Consumers have shown time and time again that they favor paper bills over $1 coins. Most adults have not seen, much less held, one of the 1.3 billion $1 coins that have been minted over the years. It begs the questions why the government keeps producing and marketing the coins.
Supporters of coin usage argue that it’s more economical to use coins. It costs about 16 cents to make a $1 coin, and that coin lasts 30 years. It costs about seven cents to produce a $1 bill, but that bill has a life span of about 21 months.
Will you use the new Lincoln $1 coin?

Chip Somodevilla / Getty Images
Abraham Lincoln historic re-enactor Dan Storck talks with students from the William E. Doar Jr. Public Charter School for the Performing Arts at President Lincoln's Cottage at the Soldiers' Home, Nov. 19, 2010 in Washington, DC. They were attending an event to introduce the new presidential one-dollar coin that bears the image of Lincoln. The U.S. Mint introduced the coin on the 147th anniversary of Lincoln's Gettysburg Address.

Chip Somodevilla / Getty Images
Twenty-five-dollar rolls of the new presidential one-dollar coin are displayed.

Chip Somodevilla / Getty Images
Don Everhart, left, who designed and sculpted the new presidential one-dollar coin, exchanges paper money for 50 of the new coins, Nov. 19, 2010.. Other than a few trial strikes, Everhart had not yet held the new coins before exchange for the two rolls.


I use these dollar coins all over the place. I don't find them inconvenient at all. Honest Abe's face on them just adds to their coolness.
vending machine vendors use them as i work for a vending company, you can get them at the bank, in our vending machines if you use a $5 and hit the coin return you get them back as change.
If you drive a car, you HAVE to have dollar COINS on the Parkway or Turnpike! ! Unless, of course, you have E Z Pass! !
No doubt a few will find a place in my collection but carrying them around is too impractical for me and it seems an annoyance for cashiers. Yws, it is more cost effective to produce and use them than the paper dollar but the American people's preference towards the paper dollar means they don't mind the extra cost. I wish somehow the $2 bill would become popular because if it did, it could reduce the demand for the dollar by more than half.
Davey-2692989 - Our post office stamp machine would give dollar coins back as change. My kids always thought it was neat to get one back as change. But, they took the machine out last year and haven't replaced it. :-(
Wet Willy - You can always ask for $2 bills at banks and use them.
Canada did it the right way! They made the one and two dollar coins at the same time several years ago. They call them, loonies, and toonies! The mistake that the US Mint did was the making of the $1 Susan B. Anthony. It's silver and a little larger than the quarter. So you know what happened there. It sounds like the US Mint is in the business of making money. (no pun intended) Do the math! 16cents- 30 plus years or 7cents-21 months. We're paying for it anyway!
Live to Ride
I've been to Canada an used the coins. Seems tobe just fine to me. I would have no problems with it here. I think the $2 coin at the same time is a great idea. They do seem to work when you have them.
Is "In God We Trust" on this coin? If not boycott it!!
I find it hard to believe that anyone here that favors coins over bills has ever done much traveling. What a pain it would be.
Let's say we both start out on a trip and you have $500 and I have $500. You are lugging around your body weight in coins and I have 5 - hundred dollar bills. Hmmmmmm
I prefer to use the dollar coin over the dollar bill. To me they should get rid of the useless penny and dollar bill and use the dollar coin instead.
As "live to ride" said Canada did it all at once, plus they also ceased printing the paper ones at the same time!
Traveling should not be a problem unless U hoard $1 coins, U should not have more than 4 in your pocket, any more should be a $5 bill ........................
Silly analogy, as few would lug around 500 one dollar bills, either. In fact, few people would risk carrying that much cash, more convenient and safer to carry credit/debit cards, and maybe just enough cash for minor purchases.
But just out of curiosity, I figured out how much 500 one dollar coins would weigh. They weigh 8.1 grams each, 500 would total 4.05 Kilograms, or 8.93 pounds. Nowhere near "my body weight" and I'm a skinny guy. In fact, it would probably weigh less than my luggage.
Granted the analogy and weight might be off but there is more of a point. While traveling and making purchases we can a lot of change. Just as you might, over the course of a few days, end up with a lot of singles in your wallet, now you would end up with alot of coins. On another note, how do the dollar coins compare in size to the quarter? Previous ones, even the gold colored Sakajawea coins were easily confused. Also, although I'm basically an agnostic, I would boycott them without the "in God we trust" on them just because I think this country is becoming too damned politically correct and that should stop.
