The US' Terrible Mistake of Selling $1 Coins for $1
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- Опубліковано 7 лип 2024
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I can remember in grade school when my mom had given me lunch money in the form of three gold $1 coins. I went hungry that day because the lunch lady didn’t know it was legal us tender
A guy tried to spend a $2 bill.
The clerk called a cop
As both of them were mellinials neither had ever seen, let alone spent a $2 bill.
They were too busy arresting him for passing counterfeit currency too search "is a $2 bill real?" Online.
He was released from custody when the Sgt. laughed, then told the young fool to let him go.
@@corey_the_bird3086 Dumb phone adds them automatically then I have to go redact them.
Thanks for reminding me I neglected to edit them out.
Can you believe kids now days call the po po on people for trying to pay with 2$bills in fast food dives that's Hilarious.
😆😆😆😆😅
@@corey_the_bird3086 Everyone's phone has a different ghost in the machine.
“Sir, what are your intentions with this loan” “I’m gonna go buy money”
I laughed. Hahahahahahaha.
Ok that sounded funnier in my head ok.
Banks unironically do this a lot
That is the answer, smart people give.
Dumbasses say:
I am going to buy a bunch of shit that will not hold or gain value. Like a job, house, college education, vocational training, stock, bonds, or ETFs.
You are indeed a wise man.
@@jamesedwards3923 ?
@@jamesedwards3923 why are you buying a job
I ordered 5000 of them, and rather than just cheese it and put them in the bank, I actually used them as intended. It took a couple years to get rid of them all. They were rare enough that you'd get weird looks at the drive thru or wherever you tried to spend them.
I got two rolls from my bank and intend to circulate them.
I know some coin collector is furious that I put two fresh mint rolled coins into circulation but it's what the coin gods intended.
I recommend you get some more, any bank can still order them, they're a fun way to express yourself while buying things.
Did you swim in them a la a certain famous duck?
Probably would have made more in interest if you kept it in the bank
@@andrej7941 It was 0.01% savings rates back then
@@JoshGrigonis yeah, but the stock market was 16%
Bill signed the anti-bill bill, which racked up a huge bill for said Bill
Its hard to bill-ieve
The final bill for Bill's bill was in the billions.
I'm sorry. We have never had a Bill with the executive authority to sign a bill. Sorry to break it to you. That's not his name.
This deserves more likes
Dont forget that with the Anti-Bill bill Bill created BILLions of non-bills
I literally have 88 dollar coins. When I was a kid I thought it was made out of real gold so I hoarded them.
Keep em for when ur old
i thought you meant you had an 88 dollar coin, was so confused for a little
Keep them to troll your grandkids.
Bilimin Sırları how can I cash my one dollar coins in for cash
@@transparentseethru4832 your question looks like a recursive function
“Imagine all the amazing things the US government could do with $5b” hahahahahahahaha that’s a good one.
A billion here, a billion there, eventually you're talking real money. (I can't recall which member of Congress to attribute the quote to. Maybe the same one who said that America should just declare glorious victory in Vietnam and go home.)
@@bearcubdaycare or one of the ones who said "Social Security doesnt need a cost of living increase, people on SS just need to budget better" and two weeks later said "Its impossible to live comfortably on less than 150k a year"
Guns, lots of guns... and a tank
White house person: Mr president we have 5 billion dollars
Donald trump:Build me a Golf coarse
new cupholders for an army truck going by these days. Defence contracting is pure graft.
I loved the dollar coin era. I bought so many, my friends started using "to coin" as a verb. If I owed someone a hundred bucks, Id repay them with four rolls of dollar coins aka coin em. I hated taking them to the bank, so I used them for everything. Every bartender, delivery guy, driver, etc would get coined.
I was a cashier in this era. Some customers specifically requested dollar coins instead of dollar bills.
So your friends coined “to coin”
Lmao, seemed fun
@Комендант Sixto this is the real reason for switching to coins.
"To coin" was already a verb.
Being from Canada, I can't imagine not having coins for $1 and $2. While visiting the states, it felt insanely strange to count out $1 bills, especially while using vending machines
Yeah I love our loonies ($1 coins)
I don’t understand how it works so well in Canada but not the US, I think the US should still at least try to get it popular
@@tonyrahme96 it's because the US half-assed implementing them, and so people refused to accept them because no one likes change in their life (haha, get it?).
Speaking of US currency, their bills suck, and it's ridiculous that they refuse to use a $1 coin when they still use pennies.
Loonies suck at strip clubs
@@blakecampanella2502 The only real problem with US bills is the lack of any tactile indicator of value like other currencies have
why didn't they just stop printing 1 dollar bills?
people already had dollar bills in their possession
Yes, but that's how you take 'old' money out of circulation: every time money is being deposited at a bank, you siphon off the old bills and send them back to the national bank or the mint (depending on the country).
You only give out the new bills or coins uppon a withdrawal.
Because that would make huge public anger
Because people would have been pissed. Since this decision was made by politicians, they didn't want to vote on something that would piss off voters. Besides, it could had been harmful to people who rely on tips to get by. No more bills, no more tips.(And no people wouldn't just tip coins instead, they'll stop carrying coins and just their card everywhere)
@@Thumbsupurbum As someone living in europe, we constantly tip 1 euro coins, so I don't feel like that would be the case
"What could the US use 5 billion dollars for?"
Funding the Iraq War for *one week,* apparently.
