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Plans to end the dollar bill is being pushed
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<p>[QUOTE="19Lyds, post: 1512554, member: 15929"]IMO, this is simply another roadblock created in an attempt to keep things the way they are.</p><p><br /></p><p>If the average bill life is 4.5 years then it would take a minimum of 4.5 years to totally eliminate the dollar bill. Of course, this does not take into account the fact that there are billions of one dollar notes simply awaiting shipment. In other words, that have already been produced.</p><p><br /></p><p>The ideal method of addressing this situation is to "phase" the dollar bill out. Perhaps limiting ordering of bills on a 1 for 1 scale. 12,500 bills and 12,500 coins on a $25,000 order?</p><p><br /></p><p>Ultimately, the order to stop producing bills would come after about a year or two into the legislation (they did it with incandescent bulbs). At that point, the coin will have seen large production numbers and the bill's phase out would be nearly complete.</p><p><br /></p><p>Of course, one dollar bills would always be accepted, just like Kennedy Half's and Eisenhower Dollars, and even Morgan/Peace Dollars. It's just a question of getting folks used to receiving coin instead of bills. Oh yeah, getting cashiers used to handing out coins instead of bills is another obstacle but at least they won;t have to lick their fiongers to separate them.</p><p><br /></p><p>As for the pitance that this would save the country? Yes, it's a pitance compared to other National Issues but the public wants, no needs, to see some movement into a money saving direction no matter how small. This issue is in the right direction and it's not costing you your job.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1512554, member: 15929"]IMO, this is simply another roadblock created in an attempt to keep things the way they are. If the average bill life is 4.5 years then it would take a minimum of 4.5 years to totally eliminate the dollar bill. Of course, this does not take into account the fact that there are billions of one dollar notes simply awaiting shipment. In other words, that have already been produced. The ideal method of addressing this situation is to "phase" the dollar bill out. Perhaps limiting ordering of bills on a 1 for 1 scale. 12,500 bills and 12,500 coins on a $25,000 order? Ultimately, the order to stop producing bills would come after about a year or two into the legislation (they did it with incandescent bulbs). At that point, the coin will have seen large production numbers and the bill's phase out would be nearly complete. Of course, one dollar bills would always be accepted, just like Kennedy Half's and Eisenhower Dollars, and even Morgan/Peace Dollars. It's just a question of getting folks used to receiving coin instead of bills. Oh yeah, getting cashiers used to handing out coins instead of bills is another obstacle but at least they won;t have to lick their fiongers to separate them. As for the pitance that this would save the country? Yes, it's a pitance compared to other National Issues but the public wants, no needs, to see some movement into a money saving direction no matter how small. This issue is in the right direction and it's not costing you your job.[/QUOTE]
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