KCababy,
This link should calm you fears: http://coins.thefuntimesguide.com/images/blogs/lincoln-presidential-dollar-coin-photo-by-us-mint-.jpg
As you can see the words "In God We Trust" appear boldly under the Honest Abe.
OMG! There isn't "In God We Trust" on it?
Won't see the light of day in my home or my hand!
I agree...take this PC garbage somewhere else, please. I for one abhor it's use. At the rate we are going with politcal correctness there soon won't be any more stand-up comics because their jokes are are not politically correct and offend someone, somewhere.
Ernie-201266
Just saw your comment, thanks for that info. I am relieved.
Okay, let's ditch the "PC garbage," as you so kindly put it. You can fcuk yourself and your god. Coins went centuries without such vile passive-aggressive crap on them.
Oh, and if you get some coins without the stupid motto, send them my way: I'm sure they still spend the same.
In my part of Texas you never see the dollar coins. I don't know if the banks aren't distributing them or if collectors think they will be worth more in the future if they snatch them up. Personally I like the idea od the dollar coins (if the vending machine companies ie. Coke, Pepsi, Snack machines) would be retrofitted to accept them.
Aren't you glad you live in a country where it is legal for you to respond to my post in such a vile way.
In response to your first suggestion...sorry can't do that you have the market cornered. In response to your second suggestion...I wouldn't want to be responsible for you having to carry around so much weight it might crimp your style concerning your first suggestion.
Thanks, Realist, for your succinct response to Unrealistic Expectations. I was going to comment to him but you said it perfectly and with more class than I probably would have demonstrated. LOL. Thanks.
If they are large enough not to be mistaken for quarters they would be great. I too have traveled to Canada and spent a lot of time there, bar hopping and shopping. I rarely had more than three or 4 loonies in my pocket. I don't think the toonies came out exactly the same time though. Single dollar coins would be better as coin drawers in cash registers I don't think would conveniently hold that many types of coins, dollars, two dollars, pennys, nickles, dimes, quarters and half dollars. Granted, half dollars are rarely used. Pennys are almost obsolete.
with Nobama and the fed reserve printing $$$ like its the land of dreams, i dont think running out will be a problem. like some of you said,"the venders have machines that use them", and about the only thing i use them for is that. it isnt that often i use them, once in a blue moon, they are bulky, and if i had to get change for a $5, or if the place i went to was short of $5's, then its crap in my pocket i dont like. hard enough trying to deal with change as it is, then add $1 coins, just a pain is all.
We do have the 1 and 2 dollar coins in Canada but they didn't introduce both at the same time. The 1 dollar coin came out in 1987 and the 2 dollar one wasn't until somewhere between 1996 and 1998, just to clarify :)
DES
I have allready bought 200, I use them for tips, Service people love them and
keep them or give to their children and grand children. I spend about 400 each
quarter.
till we remove the paper dollars from circulation, as the canadians did, these new coins will not make it to the mainstream i'm afraid.
I use a debit card for the vast majority of my purchases. Other than vending machines, what do you need bills or coins for? A debit card takes the money directly from your bank account, and if someone steals it, with a single phone call you can turn it off. My bank will even reverse fradulent transactions.
I was able to use my debit card in Thailand to buy Thai Baht. Now there is a place you need paper money...
We should be thankful to such people like Mike Castle, US House Rep. from Delaware for coming up with the idea of the State Quarters and the President's Dollars. In both cases, he looked at the fact that the coins were cheap to make and that people would hoard them. Therefore bringing millions of dollars to the U.S. Treasury. With that said, that as a coin collector, I am one of those that has gotten hooked on collecting both the state quarters and the President dollars. I predict that the Lincoln (as well as the 1st one being the Washington dollar), are the going to be the most collected dollar out of the complete series.
Unrealistic Expectations
Why do atheist always have to make uneducated statements?
As a Coin collector “Numismatist” , Christian history buff, and person who has studied religion, theology, archeology, and anthropology for years I know that your statement is blindly wrong much like many atheist statements.
Fact coins for centuries had busts of kings, emperors, and religious symbols pagan or not on them.
Coin values used to not be based on what they say they are worth but on their intrinsic value the worth of the metal and amount which is the main problem.
