Do you think the dollar bill will ever be implemented to a dollar coin & not a become a collector's coin?

Answer 1

Yes, if the vending machine industry sets up for it. Now that most drinks are over $1, the coin slot is cheaper and easier than trying to get the wrinkles out of the d****** paper bills!

Answer 2

Well, considering that the recent trend is more toward smart cards and not to coins, the 1 Dollar coins might not be implemented in mass, at least not for the long term.



However, due the current financial situation, it might make more sense if the USA printed and/or minted money in the following way:

The 1 US Dollar denomination replacing the 1 US Cent denomination.

The 100 US Dollar denomination replacing the 1 US Dollar denomination.

So imagine handing out a 100 US Dollars bill like it was a 1 US Dollar bill, and there's no cents involved since they are no longer existed.

But considering that quarter (25 US Cents) coins are still in regular use, it might not be best to implement it, at least not right now.

Currency revaluation on the other hand might be another alternative.

Answer 3

No, for one thing, the coin costs too much to make compared to printing a dollar bill; it is heavy and difficult to carry (creating holes in the pocket, easily dropped and lost, etc.)
and, finally, you can not buy as much with a dollar now as you could with a nickel when I was a kid.

Answer 4

It probably will , because it lasts a lot longer than paper bills, so is cheaper to produce.
Some countries, such as Canada went to the dollar coin, years ago.

Answer 5

production cost. if it cost less to produce a coin than the amount of the bill then the dollar will be a coin exclusively. actually, the dollar coin is widely available and acceptable form of currency, it is just not widely used.

Answer 6

yes but probably only if they trash the $1 bill. but there are so many benifits to coins. I think we should bring back the $2 bill also (they still print them). So that way people can't complain about a bunch of coins in their pockets.

Answer 7

I highly doubt it will in our lifetime. We in the US just don't like one dollar coins mixing in with our spare change.
They are fun when they release the occasional one dollar coin for a breif period, but I dont think they will ever catch on.

Answer 8

It should be. Most other countries have $1 and $2 coins. They fit much better in vending machines.

Answer 9

Well living here in Canada we have loonies and toonies that were once in bill forms an now they no longer exist so I am sure it will become one day, metal last a lot longer then paper :O}

Answer 10

yes, as the buying power of the dollar diminishes, and if the mint stops printing the bill