Could 2013 be the "Year of the Dollar Coin"? Dollar Bill Vs. Dollar

For anyone who is interested in the dollar coin replacing the $1 bill,
here is a promising looking article for that issue. Especially since,
although the past "Save the Greenback" and the more recent "Americans
for George" coalitions, which supported the $1 bill have disbanded,
yet the Coin Coaltion never disbanded, but just met an unfortunate end
when Mr. James C. Benfield, Executive Director of the Coin Coaltion
passed away, and the Dollar Coin Alliance has not disbanded, and seems
to be going strong. Hopefully, this will be the year that the old
fasioned $1 bill gets yanked out of circulation, along with the one
cent coin, so that both, dollar coins, and halves will still have a
coin slot to go into in cash registers (5c, 10c, 25c, 50c, $1). I
think if the $1 bill and the cent get the boot, we should embrace the
half dollar coin and the redesigned $2 bills coming out with the next
currency redesign, and set the bill slots $2, $5, $10, $20 $50/$100,
and also, how about a $200 and $500 bill already, with the times the
wat they are and the hyper inflation issue? And also, for this whole
"fiscal cliff" issue".

And now, the article:


U.S. News & World Report: 2013 Could Be the Year of the Dollar Coin
Posted on: 01-25-2013

2013 Could Be the Year of the Dollar Coin
Congress is expected to reintroduce legislation for the dollar coin
amid the debt fight
By ELIZABETH FLOCK

January 25, 2012

After some two decades of debate, 2013 might be the year the United
States finally moves to the dollar coin. While Americans have never
seemed wholly comfortable switching from paper to coin currency, the
financials of the move are hard to overlook. According to the
Government Accountability Office, a dollar coin would save taxpayers
$4.4 billion over 30 years.

“This is the best opportunity [proponents] have had for a transition
to the dollar coin,” says Aaron Klein, director of the Financial
Regulatory Reform Initiative at the Bipartisan Policy Center. Klein is
a former Treasury Department official and served as chief economist
for the Senate Banking, Housing and Urban Affairs Committee, which has
jurisdiction over treasury policy. “The whole zeitgeist of America is
huge pressure to fix the deficit. Why wouldn’t you hit the low-hanging
fruit first?”

A spokeswoman for Iowa Democratic Sen. Tom Harkin, who introduced
legislation with GOP Sen. John McCain for a dollar coin in January
2012, says he intends to “move this forward” in the new Congress.

“[He] continues to believe the time has come to advance this policy,”
Harkin spokeswoman Kate Frischmann says.

The dollar coin may be included in a broader budget package in 2013,
and legislation is expected to be reintroduced in the House and
Senate.

The dollar coin also just received a bump of support from the an
important group in Washington: the Domenici-Rivlin Debt Reduction Task
Force, which is chaired by former New Mexico Senator Pete Domenici and
Alice Rivlin, director of the Office of Management and Budget under
the Clinton administration. The bipartisan group’s recent proposal on
federal debt reduction included a recommendation to move to the dollar
coin.

The rising support for the dollar coin may have something to do with
the Dollar Coin Alliance, a coalition of businesses, budget watchdogs,
and trade associations who have been vocal in Washington about
ditching the paper note. The alliance is led by former Arizona
Republican Rep. Jim Kolbe, who first started pushing for the dollar
coin when he was in Congress in the 1980s.

“The U.S. is the largest major developed country in the world with a
currency in paper as low as $1,” Kolbe says. (Canada, Australia, and
New Zealand have all made the switch to the dollar coin.) “People
initially say ‘I don’t want to change,’ but once they learn the
savings, they say, ‘Yeah, this does make sense.’”

The antagonist to the Dollar Coin Alliance was once “Americans for
George,” a group backed by Crane & Co., the Massachusetts-based
company that supplies paper for the American dollar note. A spokesman
for Crane & Co. said the company did not want to talk on record until
new legislation for a dollar coin is introduced.

But Americans for George has since disbanded, along with a similar
group called “Save the Greenback.”

With few detractors left and a tough budget fight ahead, supporters of
the coin believe 2013 could be its year.

“The impetus for fixing our debt and deficit is incredibly high,”
Klein says. “In my opinion, this is the easiest choice to make.”

