Bills vs. Coins.. Let me get this right!

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Preservation of a website that a tiny fraction of 1% of people use or care about is the most ludicrous reason I have run across yet for continuing to spend multi-millions of tax dollars every year just to preserve the dollar bill.

 

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when i was in the UK for a month 11 years ago an interesting thing happened. being so used to bills for the nonfractional denominations, i automatically tossed the coins into the jar. at the end of the month, i had "accidentally" saved over forty 1 pound coins along with a hodge podge of fractional coins. i was so used to treating the coins as worthless, i was quite surprised to find i had a good amount idle in a jar.

if the dollar coin is going to gain traction in the US, this idea of treating coins as worthless needs to be countered. dollar coins would be the first to be spent out of pocket since breaking a larger bill would result in receiving dollar coins as change.

it wouldn't take long to realize a change in our currency use -- there is no reason to carry more than 4 dollars unless you are heading to a gentlemen's club - which might be the most vocal group against dollar coins

-Steve

 

Steve,the U.K. is in a unique position,as both Scotland & Ulster (Northern Ireland) still issue 1 Pound banknotes,but they seem happy to circulate both a banknote & a coin in those 2 British countries.

The Isle of Man still issues a 1 Pound banknote as well as a 1 Pound coin.

Aidan.