Post User Polls

What would you do with a $1 coin?

How many $1 coins have you seen in circulation?

Since the Presidential $1 Coin Program launched in 2007, I have received just one during a commercial transaction. The cashier apologized profusely while passing me a tarnished coin bearing a likeness of John Quincy Adams. She told me she just wanted to get rid of it.

The Presidential $1 Coin Program is the federal government's latest attempt to create a circulating $1 coin. To give the series the best possible chance of success, the authorizing legislation provided numerous measures to increase awareness and remove barriers to circulation. Read the full article.

By Jodi Westrick  |  August 20, 2010; 11:33 AM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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Comments

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I wasn't even aware of the program, until now.

Posted by: m1kem1lls | August 20, 2010 12:02 PM

The dollar coin is too small and easily passes for a quarter when fumbling for change in a pocket.

They should have made it at least the size of a half-dollar coin to be useful. Those aren't even in common circulation anymore, so even that size would be an option (unless 50-cent size is sacrosanct because JFK was put on it starting in 1964).

The quarter has lost so much value, we could use a new coin that can at least buy, say, one item.

Posted by: semitone | August 20, 2010 12:17 PM

You see $1 coins all the time, as change from some vending machines.

And they are also commonly used as $1 chips in casinos, why make $1 chips when you can get them free from the government?

Posted by: frantaylor | August 20, 2010 12:22 PM

I would probably save the first one as memorabilia. Then, I would begin to use the others to determine its benefits and the problems connected with it. After some examination, I would make a decision about its value as a currency to me.

Posted by: johnwilson11 | August 20, 2010 12:26 PM

No country has successfully replaced its one (unit) banknote with a coin unless it simultaneously stopped printing that banknote. Look at the record in the UK or the history of Canada's "Loonie" and "Twonie" coins. The problem is that no U.S. administration from Reagan's on has had the courage to take the public heat of doing away with the dollar bill, no matter how logical and fiscally responsible the change would be from a good government standpoint.

Posted by: greggwiggins | August 20, 2010 12:29 PM

Semitone has a point. From traveling in Canada and Australia, it's obvious to me how convenient not just a $1 but a $2 coin would be for daily life in this country.

Posted by: greggwiggins | August 20, 2010 12:32 PM

The most effective way to increase use of these eminently practical coins is to phase out the indisputably impractical paper single dollar bill, and for good measure the useless penny as well. This is what other countries have done, and it simply makes for us not to do so. But America is very backward compared to many other countries, and the day we rationalize our coins and currency will be the day we actually have high-speed rail service comparable to Europe and East Asia, or in other words - who knows, and as far as all to many of our fellow citizens are concerned - who cares?

Posted by: ttkellyesq | August 20, 2010 12:33 PM

The most effective way to increase use of these eminently practical coins is to phase out the indisputably impractical paper single dollar bill, and for good measure the useless penny as well. This is what other countries have done, and it simply makes no sense for us not to do so. But America is very backward compared to many other countries, and the day we rationalize our coins and currency will be the day we actually have high-speed rail service comparable to Europe and East Asia, or in other words - who knows, and as far as all to many of our fellow citizens are concerned - who cares?

Posted by: ttkellyesq | August 20, 2010 12:36 PM

Stop printing the $1 bill. Print the same number of $2 dollar bills annually as $1 bills were printed annually. Stop minting 1 cent coins(pennies). Mint more $1 coins.

Posted by: davidhoffman1062 | August 20, 2010 12:54 PM

The reality is that in Callifornia I've never even seen one of these coins. Recently I was in the New York metropolitan area and received change from an NJT ticket booth that included these $1 coins. First of these I'd ever encountered. How can these coins ever gain popularity if they're not distributed nation-wide? What's up with that?

Posted by: bhemphill1 | August 20, 2010 12:54 PM

The loose ones I spend because my wife works at the bank and brings me home new rolls to put away with all my other coins I collect.

If they're not new, uncirculated coins, they're only good for buying stuff.

