Federal Res. Inventories Of $1 Coins At 1.155 Billion As Of 2nd Qtr 2018

Your dollar coins will never be popular until you drop your dollar bill, most counties like here in Canada and it has worked well, but as the US has shown it will never work with both

It's honestly much simpler than that, there just isn't big money get thrown at anyone from the lobbyists on either side. The honest truth is just that people prefer a dollar bill, it's lighter and more convenient. Coin collectors are pretty much the only ones who have strong feelings about dollar coins vs bills and even a large chunk of coin collectors prefer bills for circulation.

Lets not forget that coins are much easier to counterfeit for circulation than bills are, just look at what happened with the 1 Pound coin. They've even already cracked the new design unless you're a collector you won't notice and now after all the effect are right back where they started with fakes flooding commerce

That's the bottom line!

I do not think what the people want matters here. It seldom does with anything else since issues like this tend to have pluralities and no clear majority for or against. The truth is that most of the folks do not have a dog in the fight. If there were a majority it would be "meh" and adapt to the change or continue to use their electronic payments like nothing happened.

The truth is that killing the cent and replacing dollar notes with coins will save the treasury money. Of course the savings will not be passed to the people, but diverted to some other endeavour by the same legislation that initiated the change. That being said, the only way congress will throw away free money is if they are getting more money (more can be quantify or flexibility of its use) from someone or something else to maintain the status quo (you can also factor in the political or societal "costs of change" in that calculation).

What good use? Make more coins to store, build new storage facilities to store the unwanted/unused new inventory! storage is not free, it is an additional cost! what are these people thinking at the Mint!!

I'll answer myself : They are not thinking

That should have been done when they started issuing the Presidential dollars.

The coins will never last for a 30 to 50 year period with the problem of counterfeiting.




Not at all to be honest. The ones who can make passable paper concentrate on higher denominations, the paper mix is much harder to perfect than a transfer die fake type thing. There are far more operations that can pump out fake coins that would pass all day long in commerce than paper money ones.




There's nothing to buy it's literally already happened in England. Less than 2 years later from their new anti-counterfeit switch there are already having issues with fakes again. Just look into fake pound coins, coins are much easier to sneak by the general public and merchants

Not really because the printing of two will (or should) greatly increase. There may be some reduction but not 50%.



The lawmakers are being subsidized, not the coin or note production.



What is disturbing is the draw down rate of the dollar coins is declining, it used to be 6 million coins a month.



Mint doesn't have an say in the matter. The coins are authorized and if the Fed orders them they make them. But the Fed hasn't ordered and dollar coins since 2011. All dollar coins since than have been made for sale to collectors and really aren't adding to the stockpile, just to the mints profit line. And I doubt the Mint ASKED for the Innovations dollar.



It should have been done when the started issuing the SBA's