quote:

Originally posted by RogueJSK:

quote:

Originally posted by preten2b:
Further, I think we should mint $1 coins and reduce or eventually do away with that paper denomination.

They tried that in 2000, with the introduction of those gold-colored dollar coins. The hope was that it would catch on and reduce the reliance on paper dollar bills.

It went over like a fart in church. Wildly unpopular, both with citizens as well as with merchants. (Especially vending machine companies that were faced with having to shell out money to refit all their machines to accept these new coins.)

It lasted barely a decade before they stopped minting them in 2011. They're still legal tender, but how often do you see these dollar coins being used nowadays, just 14 years later? Basically never.

quote:

Originally posted by whanson_wi:
We round an amount smaller than a penny every time we buy gas, and nobody seems alarmed by it.