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 Replies: 31 / Views: 5,256 |
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Valued Member
United States
413 Posts |
I still fail to understand why we cannot withdraw $1 bills in order to encourage more use of $1 coins?
If the $1 coins are too similar to our quarters, why can't we change the shape or size of quarters?
I remember writing a letter suggesting that we changed the shape or size of quarters and add more $2 bills in the circulation to help with $1 coins. I also asked that the $1 bills to be withdrawn.
My uncle from Ireland complained about getting too many $1 bills in the change. He said $1 is useless. That is his words, not mine, mind you.
He failed to understand why we do not have $1 coins or $2 coins/bills in the circulation. I explained about the efforts the Government has made over the years.
Are we that averse to $1 coins?
Canadians seem to have no issues with their $1 and $2 coins? So does Aussies, Kiwis, and British.
Your thoughts, please?
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Bedrock of the Community
 United States
12477 Posts |
Sorry, Carrigna, no insult implied in any way but, I've been waiting to use this.   In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
13014 Posts |
Yes the country is adverse to it no matter what polls say. Merchants don't want it and the public doesn't care.
More mportantly there's just no reason too. Electronic transactions are a larger percentage every year and will continue to increase.
Edited by basebal21
11/14/2017 02:10 am
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Valued Member
 United States
413 Posts |
@ spruett001, LOL!
@ basebal21, yea, that is true but sad.
I just like an idea of having $1 coins.
Also, I read somewhere Americans did not use much of silver dollars back then as well. Prefer bills or smaller coins. Wondering that might be one of many reasons we dislike having $1 coins around?
In the West, they used silver dollars more. That is my understanding.
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Bedrock of the Community
United States
12477 Posts |
To clarify my previous post:
Your question is likely the most discussed topic here concerning coin/currency change. The paper/polymer note debate is related. I really don't hold strong opinions either way.
My most forthcoming opinion is that if $1 coins were more attractive in design and composition, they may have a chance. As it stands, no one really cares and would rather stick to the bills they know.
basebal21 points out another important aspect. We are steadily advancing toward the removal of cash transactions altogether. If the ultimate goal is non-cash soon, it makes no sense to change the currency situation now.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Moderator
 United States
14463 Posts |
try a search on CCF. US elimination of the $1 note probably has as many threads as elimination the 1¢ coin.
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Valued Member
United States
413 Posts |
That is quite sad, methinks!
I would have to admit you are right about electronic aspect of our currency is on rise.
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Valued Member
United States
413 Posts |
Sorry about having a duplicate post on same topic.
Does that mean I will lose my points? :(
Thank you, Fuzzy, for bringing this to my attention.
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Bedrock of the Community
Australia
21786 Posts |
A One Dollar bill would take less room in your pocket than a One Dollar coin.
A One Dollar coin has a circulation life of 30 years or so.
A One Dollar note has an average circulation life of less than a year.
Therefore, coins are cheaper to produce over a 30 year period than One Dollar notes.
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Rest in Peace
United States
10625 Posts |
Our government is too busy working on bigger fish to be concerned with getting the millions of Pres. Dollars out of storage and into circulation.
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Valued Member
United States
413 Posts |
@ sel_691, yes, I agree with you on both points.
@ dave700x, hate to see how wasteful our taxes are spent. :( Terrible! Unfortunately, it is true.
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Pillar of the Community
Canada
9149 Posts |
US will not get the $1 coin used more unless they pull the paper dollar out of circulation totally.
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Moderator
United States
54280 Posts |
Quote:
My uncle from Ireland complained about getting too many $1 bills in the change. He said $1 is useless. That is his words, not mine, mind you. If they eliminated the $1 bill, then listen to your uncle complain about his pocket being so heavy from "too many" dollar coins! |
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Pillar of the Community
United States
6130 Posts |
Americans have a mentality that bills go in the wallet to be spent later, and change goes in a jar to build up until you have a nice little sum. We hate having jingling pockets all day, for whatever reason. As for resizing the dollar coin, that won't fly because the vending machine lobby has inordinate power over currency law. They were the reason we had to put manganese in the Sac and President bucks (electric conductivity signature had to be indistinguishable from the Susan B Anthony dollars), and it would cost them millions out of pocket to upgrade all vending machines across the country. |
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Pillar of the Community
Canada
5238 Posts |
As has been mentioned a number of times before, these decisions are based on politics and tradition, not logic.
Americans are quite conservative with respect to important American symbols, of which the money is one.
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Bedrock of the Community
United States
10284 Posts |
Ask me ...  Absolutely nothing. I don't even put my wallet in my pocket. Any change I get goes in emptied amber pill tubes in the car or in the kitchen. I get change when I'm with the wife and hand it to her. I doubt I would ever carry a dollar coin. Never have? It won't be long and coins in circulation will be obsolete. The Govt should have stored away gold instead of golden looking dollars. They should take them all to pay off the debts we have with other countries. LOL Edited by TNG
11/14/2017 10:44 am
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Replies: 31 / Views: 5,256 |
Posted 11/14/2017 02:09 am
