All of these are still valid $1 coins in the U.S. The kitchen light makes them all look gold in color but the Eisenhower and Anthony dollars are, in fact, silver colored.I had just about forgotten that the U.S. Treasury had begun a new series of $1 coins when I received in change two new Jefferson dollar coins today. They came from a municipal parking garage which is probably the only place in Sacramento where you would get dollar coins in change. What amazes me is how the Treasury continues to mint $1 coins and can't seem to figure out why they aren't accepted. My understanding is that every country that has tried to replace a paper bill with a coin has only been successful when they've withdrawn the bill from circulation, in effect forcing the change.
Looking back on my childhood, it seems like a $20 bill back then was as rare as a $100 bill now so I would propose that we move everything down a notch in cash registers and usage. Eliminate the penny and round everything to 5 cent increments. Eliminate the $1 bill and bring back the $500 bill. Everything would still have a place in cash registers and the only change necessary would be to modify vending machines to take a $1 coin. If there are any penny vending machines, they would have to be upgraded as well.
What do you think?
Actually, I favor introducing a 50 cent bill. We really don't waste enough paper.
ReplyDeleteIt wouldn't bother me. Japan only had bills starting at the equivalent of $10. And the one yen pieces are made of tin or something to keep them cheap.
ReplyDeletePhilip