Canada ditched the $1 note in 1985 or so - the $2 bill lasted until 1996.
The $2 bill is beautiful. On the back is an image of a very famous painting, viz. the signing of the Declaration of Independence, which is in the Capitol rotunda. Nonetheless, that would still require vending machine companies and transit operators to still accept paper money, which for them (for transit operators, the taxpayers, too) is a VERY expensive undertaking. In dollar coin legislation discussion in 1998, the head of SEPTA (Southeastern Pennsylvania Transit Authority - Philadelphia and environs) said that it costs 10 times as much money to process paper from fareboxes than coins because paper handling can't be mechanized and automated. That's a cost to the transit authority that is ultimately made up in taxpayer subsidies. To avoid coin buildup in your pocket and in the jar on your dresser, the solution is simple. SPEND THEM. Carleton From: [email protected] [mailto:[email protected]] On Behalf Of Jason D Darfus Sent: Sunday, August 15, 2010 19:53 To: U.S. Metric Association Subject: [USMA:48379] RE: US $1 coins Your last two points is why we have the $2 bill. If the $1 bill went away, that spot in cash registers would & should be used for $2 bills. THEN you'd never have to receive more than a single $1 coin in change. On 15 Aug 2010, at 18:40, <[email protected]> <[email protected]> wrote: It's three things actually in my mind. 1) US Government refusal to stop printing the $1 bill. Certainly this affects and new dollar coin contracts given. 2) The US Government's lack of desire to mint a $2 coin in addition. People don't "like" dollar coins because when they pay with a $5, they don't want 4 coins back....2 coins back is better...there's your $4. and lastly.... 3) it's hard to put a dollar coin in a g-string. The stripper lobby? :) haha......
