Why does the gov want us to use dollar coins?

Answer 1

Dollar bills don't last that long - coins last a lot longer and will cost the government less in the long run to make them.

Answer 2

Coins last for 20-40 years and paper money is trash in 15 months of normal use. The paper and printing are expensive.

Answer 3

With the lack of success of past coin dollars, it doesnt make sense and is just a waste of taxpayer money. This time maybe they will make it bigger than a quarter and people will possibly use them even though I rarely see the gold or susan b anthony ones.

Answer 4

Well, they are not going to de-circulate the paper money so I think probably it's longer lasting and will not tare. I know in some cases it's a pain in the hinny, but a lot of people will like to use them. When I was a kid, every time my uncle came over he'd give me a silver dollar and I would get so excited.

Answer 5

I think it's because we rely on checks, credit cards and paper money....the use of the new dollar may bring the metals prices up. Really I dont know. Im just theorizing...if thats a word.

Answer 6

who cares what the goverment is doing, its not like we can do anything about it

as if there is any differnce from a coin and a dollar, they still have the same amount, its not that big of an inconvinence

Answer 7

I like the dollar coins wish they were more widely circulated. I think the advantage is that they are more durable than paper money.

Answer 8

Because they can save millions of dollars a year in printing costs that could maybe go to schools or old age security.

Answer 9

They are considering doing it both to save money and to follow Canada's example, of course.

Answer 10

Because coins are not easily counterfeited.