No More Dollar Bill!?

Gary's right that 180 year old no bid contract is always going to be 1 of America's
Icon!

But a congressman has a bill for a $5.00 coin I heard it on PBS radio Sunday as the week in review but only heard half about $5.00 coin

Frankly I think the reason they are not getting rid of the $1 bill is because of a very powerful lobbying group. All of their time and resources are tied up into the $1 bill. Eliminating the $1 would wreck havoc on their very existance. Yes, the group of which I speak is none other than....www.wheresgeorge.com!

Can you even imagine what all those people would do with their rubber stamps?

Its not a pretty thing to think about.

Well personally, I love paper money. When I was a kid .. ok... about six years ago when I was nine my brothers and I received three dollars a week in allowance. On Wednesday when my mom took us to the bank and gave us each three crisp one dollar bills was the highlight of the week. We'd save it til the weekend and we would walk to the gas station ( formerly Handy Andy's ) and buy candy sticks and slurpees. It was great.

I don't see the abolishment of coins and money coming soon, because I cant imaqine seeing a nine year old walk into a gas station and paying with a card.

I heard they saying dollar coins are pain to use. Use 2 dollar bills instead and quit making the 1 dollar bills and replace it with the dollar coin. Carry around an lot two dollar bills becides 1 single dollar paper note. That would fix the problem peaple will be forced to use two dollar bills and dollar coins.

Buy an hambuger or whatever for 1.89 at wendys . Pay with 5.00 dollar bill . Get back an 2 dollar bill and one dollar coin and 1 dime and 1 penny . Becides 3 one dollar paper notes and 1 dime and 1 penny for change.

They could replace the 1 dollar bill with two dollar bills since they are used not anywhere these days. I dont see why paper guys are so upset over it. They can print tons of two bills instead becides 1 dollar bills like they already do. Use those two dollars bills to replace the singles. Federal banks are already full of brand new 2 dollar bills that will sit for years before they ever ordered or used.

Its an mess and why not use the two bills instead singles.

Chevrolet454ss

Coins are initially more expensive but that is overcome by the fact that the average $1 bill needs to be replaced about every 18 months whereas coins last 40-50 years(not including Zincolns). There probably aren't enough dollar coins currently in circulation to make it feasible now, but after a few more years of multiple hundreds of millions of Pres $1s being minted it should be no problem.

Another issue is the fact that the $1 bill represents 40-50% of the annual production volume for the BEP. The Fort Worth Facility would probably close and quite a few Treasury employees would be laid off. This is irrelevant in the grand scheme of things but you know how hard it can be to eliminate government jobs and close facilities

Not only would you have the Massachussetts Congressional delegation after you(Crane Paper Co- the sole supplier for the BEP) but also the Texas delegation(Forth Worth BEP facility)

Increasing production of the $2 bill could offset some of the loss in both Texas and Mass.

My Son never carries any cash of any kind. He learned that in college. All food, books, supplies were handled with plastic. Everywhere he goes he uses plastic. Gas stations, stores, restaurants, everywhere. He was just telling me he has a difficult time remembering using cash. I really like when he fills up with gas, waves a card at the pump and drives off. We have toll roads all over the area here and the biggy now is a thing called IPASS. If you don't have one of those electronic things in your car window, you have to go to a pay station and pay double what it would have costs if you just had that little prepaid thing in the window. And those stations are becoming less and less. No cash wanted.
Anyone that thinks there will still be a monitary system in the near future probably thinks Beanie Babies will come back.

There will always be a monetary system... whether or not it will involve physical coin or currency is the issue.

So, terminology aside, I have to agree that our monetary system will be 100% digital in the not-so distant future. Do I like it? Well...