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<p>[QUOTE="National dealer, post: 4431, member: 487"]As far as getting rid of the paper dollar goes, this is an old story. The mint has been requesting this action for many years. Their logic is correct. Coins have an average circulation of 38 years, while paper notes circulate 18 months. Now the BEP claims that it can produce a handful of notes for the price of each coin. I believe the current price of a completed note is approximately 8 cents compared to the 19 cents it takes to make a dollar coin. Now each number will change depending on the amount of coins or notes produced. Most civilized countries have eliminated the dollar note. Why we hold out is anyones guess. It could be the same logic used in keeping America out of the metric system. Until the government quits giving the people the choice in the matter, we will always have a paper dollar.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 4431, member: 487"]As far as getting rid of the paper dollar goes, this is an old story. The mint has been requesting this action for many years. Their logic is correct. Coins have an average circulation of 38 years, while paper notes circulate 18 months. Now the BEP claims that it can produce a handful of notes for the price of each coin. I believe the current price of a completed note is approximately 8 cents compared to the 19 cents it takes to make a dollar coin. Now each number will change depending on the amount of coins or notes produced. Most civilized countries have eliminated the dollar note. Why we hold out is anyones guess. It could be the same logic used in keeping America out of the metric system. Until the government quits giving the people the choice in the matter, we will always have a paper dollar.[/QUOTE]
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