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 Replies: 37 / Views: 4,369 |
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Valued Member
United States
162 Posts |
If the situation were reversed, and we'd had only dollar coins for decades, I truly don't believe there would be anyone clamoring to introduce a $1 bill. If that's true, the coin-only condition must be a better one. So, the only thing to consider is whether the cost of changing conditions is higher than the benefit derived. Since the only cost is a minor period of adjustment, clearly we should switch.
This logic can be applied verbatim to eliminating the penny (and probably the nickel in a few years).
In the end though, the argument is pretty pointless, as it is inevitable that we will eliminate the $1 bill. By design, it becomes worth less every year, and so every year it becomes a more attractive option. The costs of conversion will be the same in 20 years, so we might as well switch now and save some extra money.
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Bedrock of the Community
Australia
21788 Posts |
I feel sure that Forums, such as this one, could be read by the U.S. Mint to provide input into the decision making process on future directions of U.S. coin production.
There are enough valued views put forward here by people who have thought about the coinage they use, for the U.S. Mint to have at least some good regard for the CCF, and for those views to be read.
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Pillar of the Community
United States
858 Posts |
Discontinue production of the paper note - very rarely do I ever carry more than five $1 on me at any given time. Makes a lot more sense to me seeing that that circulation life is much greater for the coin than the note. I don't feel it will be that much of an inconvenience. Like most changes in life, people will complain for the first two weeks and then forge all about it and it will be a part of everyday, normal life. To me - it is a cost cutting no brainer to the taxpayer.
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Moderator
 United States
189297 Posts |
Two comments worth repeating... Quote:
There a number of countries around the World that have compulsorily withdrawn low denomination notes, and replaced them with coins. The tactic has proven to work, with little complaint from the Public that has the change foisted on them by their Government. --sel_69l Quote:
If the situation were reversed, and we'd had only dollar coins for decades, I truly don't believe there would be anyone clamoring to introduce a $1 bill. If that's true, the coin-only condition must be a better one. So, the only thing to consider is whether the cost of changing conditions is higher than the benefit derived. Since the only cost is a minor period of adjustment, clearly we should switch. --ZiggyZ |
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Pillar of the Community
United States
3283 Posts |
I'm with the majority here, get rid of the costly paper dollar, it's too worthless
to spend taxpayers money on.
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Pillar of the Community
United States
2651 Posts |
What is a bigger waste of money.... Buying a Tool that costs $1 and never to use it? Or one that costs $2 and you use it all the time?
Dollar Coins = Waste
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Moderator
United States
189297 Posts |
Get rid of the dollar notes and the coins will be used. It is that simple. They only reason why they seem wasteful now is that there is an inferior, yet accepted and established, alternative competing against them.
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Pillar of the Community
United States
784 Posts |
Im 100% with throwing way the dollar bill and using the dollar coin.
Really who keeps one dollar bills in there wallet! (other then when you get change!)
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Bedrock of the Community
United States
17884 Posts |
Quote:
What is a bigger waste of money.... Buying a Tool that costs $1 and never to use it? Or one that costs $2 and you use it all the time? What is the bigger waste of money buying a tool that costs $1 that you can use again and again, or buying a tool that cost $1 and 12 cents every time you want to use it again. Paper dollar = waste of money |
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Valued Member
United States
404 Posts |
Don't you think this question on a coin related site is going to have some skewed numbers?
Kinda like asking if they should get rid of the Big Mac on a McDonalds forum isn't it?
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Valued Member
United States
404 Posts |
Oh, and I'm for getting rid of the dollar coins.
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Moderator
United States
189297 Posts |
Quote:
Don't you think this question on a coin related site is going to have some skewed numbers? Maybe, but I have had this discussion (off-line) with more than one "non-coin" person. Most (but admittedly, not all) agree with both ending the cent and the one dollar note. Of course, I often have to first explain what the issue is. Before that they would have polled as "undecided" as they had no idea there was even a concern.  |
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Pillar of the Community
United States
2651 Posts |
This forum is actually the first place I have ever heard people wanting the Dollar coin. This is a coin site though so I get it. However...since they are canceling the Dollar Coin program I guess the people have spoken.
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Pillar of the Community
527 Posts |
If the dollar bill were discontinued, do you think they would become a numismatic collectors item worth more than $1?
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Bedrock of the Community
Australia
21788 Posts |
jbuck: You are right, but a Forum such as this has considered and interested opinions in it, and is well worth the time spent by the Mint in reading threads such as this one.
Perhaps when this thread has ended, a copy of it could be sent to the Mint.
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Replies: 37 / Views: 4,369 |
First Page
Posted 12/16/2011 04:59 am
