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Old George's Not Done For Yet!

 
 
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Pillar of the Community
United States
3985 Posts
 Posted 07/30/2019  9:04 pm Show Profile   Bookmark this topic Add Lucky Cuss to your friends list Get a Link to this Message
Over the years, the government has done all they could to promote the use of $1 coins (to no avail). Well, did anybody happen to see the Government Accountability Office's press release from earlier this year in which they've reversed a longstanding advocacy for a $1 coin, and now actually recommend retaining the $1 note owing to its improved durability?

See: https://www.gao.gov/products/GAO-19-300

Colligo ergo sum
Edited by Lucky Cuss
07/31/2019 07:45 am
Bedrock of the Community
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United States
10181 Posts
 Posted 07/31/2019  01:10 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
*Government Accountability Office
Tantum religio potuit suadere malorum.
-Lucretius

"Just because you're paranoid don't mean they're not after you."
-Kurdt Kobain

My Want List: http://goccf.com/t/282022
Pillar of the Community
United States
2321 Posts
 Posted 07/31/2019  02:24 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I believe the added longevity of our paper currency is partially due to the increase of the public using electronic payments over cash transactions. This debate comparing one dollar coins versus one dollar notes is both long lived and ultimately decided by the public which has said they would rather carry paper money over coins. Electronic bank payments through debit & credit cards has almost eliminated the need for checks.
Pillar of the Community
United States
579 Posts
 Posted 07/31/2019  08:13 am  Show Profile   Bookmark this reply Add cashhound to your friends list Get a Link to this Reply

Quote:
. . . added longevity of our paper currency is partially due to the increase of the public using electronic payments over cash transactions.

Pillar of the Community
Canada
2792 Posts
 Posted 07/31/2019  08:16 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
For the same amount of circulation, coins do last longer. I recall reading some studies on that. That is one reason Canada switched over to coins. If there is no circulation, anything will last forever.
Pillar of the Community
United States
585 Posts
 Posted 07/31/2019  09:02 am  Show Profile   Bookmark this reply Add CitationSquirrel to your friends list Get a Link to this Reply
Thanks for posting Lucky Cuss.
Moderator
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United States
78167 Posts
 Posted 07/31/2019  11:40 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
This is old news, but I cannot find the original topic from March.

I will let this one remain open for now.
Pillar of the Community
United States
2321 Posts
 Posted 07/31/2019  1:09 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Article (thread) from BadDog written in April.

http://goccf.com/t/344848
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United States
78167 Posts
 Posted 07/31/2019  2:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Thank you Steve! My Google-fu was off this morning.

Let us continue there.

http://goccf.com/t/344848
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