Question is in subject line. Canada got rid of the $1 bill and replaced it with a coin ages ago. It is just dumb to have a paper unit of currency this low in value. Years ago it made sense, but there’s been a whole lot of inflation since then. All the Treasury has to do is quit making dollar bills, introduce a dollar coin, and that’ll be that. Are Americans just that stubborn and stupid?
Is one out of two good enough?
Because it is really hard to stuff dollar coins in a stripper’s G-string.
This is just my opinion, but i CAN’T STAND coins. The only thing they’re good for is bus fare.
Coins are also good for snapping. You take a coin (a penny is best) hold it where you’d snap your fingers. If you angle it right, it’s a hard hitting projectile. You’ll shoot your eye out.
Correct, but IIRC, Congress has, on at least two occasions, failed to pass the legislation that would allow the Treasury to stop producing the dollar bill. Can’t say I know why.
Are these Sacagawea dollar coins actually intended for general circulation, or are they just being sold to collectors? Could I get a roll of these dollar coins from my bank next week? I’ve read of these before, but never saw one in circulation.
Just guessing but perhaps the bill is cheaper to produce, meaning less of a investment capitpl and more of a net profit for the treasury?
Must suck to be you then when you purchase something, and the cashier says “that’ll be $3.01, sir.” BTW, the buses around here do take dollar bills. Standard adult fare is $1.
Acually, it is the reverse. Bills wear out, and the Treasury destroys those that are too worn and replaces them with new bills. Coins basically are eternal. Near zero replacement cost with coins.
They are in general circulation. You can get a roll at any bank. The problem is that all the soda machines, etc. have bill slots. The only vending machines you see that take the dollar coin are at the post office.
Well, there’s a couple of problems.
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Almost the entire infestructure is set up to use bills and the coins that are in circulation. The same bill feeders can take the common denomination bills. However, you get rid of the $1 bills and replace them with $1 coins, then all machines have to modified to use the new dollar coins, quite an expediture.
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Coins tend to be rather bulky and heavy, causing an annoyance to people who have a lot of them in their wallet.
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The last two dollar coins(the Sacky and the Susan) have had the distinct disadvantage of being roughly the same size and weight as a quarter. That did little to endear it to people.
The only real benefit to getting rid of the coin in favor of bills would be that coins don’t have to be replaced nearly as much as bills.
Hmm…perhaps I’ll try at my bank next week and see if they look at me like I am asking for something non-existant. And if I can get these coins, I’ll then see if I can freak out cashiers by paying with them, and see the reaction.
The Canadian loony ($1 coin) isn’t that much different in size than their quarter, and I hadn’t read this caused chaos in Canada. Lots of dollar bills are also annoying. I can see the argument that this will be an issue with vending machines and such having a problem making some sense. Then again, Canada was able to do this, and they have vending machines over there too.
since you are really asking for an opinion, I’ve moved this to IMHO.
Lord knows, there have been tens of OP’s asking this same question. If you’re loking for a factual answer, use the search feature.
samclem
Just get your wad of $2 bills …
I just* know* we’re in that group somewhere.
FWIW, the MetroPass vending machines in the New York subway give out Sackies.
Second what rf(several consonants) said. We brought in the $1 and $2 coins, cancelled the bills with no further nonsense, the sky didn’t fall in, and some people made some money marketing little coin trays to go into the bill compartments in old cash registers.
I get these all the time, have ever since they were first introduced. In NYC you always get them as change from the subway MetroCard machines and the LIRR ticket machines. I’m always surprised when people say they haven’t seen any cause I use 'em every week, lol. (And I’ve never had anyone act confused when I paid for things with them either).
“In addition, most commercial banks will readily supply their retail customers with these bills if their customers request them in sufficient volume to justify stocking them in their vaults.”
I’m going to guess from that odds are near zilch my bank would have $2 bills. While I have never seen a Sackie here in the Lansing, MI area, since others in this thread have posted they have seen these in general circulation, I have to presume that the banks around here would at least know what I was talking about if I wanted a roll of $1 coins. Dunno if they will have any available; but at least they wouldn’t think I was a nutcase.
But if I could get $2 bills, imagine the look on some 19 year old cashier’s face around here if I paid for a $2.69 purchase with a $2 bill and a Sackie? THAT would probably end up with a manager involved.