Dollar Bills By Year 2020?

My question is how does Canada handle the coins for all denominations up through $2? From my experience as a cashier, the only Americans who carry coins are women with a coin pouch in their purse/wallet, people who just got change back from their last transaction, and people who deliberately plan to make a purchase at a vending machine or gas station.

I'm with just carl on this. The widespread use of the half, $2, and $1 coins will never happen. It's much more convenient for for people to use a debit card versus cash. Physical cash is becoming an oddity even now, so in the future it will be used even less. Cash is dying, and the odd denominations are all but extinct.

pretty sure I voted coins should replace the bill, but probably wont do so.

the thing is if people using the electronic payment forms don't care, why should their voice count? they don't use the coins or paper, and coins last longer than paper, and cost about the same to make. it will happen if the gov decides to end the paper $1. vendors take electronic payments now so why should they care what type of $1 is used, coin or bill? bill collectors has to be near the slot to keep them in and coin have gravity to pull them away to leave more room for coins before you get a jam when it can no longer accept them. most vending machines cannot handle giving cash for larger bills either, but it could issue coin dollars as change just like any other coin by resupplying itself.

the issue just has to be force like the removal of the half-dime, 3-cents piece, etc. 1 generation down the line they wont care. In spending halves yesterday the woman had seen various coins from other country, but NEVER a Kennedy half before and had to ask a manager if it was money. that just proves the generation gap exists and money will move on however it is made and people will learn to use it with each new generation.

Why does the opinion of people that don't even use cash matter in the discussion of cash types? It is like asking someone that hate chocolate how you should make your chocolate chip cookies. it is of no use and their opinion has little value since they are not really part of the target users?

No worries jbuck. The half is not exactly "phased out" It is just currently not being minted for circulation, same currently true with the dollar coin. The U.S. Mint has already stated that, the half dollar denomination will NOT be discontinued and will strike more halves when the current supply runs out. And there is proof the the half still being listing on the U.S. Mint's website, with pictures and information as a "current" denomination. Now, I would consider halves "phased out" if I could not have a bank or credit union order them at will. Something they can not do with Half Cents, 2 cent, 3 cent, 20 cent coins and/or $500, $1,000, $5,000 and $10,000 bills.

Anyway, I see no reason why the goverment shouldn't make a penny-sized copper or golden colored half if they phased out the cent and the $1 bill, seeing as most five-slot cash registers would have places for halves, dollar coins and $2 bills, with the demise of the cent and the $1 bill. Why not use all three denominations when given the chance?

Now I know some people think that two quarters do the job good enough, that we don't need a half. Well, obviously, at one time, the government felt we did, and I think a penny-sized half would be nice to carry, especially, if it were lighter than one quarter, let alone, the two quarters that the current size half weighs. I'm not a weak person that can't carry heavy change. In fact, I don't mind carrying heavy change at all, but I would rather carry less denominations of both, bills and coins, and a nice, small half that would work in vending machines would be fantastic.

All the arguments that "americans won't...." etc I don't believe. Americans are not different to other people. If the coins are what they need to spend, and what they get given, they'll use them, and they won't notice the difference except maybe in strip clubs.

The problem is the government, and the this just doesn't work for the people, but will use any argument it can to make sure big business keeps its profits. And there is a company that stands to lose if the dollar bills go, so they won't go. Simple as.

Waiter/Waitress depends on those dollar bill tips! It is easier for them to carry and so like other types of business, but the future will change it whether people prefer it or not.

The day that no more Cash business is the day most people will pay taxes like the rest of the other people. The government would like it.
Who else would like that? Banks offering cash back 1-5% per transaction, look at the commercials having people tapping the CC to the scanner, most online business only uses CC, I have to agree with just carl, the next generation don't care much about coins or bills, that credit one day will dominate 90% of all transactions, and dollar bills and coins will be a thing of the past. A lot like stamps.

Wrong. Seigniorage income derived from notes is from interest payments on Treasury securities held to collateralize the notes. In other words, when they print a new note to replace a worn out note, it does not count. This is a problem for the one dollar note; continual reprints consume its initial profit.


Probably because the difference is insignificant. It is not cheap having to constantly ship worn notes in and new notes out. Coins are heavy, but they are shipped only a fraction of the time over their life.

Using this flawed transportation argument means we should get rid of all coins and have paper only.

Besides, we all know that electronic transactions are going to win eventually.

I voted other

For research purposes, search the forum for where jbuck and I both asked the Canadians about the weight issue being a problem with dollar coins. It does not matter what we want to be true - the weight issue is an actual problem.

So I do not want to see the dollar bill gone.

The economics, though I believe slanted and not taking into account the costs the private sector will have to absorb to switch over to dollar coins (in other words the people get the raw end of the deal anyway), seem to say the dollar coin is a better choice to save money. And I say this while we just had to 10,000 + for ONE night for the first lady to have a night in a motel and 250.00 taxpayer dollars per plate for the evening meal in the White House is *supposedly* not uncommon.

So let's compromise. Make a dollar bill out of polymer - proven to last longer, and make some dollar coins for those who want them.

Or the smart thing...
Switch back to a PM base, reevaluate the actual value of a dollar by making a new dollar that is worth, let's say 10 of the old ones, and allow the old ones simply to die their natural death in circulation.

Excuse me now so I can go find a winged horse to be ready to fly to D.C. to congratulate them personally when the problem is actually solved in a logical manner like this. By the time I find the horse, I figure it will only take D.C. 42 more years to get the problem solved.