Posted by: r_leever | August 20, 2010 1:00 PM

I save up my $1 coins and $2 bills for when I'm in a really mean mood. Then I spend them in convenience stores and fast-food restaurants. It is truly evil fun to watch the simple-minded clerks try to figure out what to do with them!

Posted by: pmendez | August 20, 2010 1:04 PM

Dollar coins are great for playing poker. They are also great for vending machines - you have to go to Canada and compare the experience vs. trying to get a bill receiver to work to appreciate this.

But the only way the they will gain the widespread acceptance that the looney and twoney have in Canada are if the dollar bill is taken of circulation.

Posted by: virtualchemist | August 20, 2010 1:17 PM

As a Canadian, I both love and loathe the $1 and $2 coins. I hate the weight of the loonies and toonies, and I find that I just toss them into a basket at the end of the day. When I get around to counting a huge pile, I sometimes find I have built up a couple of hundred dollars worth of coins. The convenience of the coins is readily apparent, like when you are paying for bus fare, parking meters or pay for laundry. It was annoying to have to collect $4 in quarters during our recent US vacation to do laundry, while at home, we just would have plugged in two loonies.

The only way the coins worked in Canada was because the Bank of Canada stopped printing the $1 bill, forcing us to use the loonies. When everybody started passing around $2 bills, they killed them too.

After being in the US recently, I have to say I did enjoy not having a bunch of ratty singles in my wallet. I wound up passing them off to the hotel maid every morning.

Posted by: richm2 | August 20, 2010 1:22 PM

They won't stop printing the one-dollar bill because .....

of the evil eye! Yeah, that's it! Annuit coeptis! And the Novus Ordum Seclorum! The New World Order! George Bush won't allow it!

Neither will the Freemasons, the Trilateral commission, and Fox News' black helicopers!

Caribou Barbie! Dr. Laura! 2012!

Yeagh!

Posted by: bs2004 | August 20, 2010 1:32 PM

Okay here is the REAL story.

the US dollars is a big money maker for the US mint. Cost of production is around a nickel (less than the cost to make a $1 bill). The US mint sells them at face value to collectors and banks.

Purchasing the coins is a big money maker for the average person as at one time a person could purchase the dollar coins at face value from the mint (with free shipping)and get credit card reward points. A small cohert of people account for introducing millions of dollar coins into distribution into circulation.

The Fed(?) is the one left holding the bag because after "consumers" purchase the dollar coins from the mint, they deposit them into their local bank which in return deposits them as reserves at the Fed. Eventually, I'd imagine most of these coins will be melted down and everyone benefits (except the fed who incurs a holding cost)

Posted by: fatfreddie | August 20, 2010 1:32 PM

Coins? Who uses cash? I stopped putting coins in my pocket in the morning because I was bring back the same coins in my pocket at the end of the day, day after day. To get the clutter of them off the bureau I deposited them in the bank.

I have to say the dollar coin is a good idea. I had them in Canada. It was no big deal at all. The dollar coin - the Spanish silver dollar - was the basis of the US system of currency.

Posted by: cmckeonjr | August 20, 2010 1:34 PM

I've received exactly one of the presidential series coins in change. I kept it as a curiosity because of the unusual treatment of the "In God We Trust" motto. At first I thought they had omitted it altogether, but realized it was on the edge of the coin. I predicted that the permanently outraged elements of the religious right would go through the roof about that, and sure enough, they did, and the motto was moved to the front of the coin.

Posted by: rashomon | August 20, 2010 1:50 PM

I'm 100% for the $1 coin. However, I think it was poorly designed in it's size when you consider how many $1.00 bills we often end up carrying around. If you look at other countries that have relatively large denomination coins, e.g., Japan, Australia, etc. those coins are smaller and thinner.

Face it, with the way our currency is loosing value we probably should have made a $5 coin at the same time.

I think that major bar to making larger denomination coins in the vending machine industry. They already have a large investment in handling paper currency and it is somewhat harder to detect a counterfeit coin because there is much less detail to compare with a valid coin. A bill has so much detail on the image it is easier to detect a bogus bill.

