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<p>[QUOTE="Coinman1981, post: 691829, member: 20610"]The only problem is that the U.S. government IS producing both a dollar coin and the dollar bill at the same time. You see, it would actually cost less to produce dollar coins only, as a coin lasts roughly 30 years in circulation while paper currency has a life span of only 18 months. </p><p><br /></p><p>The U.S. has tried twice since 1979 to circulate a small-size dollar coin but to no avail; the general public still prefers to use dollar bills. If the U.S. stops producing the dollar bill someday, that would actually force the public into using the $1 coin. Some would protest, but that is one sure way for the government to save money. </p><p><br /></p><p>I think a $2 coin in the U.S. could be a success, especially as vending machine items are now increasing in price beyond a dollar and could definitiely warrant the widespread use of a $2 coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinman1981, post: 691829, member: 20610"]The only problem is that the U.S. government IS producing both a dollar coin and the dollar bill at the same time. You see, it would actually cost less to produce dollar coins only, as a coin lasts roughly 30 years in circulation while paper currency has a life span of only 18 months. The U.S. has tried twice since 1979 to circulate a small-size dollar coin but to no avail; the general public still prefers to use dollar bills. If the U.S. stops producing the dollar bill someday, that would actually force the public into using the $1 coin. Some would protest, but that is one sure way for the government to save money. I think a $2 coin in the U.S. could be a success, especially as vending machine items are now increasing in price beyond a dollar and could definitiely warrant the widespread use of a $2 coin.[/QUOTE]
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