With the advent of the golden dollar, what is the point of still printing a paper dollar bill? Folks need to be encouraged to use the golden dollar coins and the best way to encourage use is to make it the only game in town. In addition, folks are prone to saving coins (usually in a jar in their house) and may save more money in the form of dollar coins purely out of habit of emptying their coins into that jar.
Department of the Treasury
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 »
Because we have always done it that way... For the $2B+ in dollar coins to take traction, eliminate the paper one dollar bill. Save one dollar bill printing and disposal costs, etc. Save coin storage and handling costs: $650,00 for new storage, $3M for armored truck contractors, $1.4M for pallets and bldg removations, etc. Let's pay down the debt and this is one painless way idea that will help.