dollar coin

5 Stories

Congress Could Do Away With the $1 Bill

Would be replaced by coin in money-saving move

(Newser) - In a move that could change the face of strip clubs forever, Congress is considering doing away with the dollar bill. It wouldn't ax the denomination entirely, but would instead replace the bills with the $1 coin, a move that would save taxpayers (who almost universally dislike dollar coins... More »

Kiss $1 Coins Goodbye

US Mint will stop attempting to circulate unpopular coins

(Newser) - The US government has caught on, once again, to the fact that nobody really likes $1 coins, and it will cut production of the latest version. The coins, bearing the likenesses of dead presidents, were mandated by Congress in 2005 and began production in 2007. But government vaults have built... More »

Let's Replace Dollar Bills With Coins

And while we're at, it's time to ditch pennies, too: Los Angeles Times

(Newser) - Here's a quick way to cut government spending: Stop making one-dollar bills. Switching to coins could save us some $5.5 billion over 30 years, write the editors of the Los Angeles Times . That's the lifespan of a coin, while a paper dollar lasts only 3 years. Want... More »

Time to Get Rid of Paper Dollars: GAO

Move would save government $184M a year

(Newser) - It's time to kiss your dollar bills goodbye—or at least, it should be, as far as the Government Accountability Office is concerned. The GAO has once again called on Congress, the Federal Reserve, and the Treasury to yank paper dollars out of circulation and replace them with dollar coins,... More »

Mint Unwittingly Finances Tahiti Trip, and More

Frequent fliers buy dollar coins—at cost—with credit cards

(Newser) - Crafty frequent fliers have racked up thousands of free miles by buying coins from the US Mint on their credit cards, and then taking them right back to the bank. The Mint, which ships free of charge in order to get more in circulation, finally got wise to “large... More »

5 Stories

AROUND THE WEB