Paper money used to be like a stock share that stated that you owned a certain amount of metal held by the government.
Why don't they just stick with one though? They had the Susan B. Anthony Dollars, which few people used. Then the Sacajawea dollars, which were a bit lesss "Quarter-y" and which I liked 0 I used to get both in my change from post office stamp vending machines all the time. I like them fine.
Then they went to the Presidential series dollars. I like the idea but they need to pick one and stick with it! They keep throwing new coins out, most people are conservative (philosophy not politics) about what money they carry, it takes time to accept a dollar coin. They should pick one and stick with it and give it time. I say get the Sacajawea dollar and stilck it out, let people come to accept them and ease the new designs back out. keep it simple. Would you want 10 new $1 bill designs flooding the cash economy at once?
I relocated to Brasil and a dollar coin is in use, common and is no problem at all. With the value of a buck these days, a dollar is no more than pocket change anyway, think the government is trying to tell you something?
You have to admit that the bill is more convenient, you can put 20-30 bills in a wallet and be fine.
Put 20-30 of these coins in your pocket and good luck keeping your pants up!
Here in Chile, the largest coin is 500 pesos, worth a bit over a dollar and the next largest is 100 pesos. Both are bimetallic and easy to distinguish. The 50 peso coin is copper (brown, like our penny) and the 10 peso "gold", 5 peso gold, and the 1 peso aluminum. One peso coins are so nearly worthless that many people leave them in the cash register and they go to charity. The smallest bills are 1000 pesos, green and white; the 2000 peso is pink-purple; the 5000 pink; and the 10000 blue. There is 20000 peso bill, but not so much circulated; it is green-brown.
Many countries have found that the bimetallic coins save confusion and that variously colored bills also do. I wonder why the US Mint hasn't come to that conclusion. I'm sure there have been various internal proposals recommending bimetallic coins and truly colored bills. The "colored" US bills are a half-hearted change.
Personal I wish I could boycott coins with "in god we trust" on them. Which god are they referring to anyway, the Paupa New Guinea Mud God?
As far as paper vs metal....stop making the paper bills....problem solved.
Lincoln was about as honest as Bernie Madoff. These coins are an affront to justice and liberty, just as the regime they have been issued under.
Wow, ConfederateSon... it seems no matter what the topic there are screwballs, conspiracy theorists, hate mongers, morons, and/or duplicitous partisan players who troll for emotional reactions or try to hijack threads. If that was your aim, I guess you succeeded. I can only surmise that you didn't try the obvious tactic of creating a thread around your perception of Lincoln because you thought (rightly so, in my opinion) nobody would participate.
Why start my own thread when there is an abundance of indoctrinated swine already bowing at the altar of Lincoln's Marxist empire right here?
Nothing is "obvious" to the successfully programmed federal shills. You're like lambs being led to slaughter... and you're begging the butcher to protect you.
Unrealistic Expectations, you are suspended for a day for violating rule # 1 of the Code of Honor.
Where can I get a roll of these. I hope they don't tarnish like the Sakagaweha dollar coin. But Lincoln's likeness makes them special and cool.
I collect these for the kids, have since '07. There's 4 a year, and it teaches them about history like the old stamps did. I haven't noticed them tarnishing, but I keep the album in a ziplock bag, just to make sure. Anyway, I get them online (uncirculated), the only place I can find them, at www.usstatequarters.com. Oh, I think Walmart used to carry them too. They might still.
I work for a credit union and we always order several boxes of each dollars as they are distributed. You can pick them up at face value with no online fees. You can also get as few or as many as you like at the credit union. Not everyone wants $25 worth of these dollars.
I suspect that they are made with the same special brass alloy as the Sacajawea coins, so they'd be the same size and weight, in order to work identically to existing coins in vending machines.
These are exactly the same as the Sacajawea one dollar coins. They will tarnish, but usually this only happens if they are frequently handled. One way to get a hold of the coins is through the US Mint. If you want other presidents, or the newer Sacajawea coins, you can get them through the direct ship program. The mint will sell you the coins at face value with no shipping charges, so it will only cost you $250 to get $250 worth of dollar coins. That is the catch though, you have to place a minimum order of $250.
I usually pay part of my tuition with a couple of rolls. The cashiers get a kick out of it. :)
Republic: That's cool! Coing the tuition payment with them.
