Do you think Dollar coins are made to boost the economy because people tend to spend coin easier than bill?
Answer:
I don't think so....normally when I get coins as change...I always drop them in a box. And so I don't spend them. I don't like coins because they are heavy in pocket,and can fall easily while removing keys/etc. from pocket.
I think they're produced because they don't wear out NEARLY as fast as dollar bills, and thus the government doesn't have to spend money to replace them so often.
Good question... but in Japan, they are useful at vending machines. Not as fussy as wrinkled paper money. I wish the US vending machines accepted the dollar coins.
Also, people drop coins more for sure.
I think dollar coins are a US mint collection purpose for most of the time for those who do so.
I don't know what to think. This the third or fourth attempt. I have read that the government wants to get us thinking of a dollar as just a little coin because it has devalued so much. It would cut down on the printing of dollar bills that wear out. The coins would last a lot longer.
I think the only reason the need them for ciculation today is those damn toll roads
A dollar is worth a dollar metal or paper. Dollar coins will not boost the economy due its value and the rate the coins are saved. Although they are not saved at a material rate, people demand new coins for collection and investment and in return the money supply will temporarily contract due to savings. Eventually we may see less dollar coins in circulation.
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