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Why no $5, $10, $20, or $50 coins today?
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<p>[QUOTE="Cashmoney, post: 1048192, member: 28163"]Ok, I think everyone can agree that all the attempts the goverment has made to get the</p><p>public to accept the $1 coin have failed. The only way to do it is to be more forcefull in doing </p><p>so. At the same time you have to acknowledge public sentiment for the paper $1 bill. </p><p> </p><p>I beleive there is a middle ground to make everyone happy.</p><p> </p><p>1) Using government number, from 2005 - 2009, an average of 3.6 billion dollar bills we produced.</p><p> From 2007 - 2009, an average of 585,816 $1 coins were produced. </p><p>2) A great majority of $1 bills are printed to replace ones that are no longer able to be circulated</p><p>due to wear & tear. </p><p> </p><p>I suspect, but have not seen any numbers, but I'm sure that there are pleny of $1 coins in storage</p><p>that the mint cant get circulated. Congress should pan a law to reduce (not eliminate) $1 bill </p><p>production. Whatever demand there is beyond what is printed would be made up by the coins.</p><p> </p><p>This way you still have a paper currency bein produced, but the public is forced to also use the </p><p>coins. And remember, the estimates are that the coins save money over the long term. Not to</p><p>mention the fact that the government has already spent money to produce, advertise, and now </p><p>store these coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Cashmoney, post: 1048192, member: 28163"]Ok, I think everyone can agree that all the attempts the goverment has made to get the public to accept the $1 coin have failed. The only way to do it is to be more forcefull in doing so. At the same time you have to acknowledge public sentiment for the paper $1 bill. I beleive there is a middle ground to make everyone happy. 1) Using government number, from 2005 - 2009, an average of 3.6 billion dollar bills we produced. From 2007 - 2009, an average of 585,816 $1 coins were produced. 2) A great majority of $1 bills are printed to replace ones that are no longer able to be circulated due to wear & tear. I suspect, but have not seen any numbers, but I'm sure that there are pleny of $1 coins in storage that the mint cant get circulated. Congress should pan a law to reduce (not eliminate) $1 bill production. Whatever demand there is beyond what is printed would be made up by the coins. This way you still have a paper currency bein produced, but the public is forced to also use the coins. And remember, the estimates are that the coins save money over the long term. Not to mention the fact that the government has already spent money to produce, advertise, and now store these coins.[/QUOTE]
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Why no $5, $10, $20, or $50 coins today?
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