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<p>[QUOTE="CamaroDMD, post: 1912661, member: 5233"]In the thread that I originally quoted...someone stated that they believed one additional benefit we would see if the US got rid of the $1 note and only had a $1 coin would be an increase in new coin collectors. My only point was that such an increase would be "neutral" because such a change would have the inverse result on new currency collectors.</p><p><br /></p><p>You are right...most serious currency collectors don't collect $1 notes in circulation, they prefer older notes. What you are forgetting is the more serious coin collectors are the exact same way. However, just like new coin collectors...new currency collectors begin with notes in circulation. The most commonly collected note for a new currency collector: $1 FRNs. If the $1 FRN went away, we would more than likely see a reduction in new currency collectors.</p><p><br /></p><p>That is why I believe that the increase in coin collectors we might see in this scenario is somewhat "neutral." <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p>I think you are exactly right. I think the main problem is the US population is somewhat lazy and doesn't like change. On the surface, even though this makes complete fiscal sense, it seems like a big change. Again, people don't like change. If I were a politican, I would be worried that if I instigated such a change...it would be unpopular amongst the populous (as a whole) and it might affect my chances at reelection. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie32" alt=":chicken:" unselectable="on" unselectable="on" /></p><p><br /></p><p>One of the unfortunate things about democracy is that in order to have elected officials who make their living being elected officials...those officials need to worry about their livelihood.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1912661, member: 5233"]In the thread that I originally quoted...someone stated that they believed one additional benefit we would see if the US got rid of the $1 note and only had a $1 coin would be an increase in new coin collectors. My only point was that such an increase would be "neutral" because such a change would have the inverse result on new currency collectors. You are right...most serious currency collectors don't collect $1 notes in circulation, they prefer older notes. What you are forgetting is the more serious coin collectors are the exact same way. However, just like new coin collectors...new currency collectors begin with notes in circulation. The most commonly collected note for a new currency collector: $1 FRNs. If the $1 FRN went away, we would more than likely see a reduction in new currency collectors. That is why I believe that the increase in coin collectors we might see in this scenario is somewhat "neutral." :banghead: I think you are exactly right. I think the main problem is the US population is somewhat lazy and doesn't like change. On the surface, even though this makes complete fiscal sense, it seems like a big change. Again, people don't like change. If I were a politican, I would be worried that if I instigated such a change...it would be unpopular amongst the populous (as a whole) and it might affect my chances at reelection. :chicken: One of the unfortunate things about democracy is that in order to have elected officials who make their living being elected officials...those officials need to worry about their livelihood.[/QUOTE]
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