I was reading a recent article in the Palm Beach Post that reported that, although the Sacajewa dollar coin is doing much better than the Susan B.'s did, it is definitely not catching on.
The gov’mint wants dollar coins because they save a great deal of money - taxpayer money. While each coin costs more to make than each bill, they last 30 years as opposed to eighteen months.
There are other advantages, including that you don’t have to iron your Sacajewa before putting it into a vending machine (assuming vending machines are made to accept Sacajewas).
So my solution to getting the Coin accepted is – stop making dollar bills. If there ain’t no more bills (over time, as the ones in circulation wear out), people will start using the coin.
The argument I have heard against this step is that the value of currency is fundamentally psychological; a dollar is worth a dollar because people believe it to be. Therefore, you shouldn’t mess with the currency itself, for fear that the population’s faith in its value would be shaken.
To that I say: Hogwash, Sir!! Hogwash and Balderdash! Even ignoring the fact that Canada and Britain managed to avoid collapse and anarchy when they introduced the Loonie and pound coin and removed the corresponding bills from circulation, (Admittedly, Canada was a close-run thing. ;)), currency is less and less a tactile thing anyway. I’d say that about 90% of my money is never in the form of currency - a transfer is made into my account for my pay"check"; automatic debits pay my student loans, rent, etc.; and most of the rest of my debts I pay by check. I’m not going to suddenly fear for the value of my money because George W. is no longer in my wallet. I doubt many other people will be, either.
And this ain’t a “damn big government changing things” issue, either - if anything, you can argue that we are going back to our federalist roots, when the govmint didn’t issue bills, and the only “real” currency were coins (most of which were minted by other countries).