"Day". One day Vito.
Or funding half the James Webb Space Telescope, but priorities, I guess
@@GoogleDoesEvil I think most people would say those are more important than the military
@@GoogleDoesEvil I love how you're telling me I'm in a bubble and yet make the assertion that the entire republican party thinks that the military is more important than social security and welfare.
@@GoogleDoesEvil 18% is a lot
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
Bot
I used to get rolls of $1 coins to use specifically in places that had really dumb looking cashiers just so I could hear them say "That's not a dollar, that's a quarter".
@Q this is why I carry two dollar bills.
You are all painfully pathetic to go out of your way to try to feel superior to some random service workers trying to get through their day. How empty are your lives? Here's another one, "Do YoU tAkE FeRdErAL rEsEaRvE nOtEs???" Do something productive with your time. Contribute to society in a positive way if you have that kind of free time and energy
In Ecuador we use de US dollar and the 1 dollar coins are everywhere. When I went to the US and tried to pay with 1 dollar coins they looked weird at me 😂
So true even at the pharmacy or the grocery store.
Use a $2 dollar bill and the store clerk might call the Secret Service on you thinking you are trying to use counterfeit money.
@@poodlescone9700 Even $2 bills are more popularvthan thr $1 coins believe it or not. The only way for you the get the pesky coina are at the Subway fare vending machines that can give you a maximum change of $6 in coins with a $14 purchase.
Came here to say the same thing. It’s quite hard to spot a dollar bill here. The coins are everywhere.
I was just going to comment the same thing, here is the other way around
in New Zealand when they introduced $1 and $2 coins they actually slowly removed $1 and $2 notes from circulation so there was no choice but to use them, like it or not.
that makes much too much sense for Americans to accept
"My wallet, my choice!"
Brazil did the same (but only with $1, that is the hightest value coin)
Yeah, that was the problem here - the government didn't remove bills. I was in Germany when they introduced the 5 DM coin.. they removed the 5DM bills from general circulation. Ironically enough the only time I ever got a 5DM note in change it was from a government agency. (it was also uncirculated)
Like any other normal country would.
And that's when American revolt and melt the coins down to shoot the government for forcing us to use those coins. Americans Attacked their own capitol don't think it can't get worse.
I remember needing some quarters to use a penny rolling machine and I saw a vending machine next to it. So I put a dollar in and pushed the nevermind button and got a $1 coin instead, needless to say my day was ruined
Vending machines aren’t change machines
I actually really enjoyed using the vending machines at the laundromat and such as a kid/teenager. Getting those $1 'gold' coins back was so amazing to me at the time, since I'd never seen them, and didn't get them from anywhere else EXCEPT vending machines and such. My dad is a disabled vet, so I had more exposure to $2 bills at least!
Spread your love of dollar coins.
It's simple, any bank can order $1 coin rolls, get them and use them. Yes you won't make much of a difference to the overall circulation of the coins but you will increase the chance that it will be given as change and introduce someone else to dollar coins.
One roll is $25, might as well try it.
$1 and 50¢ coins are very neat coins that I strongly believe should be used more.
I think we should switch to coins.
They’re cooler plus when they jingle you feel rich.
That’s it.
I have no other reasons
(Edit 1 year later)
Fuck coins I’m all about the paper
Yea, but if you live in an urban environment. People know you have money.
I go with the slow and low approach. People think I dress like a lower class bum who has nothing. It works for me.
@@jamesedwards3923
Lmao ur poor lol
Stacks of coins can be used for a rich-man's version of Pog.
@@jamesedwards3923 *jingle*
"Oh shit, that guy has between zero and ten dollars! Let's mug him"
@@sauercrowder lol this made me chuckle 😂
Why we should use dollar coins:
A huge stack of gold-coloured coins looks way cooler than a stack of bills with "1" on each of them.
Yeah but they are heavy.
Um so you care about US currency but you are from the UK
The American money system makes no sense why are they not waterproof and why do you need a $1 note
Darien C True, why aren’t our bills waterproof? Also, dollar coins are so much more useful as instead of a huge wad of bills, I carry the same amount with less space. And why the hell are we still minting pennies when they have hardly any value and cost more to mint than they’re worth?
@@darien6249 We have dollar stores.
They are actually very common in countries other than the US that uses the USD, like here in Ecuador, they're really all you have for one dollar, you pretty much never have dollar bills
Ecuador changed over to the US dollar in the 2000. My wife is from Ecuador and when we go there I noticed that the dollar coin is used everywhere. Now I know why.
doubt they had free international shipping
Actually, selling the coins at face value wasn't the mistake - even with the credit card fee. The "mistake" was in the free shipping.
Who in their right mind would pay over $1 to recieve $1?
@@zombieguyproducion There was a big story about this years ago, and the video did a poor job explaining it. One guy was able to get a million points on his airline card. This made him a "premium" frequent flyer for life. He gets automatic 1rst class upgrades, priority seating (he can't get bumped), concierge service, for life. In addition, he got something like the equivalent of 20 free domestic or 4-5 big international flights for free. All for picking up coins at his mailbox and driving them to the bank. One guy broke his axle he had so many in his trunk. If you had a cash back card, spending $1 million over a year earned you $10K back - and I'm not sure that income is reported.
