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can you believe these guys...
U.S. Gov't to Release New Dollar Coins
Sunday February 11, 7:13 am ET
By Will Lester, Associated Press Writer
U.S. Gov't Bets Fickle Public Will Warm to New Version of Dollar Coin Featuring Presidents
WASHINGTON (AP) -- Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. But maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.
An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin.
"I really don't see any use for it," Larry Ashbaugh, a retiree from Bristolville, Ohio, said of the dollar coin. "We tried it before. It didn't fly."
http://biz.yahoo.com/ap/070211/money_ap_poll.html?.v=3
of course it didn't fly! every other country on the planet that EVER replaced a paper denomination with a coin was smart enough to REMOVE THE PAPER FROM CIRCULATION. of course given a choice everyone is going to stick with what they're used to using, and paper is more convenient. this coin is once again doomed and we'll go on wasting hundreds of millions a year printing paper.
here's to the u.s. mint... dumber than a friggin' bag of hammers!
U.S. Gov't to Release New Dollar Coins
Sunday February 11, 7:13 am ET
By Will Lester, Associated Press Writer
U.S. Gov't Bets Fickle Public Will Warm to New Version of Dollar Coin Featuring Presidents
WASHINGTON (AP) -- Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. But maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.
An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin.
"I really don't see any use for it," Larry Ashbaugh, a retiree from Bristolville, Ohio, said of the dollar coin. "We tried it before. It didn't fly."
http://biz.yahoo.com/ap/070211/money_ap_poll.html?.v=3
of course it didn't fly! every other country on the planet that EVER replaced a paper denomination with a coin was smart enough to REMOVE THE PAPER FROM CIRCULATION. of course given a choice everyone is going to stick with what they're used to using, and paper is more convenient. this coin is once again doomed and we'll go on wasting hundreds of millions a year printing paper.
here's to the u.s. mint... dumber than a friggin' bag of hammers!