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Eliminating $1 Bills Could Save Billions - Is It Worth It?

Friday, March 25, 2011 - 6:29 AM
From Yahoo! Finance
the U.S. Government Accountability Office issued a formal proposal to the Treasury and Federal Reserve noting that if it eliminated the $1 bill and replaced it with the $1 coin, the country could save roughly $5.5 billion during the next 30 years.
[...]
Unfortunately, as the GAO notes, there is one problem with the plan: When given a choice between dollar coins and dollar bills, Americans always choose bills.

They could also save money by ending their attempts to increase the demand of dollar coins by advertising and by paying for free shipment for buying dollar coins. Bills are just easier to handle and carry.
3
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Friday, March 25, 2011 - 10:12 AM
NOT GOOD for the ****y bars.     

 

will not happen
4
diamondxdiamondx72 posts since
Jan 19, 2011
Rep Points: 170
2. Friday, March 25, 2011 - 11:25 AM
Would be good if the US finally get with it like most other countries (incl., e.g., Canada). Heck, in Switzerland they even have a 5 franc coin, which these days is worth almost $6 - and I think most everybody agrees that the Swiss know something about money;-)
1
darkdreamer4udarkdreamer4u178 posts since
Jun 11, 2010
Rep Points: 638
3. Friday, March 25, 2011 - 3:23 PM
#1 diamondx  One of the things I like about this blog is that while readers may not always agree with the opinions or comments, they make the effort to express themselves politely.  Vulgarity has no place here.  Please keep your comments G-rated.  Thanks
5
Anon1234Anon123412 posts since
Dec 14, 2010
Rep Points: 64
4. Friday, March 25, 2011 - 8:58 PM
Don't ya just wanna jackslap some of the phukin dip****s who post here ?
1
diamondxdiamondx72 posts since
Jan 19, 2011
Rep Points: 170
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