Do you remember the disaster of the Susan B. Anthony dollar?
2007-02-18 13:47:20 · 7 answers · asked by runner1 6 in Business & Finance ➔ Other - Business & Finance
The U.S. Mint IS hoping the new coins will be popular. Even though it costs more to mint a coin, they last longer. The average coin lasts something like 10-15 years in circulation, while a one dollar bill only lasts 18 months.
Personally, I am curious to see the coins, but since bills are so much lighter, I'll use them more.
2007-02-18 13:58:15 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Its another way for Gov to make pure cash money...
Coins will be hoarded. Gov makes a pile of dough off them.
No the coins will be a flop like all others coins that tried to replace the great silver dollars. No junkie coins can.
Silver dollars were large and worth using.
These coins small-ugly and most people make mistakes giving change.
They won't replace the washington dollar bill.
Another goofy silly idea from washington...
2007-02-18 22:14:10 · answer #2 · answered by cork 7 · 0⤊ 0⤋
The government has no intent for the new dollar coin to replace the dollar bill. In the first place, coinage is many, many times more costly to mint than paper currency, and in the second place, the American public does not have any desire to have their pockets full of jangling base-metal coins. The new presidential dollars will provide a market mainly to collectors.
2007-02-18 21:53:43 · answer #3 · answered by Anonymous · 2⤊ 1⤋
It's not supposed to replace the dollar bill. It's 'cashing in' on the success of the recently released State quarters, and it is hoped that the public will collect the coins with the same interest.
2007-02-18 21:51:37 · answer #4 · answered by Piggiepants 7 · 1⤊ 1⤋
Canada has them for a few years. The dollar coin is a loonie the two dollar coins are toonies The vending machine companies love them. Takes awhile to get used to...
2007-02-22 20:35:39 · answer #5 · answered by Grand pa 7 · 0⤊ 0⤋
no i do not like dollar coins, it will not replace dollar bills. The government has been trying since the late 1700s to use dollar coins and so far it has always failed.
2007-02-18 21:58:08 · answer #6 · answered by S A 3 · 0⤊ 0⤋
We've had $1 and $2 coins for quite some time here in Canada. They are a nuisance and bulky in a coin purse!
2007-02-18 21:57:20 · answer #7 · answered by nuttin'fancy 5 · 0⤊ 0⤋