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<p>[QUOTE="topcover, post: 362023, member: 12479"]So long as Americans have a choice, they will go with what they know. Right now, that's the paper dollar. Paper currency is iconic in the depiction of wealth. The aluminum briefcases full of wrapped bundles of $100's, "All about the Benjamins", money showers... images of money are always associated with paper currency. If you look at other countries where they've adopted a dollar coin, there isn't a paper dollar counterpart. They have no choice. If the US was truly serious about implementing the dollar coin, they would have to phase out the dollar bill.</p><p> </p><p>I feel that the Ike, Sac and now the Pres dollars is a vehicle for the Mint to generate interest in coins and coin collecting and hence another revenue stream. They're betting and hoping that these dollar coins never see the light of circulation. It's the same ploy that the USPS uses to generate more interest in stamp collecting. </p><p> </p><p><b>Note:</b> Last week, there were stickers on our parking meters that said, "Now Accepting the NEW Presidential Dollar Coin!" Here in San Francisco a quarter buys you only 6 minutes on the meter. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /></p><p> </p><p>Just my 2 cents...</p><p> </p><p>Stan[/QUOTE]</p><p><br /></p>
[QUOTE="topcover, post: 362023, member: 12479"]So long as Americans have a choice, they will go with what they know. Right now, that's the paper dollar. Paper currency is iconic in the depiction of wealth. The aluminum briefcases full of wrapped bundles of $100's, "All about the Benjamins", money showers... images of money are always associated with paper currency. If you look at other countries where they've adopted a dollar coin, there isn't a paper dollar counterpart. They have no choice. If the US was truly serious about implementing the dollar coin, they would have to phase out the dollar bill. I feel that the Ike, Sac and now the Pres dollars is a vehicle for the Mint to generate interest in coins and coin collecting and hence another revenue stream. They're betting and hoping that these dollar coins never see the light of circulation. It's the same ploy that the USPS uses to generate more interest in stamp collecting. [B]Note:[/B] Last week, there were stickers on our parking meters that said, "Now Accepting the NEW Presidential Dollar Coin!" Here in San Francisco a quarter buys you only 6 minutes on the meter. :mad: Just my 2 cents... Stan[/QUOTE]
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