The U.S. is introducing another $1 coin. The most recent $1 coin, the Sacajawea dollar failed pretty badly. Polls say that Americans prefer to keep the dollar bill. Having been to Europe, where 1 and 2 Euro coins are the norm, I have to say that I think I would prefer the coin. And it would save money not to have to print so many $1 bills. What do you think?
2007-02-12 04:47:01 · 10 answers · asked by Neerdowellian 6 in News & Events ➔ Current Events
I have spent a bit of time in Europe as well. And frankly there is nothing more annoying than trying to work with all the coins.
There is also the added dimension of increased costs. Right now Americans think of change as having lower value. Once we use a dollar coin regularly, the quicker we will mentally devalue the dollar and the sooner vendors will react and raise vending machine prices, etc., in order to get that dollar coin that you don't prize as highly as you did when it was in bill form.
I think this subtle shift would result in higher prices for us all ultimately.
In 1991-1995 I worked in the coin changing industry and we lobbied hard against the dollar coin then and we were joined by an unlikely ally....strippers....dollar coins are just not stripper friendly.
And I mean really...do we need another reason to drop the coin?
2007-02-12 05:22:22 · answer #1 · answered by KERMIT M 6 · 0⤊ 0⤋
No, in Canada, we have both the one dollar and two dollar coins, and to put it bluntly, it is a pain in the butt to have to house them in change purses. Pretty soon, we'll be reverting to the coinbags they carried on their belts in the Middle Ages. And what of all the metal used to melt down for coins? That's expensive. I secretly long for the days of the paper bills, and somehow think this all is a bit too convenient when one considers the rising cost of bus fare and vending machine products.
2007-02-12 05:02:25 · answer #2 · answered by Anonymous · 1⤊ 0⤋
We have been doing this off and on for at least a century, time and again it has failed....# 1 reason has been the weight. I have had at least $20.00 or more $1.00 bills in my wallet at one time and put that in a coin...bummer. Like a lot of the others that have come before, I'll save a couple, but that's about it.
2007-02-12 04:58:09 · answer #3 · answered by curious115 7 · 1⤊ 0⤋
In 1985, when the Susan B. Anthony dollar was rejected by the American public, the Treasury sent millions of them to Europe for use by military personnel. You try buying something for $2.00 and getting 18 of those things in change. The only thing converting to coins will accomplish it to renew demand for suspenders.
2016-05-24 01:09:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
My pants will fall down if I carry 50 dollar coins!
2007-02-12 05:30:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
People prefer paper, and coins aren't cheap to stamp, either. It actually costs more than $.01 to make a penny.
2007-02-12 04:56:22 · answer #6 · answered by cangaroo_tnt 2 · 1⤊ 0⤋
I rather stick with the bills. A lot easier to carry.
2007-02-12 04:53:15 · answer #7 · answered by Pauly W 7 · 1⤊ 0⤋
we love the green paper
2007-02-12 04:54:33 · answer #8 · answered by Anonymous · 1⤊ 0⤋
no, change is a nusiance to carry around. I don't think it will work.
2007-02-12 17:20:34 · answer #9 · answered by runner09 1 · 0⤊ 0⤋
why not.
2007-02-12 14:25:14 · answer #10 · answered by Anonymous · 0⤊ 0⤋