Replacing $1 Bills with $1 Coins Could Save America Billions

http://www.good.is/post/report-replacing-1-bills-with-1-coins-could-save-america-billions/

by ggordan • 15 years ago

1 5 15 years ago

petercooper2• 15 years ago

And cost service workers who get dollar bills as tips. See how often people give pound coins as tips in the UK.. I'd tip a lot if we had pound notes back!

pivo• 15 years ago

What is it about pound coins that make them less likely to be used for tips? Is it the extra bulk in your pocket?

ggordan2• 15 years ago

Might be the fact that it doesn't seem like a lot. A paper bill gives the impression that it's a lot of money, whereas a coin just seems like loose change.

petercooper2• 15 years ago

My belief is that there's a social contract to not analyse the amount of a tip given in cash at the time it is given. You don't usually count out a tip or say how much you're giving - you're more likely to "slip" them a twenty or the like.

With coins, there's no way to maintain an ambiguity over the amount. If it's a coin, it's clearly a small amount and since coins are very easily identifiable (compared to notes), that social expectation is broken.

ggordan2• 15 years ago

I understand where you're coming from. I'm from the UK as well, and it's not the best feeling tipping with coins.

Whether it would cost service works tips is debatable though. Especially considering most people pay by card nowadays, and tips are included in the bill.

Replacing $1 Bills with $1 Coins Could Save America Billions

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