According to a USA/Today editorial, the government spends at least $500 million or more each year to print the one dollar bill which wears out on average, every 21 months. The editorial recommends that the paper bill be replaced with a dollar coin. Larger in size than the quarter, which would last 30 years or more.
Do you think the government should begin to replace the one dollar paper bill with a one dollar coin?
A. YES
B. NO
rate
email
print
link to this page
Comments: 23
~Thank you for sharing your article with us at, "The Graveyard Hours."
A ten I leave you~ To help you reach your Gather goal..
Melanie, it's already been tried. Unless the government mandates that vending machines are equipped to take a dollar coin (even the stamp machines at the Post Office would not accept dollar coins; these days they only take debit cards--no currency at all) then this effort will fail all over again. Why bother? Most transactions are by plastic these days anyway (debit or credit?)
Secondly, split the production between a one dollar coin and one dollar bill.
Of course, there are one dollar coins already out there. But they're like Bicentennial quarters, people collect them and they are out of circulation.
I completely agree with your suggestion, Jason. I'd expect the same thing to happen with the $2 bill and the $1 coins in terms of hoarding, but eventually, the shear necessity of using them would outweigh hoarding. Of all the things the government could save money on, reducing the cost of producing coins and bills is a mere drop in the bucket.
Yup. Sacajawea on a gold-toned coin. They are no longer being issued because no one will use them--vending machines won't take them either, even at the Post Office...which is a Government Agency.
If the Government won't accept the currency of the country it controls.....what's wrong with this picture? I'm starting to wonder who benefited from the minting of the Sacajawea coin in the first place.
Now that we're closing our store, I'll actually be able to KEEP my change!
There were a whole lot of naysayers when it was introduced here - but really, it hasn't caused any of the problems people predicted.