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<p>[QUOTE=&quot;Numbers, post: 797560, member: 11668&quot;]Guys, you&#039;re in completely the wrong order of magnitude.&nbsp; The &quot;huge&quot; stockpile of dollar coins is barely a drop in the bucket compared to the number that would be needed if there were no $1 bills.</p><p>&nbsp;</p><p>There are currently <a href="http://www.federalreserve.gov/paymentsystems/coin_currcircvolume.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/paymentsystems/coin_currcircvolume.htm" rel="nofollow">upwards of nine billion</a> $1 notes in circulation.&nbsp; Judging by Canada&#039;s experience, when a paper denomination is replaced by a coin, it takes roughly three times as many coins as bills to meet the same demand (since the coins spend a lot more time sitting in coin-machine hoppers, people&#039;s change jars, &amp;c.).&nbsp; So the U.S. would need roughly 25 to 30 billion dollar coins in circulation, in the absence of paper $1&#039;s.</p><p>&nbsp;</p><p>That &quot;huge&quot; stockpile?&nbsp; About 0.8 billion coins.&nbsp; Not gonna go very far.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Seriously, if the $1 FRN were going to be discontinued, the Mint would first have to spend *years* churning out dollar coins at full speed.&nbsp; The $1 coin would have to have a higher mintage than any other denomination, for several years running, before we could even *think* about ending the printing of paper $1&#039;s.&nbsp; These piddly little tens-of-millions mintages, that allow the collector market to absorb a significant fraction of the total, just won&#039;t cut it....&nbsp; One quick glance at the Mint&#039;s production figures is enough to see that discontinuing the $1 note is not an idea that&#039;s on anybody&#039;s planning horizon.[/QUOTE]</p><p><br /></p>

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