It's not just Americans
I bought some groceries at REWE yesterday. My total came to EUR 40.63. I handed over a 20, 10 and two 5 Euro notes along with a 50 cent, 20 cent, 2 cent and 1 cent coins (40.73). I continued bagging my groceries as the cashier looked at me, then the coins, then me again, counted the coins and looked at me again. She did eventually figure out that I needed 10 cents change. Why is that so difficult a concept?
On the issue of money, it seems the US is once again trying to introduce a dollar coin. My prediction is that this will fail just as the the three before it in my lifetime (Eisenhower, Susan B. Anthony, Sacagawea) have. As radical an idea as it seems, the $1 bill needs to be eliminated if the American public is to accept a dollar coin. While we're at it, let's eliminate the penny.
The Korean won bills had 1000, 5000 and 10000 denominations (roughly equivalent to $1, $5, and $10). Their coins consisted of 500, 100, 50, 10, 5, and 1 (roughly 50, 10, 5, 1, 0.5, and 0.1 cents, although the 5 and 1 won coins were very rare). I found the 4 coins to be a reasonable number, but the system needed larger bills.
The Euro, on the other hand, has a reasonable collection of bills (5, 10, 20, 50, 100, 500) but a their coins confuse me. There is a 1 cent coin and a 5 cent coin, but also a 2 cent coin. Granted, with a 2 cent coin you should never receive more than 3 copper (1, 2, 5) coins in change, but is it that unwieldy?
On the issue of money, it seems the US is once again trying to introduce a dollar coin. My prediction is that this will fail just as the the three before it in my lifetime (Eisenhower, Susan B. Anthony, Sacagawea) have. As radical an idea as it seems, the $1 bill needs to be eliminated if the American public is to accept a dollar coin. While we're at it, let's eliminate the penny.
The Korean won bills had 1000, 5000 and 10000 denominations (roughly equivalent to $1, $5, and $10). Their coins consisted of 500, 100, 50, 10, 5, and 1 (roughly 50, 10, 5, 1, 0.5, and 0.1 cents, although the 5 and 1 won coins were very rare). I found the 4 coins to be a reasonable number, but the system needed larger bills.
The Euro, on the other hand, has a reasonable collection of bills (5, 10, 20, 50, 100, 500) but a their coins confuse me. There is a 1 cent coin and a 5 cent coin, but also a 2 cent coin. Granted, with a 2 cent coin you should never receive more than 3 copper (1, 2, 5) coins in change, but is it that unwieldy?
posted by tcw1138 at 10:13 AM
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