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<p>[QUOTE=&quot;19Lyds, post: 1255371, member: 15929&quot;]Some of what you&#039;ve stated is true while the rest is unfounded. The American Public has NEVER been in a position to qualify the term &quot;hate&quot; since they&#039;ve never been in a position where all they ever received in change was a One Dollar coin. The &quot;hate&quot; term is becoming quite boring since it simply is not true.</p><p><br /></p><p>When I was a boy, folks were quire enamored with finding large Morgan or Peace Dollars at the local grocery stores and those coins quickly disappeared into private &quot;collections&quot;. While at the bank just last Friday, I asked if they had any of the old Large Dollar coins and the teller stated that when they do get them, they disappear rather quickly as it seems that folks are STILL enamored with the large dollar coins. This includes Eosenhower Dollars. I don&#039;t think that this translates very well into HATE. What I do think is that folks will accept whatever change is given them as long as:</p><p><br /></p><p>1. It&#039;s the correct amount</p><p>2. It&#039;s spendable</p><p><br /></p><p>Since merchants, both large and small do not give out dollar coins as change but instead &quot;continue&quot; to order Federal Reserve Notes to give out, the general public has simply never had the opportunity to implement dollar coins in their daily transactions and as such cannot emphatically state that they &quot;hate&quot; dollar coins.</p><p><br /></p><p>The recent Federal Reserve report regarding dollar coins cited a &quot;Harris Poll&quot;, not a Federally Funded Study. Federally Funded Studies show that eliminating the dollar bill for the dollar coin will &quot;save&quot; money. The Federal Reserve report specifically stated:</p><p><br /></p><p>&quot;We also note that a 2008 Harris Poll found that more than threefourths of people questioned continue to prefer the $1 note.&quot;</p><p><br /></p><p><a href="http://www.federalreserve.gov/boarddocs/rptcongress/dollarcoin/2011/dollarcoin2011.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/boarddocs/rptcongress/dollarcoin/2011/dollarcoin2011.pdf" rel="nofollow">http://www.federalreserve.gov/boarddocs/rptcongress/dollarcoin/2011/dollarcoin2011.pdf</a></p><p><br /></p><p>while not trying to imply anything and since I did not participate in the poll, I can only imagine the replies to the following question:</p><p><br /></p><p>&quot;Which would you pefer to use. A One Dollar Note or a One Dollar coin?&quot;</p><p><br /></p><p>For me, I would prefer the One Dollar Note but then I would also &quot;prefer&quot; to NOT have to pay Income Taxes! (Speaking solely about things folks actually HATE!)</p><p><br /></p><p>Very Stupid since the REAL stupidity is not in submitting a bill to eliminate the coin but in NOT even &quot;considering&quot; eliminating the dollar bill.</p><p><br /></p><p>I seriously doubt this and it really is only speculation. As I stated earlier, I don&#039;t think the general &quot;public&quot; cares nearly as much as large merchants whos would have to change their monetary orders and perhaps actually &quot;train&quot; cashiers to use the dollar coins.</p><p><br /></p><p>Congress is stupid for NOT addressing this and simply &quot;assuming&quot; it would be political suicide.</p><p><br /></p><p>With the right wording, damn near ANYTHING can get passed by Congress but all of the wording I&#039;ve read so far, has been mothing more than the same old pointless arguments about how people &quot;HATE&quot; dollar coins, how people don&#039;t want to carry a bunch of dollar coins in their pockets (like they each walk around with 25 one dollars bills in their pockets <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ), and who are we ever gonna tip the strippers!</p><p><br /></p><p>All pointless and designed specifically to defeat the one dollar coin by implication.</p><p><br /></p><p>I&#039;ve yet to see one person in authority step up and actually state that the Federal Government has applied $1.7 billion dollars toward the national deficit by producing one dollar coins. Instead, they choose to concentrate on the fact that the Federal Reserve has paid $650,000 to construct additional storage. (Of course my question to this is that $650,000 sure could not REALLY buy a very secure storage facility but thats a different subject! I mean, $650,000 in Dallas Texas would barely cover sidewalk space!)</p><p><br /></p><p>Personally, I think the the Federal Reserve Bank, which is a privately funded organization and not OWNED by the Federal Government any more than Federal Express is, can see the writing on the wall where the US Mint Produces one dollar coins at .31 each and then &quot;sells&quot; them to the Federal Reserve Bank INSTEAD og the Federal Reserve Bank &quot;selling&quot; one dollar notes to the Federal Government.[/QUOTE]</p><p><br /></p>

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