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Message:: [QUOTE="medoraman, post: 1915796, member: 26302"]1. I cannot give you any current examples, since everyone else has already made the change. We were smart and were going to do this correctly in 1979, but then politics got involved and they screwed up the SBA and didn't withdraw the dollar bill. Read the original idea. WE would have been the first major country to do this, now we are the last. So no, no one currently because they have ALREADY DONE IT. 2. I thought we wanted leaders who did what was right, and not lemmings who always obeyed opinion polls. Yes, a year or two after using them the public gets used to them and life moves on. It called leadership, something sorely lacking in this country. 3. How can you say there is "replacement costs" with coins? What percentage come back? The math is this: Cost=redemption cost+production cost-seignorage For notes, most come back. Lets assume 90% come back. So every year, they have to redeem 90% of the notes, (redemption costs), plus  produce 100%, (production cost), less seignorage, (10%). This ALWAYS leads to a net expense, every single year. For coins, effectively zero come back. So eevry year, they redeem 0%, plus produce 100%, less seignorage. This ALWAYS leads to profit. See the difference? Coins ALWAYS make money, bills ALWAYS lose money. This is what the GAO has reported repeatedly. I have spent decades looking at reports from different agencies, (white house budget office, GAO, CBO, etc). Of all of them, I trust the GAO since it has consistently been closer to the mark. THis is because of all other budgeting agencies, it has the least amount of political spin to its numbers. Maybe from a bankers point of view they prefer bills, but I simply do not care if bills might lower the profits of member banks to the fed. I would rather have the profit go directly to the US taxpayers.[/QUOTE]

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