Legislation seeks to eliminate $1 Federal Reserve note, Lincoln cent

Coin World ^ | March 31, 2017 | Bill McAllister

[kearnyirish2]

“They also cite the success of Canada and other nations as proof that the public will accept the dollar coins once the paper dollar is eliminated.”

Ummm...they didn’t have a choice.

[tbw2]

You are not allowed to eliminate the penny when I am charged 7.25% sales tax.
Flat 5% or 10%, then we can discuss eliminating pennies.

[FreedomOfExpression]

Cost-wise, I can understand eliminating the penny. But the dollar bill? From the article, it appears that those behind this move are in the copper industry, and have something to gain from switching to dollar coins.

[TheTimeOfMan]

Getting rid of the dollar bill and penny would save a lot of... expense.

The joys of inflation.

[reg45]

Dollar coins have a much longer lifespan than paper bills. That’s where the savings would occur.

[King Moonracer]

Strippers and exotic dancers hardest hit.

[Publius]

Nah, you just put it in the "slot."

(ducking)

[kiryandil]

Getting your pants pulled off by 7 bucks in dollar coins is no picnic.

[Tolerance Sucks Rocks]

Dollar coin = silver-copper-silver sandwich, like dime and quarter.

[Tolerance Sucks Rocks]

I’m pretty sure that the silver I mentioned isn’t really silver anymore, either.

[marktwain]

If we are going to do this, President Trump needs to have the Treasury re-issue $500 bills. They are worth less than a $100 bill was when President Nixon ordered them withdrawn from circulation in 1969.

http://gunwatch.blogspot.com/2016/03/suggestions-for-trump-presidency-issue.html

http://thepavlovictoday.com/afterimage-review/next-president-reinstate-500-1000-bills/

[Extremely Extreme Extremist]

There's no practical, economical use for both the paper dollar bill and the penny. At the gas station, the tray is full of pennies. If I drop a penny, it's staying on the ground. Get rid of both of them, and for the dollar bill just phase it out completely instead of ridiculously keeping it in circulation while pissing money away on special designs for the $1 coin. Put Lady Liberty on it and be done with it.

Also a $1 coin would be a boon for the laundromats, vending machines, restaurant tips, and the jukeboxes at the bars.

[Gritty]

Get rid of the Susan B. Anthony and Sacajawea PC coinage nonsense and more people would go along with it.

Imprint it with an American Eagle or the Washington Monument or something historic and not feminist or PC and it would be more readily accepted.

People don't want to carry around advertisements for feminism or other such nonsense. They don't think of them as having any value and are personally detestable.

[Billyv]

I am more interested in the return of $500, 1000, 5000 dollar bills and a return to the gold standard.

[captain_dave]

The problem with the dollar coin is it’s too similar in size to the quarter. The MORONS at the mint need to design a larger coin that can easily be recognized as a dollar.

[Celtic Conservative]

The paper is made up of remnants of denim from the blue jeans manufacturers. Saw it on “How it’s made”

CC

[b4me]

Thanks!!!

I pick up any money I see on the ground. one time it was a 20 dollar bill, but pennies add up too!

[WhirlwindAttack]

Whatever will I tip dancers with? This is series!

[Graybeard58]

At the gas station, the tray is full of pennies

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

At the gas station where I go, they have a “penny tray” and beside it, a small sign that states:

Got a penny? Leave a penny.

Need a penny? Get a job.