Dollar Coins Unpopular?

Now that is a good reason.

One of the problems is that, for several years, people were ordering boxes of dollar coins from the Mint (with free shipping) using credit cards (in order to get the reward points), then dumping the boxes at their banks, & paying their card bills that way. The banks mostly pay out the denominations the customer asks for ; it's businesses which normally request singles, & it doesn't seem many ever thought to ask for dollar coins instead of notes (maybe because they didn't want to change their cash-handling procedures, maybe because they didn't know the coins were available) ; the banks wound up shipping the coins back to the Federal Reserve banks, so the Fed wound up with vaults full of them. It's no surprise the coinage was suspended, or that the banks won't order them.

Meanwhile, I bought ten of them out of a cashier's drawer at the drugstore the other day. And when I asked for paper wrappers at one of those little grocery-store banks, the teller handed me ones sized for silver dollars!

I keep hearing/reading about "there's no space in the register". What a lame excuse. How hard would it be to snip a piece of cardboard and wedge it in one of the spaces? Add to that say that your business no longer deals with cents and that they always round down. Excuses....

For me, this could bring me to use $1 coins:

http://gizmodo.com/5979917/stores-c...-credit-card

Right now, I use my credit card for almost EVERYTHING, even a $1.06 drink at McDonalds. Currently, there's no downside: my wallet stays thin AND I make 2-3% back in "rewards." If stores all started charging me 4% to use a card, I'd switch to cash/coin, and I'd certainly be spending dollar coins regularly.

Certainly most stores would appreciate not having credit card fees (although I'm sure reported taxable income would go down a lot ).

I spend dollar coins regularly and I have never had anyone not accept them yet. Even most teenages know what they are. For the few who don't, they still accept them, and some even think they are 'cool'. I really believe that they would be accepted by most people if this was the only option.

I've never had someone turn down dollar coin but I have had an interesting experience with half dollars. I was trying to pay for a pizza with a roll of half dollars. The cashier said she would have to check with her manager. The manager came out and said no, he wouldn't take them. I replied that that was all I had so if he wanted to sell the pizza (that he they already made) he would have to accept the half dollars. He did, but said "This time only".

But even that would be odd because the two dollar notes would ramp up so there would really never be a need to have more than one.