Lately, No Donkeys

Monday, November 20, 2006

The face will make it happen

I’m not sure how long this link will work, but I’m putting it up. For a long time the U.S. Mint has been pushing dollar coins. It makes sense really. Paper dollars cost cents to make but last about 18 months. Coins cost 5-6 times that but last 20-30 years. That makes economic sense. That’s one of the reasons they haven’t redesigned the one dollar bill. It’s not worth enough to counterfeit it, stability of the design denotes stability of the dollar, and any redesign increases cost to produce. I tried to lend support to the Sacagawea dollar when it came out, but my bank was always out when I asked for them. Can’t really replace the paper dollar if you can’t find the coins. Now they are releasing a series of dollar coins with the Presidents’ faces on them, apparently in much greater numbers. If they can get the vending machine industry to make sure all the machines take the coins it will help a lot. But I still hold by what the Robocop TV show said. The dollar coin will be popular when it has Ronald Regan’s face on it. Given that they will get to him about the time the coin’s popularity is coming into its own, it might be right.

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