What the video also got wrong was that the credit card fee was the screw to the government. it wasn't, not by a long shot. It was the free shipping of hundreds/thousands of pounds (or kilos if you prefer) of coins via the US postal service. Sending just a 100 coins would have cost about $5 in postage; but because the government "paid" for this (that means the taxpayers), the excessive coin buyer dodged hundreds if not thousands of dollars in postage fees. The smarter move would have been for the government to limit the free shipping to like 500 coins per year.
Still, if you recognized this when it happened, and took advantage of it you didn't do anything wrong; and a few people who really miked it have travel perks that continue to this day.
@@kd8opi I think you missunderstood my comment.
If you removed free shipping then the price of buying a dollar coin would go above $1. You'd be losing money on buying the coins 🤷♂️
The mint would have to pay an armored truck to deliver that cash (or coin) to a bank for regular distribution. I don't know how much per pound armored trucks charge but it isn't done for free like they run a charity. ACH was in use back in 2011 so they should have just required a bank draft or mail in a check or money order and add a processing fee for cards just like the tax office charges.
@@TheAnantaSesa They just left it at your door. You can google the stories about it - it was crazy. People would get 10K in coins, and it weighed like 300 lbs. Then they'd have to deposit them in their bank, but most banks wouldn't take that many at once, so you had to do it over time, like $1000/day. One guy managed to get 4 million airline miles in one year.
3:19 You can't ever run away from aviation.
Just like some channel named Wendover Prod...
Oh.
I WAS SO HAPPY SEEING THE PLANE
2:03 too
Yusuf what r u guys even on about
Well no, of course not. You'll have to outfly it... ;-)
"Anti Bill bill"
Everyone named Bill: *sweats profusely*
Imagine having my $1 coins delivered on an RQ-4 Global Hawk that was modified to have a $1 coin insert lol.
In Europe, euro coins are very common, like bills
When we see your 1$ bills, its kinda weird
i was actually shocked when i found out the US uses 1 dollar biils.
@@DerToasti I heard that there are 2 dollar bills, I thought it was joke money.
Now its all joke money. When you pay your bills, it means you're paying off a debt.
Now they payoff one debt with another..... isn't that what a ponzi scheme is?
@@harryzero1566 thats almost the definition of a ponzi scheme
China uses 1￥ Bills which are worth like 0,12€ or something around 0.11$. We have Coins too which are used for vending machines for example but everyone prefers bills
Or go to Japan where there's 500 yen coins worth five times more. Current design looks beautiful with the big gold 500 and its size and weight worth its value. With the country's cash dependency and abundancy of vending machines, you'll need them.
Me and the 1 dollar coins have one thing in common: *just laying around and useless*
Those are 2 things you have in common.
This video was only Half As Interesting to me
Sounds like an line from my school report.....
Every time I visit the US I miss the 1€,2€ and 50ct coins. Got a 1$ coin but I gave it away
Anytime I get cash I get dollar coins. Especially if I'm going on a trip. I'll get a roll or two of dollar coins and use that for small purchases like drinks on the drive up so I don't have to dig out my wallet. I also tend to have an easier time keeping track of my spending than when I'm using bills.
Every time we used to visit my great grandma before she had passed, each of us kids at the time would get a dollar coin. To this day still have the container of dollar coins from her and will occasionally use dollar coins I get from the laundry mat. Was surprised when gold coins stared falling out of the change machine at first
Always saw those gold dollar coins as something commemorative and special to keep like the state quarters, not to spend. Got a good handful of them in bday money as a kid... Never knew about the bill replacement bill or any of this.
basically all quarters produced for 20 years were state quarters. I think they're similar function/form balance
They should've taken a SkillShare class on how money works
Why Politicians already know what they need to know, lie, lie some more, and lie with a straight face, and lie again.
A skillshare class on basic math would’ve sufficed. Heck a skillshare class on common sense would’ve raised a bunch of red flags.
Its the government they can do anything right. And people actually want them to be in charge of our health. What a joke.
Learning new skills is not a free money machine. It is subject to demnand for skills in the job market or demand for your services should you want to float your own. It is, at the most, free if you choose not to take up a paid plan. This is the reality of continuous education. :x
@@centpushups better the corporations who dont understand why putting 20 grams of sugar in milk to get you addicted isnt a good idea.
They forgot to just stop producing dollar bills.
matthew portilla how would strippers get paid then
@@ap7k533 In two dollar bills..
@d_a_n_y You think people pay them exactly one dollar each??
ap7 K5 via $1 headshots
@d_a_n_y or people who throw bills at strippers could cut the frequency of throwing bills in half
I used to be a cashier around that time. Every shift I'd get like two $1 coins. They didn't fit in the till slots, and other customers never wanted them, so you'd just stuff in under the register and hold onto them all day and put them in the safe....to be deposited into the bank.
Grabbed 50 bucks of coins the other day and decided to use them for my weekend expenses, pretty funny how many younger people don't even know about these. I had quite a few confused cashiers, and a few i don't think we can accept that here's lol. Definitely will do ever weekend lol
And that's the story of how Scrooge McDuck got his pool.
The most underrated comment around
2.4m coins... Yeah, seems fair
That’s exactly what I was thinking
I pay with dollar coins, $2 bills, and 50 cent pieces just to make cashiers confused.
just as we do right here in Ecuador
Ricardo Yoncón Romero I bet $1 buys a lot more in Ecuador than it does in the US. You can barely even buy a candy bar for a dollar anymore here.
