One of things that I think would help with adoption of the coin is by having a focused campaign in few specific cities to encourage adoption, and build up a critical mass of users.
A perfect example would be the Washington, DC metro area. Focus on the banks and major retailers in the region, to get them all a supply of the coins, have the post office and public transit agencies replace all the dollar bills with coins, etc. I know they have tried some of this in the past, but it has been spread across the country. We need to make it convenient and common to use the coins.
Secondly, I think this administration should try some "market-based" initiatives. For example, try a program of auctioning lots of coins in $100,000 increments, specifically marketing to organizations (retailers) in the selected regions. So if Target buys $100,000 in dollar coins for $97,000 they will want to turns around and dump them on the public ASAP. Larger commercial concerns would be almost duty-bound to buy these in order to maximize profits.
Getting people to use the coins will save the government / us money - so investing in promoting their use is the right thing to do - but focus the efforts in a few small areas to start.
I have to say I think this is an awful idea. We should be moving away from using coins in our money.
Instead we should be focusing our time, energy and money in figuring out creative new ways to pay for things (like embedding a chip in our cell phones, or car keys, or something we are taking around with us at all times). The $1 coin seems to add no value to our society, with the exception maybe being public transportation.
In view of a newly minted one dollar coin, I say coin collectors are excited but the general public would find the coin annoying, change today is of yesteryear, as we continue to progress in our ever expanding market the medium of exchange must be quick and easy to use. Even today when change is being dispersed for a purchase the teller has a difficult time figuring out the disbursement be it quarters, nickels or dimes oh and we still have a few half dollars out there. The time consuming effort has a play on the purchasing power, today people like the fast and easy swipe of the card or the ever growing Internet door to door product. Another dollar coin, the USA must be circulating the mineral for a reason, and I do not believe it to be for the general public use of a one dollar coin.
I think we should follow the Canadian model and mint $1 and $2 coins. Once you get used to it, it makes life easier. Especially w/re vending machines... no more trying to get the bill reader to read that crinkled up faded dollar.
"We tried it before. It didn't fly."
despite older than I, he seems to not know very much about history.
The dollar coin was extremely popular, i know as a child i loved the big coins.
The problem came, when we decided to try many times to make one the size of a quarter
and when the public complained it was too much the same size of a quarter, they changed it's color.
Someone has to explain to the mint that color and size are two different things. People want a dollar coin to feel like a dollar coin. I despise the dollar coin now, itry to get rid of it as quickly as possible less i accidentally spend it as a quarter.
Bah make it big and people will collect it. Hint you should be able to hurt someone by throwing it at them.
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