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 Replies: 63 / Views: 5,665 |
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Valued Member
United States
227 Posts |
Poll Question
If someone were to start a petition to get rid of the dollar bill and only have a dollar coin like most of Europe, Who would sign it?
I will say that they should make it less bulky more like the pound. But if they would do that how many would support it?
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Pillar of the Community
United States
3294 Posts |
I would also vote to strike the $2 bill and replace with a coin.
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Valued Member
 United States
227 Posts |
Those aren't as prevalent but I would second that.
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Pillar of the Community
United States
671 Posts |
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Valued Member
United States
60 Posts |
I wouldnt get rid of it in full but cut the printing in half and forces on dollar coins to replace them
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Bedrock of the Community
United States
12437 Posts |
Yanking production of the $1 bill will be the only way a $1 coin will succeed.
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Valued Member
United States
60 Posts |
Yea but to have the option is the best way dollar bill or dollar coin you cant force one or other on someone you know.
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Valued Member
United States
296 Posts |
From a fiscal standpoint it does make sense to replace the dollar bill with a dollar coin. I don't remember the exact numbers(nor where I read it) but the lifespan of a bill is considerably less than a coin. In the long run it even off sets the initial greater cost of making the coin. It would save the government money. Plus, the coin can be melted down and recycled, the bill gets burned when they reach the end of their life spans. I would prefer a coin.
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Bedrock of the Community
Canada
10743 Posts |
We didn't have any choice in Canada, they minted a dollar coin, took the dollar bill out of circulation, and BOOM! no more dollar bill.  |
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Pillar of the Community
United States
2734 Posts |
The $1 bill only exists today in the U.S. because of the paper industry's lobbying (its equivalent is already gone from Canada, Australia, Great Britain, the Euro countries, etc.).
The $1 bill will have to go for the $1 coin to achieve widespread use circulation, that's all there is to it!
The $2 bill is already not in 'common' circulation, but a $2 coin would make sense as well....
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Pillar of the Community
United States
5318 Posts |
Quote:
they minted a dollar coin, took the dollar bill out of circulation, and BOOM! no more dollar bill. Right--if it saves money, just do it. Crane Co. can find other contracts. |
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Moderator
 United States
187446 Posts |
I fully support the effort to get rid of the One Dollar Federal Reserve Note!  |
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Valued Member
United States
442 Posts |
For my own selfish reasons I'd vote against it. I collect currency as well.
Now, if/when they do they should stop making dollar coins. There are enough now to last in circulation for quite a while if they ever DID reach circulation.
Only getting rid of the paper will achieve that.
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Pillar of the Community
United States
7123 Posts |
I would not sign it for political reasons ,,I would not like to see the EU type system in this country .
Ther rest of this discussion on my part belongs in the GD forum .
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Valued Member
United States
227 Posts |
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Pillar of the Community
United States
716 Posts |
I would support it too. There are so many brand new $1, 50C coins stored in bags in Fed's vault. IJ would like to see JFK in circulation.
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Replies: 63 / Views: 5,665 |
Posted 10/04/2008 5:50 pm
