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<p>[QUOTE="NOS, post: 2446413, member: 2098"]Conder101, the paper dollar lasts for an average of more than five years now. While this is less than the lifespan of dollar coins, it is a vast improvement over the average 18-22 month lifespan of dollar bills from 15 years ago. Government Accountability Office (GAO) reports have come out which state it would be a huge money waster to replace dollar bills with coins.</p><p><br /></p><p>This is largely (but in no way entirely) due to the massive amount of dollar bills that would need to be replaced with coins. The startup costs alone to replace them with coins are insurmountable. The time to have started this plan, when it would have been economically feasible, would have been in the mid-1980's. This is due to the cost of base metals being so much higher now than they were then (this is considering inflation).</p><p><br /></p><p>Essentially, the time to replace dollar bills with dollar coins has long since passed. Dollar bills are here to stay and they are not going anywhere, at least not any time soon.[/QUOTE]</p><p><br /></p>
[QUOTE="NOS, post: 2446413, member: 2098"]Conder101, the paper dollar lasts for an average of more than five years now. While this is less than the lifespan of dollar coins, it is a vast improvement over the average 18-22 month lifespan of dollar bills from 15 years ago. Government Accountability Office (GAO) reports have come out which state it would be a huge money waster to replace dollar bills with coins. This is largely (but in no way entirely) due to the massive amount of dollar bills that would need to be replaced with coins. The startup costs alone to replace them with coins are insurmountable. The time to have started this plan, when it would have been economically feasible, would have been in the mid-1980's. This is due to the cost of base metals being so much higher now than they were then (this is considering inflation). Essentially, the time to replace dollar bills with dollar coins has long since passed. Dollar bills are here to stay and they are not going anywhere, at least not any time soon.[/QUOTE]
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