How many times do we have to go through this? How many million of the previous dollar coins are sitting around in government wharehouses?
People DON'T WANT a dollar coin. Why can't those fools in Washington get it through their thick heads.
It is not that the American People don't want a dollar coin. We just don't want a dollar coin that looks like a quarter.
Relax, the Kenyan is doing all he can to make the dollar worth about a nickel so the $1 coin should be just fine when he’s done.
“WHY IS THERE A COIN FOR THEM TO BE LOCATED ON AT ALL!!”
Because so many Congressmen are idiots. A dollar coin cost more to make than a paper dollar but the lifetime of the coin is so much longer than the paper dollar that it would save a lot of MONEY. People don’t want a pocket full of heavy coins and won’t start using them as long as they keep printing the paper dollar. We had large Eisenhower dollars, Susan B. Anthony dollars that got confused for quarters and the Sacajawea? dollars. Now we have the Presidential series dollars, or at least some of them. At least they may have spurred some warehouse construction.
“People DON’T WANT a dollar coin.”
Especially one that’s not worth a dime these days!
How many rediculous $1 coins does this make ?
Agreed. Wanna do something, get rid of the penny.
I have said for years, the only way the coin will work is if the paper “ONE” is discarded. Print more $2 bills, eliminate pennies (round up or down). (makes room in the cash drawer for the $1 coin. $2 bills go where the ones used to be.
Problem solved!
Only once if they would just quit printing paper dollar bills. Until they do that people will not carry them, no matter how many ugly women they put on them.
[ I don’t have as much problem with where the words are located as I do with WHY IS THERE A COIN FOR THEM TO BE LOCATED ON AT ALL!!
How many times do we have to go through this? How many million of the previous dollar coins are sitting around in government wharehouses?
People DON’T WANT a dollar coin. Why can’t those fools in Washington get it through their thick heads. ]
Heck they whine about how much money it takes to make the Dollar bill, I wouldn;t put it past this administration to outsource the production of Dollar Bills to China....
One Idea I haven’t seen as an alternative for a Dollar Bill would be a “Plastic Dollar Chit”. This would be like a dollar bill but made out of flexible and would be smaller than a Dollar bill but the same width or slightly less in width of a Dollar bill. You could even make it the same size as a credit card to make it compatible with current wallets. Basically easier to carry than either a Dollar bill or a coin.
Of course we chould just move the Dollar Bills to be made from plastic like australlia and that would increase the lifetime of the Dollar bill which would reduce costs, knowing the eco-weenies they would probably demand that these be made from biodegradable corn platics that would cause them to degrade faster than current dollar bills.....
Coins won;t take over the dollar spot in this day and age because:
1. Coins are heavy
2. No one carried coin purses anymore
3. Vending machines and toll booths now take bills.
4. The value of our money is down so if you want to carry any large amount of money around as coins you are going to need a LOT more space...
From a financial standpoint, a coin makes far more sense, as the average life of a dollar bill is measured in months.
The problem is that they leave the dollar bill in circulation when they release these dollar coins.
First of all, design a coin that is easily distinguishable from a quarter. Second, stop printing bills and remove them from circulation when the new coins are put into circulation.
But the biggest issue will be refitting all the vending machines already out there to accept the new coins.
Until they do that, dollar coins will be little more than collector pieces.
It's past time to get with the dollar coin. After all, a buck buys what a quarter did when Nixon (who's at the root of our modern inflation woes) was president. Its purchasing power is about the same as a pre-WWI dime. Of course, that was the start of the Federal Reserve -- the other culprit.