Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. But maybe Susan B. Anthony and Sacagawea should not take public rejection personally. It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.I was working in a bank in San Diego when the Susan B. Anthony dollars were released and nobody wanted them. They were roughly the same size as a quarter and caused all sorts of confusion.
An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin. ...
The latest dollar coin will bear Washington's image, followed later this year by those of John Adams, Thomas Jefferson and James Madison. A different president will appear on the golden dollar coins every three months.
The second feminized attempt at a dollar coin was the more recent golden Sacagawea dollar. To this day I think I've seen one in circulation exactly once. Maybe the problem is not the dollar coin, but the women they're putting on them. Neither one was exactly a looker (boy, I'll hear about that).
The new coins will end up in some kid's coin collection, but I doubt they'll be that popular in general circulation. Most people don't like to walk around with a pile of coins in their pocket.
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