US note was printed after 2001, that's a considerable time difference. Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent.
  - toast0 3y ago
    > nearly every dollar bill I've had in the US has been grimy and darkened and felt like it was three seconds from falling apart. Yeah, that's how they are, but feeling like they're going to fall apart and actually falling appart are two different things. > Though your $20 notes are usually in excellent condition for some reason compared to the british equivalent. $20 bills tend to get picked up at the bank, spent at a merchant, and deposited at a bank. Banks will send worn notes to be retired. Many businesses don't take bills larger than $20, so don't use $20s to make change. It's uncommon to pay vendors and employees in cash, so merchants end up with a surplus of $20s that need to be deposited. $1 bills are used in change, so they tend to get exchanged frequently. Few consumers will deal with $1s at a bank, and many businesses won't ever deposit them, but may need to make withdrawls in $1s so they can make change. They tend to pass through many hands before they get back to a bank where their condition can be checked.
  - darrenf 3y ago
    > More andecdotes but I've had british pound coins that were minted in the early 60's still in passable condition; The sterling pound coin was introduced in 1983. The 60s were pre-decimalisation even.

deleted 3y ago

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