4 senators introducing legislation to get rid of dollar bill, replace with coin

Discussion in 'Up to the Minute' started by wfgodot, Jan 31, 2012.

  1. wfgodot

    wfgodot Former Member

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    Senators: Get Rid of Dollar Bills (Wall Street Journal)
    more at WSJ link above
     
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  3. Cubby

    Cubby fly the W!

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    I would have no problem with a dollar coin. People would get used to it.
     
  4. BritsKate

    BritsKate Past mistakes should teach you to create a wonderf

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    Pound coins replaced pound notes in the 1980s here to much resistance. Many still say they would prefer notes - the coins can be heavy and bulky when there are a lot. We have a £2 coin as well which is somewhat useful when being given change.

    Coming from a dollar bill to a pound coin really never bothered me though. I think the initial implementation will be the most difficult. If it's going to save money though, worth it, in my opinion.
     
  5. Lera213

    Lera213 New Member

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    It would cost the tax payers buckets to mint dollar coins and get them into circulation. This isn't the freaking time for BS like this!
     
  6. Trino

    Trino New Member

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  7. Trident

    Trident Active Member

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    Isn't that because they didn't go over well the first time "they" tried this?
     
  8. nervous_nellie

    nervous_nellie Carpe Noctem

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    as long as they are a much different size than the quarter... remember the susan b. anthony disaster :/ lol
     
  9. RoseRed

    RoseRed Former Member

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    Hubby and I were talking about this and the fact that a coin will most likely be much heavier to carry than paper. Imagine 30 coins in your purse rather than 30 paper bills.
     
  10. cluciano63

    cluciano63 Active Member

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    A huge waste of time, IMO...do stuff like this when and if there is nothing else to worry about...
    JMO
     
  11. LunaticFringe

    LunaticFringe I know you're out there...

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    You're right about that!I had to get used to the loonie and toonie here in Canada.They are one and two dollar coins.They do add up some weight in a purse and in your pockets.
     
  12. ~n/t~

    ~n/t~ New Member

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    We have our dollar and 2 dollar coins

    We call them our loonie and our toonie. lol

    [​IMG]
     
  13. ~n/t~

    ~n/t~ New Member

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    I wish we could get rid of pennies. Those are my pet peeve!
     
  14. TrackerSam

    TrackerSam New Member

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    Yes. Coins will always be "change", whereas paper is real currency.
     
  15. legalmania

    legalmania Verified Paralegal

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    It may be me but, I think we have a few things that are just a tad bit more important right now. I think things like the economy and healthcare should be prioritized right now. This legislation will take time and money something we don't have a whole lot of these days. I think it would be a little bit of a inconvenience for people who work for tips.
     
  16. wfgodot

    wfgodot Former Member

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    Big savings in the long run; they should just do this and get it over with. The Loonie works in Canada.
     
  17. Nova

    Nova New Member

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    Thanks to you and the Canadians for the calm voices of experience.

    I confess that my first reaction, too, is to be against this. But if you guys say we'll get used to it, I'll keep an open mind.
     
  18. LadyL

    LadyL New Member

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    you'll get used to it Nova & others ...

    it's not really added weight in your wallet/pocket because you spend it more than the smaller change ... and it's like gold when you find a loonie or toonie in your pile of coin in the car when you're in the coffee drive-through :D

    I really wish we could get rid of the useless penny (& nickle & dime) though and re-introduce a 50 cent coin
     
  19. LunaticFringe

    LunaticFringe I know you're out there...

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    My husband is the biggest penny hater in the world.He'll rifle through his pockets for pennies in a last minute Christmas line up or there could be a semi headed straight for us...doesn't matter.He will dig for that 1 penny so he won't get 4 back.
     
  20. Montjoy

    Montjoy Inactive

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    Thing is, a person typically doesn't have much reason to carry 30 $1 bills, and the same holds with $1 coins. Many countries have moved to coins for lower denominations without the sky falling. Considering that prices for items in vending machines are often more than $1, the argument can be made that it will be a reduction in coin weight for many, as it's lighter to have one $1 coin than it is to have 4 quarters. Ultimately, it is a cost saving.
     
  21. Footwarrior

    Footwarrior New Member

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    Actually it's a great time to make the change. We have had a well designed dollar coin since the year 2000. Any vending machine produced in the last 30 years can accept this coin. The US Mint and the Federal Reserve have over a billion dollar coins sitting in vaults ready to ship. And we will save money over the long run because dollar coins last far longer than dollar bills.
     

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