On Jan 29, 7:49*pm, Drago the Wolf wrote:
For anyone who is interested in the dollar coin replacing the $1 bill,
here is a promising looking article for that issue. Especially since,
although the past "Save the Greenback" and the more recent "Americans
for George" coalitions, which supported the $1 bill have disbanded,
yet the Coin Coaltion never disbanded, but just met an unfortunate end
when Mr. James C. Benfield, Executive Director of the Coin Coaltion
passed away, and the Dollar Coin Alliance has not disbanded, and seems
to be going strong. Hopefully, this will be the year that the old
fasioned $1 bill gets yanked out of circulation, along with the one
cent coin, so that both, dollar coins, and halves will still have a
coin slot to go into in cash registers (5c, 10c, 25c, 50c, $1). I
think if the $1 bill and the cent get the boot, we should embrace the
half dollar coin and the redesigned $2 bills coming out with the next
currency redesign, and set the bill slots $2, $5, $10, $20 $50/$100,
and also, how about a $200 and $500 bill already, with the times the
wat they are and the hyper inflation issue? And also, for this whole
"fiscal cliff" issue".

And now, the article:

U.S. News & World Report: 2013 Could Be the Year of the Dollar Coin
Posted on: 01-25-2013

2013 Could Be the Year of the Dollar Coin
Congress is expected to reintroduce legislation for the dollar coin
amid the debt fight
By ELIZABETH FLOCK

January 25, 2012

After some two decades of debate, 2013 might be the year the United
States finally moves to the dollar coin. While Americans have never
seemed wholly comfortable switching from paper to coin currency, the
financials of the move are hard to overlook. According to the
Government Accountability Office, a dollar coin would save taxpayers
$4.4 billion over 30 years.

“This is the best opportunity [proponents] have had for a transition
to the dollar coin,” says Aaron Klein, director of the Financial
Regulatory Reform Initiative at the Bipartisan Policy Center. Klein is
a former Treasury Department official and served as chief economist
for the Senate Banking, Housing and Urban Affairs Committee, which has
jurisdiction over treasury policy. “The whole zeitgeist of America is
huge pressure to fix the deficit. Why wouldn’t you hit the low-hanging
fruit first?”

A spokeswoman for Iowa Democratic Sen. Tom Harkin, who introduced
legislation with GOP Sen. John McCain for a dollar coin in January
2012, says he intends to “move this forward” in the new Congress.

“[He] continues to believe the time has come to advance this policy,”
Harkin spokeswoman Kate Frischmann says.

The dollar coin may be included in a broader budget package in 2013,
and legislation is expected to be reintroduced in the House and
Senate.

The dollar coin also just received a bump of support from the an
important group in Washington: the Domenici-Rivlin Debt Reduction Task
Force, which is chaired by former New Mexico Senator Pete Domenici and
Alice Rivlin, director of the Office of Management and Budget under
the Clinton administration. The bipartisan group’s recent proposal on
federal debt reduction included a recommendation to move to the dollar
coin.

The rising support for the dollar coin may have something to do with
the Dollar Coin Alliance, a coalition of businesses, budget watchdogs,
and trade associations who have been vocal in Washington about
ditching the paper note. The alliance is led by former Arizona
Republican Rep. Jim Kolbe, who first started pushing for the dollar
coin when he was in Congress in the 1980s.

“The U.S. is the largest major developed country in the world with a
currency in paper as low as $1,” Kolbe says. (Canada, Australia, and
New Zealand have all made the switch to the dollar coin.) “People
initially say ‘I don’t want to change,’ but once they learn the
savings, they say, ‘Yeah, this does make sense.’”

The antagonist to the Dollar Coin Alliance was once “Americans for
George,” a group backed by Crane & Co., the Massachusetts-based
company that supplies paper for the American dollar note. A spokesman
for Crane & Co. said the company did not want to talk on record until
new legislation for a dollar coin is introduced.

But Americans for George has since disbanded, along with a similar
group called “Save the Greenback.”

With few detractors left and a tough budget fight ahead, supporters of
the coin believe 2013 could be its year.

“The impetus for fixing our debt and deficit is incredibly high,”
Klein says. “In my opinion, this is the easiest choice to make.”

Please go back to talking about dogs on halves or something. No one
care!

