What If....the US Stoppd Circulating $1 Coins

Zoins

I was recently at my bank and I asked the teller if he had any $1 coins. He had 3 Sacs and 2 SBAs in his tray. He told me that the vast majority of bank customers do not want the $1 coins and refuse to take them. He only gives the coins as change to people who specifically request them. People have also mentioned that the USPS is replacing stamp machines that return $1 coins as change with machines that take credit/debit cards.

So I got thinking, who would notice if the US stopped circulating $1 coins? What areas of commerce would be impacted? Or would it be like a tree falling in a forest with no one to hear it?

DickyBetz

The only reason that they still make the stupid things is because they make like ninety cents every time one is minted. Its all about the money.

jamakin

I use sacs all the time for parking meters, vending machines and subway fares. I think if they catch on at all it will be in urban areas.

flaminio

Look everybody, Zoins made a spoove thread!

options26

I don't believe they should have both. People are so used to bills that the coin will never take off. Either reduce the supply of bills, so the public is forced to use the coins, gets used to them and eventually phase out the bills or eliminate the coins. I think they should run the mint a little more like a business, if they are making a profit on something stop using the one that is not profitable. There will be an outcry, but 10 years from now nobody will even think twice about it. Look at the countries that have changed.

Burks

They got rid of $1 coins, a majority of the population wouldn't give a damn.

BECOKA

Around here it is really difficult to find $1 coins. My bank is the same they do not take orders and only give the ones they have to people who request them.

Whenever I can I get a few rolls to spend them. In many cases I see the tellers put them aside and when ask they said they save them because they are rare.

Cladiator

Metal money and paper money is obsolete. The future is in plastic and microchips.

carl

There are several banks near me and they all agree that if I want some of those little baby dollars, they will give me as many as I want. No one else wants them. To many people spend them for quarters. That is the only good thing about them. I have found numerous ones in my change mistakenly for a quarter.

19Lyds

Few people would miss the $1 coins if they were gotten rid of and the reality of the matter is that people don't use them because

<< <i>they don't have to! >>



Get rid of that expensive dollar bill and they would be forced to use the coins. They'd grumble at first but within a couple of years wouldn't really care.........

Mustang5L5

<< <i>Metal money and paper money is obsolete. The future is in plastic and microchips. >>




I agree


I'm waiting for the day we all have chips implanted in our hands that store our credit and debit information on them. When i go to the store and buy someing, i put my hand on a reader and the amount is deducted.

Scioto

<< <i> I'm waiting for the day we all have chips implanted in our hands that store our credit and debit information on them. When i go to the store and buy someing, i put my hand on a reader and the amount is deducted. >>



...and if you're over-drawn the machine takes off a finger.