Honestly we need to get rid of the $1 bill generally but that’s a completely different post all together.
What do you replace them with? Coins have been tried and rejected by consumers a few times now.
Comment on Bank of America will (stop|continue to) Accept $1 bills
CosmicTurtle0@lemmy.dbzer0.com 1 month agoIt’s one of the jobs of a bank though. They are supposed to exchange damaged bills and then exchange them with the mint, who then destroys them.
Honestly we need to get rid of the $1 bill generally but that’s a completely different post all together.
Vorticity@lemmy.world 1 month ago
L0rdMathias@sh.itjust.works 1 month ago
Add a new currency called the buck which represents 1000 dollars. Over the next~200 years of inflation abolish the cent as a fraction of a dollar. When you reach a breaking point again, reintroduce a cent as a bill that represents 1000 bucks. Rinse and repeat every new inflationary super cycle.
CosmicTurtle0@lemmy.dbzer0.com 1 month ago
When the $1 coins were released, most stuff in vending machines were still within the cost of a dollar. Thought I’m not disagreeing with your comment. Coins, for the most part, are relegated to coin jars and aren’t really “spent” in the same way that bills are.
The problem is that coins generally are just so inconvenient. I only hold onto them for the rare occasion where I need to feed a meter.
ayyy@sh.itjust.works 1 month ago
That would be communism!
daggermoon@lemmy.world 1 month ago
How we gonna get rid of the $1 bill? We can’t even get rid of the penny.