Hughes Enterprises you’re right: whether at Taco Bell or the bank they really have to rethink the money. Of course at Taco Bell they actually may doubt the existence of 2 dollar bills. A lot of cashiers disappear for a few seconds to talk to the assistant manager and verify it’s legitimate. Cheers Bill
I used to love when people paid using them. I would keep them, & put my own money in the register.
Hughes Enterprises that’s funny.
Big problem with them was they are very close in size to the quarter ($0.25), a very common coin. The dollar coins from the past were easily distinquished from the quarter.
@@happydogg312 Ikes are 50c
I had a good friend who loved these coins because they looked like gold. He was part of my regular poker. One weekend when we were going to play poker I had gone out and got a several hundred dollars in the gold $1.00 coins. That evening when people started to buy in to the game I took their paper money for the poker chips. As people cashed out I paid them off in the gold $1.00 coins. He did not fair that well in the game, but bought up about $100.00 in the gold coins at the end of the night. They were fun to have at the time, but paper money is easier for me in our poker games. PJ
2:36 Me, a European walking around with a kilo of Euros in my wallet: what's the problem with coins
Honestly using euro coins is pretty easy.
#Love coins.
Would you prefer to have a stack of bills filling your wallet that equal to like 15 euros? I wouldn't
@dumdum 71 around 2 pounds
@@DimT670 ehm no... you just own a 10 euro bill and then for example 2 2 euro coins and 1 1 euro coin... as easy as that...
@Fmono • 38 years ago • Updated lmao mate i cant stop laughing
Having used euros for my entire life, I found the fact that the US has 1 dollar bills pretty weird
Bulgaria has 2BGN coins and notes, which really threw me off
Christian Jiang yeah I’m Australian and we have $1 and 2 coins, with $5, 10, 20, 50, and 100 notes. Also Australia’s notes are the most advanced in the world, It’s weird thinking that most other country’s have paper notes
Max Nikolovski The UK have similar notes to yours, as well as Canadians
plus Canadian bills are great, they’re waterproof *and* colour coded 😏
@@ChristianJiang If I recall well.
Australia was the first to switch to plastic notes. The reason I have been told, was that you could go the beach, swimming with your notes in your pocket. Good enough of a reason for me.
I moved to the USA in 2010. Today I learned that there's a such thing as a US $1 coin.
Call your bank and order a box
Check out the jumbo 50 cent coin that ones gnarly
I bought all those coins I could find at my local bank!! They only had about one hundred dollars or so laying around AND then I bought a small wooden box to place them in for my daughter's birthday every year... I made a note and placed it in the box that said "You are the greatest treasure a dad could have!"
I actually see these coins semi-frequently. Just got one back as change the other day and used it at the same gas station the next day.
I work at a gas station I just turned 467$ to the bank.
@@SilverWatcher. What?
1 dollar coins
I get them from the vending machine at my school
@@maxpiatetsky3513 no.
my grandpa gives me my christmas money in $1 coins and my mom won't let me spend them because they're "special" so now I have a few hundred of $1 coins just sitting in jars in my room
Bruh they still make them
There's still tons of vending machines that give them
Quinn search for Cheerios Sacagawea coin. You may have something special in that jar after all
@@brandonrogers917 in very small quantities. You can often find people who will give more than $1 for a $1 coin. I collect them from vending machines, and toll booths. Since they're identified as quarters over $1 coins
Gonna be pretty amazing when you get to pay for an airline ticket with a 10 pound jar of money someday
You know this money you got which literally exists for you to spend it? Yeah don't spend that shit
In 2012 I put $40 into a Boston MBTA machine for my train tickets and got back like 30 of these coins. It was an actual nightmare walking around with them that day for 10 hours.
Super late response, when i was a kid i took the subway to the bus to the amusement park. put a 50 dollar bill in to pay for my week bus pass. got 43 dollars in coins back because it was out of cash. I was wearing underarmor loose basketball shorts with big pockets. First ride I go on, im so excited to sit in the front i forget about the 4 pounds of jingling coins and when we go on the strait up I hear ping ping ping ouch ouch what the fuck ouch is that money ouch. as the coins fall from my pocket and pinballed all the way down the rows of people sitting helplessly getting blasted in the face by falling dollar coins.
The part that the author didn't mention is the effect on airlines frequent flyer premium programs. At the time this program went into effect, both United and American had methods of attaining lifetime frequent flyer levels. For AA, you could reach lifetime Gold for having accumulated 1,000,000 miles and lifetime Platinum for 2,000,000 and the miles could come from any source - including credit cards. There is a story that has circulated for years that at least one person bought (and sold) 2.2 million $1 coins, thereby reaching permanent Platinum status without setting foot on an airplane. That status has some nice perks, like two checked bags at no cost and no charge for upgraded seats like exit rows. American never changed their general program of being able to get miles from credit card purchase, but they did change their lifetime status program - now, for miles to count towards permanent status, they have to be miles you've flown. Credit card miles don't count. So the $1 purchase program changed the way both United and AA ran their frequent flyer programs.
The real question is why would anyone choose to fly AA in the first place.
If we stop printing 1$ bills and only made dollar coins we would be forced to use dollar coins sooner or later
thank you
facts
that's literally how Canada switched to dollar coins
@@ichijofestival2576 surely a single dollar can't be that worthless? Can you literally not buy anything for a dollar?
