Why does the US mint keep trying to introduce dollar coins?

Question

Every time they come out they're a new size with a new face. And every time they flop in terms of popularity. Will they ever learn?

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Answer 1

Liberal socialists are trying to turn America into France. In France they have dollar coins and the Frenchies just love them, so let's shove them down the throats of Americans!!!

That's how the socialists in the treasury think. This coin is destined for FAILURE.

Answer 2

There are many things you pay for with cash that are under $5. As most people store bills in a wallet and coins in their pocket, this means that you can put your wallet away without waiting for bills if paying with a fiver, or simply grab a handful of coins out to pay without ever reaching for your wallet.

I've moved from England, where we stopped using £1 notes a long time ago in favour of coins. I really don't like the notes and find the coins much more convenient. The monetary denomination in the US really doesn't support the use of a paper $1 any more.

Answer 3

In Britain they got rid of pound notes and switched to pound coins years ago, purely because notes wear out more quickly than coins - especially when they're small denominations that get used often. I'm interested to hear that people don't like dollar coins, because pound coins are pretty popular - they're quite distinct in terms of their size, so no problems for blind people; and they're quite nice to look at (gold coloured with various different designs representing the different British countires). More recently they've introduced a £2 coin which is even prettier (part gold, part silver; the basic design represents technology but they also do lots of special designs commemorating various things - right now in my wallet I've got one eith a DNA double helix on it that says 'deoxyribonucleic acid' round the edge).

Answer 4

It's a business off of the coin collectors. Each time they make a commemorative coin that a coin collector keeps and does not spend, the economy strengthens. That means, for example, for less than the price of 25 cents, I have improved the value of the economy by 25 cents each time a collector removes a commemorative quarter from the economy.

This trend gets even better: for $19.95, you can buy a GOLD quarter commemorating 9/11.
You get the idea.

Answer 5

Besides the points mentioned above, I feel that the new Presidential Dollar Coin Program coins honoring ex-US presidents are very collectable and educational. Perhaps the one mistake this program is making is not tying it to the removal of the dollar note.

Answer 6

Dollar coins are far less expensive than bills because they hold up in circulation for decades rather than months. That's what motivates them (You do know that you, the taxpayer, foot that bill?). The US seems to be one of the few countries that still uses paper for low value denominations.

Answer 7

I do not think they will ever take hold. The blind can not differentiate between a quarter and these. Many people make mistakes with them.
I think they are for a collector of coins and this is about it.

Answer 8

coins last a lot longer than paper other than that they appeal more to collectors so they never get spent and are usually sold for more than they are worth somebodys making money on them

Answer 9

i guess they just want us to use dollar coins

Answer 10

coins are harder to counterfeit and easier to make