by Ralph J.
Member since:
September 22, 2005

Do you think the government should begin to replace the one dollar paper bill with a one dollar coin?

November 17, 2008 06:15 AM EST
views: 279 | comments: 23
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

Comments: 23

DIANE D. Nov 17, 2008, 6:16am EST
b. It will get lost too easy
Sophie S. Nov 17, 2008, 6:25am EST
B. No, so much change gets heavy. Plus there is something about a wad of bills even if they are all ones.
Melanie S. Nov 17, 2008, 6:28am EST
C) Undecided. There are pro's and con's that I see with the 1 dollar coin. The pro being what you listed. The con being what Diane listed, and also it being inconvenient for people who might wind up with quite a few dollars. Like Waitresses, Food Delivery Jobs, Bar Tenders etc.
Carol Lloyd Nov 17, 2008, 6:29am EST
C
Gretchen Lee Bourquin Nov 17, 2008, 7:01am EST
Not yet. They could increase circulation of the coins, they can be fun sometimes. They're certainly easier to use than dollars in vending machines, but they can get heavy. There's too big of a jump between the 1 and the 5 -- and we hardly ever see $2.
Mugg Muggles, "The Man With the Jive" Nov 17, 2008, 8:33am EST
NO
Linda G. Nov 17, 2008, 9:29am EST
NO
Larry H. Nov 17, 2008, 9:33am EST
no
Melanie B. Nov 17, 2008, 9:50am EST
No, I did not like the other coin dollar. I do not think making it a different size would help either.

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Linda B. Jun 28, 2009, 3:04pm EDT

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?)
Jason Hillenburg Nov 17, 2008, 9:51am EST
First of all, bring back the two dollar bill. Post haste.

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.
Jeff K. Jun 28, 2009, 2:58pm EDT

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.

 
John S. (arizona) Nov 17, 2008, 12:50pm EST
NO. I'm one of those bah humbug just don't like them people, LOL.
Michelle W. Nov 17, 2008, 12:51pm EST
No. Coins are just plain too heavy to carry around. I dump all my change every couple of days because I hate carrying it in my wallet.
Μόףףý ● ķ ~ Nov 17, 2008, 12:52pm EST
No.
Janet "Jax" B. Nov 17, 2008, 2:41pm EST
It wouldn't bother me a bit...Canada has both a $1 and a $2 coin...
Alexis Newell Nov 17, 2008, 5:30pm EST
Don't we already have a $1 coin that no one uses?
Linda B. Jun 28, 2009, 3:01pm EDT

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.
flit . Nov 17, 2008, 6:19pm EST
it works very well here.... and it sure do make the change in my change jar add up a lot faster :)

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.
J W. Nov 17, 2008, 6:58pm EST
B No
Grems 'gremlin' Nov 17, 2008, 7:01pm EST
I go with the make both. Coins to get heavy but paper does not wear as well.
Dan (open minded conservative) K. Nov 19, 2008, 7:41am EST
No.
donna h. Nov 21, 2008, 8:39am EST
no

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