Legal tender

Of course all countries could cancel all owed to them and start again with no debt.

Here in Oz the card readers used in shops cost the shop owner about $30 a month to have.
They can pass the cost on, some do such as Aldi who add a surcharge if you use a card, but many just absorb it.

Cost to many businesses now is reduced as there is not the need for so many pick ups by Armor Guard.

I have a cousin in a small town in California.
Some years ago robbery was so bad the town went cashless by issuing their own card.
Robbery stopped.

But in the end banks will win, as the younger generation come to grips with plastic only.

If a 3 month old can be given an I pad, as I once saw, then plastic will be there at a very early age.

#29 If all those Dollars were returned to the US and converted back to bullion then the walls of Fort Knox would have needed reinforcing and may have had to call in Wimpeys. However never happened when I worked for them much to my sorrow. Cheers JS

I seldom carry cash and when I do if I get coins in my change, when I get home it goes in an old tupperware container.
Obviously a lot of people cannot be bothered to pickup coins if they drop them. Being slow on my feet and walk with my head down, the amount of coins I have picked up would surprise you.
When the tuppereware is full I take it to a charity shop. There was one charity shop did not want it, to much hassle she said!!! think it was more like she could not be ar-sedtaking it to the bank, which was just across the road.

The Banks now charge you for taking cash even when it is bagged up properly. We're all going to Hell in a Handcart ......
Brenda

If you take your loose change to a bank here in Oz it does not need to be bagged.
There is a coin counter into which you just pour the money.
Take the ticket to the counter with your card and bingo, cash or deposit, your choice all at no charge.

A lot of supermarkets have a machine you can dump coins into. You get a ticket for the amount minus the commission charged for the service(I wonder is there a midget sits inside the machine and counts what you put in hence the commission, lol.At the checkout hand in the ticket and the value is deducted from your shop.

Commission charged in a Supermarket. Just like the Banks, except for the fact that you are depositing your OWN money into your OWN Account for the Bank to use.
No win.
Brenda

I slap my loose change down on the counter in the RSL and they take the price of a Middy of beer. Loose change seems to grow in my pocket; I wonder why bank notes dont.
Des

Bit of a funny one , I have always hated having lose change in my pockets. I told m y son if he sees coins on my dressing table to help himself.
After a few nights out with the lads and a few pints you always end up with change in your pockets . If there are 4 of you sometimes you could end up with maybe £10 in change. Get up in the morning and check the wallet to see what the damage was for the night before. Usually I would have gone out with £50/60 quid. I might have a £5 left in the wallet, as directed my son claimed the coins, not daft my boy he could on occassion scoop about £12 in coins.:p I moved the goal posts , Copper and silver only lol.

My wife likes to collect loose change, 50 cent pieces are her favorite.
Every couple of month she will ask me to go to the bank and cash it up.
Nothing less than $150 or so.
No idea where she gets it all from.