Dollar Bills By Year 2020?

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.