Posted by: mehrenst1 | August 20, 2010 1:50 PM

I like them. I usually buy $50 rolls whenever I visit my bank.

Problem is, it's hard to spend them. Most small businesses don't want them (or the Jefferson $2 bill, for that matter). Why?
Because their cash registers only have slots for "standard" currency denominations. Handing them an off-standard currency unit makes counting more complicated; the point of their reluctance; that, and because twenty-five $1 coins stuffed in your pocket weigh a ton.

Posted by: hogsmile | August 20, 2010 1:51 PM

An added thought. We should probably discontinue the one cent coin and the five cent coin. Do this and we can get away from all those $x.99 and $x.95 sales.

Posted by: mehrenst1 | August 20, 2010 1:53 PM

i agree with cmc...about not carrying cash and in 20 years probably no one will carry cash.

that said, here is a slogan for the US mint ot get people to use dollar coins.

"Presidential coins, dead Presidents aren't just on paper anymore.(poor grammar intentional) Check out these gentlemen.(showing coins)Use dollar coins to purchase (showing retail scence) Accept dollar coins in return change (showing another retail scene) And look for vending machines, parking meters, and __(?)___ that now accept dollar coins. Listen to the sound of history at your fingertips."

Posted by: fatfreddie | August 20, 2010 1:58 PM

The poll demonstrates people generally are not hoarding the coin but are spending it - when encountered. The comment that quarters are not very useful for purchases is spot on. We need a new coin. No one with any sense would want a dollar coin like grandpa used to hand out, unless your a tailor in the pocket repair business. Just make the current version a bit thicker - that might do the trick. But let's face it, to get the coin in use we need to stop printing singles. Maybe we should use the $2-bill as our base paper unit?

Posted by: DragonFish | August 20, 2010 2:10 PM

They have made the same mistake with the last 4 generations of $1 coins: they are the same freakin size as a quarter. Just change the size of the coin and it'll be useful.

Posted by: tew3x | August 20, 2010 2:11 PM

Years ago, when it was the Susan B. Anthony dollars, I was owed a dollar in change, but the cashier was out of dollar bills. I saw a dollar coin in the cashier's change drawer and said "That's a dollar, I'll take that." The cashier replied, "Really? You'll take that?" I said yes, and the amazed cashier gave it to me. I didn't get to keep it long, though, because I was with an elementary school teacher who hadn't seen one before and wanted to bring it to school to show it to her class. She asked to trade a dollar bill for it, so I never actually got to spend it on anything. That was the one and only time I got a dollar coin in change.

Posted by: ricktd | August 20, 2010 2:23 PM

I must be in the minority -- while I use plastic for bigger purchases, I ask for and spend dollar coins happily. It's much simpler to pull a coin or two out of a pocket than it is to fumble through a wallet for a dirty dollar bill. If you can't feel the difference from a quarter, you've lost your sense of touch. But until all vending machines have dollar slots -- a simple trip lever must be cheaper than a bill reader -- and until NCR supplies cash trays with another section, and until Congress tells BPE to stop printing singles, most Americans will ignore the $1 coin. And while we're on the subject, lets move on with changing the sizes of banknotes, and not just wishy-washy pink tints for color differences.

Posted by: gkruh | August 20, 2010 2:30 PM

They are most useful in vending machines that take $5. I love them and think they are very attractive. I also like the double-take I get when I use them!

Posted by: TedFrier | August 20, 2010 2:35 PM

Didn't know there was one.
If I had some as general currency, yes . . . I would use them.

Posted by: dlcole62 | August 20, 2010 2:40 PM

I never carry coins on my person. I rarely have bills in my wallet. In 2010 I've moved onto a cashless/coinless lifestyle with the use of ATM/Debit cards. The only place I find having coins with me useful is when I need them for a parking meter. And I have yet to see a single parking meter accept a dollar coin.

Posted by: kmp1 | August 20, 2010 2:41 PM

I can tell you from experience that the dollar coin is very popular in Ecuador, which uses American money as its currency.

