I heard we are getting rid of dollars and having to use coins instead. I do not think no fair of this!
2007-02-13 10:33:57 · 22 answers · asked by Anonymous in Business & Finance ➔ Investing
We will have both dollar bills and dollar coins.
They are introducing new $1 coins with each president on them (kind of like the state quarter idea)
There is no plan to get rid of the paper bills though.
2007-02-13 10:36:46 · answer #1 · answered by Greenio 2 · 2⤊ 1⤋
Due to the lightweight nature of a "note" it will be hard for the government to separate the public from them. This Thursday marks the beginning of the third go buy the US Government to get the public to use a "Dollar Coin" I think that these coins will be collectible, but not accepted just as all the other coin projects have failed.
2007-02-13 10:38:35 · answer #2 · answered by topdawgco97 4 · 2⤊ 1⤋
It's a great idea that has been tried several times, starting with the Susan B. Anthony. If the people of the US would realize how many millions are spent each year just to make $1 throw-away bills, they would give greater consideration to using $1 coins. I certainly hope it does catch on. At least they can be cleaned.
Go to the US Mint to see what's happening.
http://www.usmint.gov/
Check out the "pressroom."
2007-02-13 10:58:04 · answer #3 · answered by Bigdog 5 · 1⤊ 0⤋
Yes. (Since 1999)
Bills last only 18 months and the banks have to separate the very used bills from the rest and ship them to the Federal Reserve and the Federal Reserve has to print new bills and ship them back to the banks and you start over.
All the process costs a lot of money to the United States of America.
If you make a coin it can last for centuries.
Besides you can use Visa, MasterCard, American Express or Discover Debit Cards almost anywhere.
You don't really need to carry coins anymore.
2007-02-14 17:12:00 · answer #4 · answered by Anonymous · 0⤊ 1⤋
They have been ramming dollar coins down our throats for years, but they never take. We have always had "silver" dollars, but there was also the ill-fated Susan B Anthony and Saqajawea "gold" dollars. Coins last longer in circulation and cost less to produce than paper money. Countries like Japan and China use mostly coin based currency and save their countries billions in production costs, because they rarely have to take coins out of circulation like you do with paper money. It's also more difficult to counterfeit.
2007-02-13 10:38:52 · answer #5 · answered by CNuxoll 4 · 0⤊ 1⤋
They are starting to produce dollar coins, but dollar bills will still be here. The coins will have the presidents on them and four will be realeased each year.
2007-02-13 10:37:12 · answer #6 · answered by Anonymous · 2⤊ 0⤋
I heard that on the news today. They said they were thinking about getting rid of paper one dollar bills and replacing them wit coins.
2007-02-13 10:37:13 · answer #7 · answered by ? 2 · 0⤊ 2⤋
I heard the same thing. Dollar coins work every
where else but in the good old USA.
2007-02-13 10:44:44 · answer #8 · answered by Anonymous · 0⤊ 1⤋
It would make a lot of sense to replace paper one-dollar bills with coins, but attempts so far haven't been very successful.
2007-02-13 11:08:44 · answer #9 · answered by Judy 7 · 0⤊ 1⤋
Canada has had dollar coins for years.
It's no big deal.
There is no government conspiracy.
Easier taking the buss with a couple of coins instead of five pounds of quarters.
2007-02-13 10:36:39 · answer #10 · answered by Anonymous · 0⤊ 2⤋