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$1 coins: Unwanted, unloved and out of currency
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<p>[QUOTE="superc, post: 1823973, member: 44079"]If we eliminate the dollar entirely, everyone just boosts their price (but not the minimum wage) to 5 dollars. Inflation is considered good for business owners and the US Treasury in DC circles. Perhaps after we drop the $1 bill we will reach back into history and resurrect an old denomination. The $2.50 denomination, but this time as a bill instead of a coin.</p><p><br /></p><p>Let us face it. The reason most Americans had no interest in the dollar coins, besides the chintzy glitter is it feels like a quarter in your pocket. Those )Presidential and Susan B and Sasquawea coins would have all been a lot more popular if they had been at least the size of a half dollar. But Treasury wanted to be cheap and minimize coinage costs, so they made them too tiny. We have seen this before. Look what happened with the $2.50 gold coin and the dime. Heaven help someone who had a purse full of both in the dark back then and had to make change. The Mint keeps making coins of the wrong size for what the coins are supposed to be used for. Over and over the Mint just doesn't get that as the denomination increases, the coin size has to also so people can tell them by feel. Actually they probably could have saved the dollar coin from extinction by making them octagonal or triangular, but that is way outside the box of the DC mindset.[/QUOTE]</p><p><br /></p>
[QUOTE="superc, post: 1823973, member: 44079"]If we eliminate the dollar entirely, everyone just boosts their price (but not the minimum wage) to 5 dollars. Inflation is considered good for business owners and the US Treasury in DC circles. Perhaps after we drop the $1 bill we will reach back into history and resurrect an old denomination. The $2.50 denomination, but this time as a bill instead of a coin. Let us face it. The reason most Americans had no interest in the dollar coins, besides the chintzy glitter is it feels like a quarter in your pocket. Those )Presidential and Susan B and Sasquawea coins would have all been a lot more popular if they had been at least the size of a half dollar. But Treasury wanted to be cheap and minimize coinage costs, so they made them too tiny. We have seen this before. Look what happened with the $2.50 gold coin and the dime. Heaven help someone who had a purse full of both in the dark back then and had to make change. The Mint keeps making coins of the wrong size for what the coins are supposed to be used for. Over and over the Mint just doesn't get that as the denomination increases, the coin size has to also so people can tell them by feel. Actually they probably could have saved the dollar coin from extinction by making them octagonal or triangular, but that is way outside the box of the DC mindset.[/QUOTE]
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$1 coins: Unwanted, unloved and out of currency
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