Thoughts on the Dollar Coin

[Adul]

Originally posted by: ShotgunSteven

Originally posted by: rh71
i don't think anyone has mentioned the thought behind doing this... what is it ?

The smaller the denomination of bill, the more it circulates and the faster it wears out. Thus they wanted to replace the bill that circulated the most and wore out the most.

I spent six of the Sacajawea dollars on a matinee movie ticket the last weekend. The girl gave me a strange look, went to go ask another employee about them, then came back and gave me an even stranger look before giving me my movie ticket.

LOL

i got to do that

 

[ShotgunSteven]

Originally posted by: tami

Originally posted by: farmercal

I like the idea of the dollar coins because the one dollar bills just fill up the wallet, besides the dollar bill doesn't last very long in circulation but coin can easily last 30 years. Think about the budget for a minute.

then allow me to ask - what's cheaper? paper or copper/bronze or whatever those coins are made of? i'd suppose that we'd be inclined to say paper.

Paper is cheaper for the initial cost, metals for the long run since the coins last a lot longer.

 

[tami]

Originally posted by: ShotgunSteven

Originally posted by: tami

Originally posted by: farmercal

I like the idea of the dollar coins because the one dollar bills just fill up the wallet, besides the dollar bill doesn't last very long in circulation but coin can easily last 30 years. Think about the budget for a minute.

then allow me to ask - what's cheaper? paper or copper/bronze or whatever those coins are made of? i'd suppose that we'd be inclined to say paper.

Paper is cheaper for the initial cost, metals for the long run since the coins last a lot longer.

this is true, but you don't see many old coins around anymore. i see plenty of pennies that are covered in dirt or mud or gum and are pretty gross to handle. coins wear down too, maybe a little bit slower than paper, but everything has its lifespan.

i think people put more care into dollar bills because they are simply more fragile. that gives paper money a few more years too.

what about the dollar bills with plastic embedded into it? i've seen that in australian money or something. that was cool, and they appear, at first glance, to last longer (i don't think they're as easily "rippable").

 

[kranky]

Average lifespan of a paper dollar is 18 months, for a coin it's 30 years.

 

[tami]

i still have 1996 dollar bills in my possession.

 

[EMPshockwave82]

Originally posted by: HardcoreRobot

Originally posted by: EMPshockwave82
what are we... canada?


if we stop printing paper currency and go to all coin currency (or most coin currency) i think it would be a terrible idea


many people in this country under the age of 20 cant even read an analog clock (the one with hands)... throw in a coin that looks like the others and we have massive problems

all bills are the same color and size. you cant even say that about coins, so i dont really think this is a valid point.

how is this not a valid point?... remember the susan b anthony dollar?

it looked exactly like a quarter and to this day people STILL dont notice them when they get them, they just think it's a quarter