Jump to content

christian forums

Worthy Christian Forums - Christian Forums

Welcome to Worthy Christian Forums
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!
Photo

Kill bill? US says dollar coins would save $4.4B


This topic has been archived. This means that you cannot reply to this topic.
4 replies to this topic

Poll: Dollar or Coin? (6 member(s) have cast votes)

Do you prefer the dollar bill or the dollar coin?

  1. I prefer the dollar bill (1 votes [16.67%] - View)

    Percentage of vote: 16.67%

  2. I prefer the dollar coin (1 votes [16.67%] - View)

    Percentage of vote: 16.67%

  3. It doesn't matter (4 votes [66.67%] - View)

    Percentage of vote: 66.67%

  4. I would have loved to win the Powerball lol!!!! (0 votes [0.00%])

    Percentage of vote: 0.00%

Vote Guests cannot vote

#1
Waiting2BwithHim

Waiting2BwithHim

    Advanced Member

  • Advanced Member
  • PipPipPip
  • 404 posts
Congress has gone back and forth so many times about the fate of the $1 coin, it might as well just flip one to decide.
At a hearing of a House Financial Services subcommittee Thursday, lawmakers again pondered the question of phasing out the greenback and replacing it with a dollar coin — even though $1.4 billion one-dollar coins are now piled up in Federal Reserve vaults because no one likes using them.
In its testimony, the Government Accountability Office estimated that the federal government would save about $4.4 billion over 30 years by switching to dollar coins. It reiterated an earlier recommendation that the United States phase out the dollar bill over a four-year transition period.
The underwater economics of minting pennies is well-known: It costs about two and a half cents to mint a cent, primarily due to the cost of the copper and zinc that go into each coin. But dollar coins don’t cost more to produce than they’re worth, and they last about 30 years, versus less than five years for a dollar bill.

http://www.nbcnews.c...-4-4b-1C7350149

#2
Waiting2BwithHim

Waiting2BwithHim

    Advanced Member

  • Advanced Member
  • PipPipPip
  • 404 posts
I prefer the dollar coin mostly because the dollar bill of any denomination a lot of times stick together.
This situation has happened to me twice yesterday and convinces me more for the coin over the dollar.

If it saves mony by billions of dollars wouldn't it be more smart to have the coin then?

#3
Oh Hamburgers!

Oh Hamburgers!

    Royal Member

  • Seeker
  • PipPipPipPipPipPip
  • 2,560 posts
I'd be fine with either. I've also heard that doing away with the penny and the nickel would also save a bunch of money, since they cost more to make than they're worth so we lose money every time we make them. If these things save money, I'd be fine with any of those.

#4
Tinky

Tinky

    Senior Member

  • Senior Member
  • PipPipPipPipPip
  • 1,702 posts
It doesn't really matter. We'll soon be a cashless society.

#5
Editor1

Editor1
  • Banned
  • 38 posts
I like it. Canada has $1 and $2 coins. Pretty convenient, but you need a larger change pocket.




Worthy Christian Forums - Christian Message Boards - 1999-2014 part of the Worthy Network