@Warrior Son ya we could. Switching to the metric system really ain't that hard
**in an F22**
Pilot: I feel like a drink
**pulls out a dollar bill**
Pilot: well shit
* Throws coin at reaper drone *
please deposit $120000(in coins) to fire that missile
@@artbrann *Sponsored by:*
Electronic Arts
@@dzidkapl EA would also have cash addons for the firing control, targeting, weapon hard points, and probably a few more things I am forgetting
I’m curious how do you do bold writing
I used to like the look of these when I was in elementary so my mom would sometimes give one to me if she ever found one of these coins. Still have a Wampanoag Treaty dollar coin from 2011
I still use these because it’s hilarious when you use them to pay for the things and people stare at you in disbelief. 😂
I have a distinct memory of trying to buy a transit pass from a vending machine with a $20 bill and getting $15 in dollar coins. It was fun.
Same happened to me at an automated toll booth. Put in a $10 bill and got 8 dollar coins. It was at night and dark so at first I thought I was swindled thinking they were quarters.
I go to my central bus station... thing on a weekly basis to exchange my bills for $1 coins. They are smaller (in terms of area), easier to manage (you can literally feel the difference between them), and they don’t contain trace amounts of cocaine.
David Lev would you have preferred to get 60 quarters instead of 15 dollar coins? I’ve never seen a vending machine spit out paper money...
@@jpe1 The self-checkout machines at Walmart provide paper currency as change, so it is certainly possible for vending machines to also do this.
Eternal Tech ATMs also dispense paper money, so I certainly agree that vending machines *could* use such technology as in supermarket automatic checkouts and ATMs, but for whatever reason they don’t. Actually, that’s a really good question, why don’t more vending machines dispense paper money?
This is the most American problem I've ever heard
Yeah, government bureaucrats coming up with what they think is a great idea and trying to force it on the public. Very sadly an American thing for a while now.
Ever hear of 'government cheese'? Same energy
1st world problems am I rite?
The American problem is that they didn't just pull the dollar bills out of circulation if they wanted to switch to coins, like every other country that has done this.
u shut up
When I was driving truck all over the country, I always stacked up on these coins and used them mostly for tips while I was traveling. People loved them.
I don’t think I’ve ever used a $1 coin, but I remember looking at them when I was little like “ooooooh, shiny…”
"just imagine all the good things the US could do with that money"
*Screams in middle east*
Did someone yell "ALLAHU AKBAR"?
@@h8GW ye in the mosque next to my house
Bomb millions for oil and pipelines in an excuse to fight against 'nukes' which they never had?
@@h8GW what do you mean?
Discover: “The one where you have to discover the 3 stores that accept it” 😭😂😂
I assumed he meant American Express, since nobody takes that but most stores take Discover.
@@theconfusingwords there's actually a neighborhood in new york where all the restaurants will only accept American Express. It's the weirdest thing.
@@TheMetrored Its because Amex is for people who have good money and NYC is expensive. I stick with my Venture Card cause its visa and taken anywhere credit is taken
@@theconfusingwords it’s because they are too biased to the consumer; in the businesses eyes that is.
@@theconfusingwords so I'm not from the US but why is amex hated? Do they charge higher merchant fees or something? If they don't it seems dumb to turn people away for the brand of card they use
When I was a kid in the UK the Royal Mint would issue "Legal Tender" commemorative five shilling crown coins at the face value through banks. These were not in general circulation, but you could cash them in for face value at banks and Post Offices. So they became subject to the airmiles scheme, where people would purchase coins by credit card for the air miles, and then pay them straight back in at the bank. Overnight, these coins were redefined as "non-circulating" legal tender and the banks stopped accepting them. Now they can only be used to pay certain limited payment types to the government. The other affect of this is that you can no longer get commemorative coins at face value from your local bank. Instead, The Royal Mint is selling commemorative £5 coins for a minimum of £13 or £15.
The only notes in the UK are £5, £10, £20, and the rare £50, and it's been that way as long as I can remember. We've also switched from paper to polymer notes in the last few years, The last paper notes cease to be legal tender later this year.
In the land down under (Australia) we have $5 $10 $20 $50 $100 notes
Those are the only notes _in England._ Scotland and Northern Ireland also have £100 notes.
@@PureExile ive never even seen a £50 note let alone £100
@@Makalon102 Yeah. They're very common in casinos (no £100 notes in England ofc) but that's about it.
Why don't they just circulate the $1 coin in the same way how you would phase out old series coins or banknotes (like the new £1 coin)?
Just produce the coins, distribute them to banks, who will then begin handing those to people, and then set a deadline where $1 banknotes cease to be legal tender.
Federal reserve notes never have their value taken away. It might not be possible.
American are not that smart compare to the brits
That isn't how they take old currency out of circulation. The way they do that is they just take it out of circulation as they come in without any attempt or threat to make them no longer legal tender.
@The Honkening mate chill the fuck down no one wants listen to your shit. go on how your country won blah blah blah we dont care so u waste energy typing.
This has happened in India and it was not so well appreciated by the people
I'm imagining the F22 vending machine. "Afterburner: $1-1 minute: Insert Coin"
Given they're chewing through about 90 gallons of JP8 per minute per engine at max afterburner, I'd say that's a steal
I heard it cost around 50k per hour to operate, so around $1000 per minute
@@sszhao11 maybe fuel is 50k but overall flight per hour cost more then 200k!
If they ever decide to let game companies write the software for their jets, you better believe they'll have that feature.