Posted by: Cosmo4 | August 20, 2010 2:46 PM

I would have liked to us it on a NY City bus, but the farebox doesn't accept the 1 dollar coin. Who was the transportation genius who spec'd those boxes?

So I walked.

Posted by: AnotherVoter | August 20, 2010 2:49 PM

What is an absolute waste of money is for our government to continue to generate new coins with different states and titles. What a waste.

Posted by: kevina2 | August 20, 2010 2:55 PM

This has been a difficult concept for decades, but largely due to human nature.

Our mints should take a look at how the euro works (quite well, by the way).

Bills are not all the same size and color, making it very difficult to turn a $5 into a $50, because the 50-euro note is bigger, not just different. Euro notes are also available in larger denominations than 100, which is also handy for cash-hogs.

Small denominations are all in coin, and clearly differentiated. Coins are cheaper to make and circulate, and they last a lot longer than "folding money".

One day, one can only hope, America will abandon its backwardness of the "traditions" of our currency, and move into the modern age.

Posted by: OldUncleTom | August 20, 2010 3:00 PM

I like the coins. As a frequent traveler to Europe, I find the coins much easier than dollar bills-- than again, I also use a debit card for most of my transactions. To be fair, I also collect coins, so I am partial to them

Posted by: Aimhigh2000 | August 20, 2010 3:01 PM

I hate coins of all kinds. They are heavy and inconvenient. The only reason the penny still exists is because to eliminate it would put a serious dent in the business of the companies that produce it. That is called special interest service. it is well documented that it costs more to mint a penny than it is worth at face value. How does that make sense. Therein also lies the answer to the question of why a $1 coin, or any new or redesigned coin for that matter. The answer of course is that it benefits the coin manufacturers and material suppliers - a substantial industry. The congress would rather spend taxpayer dollars on bad business decisions than to make the obvious choice to save us all a lot of money and make our lives simpler. Just eliminate the damn thing and make 5 cents the smallest portion of a dollar. They've done this in Australia and New Zealand, and it works. Rounding up or down is a simple matter. To be fair, they do have coins in larger denominations, but I still think it is moronic.

Posted by: adrienne_najjar | August 20, 2010 3:02 PM

the only way to get rid of the ridiculous $1 bill and replace it with a more useful coin is to stop printing dollar bills.

While we're at it, stop producing pennies and round to the nearest 5 cents.

Posted by: silencedogoodreturns | August 20, 2010 3:15 PM

Wnat do do something useful with coinage? Here's what you do:

1. Release a half-dollar that's smaller than a quarter but larger than a nickle.

2. Require taxes to be rounded to the nearest tenth of a dollar instead of hundredth of a dollar.

3. End production of the penny and nickle. Replace them with 5 and 10 dollar coins using similar sizes and materials.

4. Allow use of the quarter to atrophy. The changes above will tend to move the economy to 1/10th of a dollar as the smallest unit of currency. This will make quarters useful only in pairs and two large quarters will be more of a nuisance than one small half-dollar.

Posted by: Bill64738 | August 20, 2010 3:26 PM

Sorry to be off subject but with a president like Obama it should be the 1 cent coin !

Posted by: mct1 | August 20, 2010 3:27 PM

Yet another of the wasteful programs Congress continues to inflict on the US taxpayer. Even collectors are dismissive of these mediocre coins.

Posted by: MadJack1 | August 20, 2010 3:27 PM

I agree with some of the previous posts. I found the $1 and $2 coins in Canada very practical and would save taxpayer money. Do away with the penny, the dollar bill and $2 bill.

Posted by: SPress51 | August 20, 2010 3:41 PM

The one dollar coin is destined to fail in terms of public acceptance and usage as long as the one dollar bill is still around. It is no more complicated than that. Plus the dollar coin should be bi-metal and a bit heavier, like similar coins for almost all the other countries that have eliminated the smaller bills (e.g., UK, Canada, Mexico, Euro) -- so the coin looks and feels more substantial and different from the other coins -- to the touch and the eye. Absent this, the current coin will be just a curiosity -- and probably a waste of money -- unless the mint is somehow making money selling it to coin collectors/coin hoarders.

