Paper Dollar Versus $1 Coin, Fun Facts Comparison
When paper dollars are squared up against $1 coins, who comes out the winner and why? Clearly, as the "fun facts" money table shows, the one dollar bill wins out as the currency of choice by a wide, wide margin.
$1 Bill versus $1 Coin: Which is the Winner Today?
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Although the table lists individual advantages bills have over $1 coins, when taken in totality it’s much harder to picture a winning scenario for dollar coins outside of the collector market while paper dollars exist.
In recent news, it was announced that the United States Mint has enlisted the help of GolinHarris to create a campaign promoting the use of $1 coins. Wendy Love, Golin EVP, was quoted as saying,
"We really need a compelling reason for people to change their behavior towards the dollar coin in general.
This campaign is designed to focus on the fact that these coins are 100% recyclable and that they last for a long time, which saves natural resources and money.
The thing we are testing with this campaign is the idea that there is a different sort of benefit with using this coin."
Will a public relations push emphasizing the environmental and economic benefits of coins over paper money work?
Will consumers stop using $1 bills because marketing ads tell them coins make the world a better place to live?
If paper dollar bills are a terribly bad idea today, why doesn’t the government stop making them?
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June 10th, 2008 at 3:10 am
$1 Coins are much more fun to collect than $1 Bills. But $1 Blls are much more easier to use.
January 2nd, 2009 at 9:11 pm
/* “Blls [sic] are much more easier [sic] to use.” */
Please tell me that after a vending machine has rejected the last 4 $1 bills you tried to use because they’re too wrinkled, the wrong side up, etc. etc. - or while you’re trying to get on a bus in the rain while the farebox keeps spitting back every bill fed into it.
Get rid of the $1 bill, make more $2 bills and a better-sized half dollar, or even make a $2 coin. England, Australia, Canada, and the EU have all done so and it works there. That’s almost a billion people who have no problems with using coins - are they somehow all wrong?