I just have a personal story. Back in my more Leftist times I LOVED the idea of Dollar Coins. As a matter of fact I bought some Canadian Dollar and Two Dollar coins off a Canadian student at a Band Competition in Northern Maine one year and kept them proudly displayed in my bedroom, as well as my college dorm room. I probably still have them somewhere. I knew that dollar bills had a VERY short service life and quickly wore out and needed to be replaced, often inside of a year or two of service. This cost the treasury money and just seemed like a bad idea when you think of the long service life of coins. I was all for the dollar coin.
Fast forward to my days as a deck hand and bartender on a small tour boat. I was mixing drinks when a gentleman payed for his booze with four Sacagawea dollars. I was excited to finally see some in the wild and I quickly replaced them with four paper bills and put them in the change purse in my wallet.
It took about a day for my love of the dollar coin to die. My pocket felt like a boat anchor, and it was only four bucks! At the time I was making tips tending bar so I’d often have $10-$15 in ones in my wallet. Can you imagine what that would feel like in Brass and Zinc? I couldn’t spend them fast enough.
Dollar coins are like bullpup rifles, they look AWESOME on paper, but as soon as you shoot one you quickly realize why so few people actually make the damn things.
And of course the crux of the story is that the US Mint cranked out the Dollar coins like they were the cure for Cancer, and now they have a huge surplus of coins nobody wants….just like the Susan B Anthony coin. You want something to do with those coins? Melt them and sell the metal.
That’s the best we can do. Dollar Coins suck!