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New article on replacing $1 bills with $1 coins.
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<p>[QUOTE="19Lyds, post: 1583545, member: 15929"]While this may be true, one could "hope" that the Fed would release some of the bags of IKE's which still reside within its vaults.</p><p><br /></p><p>I'd kinda like to see a public GAO Auction myself since the shear size of the coins, limits reasonable costs for delivery and storage within cash drawers. I have no doubt that folks who saw them in the drawers would want them to put them away so as a circulating monetary tool, they just wouldn't work.</p><p><br /></p><p>Personally, I think that the biggest obstacle facing dollar coins is that merchants simply don;t bother ordering them to give out in change. These are the folks that prefer paper bills over dollar coins as I don;t really think the general public cares one way or another as long as it spends.</p><p><br /></p><p>Get the big merchants on board, and the coins will be assimilated into circulation but until then, they'll only rot in the feds vaults.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1583545, member: 15929"]While this may be true, one could "hope" that the Fed would release some of the bags of IKE's which still reside within its vaults. I'd kinda like to see a public GAO Auction myself since the shear size of the coins, limits reasonable costs for delivery and storage within cash drawers. I have no doubt that folks who saw them in the drawers would want them to put them away so as a circulating monetary tool, they just wouldn't work. Personally, I think that the biggest obstacle facing dollar coins is that merchants simply don;t bother ordering them to give out in change. These are the folks that prefer paper bills over dollar coins as I don;t really think the general public cares one way or another as long as it spends. Get the big merchants on board, and the coins will be assimilated into circulation but until then, they'll only rot in the feds vaults.[/QUOTE]
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New article on replacing $1 bills with $1 coins.
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