In many countries the government agency that makes coin and paper notes is the same.
In the USA it's the United States Mint vs. the Bureau of Engraving and Printing. Different employees, and probably different unions, each wanting to preserve its piece of the pie. Not to mention the lobbying power of the Crane & Company of Massachusetts, which makes the paper for all notes, and for which the $1 bill is a huge part of it. Carleton From: Kilopascal [mailto:[email protected]] Sent: Saturday, December 01, 2012 15:06 To: Carleton MacDonald; 'U.S. Metric Association' Subject: Re: Congress considers getting rid of dollar bills for $1 coins to save money - NY Daily News I hope the bill passes this time. I too use dollar coins and two dollar bills. I don't reject dollar bills if given to me in change as I take them home and save them up and return them to the bank to buy more coins and 2 dollar bills. Let's just hope the lobby that supports the coin can win against the lobby that supports paper. From: Carleton MacDonald <mailto:[email protected]> Sent: Saturday, 2012-12-01 13:10 To: 'Kilopascal' <mailto:[email protected]> ; 'U.S. Metric Association' <mailto:[email protected]> Subject: RE: Congress considers getting rid of dollar bills for $1 coins to save money - NY Daily News I understand the bill in Congress to make this happen was sponsored by two Republicans. That may make it more likely to pass as the Republicans are often the obstructionists for things like this. I added a comment to the article. I use dollar coins exclusively and go out of my way to avoid getting dollar bills in change. Carleton From: Kilopascal [mailto:[email protected]] Sent: Saturday, December 01, 2012 12:23 To: U.S. Metric Association Subject: Congress considers getting rid of dollar bills for $1 coins to save money - NY Daily News Well, it appears the government has re-opened the issue of the dollar coin. They seriously want to get rid of the dollar bill as a means to cut spending. Of course there are also those who hate the idea flooding the internet news reports and blogs with their usual tired old excuses. They may be scared that Obama this time will push it as he doesn't have to worry about an election. Since they already have minted about 2.4 milliard, these could be first to be pumped into circulation simply by ceasing printing and withdrawing a significant amount of the dilapidated bills, creating a bill shortage that can only be taken up by the coin. Since there are supporters with money who won't let this issue die, I can see that eventually, the coin will win out. http://www.nydailynews.com/news/national/ax-dollar-bills-save-money-congress -article-1.1211013 No virus found in this message. Checked by AVG - www.avg.com Version: 2013.0.2793 / Virus Database: 2634/5929 - Release Date: 11/30/12
