I agreeto Idea Get rid of $1 bill, just have coins, SAVE BILLIONS, $5.5 of them
Voting is Disabled

58 votes

Rank222

Idea#2571

This idea is active.
Ideas to Make Other Parts of Government More Efficient and Effective »

Get rid of $1 bill, just have coins, SAVE BILLIONS, $5.5 of them

I agree to have my idea, not my name or information, posted online.:
Yes

The $1 bill cost more than a dollar to produce. It is time we replace it with coins like they have done in Europe. They last longer and are cheaper to make.

Tags:

Submitted by Community Member 2 years ago

Vote Activity Show

(latest 20 votes)

Similar Ideas Show

Comments (9)

  1. Community Member

    The coin is cheaper only because of seigniorage - The Federal Pays the mint $1 for each $1 dollar coin. The Federal Reserve pays less than 2 cents for a dollar note. The difference in costs is passed onto member banks which pass the costs onto the consumer. In effect, this is a hidden tax. Even with seigniorage, it will take ten years before going to the coin became cash positive. Dollar bills are made from recycled blue jeans and linen - much more environmentally friendly than coins.

    2 years ago
    0
  2. Community Member Idea Submitter

    Some facts to consider here ---> http://www.spencerdailyreporter.com/story/1711945.html

    Saves 5.5 billion over 20 years

    2 years ago
    0
  3. Community Member

    Bring back the $2.00 bill. We used them in Germany in the 1980s. If you keep producing them, people will use them. They don't because folks figure the Fed will give up and stop producing them.

    2 years ago
    0
  4. Community Member

    Wow, 28 ideas in 10 days, you are a machine! Maybe instead of working for the federal government you should run for elected office and get some things done! You have a lot of ideas pent up in your head. I would have never thought of making tele work mandatory or passing immigration reform to get the government on track to being efficient. Awesome thanks for the ideas, keep em coming.

    2 years ago
    0
  5. Community Member Idea Submitter

    If something comes to mind I add it. Some are more commentary and several are ideas I submitted from last year. The key here is peer review - if it is good it can rise up and may get attention.

    2 years ago
    0
  6. Community Member

    If they bring back dollars coins, I hope they make them bigger than the quarter.

    2 years ago
    0
  7. Community Member

    Everybody ditches dollar coins now as fast as they get them; this will never work. The coins are too heavy and cumbersome.

    2 years ago
    0
  8. Community Member

    Maybe they could make a 99 cent coin, cuz you know a lot of prices end in "and 99 cents". But then of course their is also tax.

    2 years ago
    0
  9. Community Member

    The government has tried dollar coins over and over. American's just don't want them. I remember being overseas and hating how heavy my bag was because of the dollar coins. Of course I always forgot I could use them because I wasn't used to dollars being coins...

    2 years ago
    0