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It may sounds odd for someone who is involved with Where's George? to say they really wouldn't mind if the $1 bill was discontinued, but truthfully, I wouldn't. Seph and I already use uncommon denominations to a very large extent already. He tends to pull his allowance from the bank as mostly $1 and 50¢ coins, whereas I tend to do $2 bills and $1 coins, with a smattering of 50¢.
One of the main arguments for discontinuing the $1 bill is the cost savings, since a coin would last significantly longer than the current average of just under 6 years for the $1 bill. After all, the US Mint hasn't produced the quarter with the eagle back since 1999, so the youngest is 17 years at this point, and they are still easy to find in circulation. Heck, even finding Bicentennial quarters isn't all that uncommon! Whereas any $1s earlier than 2009 series are becoming somewhat rare in circulation. (You can use the tables @ the US Paper Money site to figure out when your bills were actually printed. [that is NOT a Federal Government site!])
The only way for the official cutover to $1 coins to happen is going to have to be a cold turkey approach. The Bureau of Engraving and Printing is going to have to actually stop producing $1 bills and let the ones currently in circulation wear out. Other countries have switched over easily enough.
One of the main arguments for discontinuing the $1 bill is the cost savings, since a coin would last significantly longer than the current average of just under 6 years for the $1 bill. After all, the US Mint hasn't produced the quarter with the eagle back since 1999, so the youngest is 17 years at this point, and they are still easy to find in circulation. Heck, even finding Bicentennial quarters isn't all that uncommon! Whereas any $1s earlier than 2009 series are becoming somewhat rare in circulation. (You can use the tables @ the US Paper Money site to figure out when your bills were actually printed. [that is NOT a Federal Government site!])
The only way for the official cutover to $1 coins to happen is going to have to be a cold turkey approach. The Bureau of Engraving and Printing is going to have to actually stop producing $1 bills and let the ones currently in circulation wear out. Other countries have switched over easily enough.
