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Old 08-18-2007, 03:03 PM
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Jim - Pittsburgh, PA is on a distinguished road
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Do you think the dollar bill will ever be implemented to a dollar coin?
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Old 08-18-2007, 04:01 PM
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bls1177 is on a distinguished road
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yes, as the buying power of the dollar diminishes, and if the mint stops printing the bill
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Old 08-18-2007, 09:46 PM
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caba is on a distinguished road
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Well living here in Canada we have loonies and toonies that were once in bill forms an now they no longer exist so I am sure it will become one day, metal last a lot longer then paper :O}
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Old 08-19-2007, 09:01 AM
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It probably will , because it lasts a lot longer than paper bills, so is cheaper to produce. Some countries, such as Canada went to the dollar coin, years ago.
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Old 08-19-2007, 09:15 PM
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jacthedog is on a distinguished road
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No. All hard currency will disappear as more and more POS transactions occur in the form of cards and passes.It's the age of electronic transactions.
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Old 08-19-2007, 09:41 PM
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Yes, if the vending machine industry sets up for it. Now that most drinks are over $1, the coin slot is cheaper and easier than trying to get the wrinkles out of the d****** paper bills!
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Old 08-19-2007, 09:45 PM
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I highly doubt it will in our lifetime. We in the US just don't like one dollar coins mixing in with our spare change. They are fun when they release the occasional one dollar coin for a breif period, but I dont think they will ever catch on.
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Old 08-19-2007, 11:20 PM
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Well, considering that the recent trend is more toward smart cards and not to coins, the 1 Dollar coins might not be implemented in mass, at least not for the long term.However, due the current financial situation, it might make more sense if the USA printed and/or minted money in the following way:The 1 US Dollar denomination replacing the 1 US Cent denomination.The 100 US Dollar denomination replacing the 1 US Dollar denomination.So imagine handing out a 100 US Dollars bill like it was a 1 US Dollar bill, and there's no cents involved since they are no longer existed.But considering that quarter (25 US Cents) coins are still in regular use, it might not be best to implement it, at least not right now.Currency revaluation on the other hand might be another alternative.
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Old 08-20-2007, 03:38 AM
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I hope not. It would really suck though if it did because I hate carrying change.
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Old 08-20-2007, 10:07 AM
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It should be. Most other countries have $1 and $2 coins. They fit much better in vending machines.
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