The E-Sylum:  Volume 10, Number 20, May 20, 2007, Article 17

DOLLAR COIN COMMENTARY: JUST AS POPULAR AS EVER

An article in the Saturday Providence Journal illustrates the uphill battle
the U.S. Mint has in getting the public to accept the new dollar coins.

"After at least four previous failed introductions, the coin dollar is back.
And it's just as popular as ever.

"“I don't want the stupid thing,” said Ed Mullen of Warwick, who wrote a
letter to the editor of the Providence Journal when he recently received a
coin dollar as change."

"Coin dollars are heavier and bulkier than paper dollars. As long as paper
dollars are used, according to Ken Podrat, owner of Podrat Coin Exchange, a
coin shop on Providence's East Side, the coin dollar won't be. “Every other
country in the world has figured that out: France, Canada and England,” he
said."

"Apparently the average, non-coin-collecting American isn't excited about
the dollar coins.

"Mullen, for example, wants no part. A couple of weeks ago he conducted a
cash transaction in a post office and a received a dollar coin as change.

"“I rejected it. I said, ‘No, give me a dollar bill. Take this thing back.'
The clerk said, ‘Oh, you, too.' ”"

To read the complete article, see: Full Story

  Wayne Homren, Editor

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