Comments on: COINS Act Would Eliminate Dollar Bill, Replace with $1 Coin

By: Tom

Tom — Tue, 09 Oct 2012 07:45:32 +0000

Everybody also needs to shut up about the “stripper” issue as well. If you don’t want to toss dollar coins at them, then cash in some dollar coins for $2, or even $5 bills if you’re that perverted.

Oh, and a $2 1/2 dollar coin would be a horrible idea, compared to an even $2 coin. Adding a fraction to a non-fractional denomination like the quarter eagle would be too confusing in this day and age.

By: Daniel Bucharski

Daniel Bucharski — Fri, 25 May 2012 15:04:04 +0000

Every body shut up about the weight of the dollar coins. If people have alot of change in there pockets it because (a) they cant count (b) or they choose to have all that change in there pocket. I would have to say 90% of the time when the bill is $4.26 people would rather hand out a $5 dollar bill than dig for change. So stop about the weight when people would rather collect it. Second counterfeit coins would be much harder to do rather to a paper note. Its not worth to counterfeit the one dollar. Life expectancy of the $1 note is around a year compared to the coin of 30 years also you can remelt coins into new ones. Not only is the government saving taxpayer money there also making money off the seniorage. One bad thing I can think of is the shipping of the weight but if you weigh it out less coins would have to be shiped out due to the long life expectany compared to paper.

By: Brett

Brett — Thu, 29 Mar 2012 19:42:53 +0000

If it saves money lets give it a shot unless it will cause more trouble than it alleviates. I would like to see a coin scheme that supports the “green” environmental issue that we are facing instead of pointlessly glorifying individuals. It sets the example that being selfish and vain is more important but is definitely less meaningful especially now. Thank you.

By: Dockwalliper

Dockwalliper — Wed, 07 Mar 2012 01:14:57 +0000

The vending machines where I work give you a pocket full of quarters if you use a $5 bill. I would much rather get the 3 or 4 dollar coins. Dollar coins are easier to use in the machines too. Don’t have to make sure they are flat and not riped or worn. Its time.

By: Munzen

Munzen — Mon, 06 Feb 2012 03:18:49 +0000

ddougle: “Id [sic[ much rather have a couple dozen [sic] dollar bills in my billfold, than the same number of coins in my pocket.”
I can’t remember the last time I had a couple of dozen $1 bills all at once. And the countries that eliminated their $1 bill or equivalent also use $2 coins or bills so you rarely get huge numbers of coins in change. And if weight is the issue, nobody seems bothered by carrying piles of quarters to feed vending machines, parking meters, etc., yet 4 quarters weigh almost 23 grams, three times as much as a $1 coin.

I’ve visited the UK, the EU, Canada, and Australia – high-value coins are successful there. Those 750 million-plus people can use them without ending civilization as we know it. How come we Americans are so utterly incapable of adapting?

By: JOE

JOE — Sat, 10 Dec 2011 10:32:40 +0000

The Government should make the new Columbus coins 2 dollar denomination coins it would save nearly twice as much money.

By: ddougle

ddougle — Mon, 05 Dec 2011 20:10:05 +0000

Nonsense. Ive been to countries that went paperless small money. It sucks. You wind up with either large bills, or pockets full of change from those bills. You might also want to think about thousands of people who actually mail a buck or two along with their mail, for small items. Ham radio operators some 800,000 of them in the US alone) do this when sending confirmation cards to other hams. This pays for the postage back from the foreign ham – they are called “green stamps”. One can purchase an International Reply Coupon to do this, but many countries post offices do not accept these coupons. Id much rather have a couple dozen dollar bills in my billfold, than the same number of coins in my pocket.

By: John Riechers

John Riechers — Tue, 11 Oct 2011 22:46:05 +0000

I agree – getting tired of the weight argument – how often do you have a bunch of 1 dollar bills on you? the cost savings are well documented – it is time to implement this idea – it is a way for every American to help with our debt crisis – just my two cents!

By: Rebecca

Rebecca — Mon, 10 Oct 2011 21:21:28 +0000

In reality most of us carry little to no money in our purses or wallets – we carry plastic. So when I hear the argument that we’ll have heavy pockets it makes me laugh. Will our pockets really be heavier? But let’s say you do carry change. Consider that most vending machines start at $1 per purchase, and if you’re carrying a $1 coin as opposed to a bunch of quarters, nickles and dimes you pockets would actually be lighter! Overall, I think the government needs to make a decision and finish what they started. In order to make the program successful, it would require a forced withdrawal of the $1 bill or it will fail like it has two other times.

By: T. Joseph

T. Joseph — Mon, 10 Oct 2011 13:26:09 +0000

Finally, sombody in Washington get’s it! Tell your representative…this is projected to save 550 million plus a year and if they cannot get this straightforward, “small stuff in there eyes”, handled they will never get bigger items handled! Thank you Paul.