On Tuesday, January 29, 2013 7:41:45 PM UTC-6, sgt23 wrote:
On Jan 29, 7:49*pm, Drago the Wolf wrote:

For anyone who is interested in the dollar coin replacing the $1 bill,

here is a promising looking article for that issue. Especially since,

although the past "Save the Greenback" and the more recent "Americans

for George" coalitions, which supported the $1 bill have disbanded,

yet the Coin Coaltion never disbanded, but just met an unfortunate end

when Mr. James C. Benfield, Executive Director of the Coin Coaltion

passed away, and the Dollar Coin Alliance has not disbanded, and seems

to be going strong. Hopefully, this will be the year that the old

fasioned $1 bill gets yanked out of circulation, along with the one

cent coin, so that both, dollar coins, and halves will still have a

coin slot to go into in cash registers (5c, 10c, 25c, 50c, $1). I

think if the $1 bill and the cent get the boot, we should embrace the

half dollar coin and the redesigned $2 bills coming out with the next

currency redesign, and set the bill slots $2, $5, $10, $20 $50/$100,

and also, how about a $200 and $500 bill already, with the times the

wat they are and the hyper inflation issue? And also, for this whole

"fiscal cliff" issue".



And now, the article:



U.S. News & World Report: 2013 Could Be the Year of the Dollar Coin

Posted on: 01-25-2013



2013 Could Be the Year of the Dollar Coin

Congress is expected to reintroduce legislation for the dollar coin

amid the debt fight

By ELIZABETH FLOCK



January 25, 2012



After some two decades of debate, 2013 might be the year the United

States finally moves to the dollar coin. While Americans have never

seemed wholly comfortable switching from paper to coin currency, the

financials of the move are hard to overlook. According to the

Government Accountability Office, a dollar coin would save taxpayers

$4.4 billion over 30 years.



“This is the best opportunity [proponents] have had for a transition

to the dollar coin,” says Aaron Klein, director of the Financial

Regulatory Reform Initiative at the Bipartisan Policy Center. Klein is

a former Treasury Department official and served as chief economist

for the Senate Banking, Housing and Urban Affairs Committee, which has

jurisdiction over treasury policy. “The whole zeitgeist of America is

huge pressure to fix the deficit. Why wouldn’t you hit the low-hanging

fruit first?”



A spokeswoman for Iowa Democratic Sen. Tom Harkin, who introduced

legislation with GOP Sen. John McCain for a dollar coin in January

2012, says he intends to “move this forward” in the new Congress.



“[He] continues to believe the time has come to advance this policy,”

Harkin spokeswoman Kate Frischmann says.



The dollar coin may be included in a broader budget package in 2013,

and legislation is expected to be reintroduced in the House and

Senate.



The dollar coin also just received a bump of support from the an

important group in Washington: the Domenici-Rivlin Debt Reduction Task

Force, which is chaired by former New Mexico Senator Pete Domenici and

Alice Rivlin, director of the Office of Management and Budget under

the Clinton administration. The bipartisan group’s recent proposal on

federal debt reduction included a recommendation to move to the dollar

coin.



The rising support for the dollar coin may have something to do with

the Dollar Coin Alliance, a coalition of businesses, budget watchdogs,

and trade associations who have been vocal in Washington about

ditching the paper note. The alliance is led by former Arizona

Republican Rep. Jim Kolbe, who first started pushing for the dollar

coin when he was in Congress in the 1980s.



“The U.S. is the largest major developed country in the world with a

currency in paper as low as $1,” Kolbe says. (Canada, Australia, and

New Zealand have all made the switch to the dollar coin.) “People

initially say ‘I don’t want to change,’ but once they learn the

savings, they say, ‘Yeah, this does make sense.’”



The antagonist to the Dollar Coin Alliance was once “Americans for

George,” a group backed by Crane & Co., the Massachusetts-based

company that supplies paper for the American dollar note. A spokesman

for Crane & Co. said the company did not want to talk on record until

new legislation for a dollar coin is introduced.



But Americans for George has since disbanded, along with a similar

group called “Save the Greenback.”



With few detractors left and a tough budget fight ahead, supporters of

the coin believe 2013 could be its year.



“The impetus for fixing our debt and deficit is incredibly high,”

Klein says. “In my opinion, this is the easiest choice to make.”



Please go back to talking about dogs on halves or something. No one

care!

I distinctly remember U.S. News and World Report running this same article, word for word, back in 1981. Different names, different coin (The Carter Quarter) back in those days.

And Sarge is correct here, nobody cares whatsoever. But maybe your Credit Union Customer Service Rep will pull your chain next time you have ten dollars to deposit.

oly