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Will You Use the New Dollar Coin?
Fri, 18 May 2007
Whatever the motivation behind the issuing of the The Presidential $1 Coin Program, the question remains: will people use them? Various denominations of coins and currency have been issued over the years, but they always have varying degrees of success. Here's what people are having to say about it over at Palo Alto Online:
We now have another attempt at getting us to use dollar coins instead of bills. Will we do it. I doubt it unless we are forced to.
I remember in Britain when the first Pound coins came out, no one liked them for a variety of reasons (the same as here). Then, all the vending machines started taking them and we needed to have them for buying rail tickets, parking permits, etc. as well as for food and beverage machines. Up until this time the vending machines only took coins, not paper money. Suddenly, it was much easier to use coins in bigger denomination instead of loads of small coins and everyone started liking them. read more...