Quote:
Originally Posted by poncho-mike
I think coins will be made obsolete within my lifetime. What do you guys think?
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If they do, it will be because of the stupidity of the American public!
The Presidential dollars were issued for two reasons: (1) to sell to collectors, (2) to significantly reduce the cost of printing dollar bills.
There were not well accepted by the public. Supposedly, there is a warehouse with well over a billion (with a "b") that were never released.
There have been several articles on how much money would be saved each year in printing costs, as the coins are cheaper to produce, and last significantly longer. Plus, the government would have less cost in shipping dog-eared bills to a destruction site, and burning them.
Of course, you didn't state your age, and how long you expect to live
Jon.
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