Eventually we will have a circulating Dollar coin....

IndianHeadMan

Because at some point it will cost too much to make the paper money and coins will be cheaper.

HuliganRS

Untill the paper $1 is gone there's no way in H E L L anything above $25 will circulate...


Just look at Canada... $2 coin and they use 'em

Rusty.

nwcs

Inflation will also help. But I still say the govt. would do better to repopularize the half dollar. Good middle ground.

presleyh

A $3.00 coin or a $5.00 coin would circulate. The problem with a one dollar coin is that it wont buy much of anything. Its like the cent. Why carry 7 cents in your pocket as lincoln cents? Same with dollar coins. I rarely use paper dollars. Just pull out a five or ten and let them make change. Give the change to the wife for lunch money and start the day over tomorrow.

clw54

Well, I try. I ask for metal dollars in change and spend them when I have them. Why? I just like coins.

hookedoncoins

I was helping out at a consession stand a few days ago and before I went in, I brought a roll of circulated kennedys, and a roll of $1 coins and I traded them in for the money that was in the cash box and gave them out as change. I noticed that I got quite a few back when return customers would buy again, however there were some who found them interesting (the kennedys mostly) and there were some that just looked confused.

-Jarrett Roberts

littlewicher

Out with the paper and in with the metal!!!

keets

i'm of the opinion that the only way our uncle will ever get a widely used coin above the quarter is with a coin which contains some form of precious metal, silver being the obvious choice. the only problem being that without a fixed price on the open market things could get crazy really quick.

the reason money used to work and circulate was because it contained value that all the users understood and was actually, at least in principle, backed up by something. the only thing the "average joe" knows today is what's stamped on the coin or printed on the paper.

al h.

robertpr

Knowing the folks in our government, they will compromise, and we will wind up with FRN's printed on sheet metal!

coppercoins

I think Huligan RS is completely correct. $1 coins will NOT successfully circulate in the US until the BEP quits making the $1 notes. I, for one, am completely for the $1 coin, I think it's a crying shame we can't talk the public into accepting them. The government finally did the right thing and made them gold colored and smooth edged. Only someone REALLY not paying attention could confuse those for a quarter...so the old Carter quarter fluke is out, and the excuse is out too. Wake up America! Start using the well-designed new coins the Mint is making!

relayer

IHM-

Because at some point it will cost too much to make the paper money and coins will be cheaper.

It already is more cost effective to use $1 coins instead of bills. $1 bills are heavily circulated and have a short life span. That is why the Mint wants the $1 coin in circulation, even though the public doesn't like it. Halves don't even circulate much.

The gold color was a good idea, but it's going to take the mint to stop printing dollars before the $1 coin will be accepted by the public.

I think issuing a $2 coin would be a good idea. It would eliminate the public mind set that a coin is just change. Once a $2 coin was accepted the $1 coin could replace the $1 bill.

construct

Carrying a bunch of dollar coins around can get a bit heavy. So I carry $2 bills to decrease the number of dollar coins I need. It really isn't that hard.

JD

I said it before...the most economical mix of currency that the public would actually use is: coins 1, 5, 10, 50, $1, $5, notes: $10, $50, & $100. With the exception of the $5 coin they all need smaller than a quarter. The $5 should be slightly larger than a quarter but much smaller than the half. There's no need for a $2 coin or a $20 note. There also no need for a quarter if the half is small enough to carry around. The 1 cent coin is needed until the public agrees to round everything up to the nearest nickel...corporations would never agree to rounding down to the nearest nickel especially if they are volume driven, price sensitive and have small margins over cost of goods sold.

fcloud

The dollar coin will only work when the BEP stops printing $1 bill, and the $1 bills in circulation are gone. Our government will never figure it out though. Like Robert said, "FRN's printed on sheet metal!"

Tony

Tade

I disagree with JD - I think his sequence of coins and paper money is fine, but I would like to see the dollar the size of the Ike dollars. It would feel like a dollar. With the exception of the dime, todays coins are larger as they increase in value, as the general public will accept that a bigger coin is worth more.

I don't ever trust sending my wife out with dollar coins, because I know what will (and has) happen. This would not happen with larger coins.

solid

Do away with the half-dollar and $1 note. Add a $2 coin that's just a bit larger then the Sac
and make it bi-metallic. That'll work, and save the government millions every year.

Steve27

"Because at some point it will cost too much to make the paper money and coins will be cheaper." Nope, that will never be the reason. It will happen when someone is smart enough to eliminate the dollar bill (politics not cost).

flaminio

<< <i>Because at some point it will cost too much to make the paper money and coins will be cheaper. >>



This has already come to pass. Over the life of the monetary instrument, dollar coins are cheaper than dollar bills. And yet the dollar coin does not circulate.

The only way we will have a circulating dollar coin is if the paper dollar is eliminated.

-Bob

Loki

Face it. The continuous technological advances of global modern society will render coinage obsolete by the end of this century. We will all be exchanging only bits and bytes with electronic wallets and the like. The more filled memory in your wallet the "richer" you are. You will carry along your complete net worth in your head via account/password. Pockets and pocketbooks will be meaningless. Coinage and paper money will be a thing of the past except for developing countries. We will all be assimilated by technology. There is no escape! Bwahahahaha!

shirohniichan

$1 and $2 coins circulate in Canada, so it shouldn't be a problem.

Copy Canada and circulate coins-- can the crinkled and crispy currency.

JD

Shiro - yes, but they are not as popular or as widely used as the $1, and they're an additional and unnecessary cost to manufacture and maintain.

Tade - a large coin, especially a $1 coin, would never be circulated by the public. They're just too big and heavy, rather unpractical.

Loki - in the US maybe, but remember, US bills are widely circulated and used as the primary or secondary currency in many other countries. In fact, I think the US $100 bills circulates in greater volume outside the US than within. Also, many of these are thirdworld countries which lack the technology infrastructure to fully automate their currency. I'm not a political expert but I also think it's to the US govt's advantage to float as much of it's currency as possible worldwide. I think it helps promote US interests and stability.

coppercoins

Loki says - <<Face it. The continuous technological advances of global modern society will render coinage obsolete by the end of this century. >>

Coinage might be obsolete by the end of this century - and it's likely that cars will be too...so what do we do? Stop making them? Stop redesigning them and advancing the technology because it will be pointless in 100 years?