Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Plans to end the dollar bill is being pushed
>
Reply to Thread
Message:
<p>[QUOTE="Conder101, post: 1512182, member: 66"]Every time they have issued a new dollar since 1971 and especially since 1979 there has been discussion of the dollar coin replacing the dollar note but this year is the FIRST time anyone has actually submitted legislation to actually discontinue the paper note. I know legislation was submitted earlier this year. This article does not reference the actual legislation so I don't know if this is new legislation or if they are just referring to the earlier bill.</p><p><br /></p><p>If the legislation they are referring to calls for a new dollar coin I would oppose it. If it just calls for the elimination of the dollar note I would support it. </p><p><br /></p><p>As mentioned the "golden dollars" ARE copper, or at least 88% copper. If the dollar note is eliminated the dillion coin stockpile will be drawn down and more coins for circulation will have to be struck.</p><p><br /></p><p>As far as the shipping cost of the coins being higher, yes that is true, but since the coins last longer they won't be constantly having to ship more dollar to the banks. This assumes the coins continue to circulate from the banks to businesses to customers to businesses and back to banks. If customers throw them into hoards like they do cents then you have a problem. But I don't know too many people that throw their dollar bills into a box each night so I would expect them to continue circulating. Dollar bills in a community continually wear out and have to be replaced. Once the community banks have enough dollar coins further shipments should drop off considerably.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1512182, member: 66"]Every time they have issued a new dollar since 1971 and especially since 1979 there has been discussion of the dollar coin replacing the dollar note but this year is the FIRST time anyone has actually submitted legislation to actually discontinue the paper note. I know legislation was submitted earlier this year. This article does not reference the actual legislation so I don't know if this is new legislation or if they are just referring to the earlier bill. If the legislation they are referring to calls for a new dollar coin I would oppose it. If it just calls for the elimination of the dollar note I would support it. As mentioned the "golden dollars" ARE copper, or at least 88% copper. If the dollar note is eliminated the dillion coin stockpile will be drawn down and more coins for circulation will have to be struck. As far as the shipping cost of the coins being higher, yes that is true, but since the coins last longer they won't be constantly having to ship more dollar to the banks. This assumes the coins continue to circulate from the banks to businesses to customers to businesses and back to banks. If customers throw them into hoards like they do cents then you have a problem. But I don't know too many people that throw their dollar bills into a box each night so I would expect them to continue circulating. Dollar bills in a community continually wear out and have to be replaced. Once the community banks have enough dollar coins further shipments should drop off considerably.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Plans to end the dollar bill is being pushed
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...