See related suggested listed below for more info. US dollar coins are being stored. They are not circulating. Dollar coins are cheaper in the long run than paper one dollar bills. Have the PX, BX, comissary, Marine exchange, clubs in the Morale and Welfare system, etc. Start each day with a specifiec minimum of dollar coins in their "bank", "drawer", "tray" or what ever the enterprise calls the money availalbe... more »
Stop production on the U.S. Dollar Bill. Instead switch to using the U.S. Dollar Coin. Coins last significantly longer. In other countries, coins are used instead of the equivalent dollar amount.
Some of the benefits of doing this are: No more confusion between a quarter and a golden dollar. This means that one area of resistance to use the dollar coin is eliminated. Dollar coins have lower life cycle costs than paper one dollar bills. It takes care of a major issue in trying to eliminate the 5 cent coin. (You could make the 5 cent coin form something other than nickel but it would have to get a new nick... more »
The US has a lot of dollar coins in storage. Moslty at Federal Reserve Banks and Leased Space. Change the payment section of the contracts to allow payment in Coins. This would require either an address where the coins will be delivered or and andress where the coins can be picked up by the contrator. By using these coins, which have been minted allready, the government would not have to borrow that money, A payment... more »
This probably needs legislation to make work. Stop printing the ones until the stock plie of dollar coins that the Federela REserve is storiing goes down, to the point the quantity is "normal" inventory. Then restart printing of the dollar bill if you must. Just stopping the presidential dolla coin program is not going to do anything for the coins in storage right now. And I have often asked for dollar coins or... more »
Stop printing the ones until the stock plie of coins goes down, to the point the stockpile is "normal" inventory. Then restart printing of the dollar bill if you must. Just stopping the presidential coin program is not going to do anything for the coins in storage right now. And I have often asked for dollar coins or half dollars a the bank and they say they dont have any. They can't circualte if you can;t get them.... more »
The Presidential Dollar Coin act had the hopes of saving money by a swtich to coins instead of paper. Minting a Coin is cost offection over printing dollar bills. But "bad money drives out good", and so the dollar coins are little used. so here's the suggestion. Each of the 12 regional Federal Reserve Banks is permitted to issue up to 300,000,000 one dollar Federal Reserve Notes each calendar year. AND/OR Each... more »
The United States Treasury will have approximately $2 billion dollars worth of dollar coins in storage. Storing these dollar coins costs money. Storing these coins securely costs the government a lot of money. My plan is to give Federal employees a small optional pay raise. Employees recieving this raise would have to A. take some portion of their salary (<0.5%) in the form of dollar coins and B. agree to spend the... more »
The dollar coin is useless because, by touch, it is indistinguishable from a quarter. The British Pound is a useful coin because it's a convenient unit AND easy to find in your pocket. Changing the weight and size would allow continuance of the coin production, but put useable dollars into circulation. The easier it is to spend a dollar, the faster this recovery will be.