Dose any one know why the brain surgeons in Washington keep coming out with a dollar coin that is almost the same size of a quarter, Instead of one the size of the old dollar coin or fifty cent piece?
The previous two tries failed.
2006-11-20 02:18:18 · 3 answers · asked by DAVID R 1 in Business & Finance ➔ Other - Business & Finance
Canada has a dollar coin that is roughly the same size as ours, and it is also copper colored. It is frequently found in circulation along with the ringed bi-metal $2 coin. Why is it a success? Quite simply, Canada stopped printing $1 (and $2) banknotes. The US hasn't and won't take that step due to popular demand for $1 banknotes.
It isn't the size or the color that made the $1 coin a failure. It is the preference for paper $1 bills.
By the way, the new $1 coin series appears to be aimed at the collector market instaed of circulation.
Also, there is one place that the $1 coin has been an unqualified success: Ecuador. In 2001, Ecuador abandoned their own iflation-racked currecy in favor of the US dollar. We exported 200 million of the Sacajawea $1 coins there, and they are very readily accepted. In fact, many Ecuadoreans think that the portrait is of an Ecuadorean woman and not Sacajawea.
2006-11-20 12:02:43 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
The "brain surgeons" did not make the new dollar coin the same size as the quarter. In addition, the dollar coins will be golden colored not silver colored like the quarter.
It's really not too hard to tell the difference.
2006-11-20 02:29:51 · answer #2 · answered by grognd 2 · 0⤊ 0⤋
2 reasons
1.polls indicated bulkyness was a reason why no one carried the dollar coin.
2. less cost for metals used.
2006-11-20 02:26:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Must be some of them own vending machines and have it set to accept them as quarters
2006-11-20 02:26:30 · answer #4 · answered by Jeep Driver 5 · 0⤊ 0⤋