On the chopping block again! posted by VUMC409

[CSJournals-migration]

Just like the penny, the dollar bill is drawing attention on the Hill, again. They both have bull's eyes on them...

 

Browsing CNN this afternoon and found this article.

 

http://money.cnn.com/2012/11/28/news/economy/dollar-coins-bills/index.html?hpt=hp_t2

 

Weigh in please!

 

Happy Holidays everyone.

 

Michael

 

See more journals by VUMC409

[Mr Bo Jingles]

Until the paper dollar is eliminated there will never be enough support for a dollar coin to keep it in production.

[Mokiechan]

Agreed, the 'paper" lobby is strong and the public is generally negative or indifferent. But, I am supremely confident that the public would quickly accept the Dollar coin if/when the paper Dollar is eliminated.

 

Denominations of coins and currency should be:

 

Coinage

Nickel (reduced to cent size)

Dime

Quarter

Dollar

 

Currency

5 Dollar

10 Dollar

20 Dollar

50 Dollar

 

The need for coins/currency is dropping every year, electronic transactions are here to stay.

 

Later,

Malcolm

[Thane]

What, no $100 bill? We should eliminate the nickel as well, there's no need for the mint to lose $.04 on every coin made.

 

Although math does get tricky when $.25 is not a multiple of $.10 ... :-)