-
Getting Dollar Coins into Circulation
I’m looking to change the US currency system. I’m one of those folks that is looking to abolish the penny and now I want to get rid of paper dollars. With the penny, I just think we should stop using the one-cent piece and round everything to the nearest five cents. With the dollar, I want to switch to dollar coins.
They’re very durable and have a much greater life span than paper currency. Some stats report that a paper dollar lasts about two years in circulation and a dollar coin lasts about 30 years. The cost per month for the coin is lower thus we’d save money by thinking long-term. Of course, we would have to get used to using coins more often…
I was at Tampa International Airport a couple of weeks ago and was getting a beverage costing $2.67. I hand over the $3 in dollar coins and the cashier is very confused. She asks a co-worker if they can accept this. We both respond, “yes”. She hesitates a bit more and I ask for my change and then she responds with “How much is this?”.
1 responses to “Getting Dollar Coins into Circulation”
-
I have heard this idea going from paper to coin currency many times before. It makes sense. But, I wonder how we would carry the coins. When I get too many coins in my pocket now, I dump them into a piggy bank. With only coin currency, I would have to carry my piggy bank. Or, the makers of wallets would have to change their design to be more like a sack.
Leave a reply
-
Use promo code
RP3DISC50 for $50 off a 1-year or 2-year plan.
RantBully March 5th, 2011 at 20:11