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Sure, when you hand the cashier some US dollar coins, nobody bats an eye, but when I hand the cashier a stack of Australian $1 notes, everybody loses their minds!
I have a lot of those "gold" dollar coins. For a long time after they came out, I'd ask the cashiers at stores and banks to trade me paper dollars for whatever gold coins they had available. Many times I had to dig into my stash to get by, so it's not like I'm sitting on a massive horde of them or anything, but I have about a hundred of them.
Well lookie who we have here… Mr Moneybags.
Yeah, me and my 100 $1 coins that I collected over ten years, sitting so pretty.
There's a few countries that use US currency as the premium currency. Its very bizarre to be halfway around the world and see US dollars, but its a strong and reliable currency in countries where the local currency is too volitile to use.
Yeah, like Cambodia. The ATMs near my hotel spat out dollars, but deep in the city it was local currency. Everyone accepted dollars but they did charge a bit higher if you were a dollar spender if you calculated the local currency conversion on that. From my country it was easier to get dollars too before I flew out, vs Riels which were harder to find and had a pretty bad exchange rate.
Ecuadorians are very touchy about the condition of their paper bills. I tried to pay for a Panama hat with some cash that included a slightly torn but fully in tact $10, and the shop owner refused. As such, more durable dollar coins, which were minted by the US but never really caught on, are quite popular.
Interestingly they do mint their own coins, with Ecuadorian half dollar, quarters, dimes, nickels and pennies. https://en.m.wikipedia.org/wiki/Ecuadorian_centavo_coins
I like the Sacagawea and "Innovation" dollar coins. The problem with 'em, though, is people horde and collect them so they're not as available as the regular paper bills even though they are currently still in production. They come across so rarely, I also tend to think "oooh I should hold onto this!" Whenever I get one back as change.
The only downside to using them I've run into is having to show the clerk it's a dollar and not a quarter.
Wait, can’t yall just… go to the bank? I walked into a local bank a year or so ago and asked if I could exchange for them, they asked how many and just exchanged them like anything else.
I’m sure if I wanted thousands that would be a problem, but I’d be surprised if they didn’t have at least a handful.
The tooth fairy put one of these under my kid's pillow tonight. The thought is that he's going to enjoy it more because it's rare. It will end up in his piggy bank, out of circulation for who knows how long.
Humans love their shiny metal circles.
I'm pretty sure I remember reading a study that showed that handling coins actually makes the brain generate the good chemicals. So you're not wrong.
At least it's not all green