Why does a dollar coin face resistance?

Question

The Susan B. Anthony and the Sacajawea have been flops, basically. Now a new coin featuring presidents is about to be realeased. Is it the concept of a dollar coin, the design or (my personal choice) the size of the new coins? If it were significantly larger than the quarter, would it be accepted?

Answer 1

well lots of people think that ALL cash money is on its way out because of plastic..LOL ain't never gonna happen jack, there are private debts and deals that plastic does not lend itself well to at all. Now I like cash, I like to deal in cash. BUT i for one hate change, i hate carrying it, its heavy , it makes noise, it is not organizable, coins are kinetic and slippery. I like paper its quiet it folds nicely into a billfold or a pocket, I also have confused solid dollar coins for quarters and paid for things with dollars I thought were quarters and this is not good .

Answer 2

Because coins are more durable and last longer than paper money, I think the 100's of millions of dollars 'wasted' every year on printing the $1 bill could go toward other more useful things... like health care.

I think people will never switch from the bill to the coin if there's both options because we're creatures of habit. I think the $1 bill should stop being printed to ensure the longevity of the $1 coin. I'd like to see the $2 and $5 become coins too, but that's another question for another day. Sure, strippers will get either annoyed or a raise, but who else would really get affected by it?

When people were polled about adding the dollar coin again, there was a general idea of "why bother" about it, but when polled about dropping the penny (because it's now worth more melted down than, well, a penny!) the same people were like, "We need coins! We need the penny so things don't get rounded and cause inflation!"

Let's think about the good of the general population here, put aside our petty excuses and differences, and re-direct this money we're throwing out on printing the most expensive bill we've got! (It costs the same to print a $1 bill as a $10,000 bill.)

Oh, and coins are designed even for blind people to not accidentally use the wrong denomination, so I'm not worried about accidentally using a larger gold-colored, flat-edged coin for a larger silver-colored, scored-edged coin. How many people confuse a dime with a penny? They have the same differences as the quarter-dollar does.

Answer 3

Have you ever been a clerk / cashier ?? These coins plss the average cashier off due to there not being enough slots in the cash register.

Business owners lose money due to clerks accidentally giving these coins out as wrong change. They are too close in size to the quarter which makes workers in a hurry to make errors.

Another reason.... No one likes the weight of a handful of these coins in their pocket. Paper is just soooooooo simple to carry and less thinking involved.

The $2 bill went through the same resistance and still today some people have no clue that IS even in circulation.... there are only enough slots in a cash drawer for the norm = $1, $5, $10, $20. Even the $50's & $100's have to go under the drawer due to no room and it bugs workers to have to dig for money as change when the lines are full of consumers in a hurry.

These new Presidential dollars is merely a way for the government to make more money off the collectors for they know we will grab them and hoard them. They make millions if not billions off making coins that the collectors will go after, paying way more than their worth.

The average consumer will simply look at them, spend them & soon grow tired of them like all the other dollar coins.

Happy Sunday !!

: )

Answer 4

Some of the above answerers are absolutely correct -- if you use cash for purchases, dollar bills tend to rapidly accumulate in your wallet. I seriously dislike carrying around change in my pocket -- it clinks and jangles, feels heavy, and causes a big annoying lump in the pocket. Now imagine how much I'd hate carrying around 8 or 10 huge noisy coins all the time. It's pretty obviously an annoyance.

The question isn't why do Americans not like a dollar coin, the question is why do people in other countries tolerate analogous coins? When I go to the UK I always quickly accumulate a big pile of metal plates in my pants and it's EXTREMELY annoying.

Answer 5

I think people prefer dollar bills to dollar coins. It's just that the American public has gotten used to dollar bills that a dollar coin (especially one the size of a quarter) is unfamiliar. I have gotten the Sacajawea coins and almost used them like quarters. If the government is insistant on issuing dollar coins I think they should be bigger than a quarter.

Answer 6

The dollar coin is widely accepted in many nations.

The United States included, although it has fallen out of favor in recent history, since about 1933 when money began being backed by the government as opposed to having an intrinsic value of it's own.

Answer 7

I don't want any coin in my pocket that I cannot easily recognize.
If you make it the size of a quarter, it will confuse me. So yes, if it were larger it would be more acceptable.

Answer 8

I often have 20 $1 bills in my wallet....who the hell wants to carry around $20 worth of heavy coins???? Buy stock in suspenders!!!!! LOL

Answer 9

i just think us americans hate when things change. we are the only country who couldnt change over to to the metric system. we are just lazy pigs who are set in our ways lol.