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Americans still don't like dollar coins
Why the reason for the distrust? Americans claim they are difficult to spend, not recognized by many merchants, or just weigh down pockets too much. Perhaps we should ask our foreign neighbors how they have integrated them into daily life. America is one of the few countries in the developed world to use a $1 banknote and the only one of the top five traded currencies (including the Euro, British Pound, Japanese Yen, and Australian dollars) to use a bill in such a small denomination. Canada replaced the dollar bill with the "loonie" coin in 1987 and the British pound note has been out of circulation since 1983. Is taking away the $1 bill the only way to get Americans to use the coin? We reported earlier this year on a possible way to earn frequent flyer miles by purchasing dollar coins, a legal (but not encouraged by the US Mint) practice that may actually contribute to this back log of currency. Maybe go out and spend the coins instead and hope the trend catches on.
|Love them - the rest of the world uses them, why not us?||159 (43.1%)|
|Hate them - no one wants to take them as payment.||23 (6.2%)|
|Hate them - they weigh down my pockets too much.||91 (24.7%)|
|Money is money - who cares if it's a note or a coin?||96 (26.0%)|
Photo courtesy Flickr user cometstarmoon. Hat tip to Honza Kerver for the NPR story link.