2007-02-15 06:36:50 · 11 answers · asked by Anonymous in News & Events ➔ Current Events
http://news.yahoo.com/s/ap/20070215/ap_on_bi_ge/dollar_debut
2007-02-15 06:37:20 · update #1
I like the 2nd grader's comment. The 1st president is already on the quarter!
2007-02-15 06:38:02 · update #2
It is mandated in the Constitution somewhere that the standard currency (that being the dollar) must be coined.
I defer to the wisdom of someone to give the details.
But that is the reason that they keep doing it.
The mint and the treasury don't really want them circulated probably because of the additional cost to produce them so they intentionally make them as undesirable as possible.
Same size as a quarter, etc
Most of them just stay at the bank because nobody wants them.
.
2007-02-15 06:44:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
They already have the Sacagewea dollar and the Susan B Anthony dollar *coins*. Coins last longer in circulation, and are easier for a lot of people to use. They don't tear, or get shredded the way dollar *blls* do. They are sturdy and can stand more abuse than dollar *bills* can.
The first president is on the quarter and on the one dollar bill. But he's not the only one to be featured on two pieces of currency - Abraham Lincoln (the sixteenth President) is featured on the penny and on the five dollar bill.
2007-02-15 14:46:21 · answer #2 · answered by Richard H 7 · 0⤊ 0⤋
There is already a collectors edition one-dollar coin.
The new coin is intended for large use currency because the paper bill depletes too rapidly, thus costing too much to print.
Canada has deleted it's one-dollar and two-dollar bills for some time now. They are now considering doing the same with the 5.
In Europe, there are one, two and five Euro coins since 1999 and everything is great. It is a wise choice.
The real value of money is what you can buy with it, not whose face is on the coin/bill.
2007-02-15 14:52:06 · answer #3 · answered by pascalarcad 2 · 1⤊ 0⤋
The U.S. has ALWAYS had a dollar coin. They are just making a new one to give coin collectors something to collect and it is cheaper so why not? It will never replace the dollar bill but it's nice to have a change sometimes.
2007-02-15 14:49:04 · answer #4 · answered by minicoop_jen 3 · 0⤊ 0⤋
I would like to know where cheap enters economics. In a
wonderful world of the creator, all that there is for us to share,
I really believe that gold is a symbol of the wealthiest nations,
artists, and talents. Is it not fare to reconsider traditions with
some recent beneficial point of interests. Everyone I know likes
the television for two points, updates, and travel vendors. The
stories on cultures, arts, locations with POSITIVE vibes.
http://www.adairmag.com/games
2007-02-15 14:40:42 · answer #5 · answered by mtvtoni 6 · 0⤊ 1⤋
The coins are cheaper to produce and last longer in circulation.
2007-02-15 14:40:32 · answer #6 · answered by Greenio 2 · 0⤊ 0⤋
haven't we had a dollar coin out for a while now? the sacajawea (sp?) coin has been out for a few years already.
2007-02-15 14:41:47 · answer #7 · answered by Anonymous · 0⤊ 0⤋
I don't know....It didn't work the first three times!
2007-02-15 14:55:04 · answer #8 · answered by panthrchic 4 · 0⤊ 0⤋
it's an efford to use less paper.
2007-02-15 21:24:45 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I think it is because they think it is more of any honor to have a coin. IDK i'm just saying
2007-02-15 14:49:21 · answer #10 · answered by Anonymous · 0⤊ 0⤋