Hey, it's optional, the afterburner is just a time saver.
$1 per minute of afterburners. We would rule the would with that cost to effectiveness
The gold dollar coins were used at my house whenever the tooth fairy visited. That's about all they were good for.
Back in the early 80's, I remember my father giving me a Susan B. Anthony dollar coin for my lunch money. The cafeteria lady thought is was a quarter. She finally accepted it, but she clearly wasn't happy about it. She just set it aside because she didn't have a slot in her cash box for novelty money.
2:15 WHERE is this all-mustard vending machine???
I remember this. Shipping from the mint was free...and those coins were heavy. I bought a few hundred dollars worth of coins, but I remember thinking about the points I was earning on "an even transaction." Oddly, if you kept the coins in their original rolls from the mint, they are worth more than face value now. (If you sell them as mint rolls in their original US Mint wrappers.)
I guess I'm one of the few Americans that likes the concept of dollar coins.
Alex,
They don't bother me any either my man! But I'm a numismatist!
dan smolen
Same, it’s just I like the dollar coins too much to want to spend them 😅
ever carry $20.00 in coin? kind of heavy in the pocket. In the store we have a coin machine and the dollar and half dollar bags are almost always empty with only a small handful in each. In fact I don't remember ever seeing those two bags being changed, in the five years we have had the machine.
@@Delgen1951 how often do you carry $20 in $1 bills though? Just as cumbersome with how much it expands my wallet.
@@Delgen1951 what kind of idiot carries $20 of dollar coins. Why not just carry a bill.
I used to be a bookkeeper and whenever we got dollar coins they almost always went straight to the bank. Unless there was only like 1 or 2 and I was too lazy to put them in an envelope and just bought them to spend somewhere else that would then send them to their bank.
Pro tip: using cash back or travel reward credit cards _STILL_ gives you free money, anywhere between 1.5 and 6% back. You can earn even more free money with sign up bonuses. The key is to only spend what you are normally spending (just put it on the card) and pay the card off *in full* each billing period. If you want to increase your credit score, pay the card _before_ your statement comes in, so none of the purchases you made report on the statement, which lowers your revolving utilization, which makes up 30% of your score (second largest factor, first being on-time payments at 35%). Ideal utilization (total available credit across all lines of credit) is 1%, not 0, and certainly not 10 or higher.
2:02 So, a pilot steps into the cockpit of F22. The HUD would indicating "Insert Coin"
*Flying over the desert*
"Insert coin to continue flight" as the engines slowly stop operating and the plane begins to slowly drop to an inevitable demise. The pilot is out of coins
they also have a vending machine on the ISS
Nah it would be the F-35 just to make it even more of a money sink.
I remember I used a dollar coin and a half dollar at a Wendy’s for a frosty and the woman did not know what they even were and questioned if i counterfeited these coins.
Edit: removed last part because people can’t take a joke.
Whoa, half dollars are pretty rare. I think i still have a really old one from my grandfather as an heirloom. I think it was the 1881 minting because I cant remember it well, but think it said 1881 on it, although I still feel like JFK's outline on the JFK coin looks more like what i remember. But yeah anyways, you spent a coin that could've been much more valuable than 50 cents at its face value?
It was a 1973 ... I know what I’m dealing with.
@@Andrux0821 ah very nice
@@andyb2028 I am sorry but he very well might have just spent a normal Kennedy half Dollar, any made after 1971 is worth...well 50 cents.
Want to see a look of sheer confusion? Give any cashier under about 35 years old a 50 cent piece. Last time I did the girl looked at it strange, threw it in the drawer, and gave me back change like it was a $2 coin...which of course has never existed in the United States. 😁😁😁
I actually like the 1$ coins but I haven’t seen one since middle school! I guess because it was a public school, it ALWAYS gave back change in pure coins, including a BUNCH of 1$ coins. They were kinda cool and always made me end up having more money in my wallet than I thought. Like I’d go into my coin purse to look for change and find like 5$ floating around in there. Plus they were just fun and looked pretty. I would not mind having an even split if 1$ coins and bills in circulation, but I haven’t seen one since that vending machine. In fact, I don’t think I ever received one from anywhere but that vending machine. Honestly they’re so rare, it’s a wonder stores even accept them. I’d think people would be suspicious they were fake currency 😅😂😂
I walked up to a ice cream vendor at Disney dressed as a pirate and dropped down a coin purse full of these. I said "Give me your finest". The vendor looked at the coins, then at me, then said "Just take the ice cream".
Whats better then free ice cream ? :D
So in total the $1 coins seem to have a much higher value 🤔😀
Why were you dessed as a pirate?
@@RUSH2112RUSH It was Halloween, did it for the Pirates of the Caribbean.
@@RUSH2112RUSH also, gold coins
I love using $1 coins! The gold ones make me feel like a pirate paying with them.
haha its true
As a Canadian, this is normal to me, but instead of a statue of liberty on the coin, we have a loon.
I second this
The coiNs do seem Good tho like its Good for Everything since using paper kinda is just not Good
Me too. I really wish we did see them in circulation more.
Here in Aus we've had coins as long as I can remember. Apparently went from dollar notes to coins in 1984. We got 5c 10c 20c 50c 1$ 2$. Used to have 1c and 2c which I do remember, but they became impractical in modern times. I imagine we would probably have the same problems if we tried to switch back to dollar notes.
