Justify why we need the $1 paper bill instead of a dollar coin!

Well, if I recall correctly, one of the main reasons the Ike dollar was produced was to serve the Nevada gaming industry, because silver dollars were hoarded for the silver content.

So now we must keep $1 bills to save the stripper industry!! I'll bet Nevada congressmen will support that as well.

There is a better way -- have the $1 coin, and use the $2 bill!! They did it in Canada, and I thought $2 bills were quite handy!! (I know they now have the $2 loonie, but we don't have to do that). And, you can use the $2 bills for the strippers and not go broke!!

 

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On an aside - in Calgary, in a mens club. Patrons tossing loonies at the entertainment.

I cringed every time!

 

If I remember correctly, the mint had free shipping of it's products if ordered via the internet.

Also, I would really prefer the dollar coin over the paper bill. But alas, you rarely see them in circulation. I like Canada's coinage, especially the $1 and $2 coins.

 

Not anymore!! $4.95 S/H for everyone!!! Ms. Fore's bonus must be tied to maximizing revenue for the mint.

 

I'm all for eliminating the paper dollar and having a larger size dollar coin with Washington on it!

 

I would like to see a $1 coin replace the $1 bill. It would provide some much needed change. Many nations, like the EU, and Australia, have a $1 and $2 coin (€1 and €2 for the EU, but I'm sure you get the point). But just think Every cash register in America would have to change...they would change the $1 bill slot so that it can be used for the $1 coin.

 

I would rather keep the bill because it does not take as much space as a coin. I actually have over 17 dollar bills in my wallet at the moment.
Now how much space would that take up if they were coins.

 

Thanks for reviving this old thread, this is a great discussion topic.
My opinion? Lose the dollar bill...it just makes sense to use coins instead given their 30 year average lifespan, compared to 14 months for a paper note. If there was no $1 note, the dollar coins will get used, guaranteed...same for $2 notes...you'd see a lot more of them in circulation.
The smallest note printed in Canada now is the $5. The smallest note in Britain is the 5 Pound. All major currencies have coins in denominations of 1 & 2, as well as fractions.
Nick

 

Keep the $ bill, I hate stuff in my pockets

 

In the rush to protect the strippers, you all forgot about the origami dollar bill books that frequent book stores all over the US. Tough to fold a coin

I think the largest point of failure for the $1 coin is the vending companies. They're the ones that lobbied and lobbied to have them made, claiming it would be good for their buisness, but then they didn't want to spend the money to update their vending machines. I will have to research it, but I remember reading more than one article on the topic when the Sacs came out.

Personally, I don't care one way or another, but I'll say this, I'd rather have a pound of $1 bills than a pound of $1 coins (Kudos to anyone that can figure out the difference in $$ amounts)

 

I have two opinions to state:

I work retail. We *hate* $2, Kennedys and Sacs. They dont have a slot, and we always pawn them off to the kids who purchase things (retail=toy store). Personally, I like $2 cause I have gotten some very nice ones, and I keep an 'emergeny' $2 in my wallet. People always look at us funny when we give them in change, and we HAVE had requests for other forms of currency from some people.

I LOVE tipping with dollargami. When I eat with my girlfriend, we eat at the same 3 places every time. I used to leave regular tips, but the one time I got creative and left a $1 flower, the very next time we went she immediatly knew my name, what I ordered last and asked if she could get another for her fellow waitress. From that point on I tipped in dollargami on every opportinuty that arised. If you leave a pile of 'change' on the table, you're lucky if you get a good-night out of the waitress.

 

It's a simple fact of life that unless the vending machine industry demands dollar coins so they don't need the more expensive bill changers, we aren't going to lose the paper dollar that so many folks love.

But the thing I simply don't understand is what happened to the half dollar. They were circulating regularly through the '50s, when I was in college. My memory may be failing, but as I recall it was just about the same time as the changeover from silver to clad that 50¢ pieces just disappeared.

 

I don't think the mint shipping charges are high but it makes me mad when I have to pay to return faulty coins to the mint for replacement, I had to return two things already this year at different times.

 

I don't much care for the paper dollar but realize we must have it to give paper change for the paper $2! Actually I like the Sacagawea dollar and prefer using it but have found the problem in this area is not that people won't use it, our banks REFUSE to call them out, so until the FED orders the banks to put them in circulation or face FINES they will never find their way out of the FED vaults. Thats the bottom line in my opinion.

 

Here is the pespective of someone who has been using the one dollar coin for 18 years.
It's my opinion that most people really don't care whether it's coin or paper they are just used to the paper.
In 18 years I don't ever recall someone complaining that they had too many coins in their pocket, the most dollar coins you are ever likely to have is four. It's never really been that big a deal.
You would be surprised how quickly it becomes that your children and grand children don't even recognize a one dollar bill.
The vending machines all take one and two dollar coins and, again, I can't recall any controversy over that.
The fact is it makes good economic sense and you would be surprised how quickly everone adjusts.

Bill

 

Here in New Zealand,we use a $1 coin,& have done so since 1991.
I still miss the paper $1 & $2 banknotes.In Singapore,they also have a $1 coin,but the $1 note,although no longer being printed,it
is still legal tender.In both Great Britain & Ireland,the 1 Pound note was replaced in 1983 & 1990 respectively.

Aidan.

 

Make a smaller Cent too...

Let's make the Lincoln a little smaller like the EUROCENT.

Save the government some money and get some weight out of our pockets...It wouldn't be to bad to get rid of the copper coating as well and release it as a true zinc penny.

Mike

 

Mamooney may have also hit on another reason the dollar note hasn't been replaced. Cost. One dollar notes are far and away the most common note printed by the BEP. If we suddenly got rid of it, the currency paper supplier would lose significant business. This company probably gives enough money to politicians to prevent the government from doing precisely that. In addition, the loss of such a large segment of the BEP's work would require the downsizing of the BEP work force. I'm sure that in that situation AFSCME - the union representing Federal employees - would pitch a fit. To beat both of those would require lots of capital - monetary and political - that I'm not sure is in Washington at the moment. And even if it is, it's going to be committed to more important things, like the war on terror or a Supreme Court nomination (or two or three).

 

Your memory is not failing. That is exactly when they disappeared from circulation. The hoarding of silver coins at the time was the reason. Halves remained 40% silver until 1970. Unlike silverless clad quarters, which were immediatly issued in 1965, silverless clad halves weren`t issued untill 1971.
People had gotten used to not using them by that time. The whole Kennedy "mystique" had something to do with it as well. People continued to "save" them. Thats how I remember it.

As to the original topic, a US dollar coin will NEVER circulate as long as they continue to print paper dollars. Most people could care less what their money
looks like. The ugliness of the SBA, or the newness of the Sac and proposed
presidential coins will have little to do with whether a dollar coin circulates.
If they continue to refuse to retire the paper dollar, no dollar coin will circulate.

 

I wonder how long the US Post office machines will continue to give out Sacs as change. NYC transit machines do so too.

If you ever want to get 19 circulated Sacs, just slip a $20 into a US post office stamp vending maching and buy only one stamp. You can use the stamp to write your senator and express your feelings about the proposed presidential series