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<p>[QUOTE=&quot;Randy_K, post: 807024, member: 23248&quot;]Actually, the Bureau of Engraving and Printing says a $1 bill lasts 21 months but the point is well taken:&nbsp; Release the millions of dollar coins into circulation currently in storage and withdraw the $1 bill from circulation as they get too old.&nbsp; In 21 months or so, there won&#039;t be paper $1 bills.&nbsp; The coin&#039;s estimated lifetime is a conservative 30 years.</p><p><br /></p><p>Europe seems to function just fine with €1 and €2 coins with no comparable valued bills.&nbsp; When England changed to decimal coinage in 1971 it was predicted that the economy would collapse. It didn&#039;t.&nbsp; It just went on. People adapt when required to do so but don&#039;t if given them the choice.</p><p><br /></p><p>Now on the withdrawl of 1¢ and 5¢ coins, that probably will donate to inflation.&nbsp; No merchant when faced with a sale that would have been $1.04 will make it $1.&nbsp; It will become $1.10.&nbsp; Only in electronic transactions will the fraction of a dime apply so does everyone need to use a debit card for every transaction to avoid the &quot;coinage cost reduction&quot; tax?[/QUOTE]</p><p><br /></p>

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