That being said I hardly use either anymore when I can use my phone to pay for stuff.
The last time I used a $1 coin was in 2014, when I took my last trip to the United States.
Living in the UK and not having much cash to travel, it’s crazy to think I’ve probably used these more recently than many US citizens! 😳
Sounds right. I haven’t used a $1 coin in over a decade.
"Imagine all the amazing things that they could do with [$5 Billion]!"
Waste it.
@Rene Descartes Who in turn ensure that the U.S can continually plunder resources to float your high wages lmao.
@Rene Descartes And what a glorious history! No country in the world is a Superpower without a powerful military! Built with oppression and blood, that is the foundation of almost every great country, just look at the Histories of Russia, and China l0l. Plenty of blood spilled. In a world with finite resources, you can't become filthy rich without some people becoming unimaginably poor.
@Rene Descartes Exactly, that is why no country/empire lasts forever. When the people are living in luxury, they loose the will to fight and work. That is what's happening in our country with social welfare lmao. Not a coincidence that the U.S won WW1 and WW2 when the people are hungry and ready to fight coming off a depression. Since then, the U.S has never fought a war that they outright won..... Korean war, Vietnam War, Gulf war, Iraq war etc....
@Rene Descartes L0l what a joke, didn't French pussies surrender to Hitler? The soviet union did more than the rest of the allies combined in Europe. But the U.S would have won in the end even if Britain and France did nothing because they developed the Nuke first....
SEAN L Is the bad history of the U.S due to the misinformation spread about how much gum a elephants eats per year?
*video about dollar*
Why didn't this video is sponsored by Dollar Shave Club?
Cuz folks might start to think that you can shave with coins. We're stupid.
Counterfeiting originally referred to shaving a coin to collect bits of metal. Dollar shave club then might be mistaken for a club for counterfeiters who shave dollar coins to get rich off the gold colored metal bits.
@@TheAnantaSesa How is that counterfeiting? That's more like money laundering.
Zapid; if you pass off 99% of a gold coin as though it is still a whole coin then you have passed illegitimate money aka counterfeit. It shares a lot in common with laundering. The rules have grown to address paper but they were written when money was all coins.
AnantaSesaDas Ah ok, thanks
Interesting to see the logic behind what they were trying to do. I try not to carry coins at all. I stopped carrying a wallet a couple months ago, so now at most I'll have a few random bills in my pocket (if any cash at all).
Hi Crystal thanks for keeping up and reminding us of all your wonderful videos
The anti-bill bill that would make billions of coins.
Nice.
Anti-bill bill?
Imagine being in a strip club and throwing coins instead of bills.
Only idiots and bachelor parties go to strip clubs.
@2 0 strippers work in strip clubs, big difference.
@2 0 they work there and do their thing after hours.
@@1Outis1 r/whoosh
@2 0 okay, you made your point. Mine is that being a customer in a strip club is idiotic. You waste your money on nothing.
2:03 adds the few things that don’t and can’t use a dollar coin 😂 but for the sake of the video I get it
When you invest, you're buying a day you don't have to work
@Ben Kent You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
@@royalhighness8383 It's not ignorance but due to some unprofessional broker in the market
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Learn and trade under a guide I do same and I hardly make losses in the market
So it would have been okay to throw hard coins at strippers
@Steve Terry unless you are Al Bundy who tie a string to the dollar bill and pulls it back. Shoe salesman style.
@Steve Terry true. Lol. Here is how Al does it. Hilarious ua-cam.com/video/vK7oaY3Jeug/v-deo.html
We have $2 coins in canada bigger than the loonie....would leave a great welt on a stripper lol
Hahaha. Funny. I. Did end. They throw me. Out
You can throw change at strippers in Alberta
A vending machine on a drone.that’s the most American thing I’ve ever heard
It's easier to bombard with a cluster of Dollar coins than with real ammunition.
it's also way cheaper
Ichijo Festival that’ll work
Ichijo Festival and cheeseburgers and pizza
It would be more american if the vending machine served fried chicken and mcdonalds while on a bald eagle thats eating twinkies
Back in the late 80's I worked for a U.S. Government Contractor and we had a catalog put out by the U.S. Government of listings of all of the Government contracts that the Government was looking for manufactures to produce. One of the contracts was to produce One Cent blanks for One Cent Coins, in the discerption it stated that the contract would pay TWO CENTS for each ONE CENT blank produced.
My parents talk about having “pound notes” when they were growing up but that seems so outdated to me now, as does the single dollar bill. Euros start notes at €5, as do pounds, and I’ve always associated the paper/polymer currency with a higher value than one. It just feels so unnecessary, like, why would you carry around 10+ pieces of paper to pay with, unless you were heading to a…certain establishment?
And I’m aware I used to ask that question pre-Covid, and now, it’s: why would you carry currency with you? 😂
Coins in general are unnecessary
Obviously when £1 notes were in circulation you could buy a lot more with £1 than you can now.
I just took $40 in nickels and traded them for $40 in dollar coins.
Went right back into the coin jar.
STONKS
@Warrior Son yeap a pack of gum.
@@Delgen1951 lol
Where?
Pineapple Cake at a bank.
Europeans with their 2€ coins: *laughing from a distance*
Australians with their $2 coins, as well.
Apparently our 20 Peso bill will become 20 peso coin.
20 pesos are slightly less than 0.5 dollars.
And Brits with our £1 and £2 coins - though there was a lot of moaning when the £1 coin was introduced in 1983. People just don't like change.
