I have been in favor of the dollar coin for years now, but its value cannot be measured by the popularity of the coin now ("Nobody wants dollar coins," May 1). I think I have one, it's in my golf bag as a ball marker.
The value of the dollar coin lies in the elimination of the dollar bill. The dollar bill is a has very little going for it other than you can fold it and put it in your wallet. It's expensive to make and only last a short time. Sure, there is much that can be done to make the dollar coin recognizable, put a hole in it like some European currency, for example.
The first thing to do is find out why this common sense, cost-saving elimination of the dollar bill has never taken place. I think you will find some lobbyists representing people that have a financial interest in keeping the dollar bill around. The only thing that makes less sense than the dollar bill is the penny, but I'll save that discussion for another day.
Mike Johnson, EastonCopyright © 2015, Los Angeles Times