Replacing the dollar bill with the dollar coin is again being debated. Many don't agree with it, but some say it will save money in printing costs
Story begins with a lead about how the last two attempts to convert the bill into the coin were not popular.
Two facts are given at the beginning one that describes the publics view through statistics and another from a rational and economic standpoint. The section concludes with a quote from a retiree who doesn't agree with the idea at all.
Chronology begins with a history of the dollar coin and then continues into its future.
The third section brings up a point that people don't like their money to change, even the penny. It then has a supporting fact gathered from statistics of Americans. The other point is also economic in nature parelling the second point of the lead, but it is more of a feeling or observation than a rational conclusion.
(lead)Two recent efforts to promote wide usage of a dollar coin proved unsuccessful. (Keeps you reading)But maybe Susan B. Anthony and Sacagawea should not take public rejection personally.
It's not easy overcoming people's indifference to dollar coins, even those honoring such historic figures.
(Fact Block)An AP-Ipsos poll found that three-fourths of people surveyed oppose replacing the dollar bill, featuring George Washington, with a dollar coin. People are split evenly on the idea of having both a dollar bill and a dollar coin.
(Fact Block)A new version of the coin, paying tribute to American presidents, goes into general circulation Thursday. Even though doing away with the bill could save hundreds of millions of dollars each year in printing costs, there is no plan to scrap the bill in favor of the more durable coin.
"I really don't see any use for it," Larry Ashbaugh, a retiree from Bristolville, Ohio, said of the dollar coin. "We tried it before. It didn't fly."
(Chronology) A quarter-century ago, the dollar coin showed feminist Susan B. Anthony on the front; then one in 2000 featuring Sacagawea, the Shoshone Indian who helped guide the Lewis and Clark expedition.
The latest dollar coin will bear Washington's image, followed later this year by those of John Adams, Thomas Jefferson and James Madison. A different president will appear on the golden dollar coins every three months.
(New point) People have strong feelings about their money, even the penny, which occasionally is threatened with elimination.
(Supporting Fact) When people were asked whether the penny should be eliminated, 71 percent said no, according to the poll of 1,000 adults conducted Nov, 28-30 that had a margin of sampling error of plus or minus 3 percentage points.
(Supporting Fact) Some fear that getting rid of the penny will cause product prices to be rounded up, perhaps increasing inflation.