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Early 2009 Article Suggests New $1 Coin has a Chance at Replacing $1 Bill??
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<p>[QUOTE="Conder101, post: 797512, member: 66"]Actually the strippers would make out well, since if the dollar note was discontinued the two dollar note would become the lowest note in circulation and the strippers would get their G strings stuffed with twos instead of ones, a nice raise.</p><p><br /></p><p>Frankly I don't think much of the Treasury saying the bills and notes will co-circulate. They also made the claim that silver and clad coins would co-circulate for decades so there was no reason to pull the silver coins out of circulation. And at the same time the Fed was pulling the silver out as fast as it came back through from the banks.</p><p><br /></p><p>Also I like that part about the five month pilot program. I remember that but themy impression was that it was a flop. I can believe a 1000 shops contacting the mint but to try and stay out, not join in.</p><p><br /></p><p>I will admit that the Fed is managing to move out more dollar coins, but I'm not impressed. Back in the 80's and 90's they had a draw down rate of roughly 60 million coins a year. Now after another 10 years and all of their promotions, new designs, the pilot program etc they are now up to 70 million coins a year. An improvement of about a million coins a month. </p><p><br /></p><p>No, it is obvious to everyone except the government that the only way to really get the dollar coins into circulation is to discontinue the dollar note. Everywhere else in the world they've stopped the note and the coin has succeeded, here in the US, the only place that has tried to force co-circulation, the coin is still a failure after thirty one years of trying.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 797512, member: 66"]Actually the strippers would make out well, since if the dollar note was discontinued the two dollar note would become the lowest note in circulation and the strippers would get their G strings stuffed with twos instead of ones, a nice raise. Frankly I don't think much of the Treasury saying the bills and notes will co-circulate. They also made the claim that silver and clad coins would co-circulate for decades so there was no reason to pull the silver coins out of circulation. And at the same time the Fed was pulling the silver out as fast as it came back through from the banks. Also I like that part about the five month pilot program. I remember that but themy impression was that it was a flop. I can believe a 1000 shops contacting the mint but to try and stay out, not join in. I will admit that the Fed is managing to move out more dollar coins, but I'm not impressed. Back in the 80's and 90's they had a draw down rate of roughly 60 million coins a year. Now after another 10 years and all of their promotions, new designs, the pilot program etc they are now up to 70 million coins a year. An improvement of about a million coins a month. No, it is obvious to everyone except the government that the only way to really get the dollar coins into circulation is to discontinue the dollar note. Everywhere else in the world they've stopped the note and the coin has succeeded, here in the US, the only place that has tried to force co-circulation, the coin is still a failure after thirty one years of trying.[/QUOTE]
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Early 2009 Article Suggests New $1 Coin has a Chance at Replacing $1 Bill??
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