I find news of our coin industry both fascinating and giggle worthy. Fascinating because I can understand why people prefer carrying lighter bills instead of heavier coins. Yet we not only keep producing $1 coins, but we spend gobs of money storing and promoting them in the meantime. On the flip side I can see why the treasury would rather mint than print.
Giggle worthy because otherwise I think I would cry. Seriously? You've spent HOW MUCH on promoting the use of $1 coins? That's our tax dollars at work yet again.
Continuously introducing new $1 coins gives them a feel of unofficial tender. That's kind of the way I felt (despite it being a trite feeling, I know) when the Sacajawea dollar came out. It was gold instead of silver, it wouldn't be accepted by vending machines, and it seemed more like a collector's piece. Granted, I'm glad they did the minting in general and the prestige it has given to Sacagawea, but having all these different kinds of coins running around is probably throwing our small American minds for a loop.
Giggle worthy because otherwise I think I would cry. Seriously? You've spent HOW MUCH on promoting the use of $1 coins? That's our tax dollars at work yet again.
Continuously introducing new $1 coins gives them a feel of unofficial tender. That's kind of the way I felt (despite it being a trite feeling, I know) when the Sacajawea dollar came out. It was gold instead of silver, it wouldn't be accepted by vending machines, and it seemed more like a collector's piece. Granted, I'm glad they did the minting in general and the prestige it has given to Sacagawea, but having all these different kinds of coins running around is probably throwing our small American minds for a loop.