Posted by: slatman224 | August 20, 2010 4:03 PM

Let's face it, $1 coins in this country will NEVER be successful unless persons can easily distinguish $1 coins from all other coins while all coins are IN YOUR POCKET, i.e., by touch, not sight. That works in Britain!

Posted by: the_dobey | August 20, 2010 4:07 PM

I'd probably keep the first one if it was in good condition. Otherwise I'd spend them. With pervasive use of plastic and as long as the $1 bill is around, this probably won't go very far. At this point we probably should look at a $2 or $5 coin to really make a dent in the paper use.

Posted by: blankspace | August 20, 2010 4:10 PM

Why is it that every few years they come out with another dollar coin that is the same size as the quarter? One time they say "Well, this one's different. It has slightly different milled edges." A few years later they say "Well, this one's different. It is a slightly different color." But every time it's still the same size as the quarter. Every time they admit the design was a failure, but every time they come up with a new design that's almost exactly like the last design.

I like dollar coins. But I like dollar coins that look and feel like dollar coins, not just like variations of a quarter.

Posted by: prgeyer | August 20, 2010 4:13 PM

Like others here, I'll note that for a $1 coin to be successful, you have to stop printing the paper version, and that it needs to be easily distinguishable by touch and sight.

I love using Loonies and Twonies when I go to Canada - a bit heavier than paper but more convenient and more durable in the long run.

Posted by: Chasmosaur1 | August 20, 2010 4:13 PM

Here in Ohio few banks get them. i get all of mine when I go to the UP of Michigan or Northwoods of Wisconsin. People use them is daily transactions.

Posted by: johnturkal1 | August 20, 2010 4:16 PM

I've never even seen one yet in circulation.

If I did I'd spend it / get rid of it quickly. This is stupid. If I want a $1 "Presidential" coin,
I'll go buy a proof set and keep it / them in a safe deposit box like I do other coins.

Next

Posted by: daveque | August 20, 2010 4:19 PM

What is an absolute waste of money is for our government to continue to generate new coins with different states and titles. What a waste.

Posted by: kevina2 |August 20, 2010 2:55 PM

Actually, the different coins are a HUGE money maker for the mint. Collectors and average people buy Uncirculated and the Proof coins from the Mint at higher prices.

I agree with a lot of the posters here - at least get rid of the dollar bill and penny.

The U.S. Gov should keep saying to everyone that getting rid of the dollar bill will SAVE TAXPAYERS hundreds of millions of dollars each year. Then just do it!

Posted by: cmecyclist | August 20, 2010 4:20 PM

I have yet to see one in circulation. I really think we should start by phasing out the one dollar bill and strongly promoting the dollar coin. In addition, we should start circulating two dollar bills. It is certainly our most attractive currency, particularly the reverse side. Anyone who has visited Monticello knows that they give change in $2 bills as an homage to Jefferson. It is the one place in the country where you can get them readily. Finally, we should eliminate the penny. Not only is it almost without value anymore, but they actually cost more to produce than their face value. We could eliminate the penny and the dollar bill and replace them with the dollar coin and $2 bill. That way, retail cash registers' change drawers would not have to be modified. As a side note, Canada has had both $1 and $2 coins in circulation for many years. They seem to have adapted quite readily. Of course the Canadians also learned to accept the metric system on measurement about 40 years ago. That's something we were well on our way to until the Reagan Administration put a stop to it. Probably didn't understand it. Another thing we can thank Ron for.

Posted by: topperale | August 20, 2010 4:41 PM

I strongly echo the sentiments of previous posters regarding the size of the coin and its resulting virtual indistinguishability from the quarter. For that reason - essentially, frustration at confusing the two in a coin purse - I have recirculated, via spending, ASAP, the few dollar coins I have received in change.

But I take what - judging from the previous posts - is a minority position concerning the dollar coin vs. dollar bill issue. I find it far more convenient and comfortable (in terms of weight & bulk) to carry bills than coins, and I make it a point to off-load coin change whenever I can. So I, for one, am happy that the government is still printing small bills, and I hope it will do so for the foreseeable future.