And Canadian Loonies and Toonies.
Though we missed out on calling our $2 coin "Doubloons."
Canadian here. I remember being on vacation in Florida when I was a kid, and getting these back as change at places like Disney World. Never saw them again on subsequent visits.
If we get rid of paper money we can feel like Scrooge McDuck.
I absolutely love dollar coins and I wish they'd caught on a little more, because they feel like old world coin money.
Use precious metals
You love coins? Are you stupid or do you use them as weapons?
@@RabbitsInBlack I love coins too. Sorry if it bothers you that our preferences don't match yours, but that doesn't make us stupid.
@@snowangelnc So you love to carry bricks around. I'm guessing self hate?
@@RabbitsInBlack You're country's coins are as large and heavy as bricks???? Yikes, where do you live?!?!?!
When you were talking about anti-bill bill, I was expecting an image of Bill Clinton. DISAPPOINTED!
Or bill cipher
@@Funlifedoga Idk about you, But A cartoon character from 2016 That's a copy Of The illuminati all seeing eye isn't the first thing that comes in mind to me. Bill Clinton is
Bill signing anti-bill bill...
@@retf8977 the all-seeing eye and illuminati symbol is literally most famously found on American dollar bills...
Nah those were the articles of impeachment
I like collecting them. Also the Us treasury sells the less common ones for like $12 to as high as $30 in packs of 4. That is some serious profits
you can get a roll of $25 for $35, a bag of $100 for $120 and a box of $250 from the US mint website. as there still making them and have a new series
you can also get a box of $1000 from banks
Sam, you are an oratory workhorse! Between this channel, wendover, and your around the world challenge... Huzzah to you, friend. Keep it up
Making it rain? Dollar Bill's.
Bringing the pain. Dollar coins
Move to $1 coins and you can use $2 notes for rain instead. Er, you do have $2 notes, right? I know we used to before we brought in the $2 coin in Australia.
When I worked for the Parks Department every employee that handled cash was required to have at least 10 one dollar coins in their cash drawer. You could actually get written up if you were audited and didn't have the coins in your drawer. They were never given out as change for fear we'd be audited and written up for not having the coins lol.
I live in Philly, and the public transit system is called SEPTA, and loterally the only time I can remember getting 1$ coins was from getting change from.the fare kiosks in 1$ coins
Here in Brazil, there are no more 1BRL bills available, their print was ceased back in 2005, all of them were replaced by coins. Plus, for a short time here, our 20BRL bills were printed on plastic. I don' know why those aren't printed anymore, they were cool and more durable than the usual bills.
I have a 1971 Denver Eisenhower dollar in my coin collection. When i first got my hands on it, i didn't think it was a real coin because of how big it was. Im still impressed.
its big because its based on the old dollar coins
I actually thought they dollar coins were cool.
Tevo77777 I’m in Australia and I think dollar notes are kinda cool but we have $1 $2 coins
They are-but not the poorly designed $usan B. Anthony coins that were to similar in size to a quarter. I get those sometimes in the rolls of dollar coin I pick up monthly at the credit union. The only use I've foound for them is in parking meters.
As a Canadian I don't understand why Americans hate it. I can't imagine having a thick stack of bills and it's just a bunch of $1s. Dollar coins are better.
NHL VAN - why do you imagine we have thick stacks of $1 bills? Lol. Most Americans would carry (for instance) a single 20 dollar bill over twenty one-dollar bills. Also, coins are heavy and obnoxious to carry while bills are light and easy to handle.
@@nhlvan incorrect. Coins are heavier and fall out of wallets. They are inconvenient. I carry 20 dollars in my wallet 5 $1 bills and 3 $5 bills (99% of my purchases are made via nfc). Thats 4 bills. Also in order to have the same amount of money as "a thick stack of bills" you'd probably have over a kilo of coins. No american carries 50 single dollar bills. Most dont even carry over 50 dollars since everything is digitized.
I used to like having these coins growing up. This was a smart move to move our currency into these coins. What I think is a bad move is going digital with our currency. I say lets go back to the Gold Standard so our Dollar values is actually worth something.
I agree, you used to be able to take a dollar (silver certificate) and exchange it for a dollars worth of silver. Now it’s just useless paper and one day probably 20 or so years we’ll probably be fully digital, every purchase, birthday money, and so on tracked and taxed.
Did really well one year at the regional science fair. A local organization gave me a 100 dollar prize - entirely in these dollar coins. Felt so much cooler than bills or a gift card.
Yep, visited Missouri in 2011 and got some dollar coins from a vending machine. I tried to use the coins at a vendor 50ft away, and they looked at me like I was giving them Monopoly money
Next up : Try to convince a cashier to accept a two dollar bill.
To quote an older gentleman I know: "I remember the two dollar bill. I used them in the seventies. Do they even make them anymore?"
And ???
@@klobiforpresident2254 Did you know they do still make a ton of $2 bills? I got a tour of one of the Federal Reserves and they said they make a lot more $2 bills than they get back. (With all the other bills they get back about the same amount they put out) So there's a lot of people just keeping these $2 bills so they can say they have one
@@yourdailygrapes7451
I did not know. I don't live in the USA anymore but when I was there they were a rarity to see.
@@klobiforpresident2254 Got a couple to spend here on the desk. 2013 notes. Trying to decide what store would be the most fun to spend them at...