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<p>[QUOTE=&quot;Conder101, post: 263347, member: 66&quot;]From 1794 to 1805 the dollar coin was undervalued and worth more as metal than as money.&nbsp; So they didn&#039;t circulate.</p><p><br /></p><p>1805 to 1840 there were no dollars to circulate.</p><p><br /></p><p>1840 to 1848 dollars were struck and the value was such that they could circulate.&nbsp; Did they?&nbsp; I don&#039;t know I don&#039;t have any contemporary references.</p><p><br /></p><p>1858 to 1862 dollars were again worth more as metal than money.</p><p><br /></p><p>1862 - 1874&nbsp; still worth more as metal plus all coins disappear from circulation plus in 1862 dollar notes were introduced which were more convenient to carry.</p><p><br /></p><p>1874 coins returned to circulation, but paper was still more convenient to carry.</p><p><br /></p><p>The paper argument holds from that point forward.&nbsp; So in the 213 period we have had only about eight years when it made economic sense to circulate a dollar coin and when there was no federal paper dollar option.&nbsp; I&#039;m not surprised the dollar coin has been a failure.&nbsp; If we discontinued the dollar note&nbsp; we would be back in that same situation.&nbsp; In that case the dollar coin would probably circulate.</p><p><br /></p><p><br /></p><p>Now make it more realistic, give him 50 dollars in one hand, and 24 twos plus two small dollars in the other and ask him the same question.</p><p><br /></p><p>Or since most people don&#039;t carry 50 dollar bills make it two twenties, a five and five ones in one hand, and two twenties, a five, two twos and a dollar coin in the other.&nbsp; In this case the difference in weight between the two piles is the second is 5 grams heavier.&nbsp; The equivalent of the weight of a nickel.&nbsp; Sounds like a wash to me.[/QUOTE]</p><p><br /></p>

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