Linda Golding: The place I bank with doesn't always have them. I'd have to call every day to check and then go right there. It's first come, first served. I'd order online if I didn't have to buy $250. worth.
Maybe its the fact that retailers don't like $1 coins? It's never bothered me, and I like to carry and use them. But cash register trays don't have a spot for them, so retailers don't 'stock' them for change, so they don't get into circulation. (At least that's my theory, I'm not really sure).....But, yes, I like and would use them....
I agree. My dad owns a business and in the cash reisters there isnt a spot for them. We do accept them, it doesnt really matter how the customer pays us, but we dont see them that often. Honestly, as long at the customer pays, we dont mind with what they pay.
I work at a convience store and we have a compartment for assorted coins, half-dollars and dollars...
Fred-2025425 - I agree. Every cash register drawer I have ever used had an extra coin compartment. We would use it for half dollar and dollar coins along with paperclips or other odd things.
yes retailers have a spot for them in cash registers, they come standard with 5 compartments. what retailers hate is the 100 dollar bill. Customers go to the bank cash a check and get all hundreds back. Hit the store 5 min. after opening spend 5 and expect the store to have change for 100. I would love to give the big shot 95 Lincoln dollars as change.
gwhitis - I know of the jerk you're talking about. It never fails I'll need to run in Wal-Mart quickly on a Sunday morning and only 2 lanes are open. So, I take the one that is just ringing up the last of the purchases in front of me and the total is $103. Then the guy pays with 2 hundred dollar bills and I have to wait for them to get change. It is the same guy each time too.
The main reason they don't enter circulation is that they're rarely given as change by retailers. I can't remember ever getting the dollar coin as change instead of a dollar bill.
I work in retail and I can tell you from experience that, when given the option, most customers do not want to receive dollar coins. Whenever I have them in my drawer I ask if they would prefer bills or coins, and the vast majority choose bills. I think the coins are cool but unless we stop printing dollar bills they will never see much popularity.
I dont even like carrying the < $1 coins. Too noisy when I walk. Jerry's kids usually get my coins.
There's an easy answer, STOP PRINTING THE PAPER BILLS!!! duh!!
So true! If the gov't wants these coins to work, they need to get rid of the paper. Canada does just fine with theirs and they even have the $2 coin. Go figure, their more successful at this than the USA.
The Canadian government replaced their $1 and $2 bills with coins. They stopped printing bills in those amounts and that was end of story.
US politicans and the Dept of Treasury don't have the backbone to just say paper bills are no longer being printed.
We have the best government in the world that money can buy.
Problem with the USA, we have to be keep every body happy, the EU and Canada just said you are getting a 1 and 2 dollar or Euro coin. BTY they work great. The EU has a 500 Euro Bill also.
If we lived in a country with a governing body that didn't listen to the 95% majority, that would probably happen. Oh, thats right, we do.
If the goverment would start reducting the amount of paper dollars they print, banks would have to start using the coins instead of the paper. People in this country do not like change.
"People in this country do not like change."
Was the pun intended? :)
Lol, unlikely. People in this country aren't generally that sharp. ;)
LMAO!!!!That was great Jherek :)
Every week I put $50 worth of gas in my Van..I pay in cash only.
I wonder what $50 worth of these coins will weigh in my pockets?
Or is it just carry a few only..if so why even make them then?
Born-in the USA: $50 is too much. How much of your driving can you replace with biking? We could greatly improve our balance of trade if everyone would ride a bike once a week.
I just weighed two rolls, 18 oz! Kinda heavy for pocket change ;)
So am I to understand that you fill up your van once a week, and always pay for it using fifty, one dollar paper bills?? Weird.
So I would assume by your post you use 50 one dollar bills. That's a pocket full.
Answer: a fraction less than 9/10ths of a pound. Hardly a heavy weight, but admittedly more than 50 one dollar bills.
Why does everyone keep mentioning that they carry $50-100 in $1 bills around all the time? Are you people stripping for a living? (Then I could see why you'd be angry about $1 coins. The strippers I've tipped with Susan B's were usually none too pleased with them as opposed to paper bills... especially if you keep the coins chilling under your drink before you tip with them...)
I would never have more than 5-10 of these coins at a time (that's what $5 and $10 bills are for. Do you carry around dozens of pennies, dimes nickels and quarters around with you as well?)
born in the usa, I understood you perfectly, and know you didn't say you pay with all $1 bills. Some may need to read more carefully! lol Yeah, I'd just carry a few so my pocket didn't get weighed down. I don't like carrying much change, no matter what kind.
