Friday, March 16, 2007

Dollar Bills vs. Dollar Coins

Similar to the State Quarters, new President Dollars are going to be printed and yes, they will be coins. This article is an interesting take on how the dollar bill should be eliminated in favor of dollar coins like most other countries have. The cost savings for dollar coins is much higher than for dollar bills, since the average dollar bill only lasts 22 months yet the dollar coin lasts 30 years. The article points out that someone just needs to step up in accepting them. It's so true. I almost always use dollar coins to pay turnpike tolls and they always act like it's foreign money. The author's solution is to simply stop printing dollar bills and everyone will have to use dollar coins. It seems easy enough. (via)

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