Comment Re:Canada has the future :) (Score 5, Insightful) 753
As someone from the U.S. who just recently traveled in Canada, I have to say that I like their current currency system a lot. Using loonies ($1) and "twoonies" ($2) coins is nice as they can actually be used easily to buy useful things, which is the primary reason why (I think) dollar coins haven't really taken off in the U.S.
In Canada, parking meters, soda machines, etc.. take $1 and $2 coins. It beats having to feed a pile of small coins into a meter or machine, or trying to iron out and feed a frayed and mangled $1 USD bill into a soda machine and having it rejected. The coins are also fine for face-to-face transactions; they are not unusual. In contrast, Susan B. Anthony dollars in the U.S. can get you some funny looks and many vendors flat out won't accept them, legal tender or not. You can go buy a beer in Canada with the change in your pocket. The Canadian coins make small daily transactions simple.
In the U.S., getting change is a pain in the ass because you invariably wind up accumulating pennies which are a nuisance. You can't use them for tolls or in machines in most places, and toting around a pile of pennies large enough to actually purchase anything with is ridiculous. So you either start carrying a satchel of pennies around trying to pay exact change, or you toss them in a jar, spend time rolling them, and exchange them at the bank for larger denominations (yay! A trip to the bank just to dispose of pennies!). You can also use services like Coinstar, which takes a cut (yay! A special trip to dispose of pennies AND paying some money to a company taking advantage of the dumb system!). In Canada, prices are merely rounded to the nearest 5 cents. Sometimes it is a few pennies in your favor, sometimes it is a few pennies in their favor. On the whole it is a wash, and you would have to be a really miserly SOB for it to worry you.
Canada has cash pretty well figured out. It's not that difficult, U.S.!