Posted by: nan_lynn | August 20, 2010 5:00 PM

I love the dollar coin. I will buy them by the roll and use them. I do not understand how people cannot tell them from a quarter. They feel nothing alike.

Our money needs a total makeover. Our bills are able to be counterfeited within minutes of the new "counterfeit proof bill" is released. And these quickly released counterfeits are so good they fool the pros.

And there is more to collecting coins than just getting proofs. Children love to hunt out different coins and save them. Hmmm...children saving money - good thing. Children learning counting and history - good thing. Remembering where/how they got the "collected" coin - also a good thing. Life is not all about profit and many collect coins for the sheer fun of it.

Posted by: skramsv | August 20, 2010 5:00 PM

Most of the time I get a few back as change when updating my Metro farecard. Would be more likely to save one if they were the size of the old silver dollar or JFK half dollar.

Posted by: snake_taylor | August 20, 2010 5:15 PM


What the hell happened to Sacawega

Posted by: screwjob20 | August 20, 2010 5:38 PM

Wait, people still use cash?

Posted by: JoeBrones | August 20, 2010 6:15 PM

Sorry to be off subject but with a president like Obama it should be the 1 cent coin !

Posted by: mct1 | August 20, 2010 3:27 PM

Don't apologize for being off topic. Apologize for being stupid, predictable and having a lame sense of humor.

The coin is what the tooth fairy brings. It works great for that.

Posted by: mack1 | August 20, 2010 6:53 PM

Having recently spent several weeks in Mexico, $1 and $2 coins would be great. Ditch the penny (sorry Abe) while you are at it too. Although for it to work, you MUST stop printing and distributing paper money! It's easy to plop down a couple pieces of paper, but when having to deal with mostly coins, you catch on pretty quick.

Posted by: mizzoudevil | August 20, 2010 6:57 PM

In Europe, Canada and many other countries and parts of the world one and two dollar coins are used regularly by everyone. The problem here in the US is the US Treasury will not get rid of the paper dollar which is more costly to produce; and the Treasury has a faulty distribution system which sends the coins only to certain banks. If the coins were sent to banks in place of every request for paper dollars they would get into general circulation and become common use the same as in other countries. So the failure of the coins to catch on lays squarely with the Treasury and Federal Reserve who have the wrong idea about how to make it work.

I collect the coins and so have quite a number of them. And those who say they would be confused with a quarter are wrong. They are a different size and color and the only way one would confuse them is if they just did not pay attention.

Posted by: erwesby | August 20, 2010 6:57 PM

How about switching to a "new dollar," so that 10 of today's dollars would = a new dollar.

Better yet, make 100 of today's dollar equal to a new dollar, which would restore the dollar to something akin to its value circa 1900.

Then we could issue a new series of coinage that actually had some value, say in silver, rather than the slugs that now circulate.

Once the dollar were revalued, the public could once again grasp the enormity of public finances. As it is, the dollar is now merely a mostly worthless accounting gimmick.

Posted by: JohnF1 | August 20, 2010 7:00 PM

I've only ever received $1 coins at metro stops, both here in DC and in Chicago. But I would LOVE for these to go into regular use and to get rid of the dollar bills.

And while we're at it... kill the damn penny already!

The money this country wastes on producing currency is shameful and helps almost no one (zinc producers, I guess, are the exception?).

Fixing the currency issue would be a simple, painless way to cut a tiny bit of spending, and we can't even manage to get our act together on that... sad.

Posted by: mlflint | August 20, 2010 7:24 PM

The dollar bill is lighter and more convenient for consumers. The dollar coin is cheaper and more convenient for government.

Taxpayers and voters are also consumers and they are concerned about their own convenience and the cost of government.

The real question is if we switch to dollar coins, will the savings be passed on to taxpayers and consumers. That answer is very obvious, and that is why taxpayers have clearly voted with their wallets (and not their pocket change).

