With all the advantages of banknotes, why do we use coins at all? Quarter dollar bill, anyone?
If the half dollar coin and the two dollar bill were more widely circulated, we wouldn’t need to carry around so many dollar bills (or coins), which would lessen the advantages of bills over coins.
Most people prefer One Dollar Bill for transaction of money. And think that One Dollar Coin is for collector. Since One Dollar Coins are popular with coin collector, but not for use of purchasing goods and service!
These coins are great to use. Even just to give a little excitement to a cashier or server.
Since you can’t really get anything anymore for a dollar, but maybe a $1.25 or $1.50 in a vending machine, the $1 coin only makes sense for use.
Bring back the $2 bill so you have a low commodity bill and the $1 coin is used in the vending machines and parking meters. Sure, maybe more people will use the $2 bill, but the government would produce less of them when compared to the $1 bill and I think as a result the $1 coins would be utilized more.
I live in the US but am originally from Canada where we not only have a $1 coin but also a $2 coin. They are a lot easier to use, especially for those people who use parking meters, public laundry facilities, car washes, etc. Instead of using handfuls of quarters you only need one or two dollar coins. For example when I did laundry in Canada I used 2 dollar coins for washing. Here I use 6 quarters for washing.
The solution is to stop making dollar bills and start making two dollar coins. With $1 and $2 coins, you only have to carry two coins at most. Carrying two coins is easier than carrying 4 bills.
Why don’t we do away with pennies? They are worth far less than the old inflation-adjusted half cent was.
Is it true that the “In God We Trust” has been removed? If so, I as a christian, will have no part of this new coin, whether is is “green”, convenient or anything else.
Almost every other major country in the world has eliminated its dollar bill or equivalent, and civilization hasn’t fallen. I’ve spent a lot of time in the EU and never had to fight with bill acceptors on vending machines or transit vehicles - just pop in a €1 or €2 coin. (I was going to ask if their citizens are more adaptable than ours, but I think I just answered my own question …)
As far as the purported removal of In God We Trust, it AMAZES me how a combination of the far right and rumor-whisperers can keep this myth alive. And anyway, people forget that paper currency didn’t have the motto until the late 1950s and early 1960s. It was only added as a way to differentiate the U.S. from the “godless Communists” of that era. We DID manage to defeat the Nazis without having the motto everywhere, didn’t we?
August 22nd, 2008 at 2:12 pm
The bottom line:
“Removing dollar bills from circulation is the only event that will cause Americans to carry $1 coins in any significant quantity.”
August 22nd, 2008 at 2:33 pm
With all the advantages of banknotes, why do we use coins at all? Quarter dollar bill, anyone?
If the half dollar coin and the two dollar bill were more widely circulated, we wouldn’t need to carry around so many dollar bills (or coins), which would lessen the advantages of bills over coins.
August 22nd, 2008 at 3:10 pm
I’d give up $1 bills in a heartbeat. I hate them. Dollar coins all the way… if only I didn’t get an ugly look when I ask for a few rolls at my bank.
All the Mint has to do is simply stop making $1 bills, like the author says.. problem solved! People would cry for a bit, and then simply get over it.
August 22nd, 2008 at 8:48 pm
If bills went away, people would just use their cards. All transactions will be digital before end-century.
August 23rd, 2008 at 8:40 am
Most people prefer One Dollar Bill for transaction of money. And think that One Dollar Coin is for collector. Since One Dollar Coins are popular with coin collector, but not for use of purchasing goods and service!
August 24th, 2008 at 3:50 pm
These coins are great to use. Even just to give a little excitement to a cashier or server.
Since you can’t really get anything anymore for a dollar, but maybe a $1.25 or $1.50 in a vending machine, the $1 coin only makes sense for use.
Bring back the $2 bill so you have a low commodity bill and the $1 coin is used in the vending machines and parking meters. Sure, maybe more people will use the $2 bill, but the government would produce less of them when compared to the $1 bill and I think as a result the $1 coins would be utilized more.
August 30th, 2008 at 4:58 pm
I live in the US but am originally from Canada where we not only have a $1 coin but also a $2 coin. They are a lot easier to use, especially for those people who use parking meters, public laundry facilities, car washes, etc. Instead of using handfuls of quarters you only need one or two dollar coins. For example when I did laundry in Canada I used 2 dollar coins for washing. Here I use 6 quarters for washing.
October 26th, 2008 at 7:54 am
The solution is to stop making dollar bills and start making two dollar coins. With $1 and $2 coins, you only have to carry two coins at most. Carrying two coins is easier than carrying 4 bills.
Why don’t we do away with pennies? They are worth far less than the old inflation-adjusted half cent was.
October 30th, 2008 at 11:59 am
Is it true that the “In God We Trust” has been removed? If so, I as a christian, will have no part of this new coin, whether is is “green”, convenient or anything else.
October 30th, 2008 at 12:57 pm
No, it isn’t true. http://www.snopes.com/politics/religion/dollarcoin.asp
January 2nd, 2009 at 9:03 pm
Almost every other major country in the world has eliminated its dollar bill or equivalent, and civilization hasn’t fallen. I’ve spent a lot of time in the EU and never had to fight with bill acceptors on vending machines or transit vehicles - just pop in a €1 or €2 coin. (I was going to ask if their citizens are more adaptable than ours, but I think I just answered my own question …)
As far as the purported removal of In God We Trust, it AMAZES me how a combination of the far right and rumor-whisperers can keep this myth alive. And anyway, people forget that paper currency didn’t have the motto until the late 1950s and early 1960s. It was only added as a way to differentiate the U.S. from the “godless Communists” of that era. We DID manage to defeat the Nazis without having the motto everywhere, didn’t we?