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Is it time for the US to ditch the dollar bill?

coondoggie (973519) writes | about 2 years ago

Government 5

coondoggie writes "It seems well past time that the US ditch its $1 bill, considering such a move could save the country somewhere in the neighborhood of $4 billion. But there is much resistance or perhaps a lack of real consideration of the issue from most people. Watchdogs at the Government Accountability Office this week testified before a Congressional hearing on the topic said dollar coins could save $4.4 billion over 30 years, or an average of about $146 million per year."
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Dollar coins rock! (1)

skade88 (1750548) | about 2 years ago | (#42142603)

I love dollar coins. I say bring em on. They look nice and they wont be rejected by the candy machine in my office after my money accidently gets washed with my jeans...

Re:Dollar coins rock! (1)

Stickybombs (1805046) | about 2 years ago | (#42143301)

I'm the opposite. I hate carrying around coins. I would rather have a small stack of bills in my wallet than a pocketful of coins, since I have to have the wallet anyway for license, credit card, etc.

Re:Dollar coins rock! (1)

skade88 (1750548) | about 2 years ago | (#42143357)

How much would we save if we just made all money digital?

Canada leads the way (1)

Capt.DrumkenBum (1173011) | about 2 years ago | (#42144761)

Canada has had a dollar coin for many years. I thought when it was brought out that no one would use it, I for one hated it at first. But the banks were instructed to remove the bills from circulation, and very quickly I, and everyone else, got used to the coins.
Now I like the dollar coin. It is kind of nice to be able to reach into your pocket and pay for lunch with coins. Also handy for paying for parking.

Re:Canada leads the way (1)

naught101 (1072288) | about 2 years ago | (#42152075)

Australia has had $1 and $2 coins for decades. We have even had special-edition $5 coins. Small notes are a waste of time.
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