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Old 09-27-2011, 05:24 PM
 
Location: Tennessee/Michigan
28,220 posts, read 47,641,499 times
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I wonder if this would stop bank robberies? To heavy to carry?

Several House Republicans have introduced legislation to retire the dollar bill and replace it with a mandated dollar coin. A couple of senators, however, have introduced a competing measure to protect the paper dollar from, as they say, the "unpopular one dollar coin."

House GOP wants to cash out dollar bill - The Hill's Floor Action
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Old 09-27-2011, 05:29 PM
 
Location: Sango, TN
24,889 posts, read 21,077,980 times
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We should have left the paper dollar a long time ago. It costs more than a dollar to make a paper dollar. Its stupid.

Coin dollars, besides, most folks are going card now anyway.
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Old 09-27-2011, 05:31 PM
 
Location: Great State of Texas
86,093 posts, read 72,563,848 times
Reputation: 27566
Is this what is turning into ?
Congress is such a sham it isn't funny anymore.
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Old 09-27-2011, 06:09 PM
 
12,309 posts, read 15,215,162 times
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Who cares? It is true that coins last longer, justifying their higher cost. But who carries them around? I have heard even coin collectors aren't interested in them.
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Old 09-27-2011, 06:40 PM
 
69,372 posts, read 55,536,220 times
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The Federal Reserve Stores $1 Billion In Dollar Coins That No One Wants : NPR

No one wants them. Makes no snese
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Old 09-27-2011, 06:41 PM
 
9,857 posts, read 7,033,130 times
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Quote:
Originally Posted by pghquest View Post
Like Obamacare.
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Old 09-27-2011, 06:42 PM
 
12,870 posts, read 13,148,437 times
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it was sponsored because the GAO keeps saying that it would save money.

i have to say that i found this part ironic:
Schweikert said 3 billion paper dollars are shredded every year, and the constant need to destroy these dollars and create new ones is a cost the government can no longer bear. He said metal coins would last longer and therefore save money.

quit printing so much money then.

that would save some money.
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Old 09-27-2011, 07:45 PM
 
26,848 posts, read 19,103,609 times
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Quote:
Originally Posted by floridasandy View Post
it was sponsored because the GAO keeps saying that it would save money.

i have to say that i found this part ironic:
Schweikert said 3 billion paper dollars are shredded every year, and the constant need to destroy these dollars and create new ones is a cost the government can no longer bear. He said metal coins would last longer and therefore save money.

quit printing so much money then.

that would save some money.
So, just stop printing paper dollars in order to force a change to dollar coins?
That seems to be right in line with this proposal.
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Old 09-27-2011, 07:59 PM
 
Location: NC
10,005 posts, read 9,026,330 times
Reputation: 3073
You would think congress might have something better to do.
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Old 09-27-2011, 08:06 PM
 
4,800 posts, read 10,587,483 times
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If they are going to make this work, then vending machines will have to be refitted to accept the dollar coin. I believe that is one reason they never caught on, as well as the Kennedy half dollar, because you can't use them to buy things from machines.
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