Who the flying hell (other than strippers and those about to see a stripper) carries around $50 in singles?! The "It's heavy in my pocket" excuse is BS. Everyone has a wallet full of $20 bills, and a little smaller change. Why? Because the ATMs only give out 20's. I'd rather not have the government spending so much money, making money.
Ugg, that's the problem with a democracy, you only need the approval of the dumbest 51% of the population.
"Born" carries a hundred one-dollar bills around in a silver bill clip, which make him(her?) feel like a wheeler dealer. Incidentally, if you come to Chile, your $50 will buy only 8.7 gallons, so bring your whole roll.
On the other hand, it is classy to carry your change in a goatskin bag with a draw-string. Think of the THUMP when you lay that on the counter full of Lincoln dollars. The clerk will think you are an Arab sheik.
hey, good point. How are these supposed to stay in a g-string? ;)
It's just part of the presidential series.
I enjoy the feel and use of the coins. However, if I had to carry a lot of them around, that would not be easy or fun. And, besides $1 slot machines, where could I use them conveniently? My suggestion is to make fewer of them and encourage the populace to collect them, for their children and their retentive precious metal value.
There is no "precious" metal (silver or gold) in coins minted for general circulation.
I hate dollar coins. The government has been trying to force them on us since the Susan B. Anthony dollar. When will the government learn?
They are hardly being "forced" on you since $1 bills are still being produced, so you do have a choice as to which currency to use. If the government minted $1 coins and stopped printing $1 bills, then that would be forcing them on you.
What you should be more concerned about is the 98% drop in the value of the US dollar since 1913.
hey i luv change. lol i like the sounds & the way it feels when theres alot . i can have up to 15.00 in change after i spend my bills. if you think about it the change in your pocket adds up.:) i wish they would bring back the big silver dollar i always luved them as a kid & still do :)
If the new dollars were like the old silver dollars I'd have no problem with them. Easy to differentiate in the dark or when in a hurry.
My dad gave my kids silver dollars for their birthdays. They never spent them and they all still have theirs.
So did mine, Realist, and in Christmas stockings, and I still have four or five of them along with the silver Kennedy halves. They were great for Las Vegas, but too heavy for pocket change.
the new dollar coin is stupid
Way cool! I've been giving dollar coins as gifts to nieces and nephews for years they like em and I don't know they like to save em up
If they are not almost exactly the size of a quarter (like the Susan B's & Sacajawea's) they may go over.
All the dollar coins are exactly the same size and wieght. Susan Bs, Sacajawea, all the presidents, all the same.
Except the Kennedy Dollar.
Sorry the Eisenhower dollar.
It is easy to tell the difference, both from the brass color and from the difference in the edge and design. Nobody confuses the Sacajawea or Lincoln dollars with a quarter, not even the blind.
Sorry you're wrong. I know many people who in a rush have done it including myself. There is significant difference among the other coins, why not the dollar?
I prefer to use the dollar coins as much as I can get my hands on them. Seems to be a bit of an issue of people hoarding them....because if there's 1.3 BILLION dollars worth of the coins out there.....I've only seen maybe 3 dozen over the last couple of years............?!?
Doesn't help too that recently most local vending machines that I've come across STOPPED accepting the dollar coins as well....
I once got change for a $20 bill in $1 Sacajawea coins at a transit ticket vending machine. That was a lot of coins! I eventually used them all up, mostly in vending machines.
why not send several c.i.a. and seal teams to afghanistan, iran, and iraq. we have the power and capabiltity, to retrieve the untold billions of freshly minted dollars. besides, have you people forgotten that g.h.w. bush, his son george, and the former v.p, dick cheney, dealt with these same countries privately for years. its on michael moore's movie and dvd. it simply cannot be explained away, fahrenheit 911 is proof positive. and now we find out why george sat there that infamous day and said nothing for 15 minutes, his advisers told him to keep reading to the kids, even while planes were flying into the w.t.c. towers and the pentagon, he was blitzed beyond his capacity for speech. anything he could , or might have said would given his alcoholism away. little kids wouldn't have known, but the camera never, ever lies.
Uh...what? What does that have to do with the new dollar coins?
are you lemmings led to the cliffs to jump?
