Comments on: Paper Dollar Versus $1 Coin, Fun Facts Comparison

By: dustin

dustin — Mon, 07 Jan 2013 14:01:43 +0000

Just do away with all paper and coins completely. I have not had the need for either in 10 years. Move everything to bank/credit card, all problems solved, even the drug dealers and counter-fitters lose.

By: James O. Morris

James O. Morris — Wed, 15 Feb 2012 15:08:36 +0000

We need to end the arguments against using the dollar coins, and start circulating them. Once they start circulating, people will use them.
When was the last time you got a dollar coin in change? Or a half dollar for that matter. If you are lucky ,maybe you will see one a year.
The Federal Reserve can force the use of the dollar coins, by requiring it’s customers to take one coin dollar for every paper dollar they receive. The banks would then be forced to do likewise. It is business that is primarily resisting the use of dollar coins, NOT so much the public.
It is time to set a target date to phase out the dollar bill, (two years is reasonable) and start using the millions of dollar coins in the vaults immediately. Not only would it save money, but it would educate people that have never even held one of the Native American dollar coins, or an SBA dollar coin in their hands. Even the Kennedy half dollar coin rarely circulates.
Eliminating the dollar bill would force the use of these coins. Millions of cash registers, money changing machines, and vending machines would have to be changed out or manufactured, which would require the hiring of more people.
Over-all it just makes sense. It saves money, and that would be good for the economy.

By: A. D.

A. D. — Wed, 02 Nov 2011 23:59:20 +0000

Canada does not use the paper dollar and only has 1 and 2 dollar coins. I had no problem with it. You have only one or two in your pocket at one time. I find that people have a hard time accepting change…and I don’t mean the change in your pocket. Get rid of the paper dollar.

By: S. Phillips

S. Phillips — Fri, 15 Jul 2011 16:00:14 +0000

Our government just needs to stop making paper dollars and only make coins. Maybe the federal reserve needs to tell the banks to use them … you should not have to ask for them.

By: Munze

Munze — Thu, 15 Apr 2010 22:05:29 +0000

/* “The Mint needs to stop printing dollar bills.” */

Uh, the Mint only makes coins. The BEP prints currency.

And remember that here, unlike most countries, decisions about coins and currency have to be approved by Congress where every one-term back-bencher gets to have their say. Whenever anyone makes a serious proposal to stop printing $1 bills, the lobbyists from Crane Paper and Save the Greenback go ballistic and the politicians play right along. The law that authorized the Presidential dollars had a clause inserted into it mandating continued production of dollar bills!

In fact meddling’s been going on for over a century, like when the Virginia delegation hamstrung Congress for weeks because they were afraid Jefferson’s image might be removed from the nickel during the Lewis and Clark Bicentennial, or the fulminations and grandstanding over whether the lettering for “In God We Trust” is sufficiently prominent … or the flap over the “obscene” Standing Liberty quarters in 1916, or whether Victor David Brenner should have put his initials on the cent in 1909 … the list goes on and on.

/* “That’s the only solution.” */

You’ve got my vote there!

By: throcko

throcko — Mon, 12 Apr 2010 19:40:50 +0000

Dollar coins are so much more convenient for so many things. I use them to tip street musicians–dollar bills would just blow away. I wish that parking meters and laundry machines would take them so I wouldn’t have to carry so many d-mn quarters. I wish people would use them on the bus so I don’t have to stand there waiting while little old ladies feed in their crumpled bills.

The Mint needs to stop printing dollar bills. That’s the only solution.

By: MHess

MHess — Mon, 12 Apr 2010 17:03:04 +0000

@Tom It's easy to procure $1 coins at face value directly from the mint. There's an article about it here.

By: Tom Gambucci

Tom Gambucci — Tue, 16 Feb 2010 23:25:41 +0000

If the Mint were really interested in a “campaign promoting the use of $1 coins”, they wouldn’t CHARGE citizens more than $1 to get their hands on “Dollar” coins. The Mint is treating these beautiful coins as collectors items, yet producing them as if people use them. I love these coins and would gladly be rid of filthy crinkly paper dollars, but it’s so hard to find any at local banks and credit unions.

By: JayKay

JayKay — Sat, 03 Jan 2009 03:11:47 +0000

/* “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?

By: Koichi Ito

Koichi Ito — Tue, 10 Jun 2008 09:10:52 +0000

$1 Coins are much more fun to collect than $1 Bills. But $1 Blls are much more easier to use.