2006-11-26

Show me da money

I'd thought about this before but this amusing story reminded me of it again. I remember some common (ignorant) comments regarding how American's often look at foreign currencies as if they are monopoly money, mostly because they are more colorful and further, often come in different sizes so doesn't seem as "real". So since it's not how it's done here, it sorta looks like play money. Um... right. There were of course some complaints when the new "counterfeit-proof" money came out but that was only because it was a change and of course, all change should be complained about in the US.

Anyhow, after my first trip abroad I had a conversation about the money and it occurred to me how kind of arbitrary the system is here. The Euro's for example were designed with consistency in mind. They go in a constant progression all the way down to the cent. 1, 2, 5, 10, 20, 50 cents, then 1, 2, 5, 10, 20, 50, 100, 200, 500 euros. Basically everything is an order of 1, 2, and 5. I personally think the 2 is overkill but whatever. Then on top of that, the coins increase in size in a uniform way, and the bills also increase in size. The Deutschmarks were like this as well.

The US has a cent progression (1, 5, 10, 25, 50) which deviates from the dollar progression (1, (2,) 5, 10, 20, 50). e.g. we don't have a $25 bill like we have a 25 cent piece. Then then you have a 10 cent piece that is smaller and thinner than both the penny and the nickel. All of the bills are the same size and indistinguishable to the touch. This was pointed out recently in a US Supreme Court Case.

Regarding the bill size, I've come to tentative conclusion that it makes more sense to have bills of different sizes. A) It makes it less likely to confuse the bills. B) Blind people could distinguish them easily without the need for special bumps. C) Mechanical readers could distinguish the values easier. D) It seems logical to make the money worth more even in a miniscule material sense. The main downside of course is that it would cause the need for new and redesigned cash register drawers, vending machines mechanics, and wallets. Plus it wouldn't look quite as nice packed in drug dealer and other villenous attache cases in Hollywood movies. Basically ain't gonna happen. So I guess the only remaining solution is to add some bumps to the bills.

I'm not sure what to think about the $1 coins. We have at least 3 types floating around, the nice and large silver dollar size, the Suzan B, and the Sacagawea ones, all of different sizes. Oh yeh, and the ones you find in the Casinos. I suppose it's fine to use the $1 as a kind of commemorative coin. Which reminds me. There aren't 1 and 2 Euro notes, only coins IIRC. That couldn't fly here, think of how clumsy it would be for strippers.

7 comments:

Mulysa said...

i'm sure that strippers could find a place to put the coins...

caninecologne said...

put that coin right in the coin SLOT!

HotFudge said...

I must admit that I'm one of those stupid americans that like collecting foreign money because of the way it looks. So far I like "Aussie's" the best; it's colorful and their money have a clear wax paper square in the corner of their dollar bills. In addition, I also collect some of the U.S. coins.

mikshir said...

HF: i have a collection of foreign currency too, though only coins and mostly because the currency exchange places don't exchange coins so I always have it left over. Only exception is a yuan note from China which I think is worth a few cents.

IF: aye! La Vie in Proost!

ScregMan said...

I am highly amused friend Thane...

Especially that story about the Taco Bell $2.00 fiasco. I am reminded of what a comedian said about the $2.00 bill. Something like: "When they (the $2.00 bill) first came out, I saved all of them, hoping they'd be worth more someday. Y'know how much each bill is worth? Twoooooooooooo dollars..."

I, myself have a stash of $2.00 bills. Not sure how much, but it's a pretty good stash. And, whenever a $2.00 bill surfaces, I usually add it to my collection. Why? I really don't know. Perhaps I'm just hoping they WILL be worth more someday. I've debated about just adding them to my savings and/or spending them outright. But I can't seem to part with them. I also have a good stash of the Saquejia dollar coin.

I can see the issues related to blind people and our form of currency. Of course, whenever I've travelled abroad, I also find foreign currency to be... well... quite foreign...

But the foreign system does appear much more logical...

mikshir said...

Screg: You remind me that I can almost do 1 better. I have a sheet of four $2 bills uncut that I bought from the Bureau of Engraving and Printing in DC. Wouldn't you know, it cost MORE than $8 to buy four $2 bills... and it's still only legally worth $8.

Anonymous said...

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