Should the USD one-dollar bill be phased out, and a dollar coin replaces it? (transaction, credit) - Economics - City-Data Forum

JBAinTexas · 02-04-2018, 02:59 PM

A USD dollar coin would last longer and be more cost-efficient than a dollar bill, which will wear out quickly.

What do you think?

CBeisbol · 02-04-2018, 03:03 PM

Agree

MLSFan · 02-04-2018, 03:06 PM

I rather have the note instead of coin, lighter and doesn't knock against leg when walking

we moved away from carrying rocks and shells for paper money for a reason, let's not go back

Threestep2 · 02-04-2018, 03:11 PM

What happened to the Susan B Dollar coins?

MLSFan · 02-04-2018, 03:14 PM

nothing, but not many people like using them

cjseliga · 02-04-2018, 03:59 PM

I think we should start with the penny first, get rid of it, have every price end in a "0" or a "5".

mathjak107 · 02-04-2018, 04:11 PM

they are to bulky to carry . i have even carrying more than a quarter or 2

Lowexpectations · 02-04-2018, 04:27 PM

The smallest denomination of euro bills is 5.00 and they have 1.00 and 2.00 coins. I believe Canada and the UK have made the switch I think it works better

homelessinseattle · 02-04-2018, 04:34 PM

Negatory.
Next.

Futuremauian · 02-04-2018, 04:38 PM

Quote:

Originally Posted by cjseliga

I think we should start with the penny first, get rid of it, have every price end in a "0" or a "5".

Agreed, but I like the system used in Australia. Groceries, for example, can be priced to the penny then when they are all rung up, the total is rounded up or down to the nearest nickel (or 5 cent coin).

I'm not a fan of dollar coins for the weight of them. Since we seem to be moving to credit and debit transactions, the point may be moot soon anyway.