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Did ikes and SBA ever really circulate?
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<p>[QUOTE="karrlot, post: 90243, member: 4476"]I can see how the Ikes didn't circulate because they were too big and cumbersome. However, I disagree with the fact that inflation has anything to do with how well a coin circulates. Penny, nickle, dime, and quarters circulate very well, and they are worth a fraction of the dollar coin. They have had the same impact of inflation. </p><p><br /></p><p>The SBA and Sac have not circulated because we have a paper dollar bill. That's the only reason. Frankly, the coin is a little more inconvienient to carry around than the bill. I can put $50 in bills in my pocket, but if I have $50 in coins my pants are going to sag worse than they already do. </p><p><br /></p><p>Canada increased circulation of their dollar coin. As far as I konw, they didn't have to do any huge public relations events, didn't have to advertise the coin, and didn't have to introduce a new design to get people to use it. They just got rid of the bill. </p><p><br /></p><p>The US has done some to increase circulation: change the color, take the reeding off the edge, give it a nice design, have stamp machines dispense them. They could probably do some more things to increase ciculation - get more vending machines to accept the coin, put Millard Fillmore's face on the coin <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />, give out free samples of the coin, etc.</p><p><br /></p><p>I don't see how the presidential design is going to increase circulation. I think the new presidential coins might circulate from the bank to everyones sock drawer, but they're not going to start using them instead of the dollar bill. Have you ever used two nickles instead of one dime because you like the design on the nickle more than the design on the dime? Are there any state quarters that you WILL NOT use because they have an ugly design? The design of the coin has nothing to do with how well it circulates. You use what is most convienient. </p><p><br /></p><p>Short of discontinuing the dollar bill - a dollar coin is never going to circulate very well.[/QUOTE]</p><p><br /></p>
[QUOTE="karrlot, post: 90243, member: 4476"]I can see how the Ikes didn't circulate because they were too big and cumbersome. However, I disagree with the fact that inflation has anything to do with how well a coin circulates. Penny, nickle, dime, and quarters circulate very well, and they are worth a fraction of the dollar coin. They have had the same impact of inflation. The SBA and Sac have not circulated because we have a paper dollar bill. That's the only reason. Frankly, the coin is a little more inconvienient to carry around than the bill. I can put $50 in bills in my pocket, but if I have $50 in coins my pants are going to sag worse than they already do. Canada increased circulation of their dollar coin. As far as I konw, they didn't have to do any huge public relations events, didn't have to advertise the coin, and didn't have to introduce a new design to get people to use it. They just got rid of the bill. The US has done some to increase circulation: change the color, take the reeding off the edge, give it a nice design, have stamp machines dispense them. They could probably do some more things to increase ciculation - get more vending machines to accept the coin, put Millard Fillmore's face on the coin :D, give out free samples of the coin, etc. I don't see how the presidential design is going to increase circulation. I think the new presidential coins might circulate from the bank to everyones sock drawer, but they're not going to start using them instead of the dollar bill. Have you ever used two nickles instead of one dime because you like the design on the nickle more than the design on the dime? Are there any state quarters that you WILL NOT use because they have an ugly design? The design of the coin has nothing to do with how well it circulates. You use what is most convienient. Short of discontinuing the dollar bill - a dollar coin is never going to circulate very well.[/QUOTE]
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