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Dollar Bill to Dollar Coin
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Posted 12/5/12
greatfallstribune.com/article/20121205/OPINION/312050005

I'm not a politics fanatic but THE dollar bill....the ones I use to pay for my 99cent bag of chips are going to become the size of an M&M?!?!?

well, they do say:
-cost of production will be cheaper
-but how are they going to make the switch?

I know Sacajawea (haha auto correct) coins exist and there are also those coins they give as change at the train station hmmm
wyrvan 
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Posted 12/5/12
They have been trying to get people to use the dollar coin for decades with no luck. Money will probably go comptly electronic before that happins.
antx0r 
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Posted 12/5/12
It's not that hard to switch from note to coin or coin to note currency, it just takes a bit of time and government action. Something as small and highly circulated as the $1 bill won't take long to replace. All that needs to happen is for congress to pass a bill that says that we will no longer make any more $1 notes, but will replace the $1 notes taken out of circulation with the $1 coin. In about 2 or 3 years most of our $1 currency will be coins rather than bills. The $1 note will still be considered legal tender and you can use it, but you just won't see it as much. I don't know why this hasn't happened yet, my guess is there is some weird politics and special interest groups that is hindering the government action part, and it's not a subject that gets much attention...
wyrvan 
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Posted 12/5/12 , edited 12/5/12

antx0r wrote:

It's not that hard to switch from note to coin or coin to note currency, it just takes a bit of time and government action. Something as small and highly circulated as the $1 bill won't take long to replace. All that needs to happen is for congress to pass a bill that says that we will no longer make any more $1 notes, but will replace the $1 notes taken out of circulation with the $1 coin. In about 2 or 3 years most of our $1 currency will be coins rather than bills. The $1 note will still be considered legal tender and you can use it, but you just won't see it as much. I don't know why this hasn't happened yet, my guess is there is some weird politics and special interest groups that is hindering the government action part, and it's not a subject that gets much attention...


Simpler then that really. Public dislike + No special interest groups pushing for it = No action by politicians.
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Posted 12/5/12
Dollar coins are awesome.
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39 / M / Utah
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Posted 12/5/12
Dollar coins also make a lot of sense in that they work better in vending machines. This was part of the idea behind the presidential dollar coins, to make them readable by vending machines but I never followed how well the idea worked.
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21 / M / Canada
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Posted 12/5/12

Dollar coins also make a lot of sense in that they work better in vending machines. This was part of the idea behind the presidential dollar coins, to make them readable by vending machines but I never followed how well the idea worked.


They can convert machines but it would take awhile. Recently they changed the Canadian $1 and $2 coins to a new material, which gave them a different weight and were unusable in vending machines until reprogrammed the machines.

As someone who has always had dollar coins, doesn't it ever get annoying having such a small bill? Or do people like it?
Posted 12/5/12
Coins are a pain to put in your wallet..
k_feen 
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Posted 12/5/12
It's not that big of a deal to change over in the grand scheme. Both the one and two dollar bills switched over to coins in Canada in my lifetime (though I was only three years old for the former), and while there were some complications, they were largely short-lived. Some people cry about it when it happens, but at the risk of sounding cruel, if you can't adapt to something so marginal to accommodate broader economic gains, you might have bigger problems than coins. I think some people just like to freak out for the sake of freaking out or perhaps are simply afraid of change. Er... no pun intended.

Right now our government intends to eliminate the penny for very similar reasons, and just recently we switched our bills to some sort of polymer. Some people cry about it and cite minor complications with vending machines as if it's a sign of the end times, but in six months half of us will probably have forgotten anything had changed at all. Sure there are some businesses which will be disproportionately affected, but being in business requires the ability to adapt.

If it ever does change in America wide scale, hide a dollar bill between the pages of a book you will keep, but not likely read again any time soon. Years from now it will resurface and you'll be all like 'Hey, I remember you!' If you don't already, perhaps you will have children by then (or perhaps just cats which you will treat like children), and you'll be able to gather them round and start in on some 'Back in the old days...' rant in which you can make up random nonsense about what a dollar could afford you way back when.
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18 / M / Tórshavn
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Posted 12/5/12
Coin's are a wasted of space. Bills are waste of space (even though it's a very small amount of space) I bet that it's going to get electronic at one point and wont go back to this whole situation. But when I say electronic, I do not mean only the Visa card or any other type of card (only) There have been some talk about using your phone and etc. There are many ideas
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19 / M
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Posted 12/6/12
Coins are cool, go away.
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Posted 12/6/12 , edited 12/6/12
I read an article in the newspaper on this just a few days ago. Somewhere near 50 million US 1 dollar coins are already minted, waiting for circulation. Its still a few years off, but they need to mint many more before passing legislation and actually changing the currency. The driving factor was cost, naturally. A 1 dollar coin can last for decades, whereas paper bills are put in and out of circulation every 4 or 5 years. They expect it to save tens of millions in the longrun.
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26 / M / Denmark
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Posted 12/6/12
here in DK, we got rid of our 25 cent coin, and all banks had a service for people to hand in their coins and the amount would then be put into their bank account.. they might do something similar in the US, maybe?
1mirg 
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22 / M / United States of...
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Posted 12/6/12
Let me put it like this:

You got 100 dollars, in all 1 dollars.

The Dollar bills version in one bag

The Dollar Coins are in another


Which bag is going to take up more space?

But, the coins bag is going to be heavier, that is a fact
Posted 12/6/12
I'm a freak when it comes to collecting rare coins and such.
I think that shrinking the dollar coin would be just wrong. Less valuable that is for sure...
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