Sorry NutJob, anyone who quote Michael Moore as a source has less than zero credibility with any thinking person.
i'm sorry, you've obviously never seen fahrenheit 911, or bowling for columbine. i'm really afraid for you, because the video truth has'nt sunk in yet, after 10 years. once again, the camera never lies.
j.r. The cameras may never lie but the fools in front of it do.
Mikey wouldn't lie. Would he?
I am sure he has all the inside information. Stuff no one else has.
Very pretty.
The problem with dollar coins is that they are heavy. That is why America started to use paper money in the first place (as well as just about every other place that uses paper money) because the last thing you want to do is to be lugging around a huge pouch of coins just so you can pay cash for things.
I have nothing against dollar coins, they're nice in certain circumstances, but I don't like to carry coins around even when they're quarters. I'm like a lot of other people, I get change back from something I paid for and that change goes right into a dish when I get home, where it gets forgotten until I have an immediate use for the change
as to almost every place that uses paper money, I have been thru that grist mill way too often, they paper its printed on is worthless as the countries that print them, at least here a dollar (no matter which kind) is worth a dollar. If you disagree, just ask the Social Security Administrators, they tell us retirees, that there is no inflation at all in the last two years, and 2011 will be the same as my Medicare goes up , but SSA does not look at medical costs, only a few items they can control in the Baltimore area, bah, let the stupid tea party @!$%#s run it, they will kill off all seniors so the rich can have no taxes at all, piss on the USA im going to the Philippines where women are real and the costs are good and they are smart enough to control the cost of Defense so taxes for ALL are low
I think you will enjoy Chile more, Richard, and the cost of living is not much higher than in the Philippines. The livestyle is a lot better; I have lived in both.
Canada and England have used one dollar/pound coins for years. They both took the one dollar/pound note out of circulation. By the way the average piece of paper currancy has a lifespan of about 6-8 months, not 21.
Japan uses coins for the equivalent of $1 (100 yen) and $5 (500 yen). The smallest denomination paper currency is equivalent to $10 (1000 yen).
They're cool and it would be nice to have a few, but dollar coins are way too heavy in my pocket for me to appreciate them much. And most vending machines don't take them, either. Kind of awkward white elephants if you ask me.
I hardly ever get a dollar coin in change. I love them, but they are hard to find.
I asked at my bank if they had any Lincoln dollars today, but no rolls at all.
i may have gotten a little off track, but a former drinker can always see another drunk, and the confusion was evident in his eyes as almost 4000 people died in minutes .cheney may not have legally owned Blackwater ,while in office, but he definitely held the reins of power. cheaters never win, and liers alway lose. right ,carl "sonny" tarpley, and his bestest buddy , old pal, newly elected up and coming republican politician, morgan griffith, of virginia.
black, white, red, or brown, a liar will always be a liar. hey (MR.) morgan griffith, the truth will out around your head like raining bowling balls
I have thought for decades we should adopt the Canadian method.... take paper one dollars out, and use only 1 and 2 dollar coins.
because , L.R. they wouldn't have to print so much new money, if they went over and recovered all of the u.s. dollars already printed over there, it's just good old plain common sense. does that do it for ya.
Once more, what does that have to do with the new COIN. Regardless of how much money whatever other countries have of our currency, they would still be making the coins. Not to mention the currency they have over there is still worth money there as much as it is here, so they wouldn't be 'reprinting' that money here. Even if we ran over there and somehow managed to track down and take back all of their currency over there, we would still be printing new money and minting new coins.
Need I remind you that this is about a coin and whether you would use it or not, not how much you hate Bush.
L.R. old boyo, i just hate liars and thieves, 1st point. 2nd, there are no pants being produced that can hold 100.,200., or 300 dollars at one time because most folks like the security of keeping their money with them. plus you would have to wear suspenders to keep your pants up. could you carry them, i think not. also considering the weight, you would need a little cart, or wagon to carry them. as for my earlier comments on any bushes, cheney's, or any other liars profiteering from the economy of the people, they will stand, republican, democrat, or libertarian.
why in the world would you want to carry more than five single ones or five one dollar coins anywhere? It is all you need to make change. If you want to carry a hundred dollars or two hundred dollars, aren't you going to carry it in twenties?
Only place a person would carry that many ones is the exotic dance parlor?
j.r., I don't care who you hate or what your political affiliations are. I still maintain that that has no place in this conversation about a new coin.
