How To Make One Dollar Coin Popular

Perhaps you are wondering when you hear about one dollar coin instead of the typical one paper dollar. What do you think if we use a one dollar coin instead of the current paper dollar? It is interesting to see whether people will like it or they will reject the idea as what they have done before. Most people prefer to use paper dollars because it is easy to fold them and it is not burdensome. On the other hand, people prefer to collect one dollar coin rather than use it as currency.

The main reason is perhaps because one dollar coin looks great. There are several versions of one dollar coin in the past and the silver dollar coin actually was quite popular for a long period of time. Nowadays, it is not easy to find it because most of them belong to coin collectors. It is remarkable if you can find a silver one dollar coin because it is the closest thing as finding a treasure. You can keep the coin as your collection if you find it.

Some time ago, a gold colored one dollar coin was released. It is called the Sacagawea dollar, which in fact is the name of famous Native American woman. It is very quickly for this one dollar coin to fizzle out and like the silver dollar coin discussed previously, it is also hard to find Sacagawea dollar in the circulation today. It is highly likely that most of them end up in the collections of coin collectors. This one dollar coin is not popular because of the same reason as the silver dollar. It is bulky and it cannot be folded. Perhaps the government should use different strategy if they want to make the use of one dollar coin popular.

European countries have implemented a good strategy for this situation. When they circulate a new coin, they also remove the paper currency. This makes people have no choice and thus have to use the coin currency. The same thing can be applied in the United States. The government basically should stop giving people options if they want to popularize the use of one dollar coin. It is logical that people always want to use paper dollar because it is less bulky and foldable currency. Therefore, this option should be removed so people do not have choice anymore.

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