The single biggest problem with $1 coins, is that they are of similar size to quarter-dollar coins.

    26.50 mm (1.043 in) - $1.00
    24.26 mm (0.955 in) - $0.25
They feel almost identical, in your pocket, and the $1 coin is small enough to get stuck in many vending machines.

I am not exactly sure of the reason that the mint is so resistant to making the coins a bit bigger (they used to be).

Another, NSFW, problem with $1 coins is that their universal adoption would lead to a lot of bruised strippers.

I hear that they don't accept anything less than a $20 bill, these days...

"Making it rain" turning into "making it hail"