As for the weight problems, I'm with maglindracia here. Who in their right mind would carry that much cash around, especially in small bills or coins, unless they were gambling or visiting an exotic dancer or two? (Which makes me wonder, how would you pay an exotic dancer with a coin, it's not nearly as easy to carry about in a g-string.) The most I ever carry in singles is 8 or 9 bucks, depending on what other bills I've broken for whatever reason. I can't imagine carrying more than that in singles, whether that be dollar bills or coins.
L.R.. its easy to tell you just dont get out in the public much
Come on, everyone uses debit & credit cards at stores as well as credit cards & paypal online. Why is our government wasting time and money on paper currency and new coins? In a few years we may not need either anymore.
I don't, Dave. I have never, ever used a credit card or debit card. I have never bought anything on-line instantly. If I can't pay by check or money order that retailer does not get my business.
thank you,matt
The way banks have been lately, there's a lot of people out there that can't get either. I think there's a big trust factor there too. Everybody takes cash. Everybody. And it doesn't cost a merchant fees to use.
Actually, 'everybody' does NOT take cash. For instance, i cannot pay cash for my rent. They refuse to take it. I've run into many businesses since i moved to a southern state that refuse to take cash, it is the oddest thing!!!
People will always want currency they can hold in their hands. For one thing it makes a lot of simple, small transactions easier. It's easier to keep your ducks in a row if you are not good at balancing your checkbook or paying attention to the amount you have in your bank account. My room mate for one pays his rent only in cash because he knows right then that the rent has physically been paid and he won't run into the problem of thinking he has the cash when he no longer does.
Not to mention all the fun little things people like to buy with cash to keep records of such purchases from existing. (Things such as women buying pregnancy tests with cash so their significant other won't know about it without them being the one telling them, or men buying jewelry for their significant other with cash to keep it a secret.)
i had a checking account once, thought i was a big shot, but would go to the bank, cash my check first, then deposit whatever in to the account, and keep a fair amount in cash. do you know it took the bank 5 working weekdays to process my cash, thereby screwing me up because i was writing checks on money that wasn't added to my account immediately, so i wound up bouncing checks, even though i had money in the account, or so i thought. so i keep my money on me, that's what guns are for, defense.
I don't have a credit or debit card either. I get a refillable WalMart credit card for any online purchases but only put on it what I want to spend.
My son took a trip to Australia and came back with a few bills. The bills are made from a material that can't be torn -- or, at least, can't be torn easily. If we did that, our bills would last longer. I don't know how they would be for forging, though.
Off Topic: My son had a debit card and used it on the Net. His computer got hacked into, they wiped out his checking account, he didn't check his balance for about a week, and had almost $1000 in overdrafts, plus what they spent from his checking, plus what they overdrew him for. The bank made him pay the OD fees, and the overdrawn amount. It was a Wells Fargo, BTW. They closed his account; he can't get another checking account for 7 years. He uses WalMart refillables ONLY now, along with cash and money orders, of course. Just FYI.
For years, I've used a credit card to pay for most of my purchases. It's easy, secure, and I get points that transfer to items I can get by trading in the points. I always, always, always pay my credit card balance off monthly, however -- and that's what gets most folks into trouble. To me, it's a convenience I wouldn't be without. Ever try to rent a vehicle without a credit card? Not easy. And this country is heading, for better or worse, into a cashless society.
@ 24paws.........*cashless society* in the fact that none of us will have any money. LOL
They need to stop minting pennies and stop printing dollar bills. The public will get use to it if you make them use dollar coins.
I agree with stopping minting pennies. Just do a little rounding on all purchases and it'll even out at the end of the day. Most of them get dropped in fountains or coin jars never to be spent again anyway.
Here is the problem with that - Banks and other places will (and do) round DOWN to the next sum, taking money from you.
A penny here... a 1/4 cent there....It adds up fast when you get that much for each of your couple million customers. I wouldn't mind a piece of that action, myself.
Mmmmm...mint dollars.
The chocolate dollars are a holiday treat.
melt in your mouth, not in your hands, or a pocket full of chocolate
In Canada where I live half the time, we have one dollar coins and two dollar coins. The government was able to introduce them successfully by eliminating all paper bills below the five dollar bill. The US should do the same and save a lot on printing money. Do to inflation, printing a one dollar paper bill today is equal to printing a 10 cent paper bill in the 1950's.