February 23, 2007
"people aren't rejecting the dollar coin because of who is on it. They are rejecting it because, first of all, old habits are hard to change, second, people prefer dollar bills and finally, possibly most important, most of us have never even seen one of the darn things except in magazine ads selling them for twenty or thirty dollars each as "collectors' items""
I'd like to add that it's not just the "we have a choice and we prefer bills" issue, there's an infrastructure issue, too. A lot of vending machines don't take dollar coins, and - here's the biggie - cash drawers at most supermarket checkouts don't have a slot for them. Which is the same reason for the unpopularity of the half-dollar. In the cases where cash drawers DO have a 5th slot, it's already designated for half-dollars.
By the way, if anyone out there works at a checkout, please comment about how you handle halves and dollar coins.
In the comments to her post, Lynn wonders why she never sees half dollars anymore. Well, in addition to the above problems, there's also the fact that a half weighs the same as two quarters. So besides being inconvenient to use, there's no weight benefit to carrying one, either. Unlike, say, the advantage of 1 nickel to 5 pennies, or 1 dime to 2 nickels.
By the way, if for some reason you WOULD like to get some half dollars, just ask for them the next time you're at the bank. One of the tellers probably has a few she'd like to get rid of - since she doesn't have any place to put them.
Posted by: Harvey at
10:36 AM
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