Jushiro wrote:
All I got out of this thread is:
$1 bills are silly
"We have tried every major idea that we can come up with, with limited success," US Mint Director Edmund Moy told a congressional panel last month.
US officials say a peculiar set of factors have hindered public acceptance of the $1 coin.
"Americans are creatures of habit," Mr Moy told Congress. "They are very used to using the bill. They're not used to using coins in regular retail transactions."
The US Mint has also identified an economic "awkward moment" in retail transactions involving the $1 coin. The buyer is afraid the cashier will reject the coin and cashiers are afraid buyers won't accept them in change, so both are disinclined to try.
Mint and Fed officials have also identified a vicious cycle.
Retailers will not stock the coins because they do not see consumers using them, while consumers will not use the coins because retailers do not stock them.
Most awesome coin ever. I loved collecting them as a kid.
(for those who have never seen one, they measure 3.8cm in diameter. they are large and heavy and therefore somewhat impractical, but very awesome looking).
