What are the benefits of using dollar coins? ![]() In 1987, when the Canadian government first issued the gold-colored Loonie dollar coin (named for the Canadian Loon pictured on the coin), the Canadian dollar bill was removed. That is just what the doctor ordered for our friendly neighbors to the north. Should the nation stop producing dollar bills, if for nothing else than to force the public into using dollar coins? No doubt this would do the trick. It could just be that the most significant reason we do not use dollar coins is that we still have an alternative - the dollar bill - that we are already used to spending on a daily basis. Mint has been making hundreds of millions of dollar coins annually for most of the years that dollar coins have been struck for circulation. While the public is not used to seeing dollar coins, they really are nothing “special” or uncommon. Therefore, most don’t like to spend them. Many people seem to think of dollar coins as something special. Anthony dollars is that they are almost identical in size to the quarter. Mint made a few mistakes when coming up with a revolutionary design for a dollar coin - as seen with the Susan B. Mint tried to take the weight off Americans’ backs by producing the smaller, lighter Susan B. Eisenhower dollars (1971-1978) were large and heavy - like the old silver dollars of the 19th and early 20th centuries. In the 1970s, Americans had good excuses not to use the dollar coin. So why don’t more people use dollar coins instead of dollar bills?ĭollar coins have had circulation problems since the U.S. Dollar coins are also easier to use with vending machines than dollar bills. ![]()
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