Posted by: Delongl | August 20, 2010 11:39 PM

One reason the repeated attempts to introduce dollar coins in the last few decades(Susan B. Anthony, Sacajaweya, Presidential series etc.) have not caught on: too many Americans remember the real silver dollar which was large, heavy and contained real silver. As a kid I saw these in the 1950's (when a dollar bill was a silver certificate, redeemable for a silver dollar, not a Federal Reserve note).
By contrast, all the more recent dollar coins look like play money. The dollar bill looks almost the same.
Of course a dollar is worth a fraction of its value then, but these new coins rub that fact in our face. As the memory of the siver dollar fades, maybe the new coins will gain acceptance.

Posted by: jbcr | August 21, 2010 12:33 AM

I have many of the dollar coins plus many silver dollars and hang onto them. Why? Silver dollars because they feel so solid, giving me a feeling that they are actually worth something. The other dollar coins? When they came out, I went to the bank and got about $5 worth of each one just to have them.

Silly - yes - but like my $2 bills, I know I will never be flat broke as long as I have the dollar coins.

Posted by: Utahreb | August 21, 2010 8:12 AM

I've always liked having a substantial amount of money in my pocket in the form of coins while in foreign countries. Something costs the equivalent of a couple bucks? just dig into your pocket and pull out that $2 coin or maybe a couple of 'em and pay the bill. The way the US works, you have to pull out your wallet, then play a meaningless math recogition game with the change in your pocket.

Posted by: jhtlag1 | August 21, 2010 9:48 AM

Go to your nearest New jersey or New York train station ticket vending machine and get as many dollars as you want ....it just sucks to carry so much metal around

Posted by: reddy531 | August 21, 2010 10:36 AM

They're more convenient than dollar bills; reach into the pocket and grab a few, instead of fumbling with the wallet.

Posted by: raschumacher | August 21, 2010 12:03 PM

Perhaps if the mint/government created a truly beautiful coin it might encourage people to want to use them. What I have seen of the $1 coin is that is not much bigger than a quarter and easily confused with one, it is also very ordinary looking. Although its spending value is diminished, the dollar bill still looks substantial and looks as though it belongs in the company of bills of higher denomination. RE-DESIGN IT!

Posted by: 85edwardearthlinknet | August 21, 2010 12:46 PM

I'd use them if I got them more often. And it's good for the country - if we used them instead of bills, we could save half a billion dollars a year. That ain't chump change.

Posted by: ravensfan20008 | August 21, 2010 2:17 PM

Yet another of the wasteful programs Congress continues to inflict on the US taxpayer. Even collectors are dismissive of these mediocre coins.
_________________________________________________

Actually its an effort to save money in the long run. Coins have a much longer useful life than paper currency. As the paper dollars are replaced with coins, the Mint shouldn't have to manufacture as much currency.

Posted by: BurtReynolds | August 21, 2010 4:28 PM

Most other advanced economies have already ditched their small-denomination bills in favor of coins. America is way behind the rest of the rich world in this regard.

In general, countries where you get a bunch of nasty, ratty, low-value bills back as change are countries that the US does not usually compare itself to.

Posted by: kcx7 | August 21, 2010 5:44 PM

Refuse to take it.

Posted by: thrifty | August 21, 2010 9:35 PM

If you work at a cash register you know that there is no slot for the dollar coin. Vending machines tried but now they don't use them. The only place to get rid of that wretched coin is to go to Coinstar. The American public is very stubborn when it comes to the money they use. The dollar coin may save money by lasting longer but PEOPLE DO NOT LIKE IT.

Posted by: bobbo2 | August 21, 2010 10:46 PM

If I got one $1 coin, I'd keep it.
If I got two $1 coins, I'd give one away.
If we all stopped acting weird about $1 coins and circulated and used them habitually, then I would spend them! And, taxpayers would save money because they last years longer than $1 bills.
While we're at it, let's get rid of pennies - they cost more to make than they're worth and we all hate to deal with them!

Posted by: scarroll1 | August 25, 2010 7:28 AM

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