Officials with the Government Accountability Office have completed a report that the Government could save $4.4 billion over the next 30 years by doing away with dollar bills, and replacing them with $1 coins instead
In Canada several years ago, the $1 and $2 bills were replaced by ‘Loonies’ and ‘Toonies’. The penny was recently removed from the currency altogether, because the metal cost the Government more than the worth of the penny.
Do you think it’s a good idea to replace the dollar bill with a coin?
It would be a little awkward to have 10 coins in your pocket as opposed to 10 bills in your wallet.
noway not cool bro
Been there, done that. They tried the Susan B. Anthony dollar and the gold presidential dollar coins. Neither was successful.
I only use the coins in the toll booths and I don’t shlep them around with me, I keep them in the car.
Yes they did try those coins, but they did not take the dollar bill out of circulation at the same time.
We’re one of few countries to have paper bills in such a low denomination. Do they have 5 shekel bills in Israel? Of course not.
they should totally do that.
i used to ;ive in a country were they had that..was so convenient…
Who cares what Israel has ? This is America,there is a place for both types of money,coin and paper.
Hi. I thinlk they should keep the dollar bill. Once they change it to a coin they will start with the $5 And $10 before you know it. Not only that what will the people do that use the williamsburg bus in brooklyn do. it actualy takes $1 bills unlike the city buses that takes only coins and metro cards.
This is what they do in england…its so practical!!!
aint walking around with more coins in my pocket!!!
If it saves this much money why are they even debating it?
Yeah, bring the loonie to the USA!
It was tried already.
Congress passed the PRESIDENTIAL $1 COIN ACT OF 2005. You can google for more info. It failed for two reasons. The first one being the primary reason.
1. As # 5 mentioned it would be impossible to implement without gradually pulling the bills out of the economy thus forcing people to use the coins.
2. For those who are aware of the dansdeals phenomena.The millions of coins that were deposited at banks were sent right back to the mint.
It was an expensive program that was poorly implemented and is just another example of our government’s inability to execute efficiently and their gross incompetence in spending taxpayer money.
This and another savings of a gazzillion dollars will wipe away the national debt!
I’m not sure I understand why this is better. Aren’t coins more inconvenient to carry around? Could someone explain the benefit of having a $1 coin?
we are 16 trillion dollars in debt and this is what people are worried about REALLY!!!!!!! if they keep spending our tax dollars liat the rate we wont have to worry because we will be BANKRUPT!!!!!
Typical liberal democrats ruining our country
To #16. “Could someone explain the benefit of having a $1 coin?” They say that making a coin is cheaper than paper bill so it will save them money. Thats why i say it is a bad ide as once they do the $1 the will eventualy do the same to the $5 and $10 regardless if it is inconvenient to carry around. they wont be selling wallets anymore they will be selling change purses. get it while they are cheap.
With inflation soon they will have to do away with all the current bills and make $500 and $1000 dominations.
good morning america! just bc it;s something ur not USED to doesn’t mean it’s not smart and that it won’t grow on u….if it’ll save the country $ (which they say it will) then just go for it- and quit ur whining! Canadians have made the switch 20 yrs ago and everyone’s just fine…and no, it doesn’t get heavy! if u have 5 dollar coins in ur pocket, just exchage it for a 5 dollar bill-
The whole idea is “loonie”
to # 14
very well written! you laid it out great and what your saying is 100 percent true.
anyone care to disagree????
It also saves the government money because coins are minted once and last much longet than bills which meed to be rwplaced more often
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