I like the dollar, but after living in Japan for a while, I can see where this might end up being a decent idea. Here in Japan, the smallest paper bill is ¥1000 (~$12 USD) and the largest commonly used coin is ¥500 (~$6 USD). My wallet here is a lot easier to organize, though your pocket change is worth a whole lot more.(RTTNews) - The $1 bill has been a part of U.S. currency since the Lincoln administration in 1862. It has survived countless attempts by Congress to replace it. And it has the sentiment of many U.S. consumers on its side.
But its time may be coming on Capitol Hill, where a group of congressmen led by Sen. Tom Harkin (D-Iowa) are increasingly optimistic that a bill replacing the $1 bill with a dollar coin could pass the House and Senate by year's end.
The reason: Savings. With Congress in a cost-cutting mood, and the Bush administration's tax cuts set to expire, negotiators will be looking for revenue