Should the USA Go to a One Dollar Coin Exclusively?
Tomorrow is Canada Day. Canada’s birthday is July 1, 1867, making the country 147. This has inspired me to ask, do you think we should drop the one dollar paper bill and convert to a one dollar coin like our neighbors to the north?Back in 1986-1987 Canada stopped pressing one dollar bills and started issuing one dollar coins called Loonies. The name I’m sure came because of the loon minted on the “tails” side of the coin. Some years later, the two dollar bill dissolved and was replaced with a two dollar coin called a Toonie.
Is it time for us here in the U.S. to stop printing ones and only issue a one dollar coin? They last longer; also, coins can’t be bleached and reprinted as one-hundreds and the coin jar at home would climb in value a lot more quickly.