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Posts Tagged ‘dollar coins’

Don’t kill the penny, revalue it

Ryan Cooper proposes a big idea to make coins more useful so that people start spending them again instead of hoarding them in jars for months at a time. Here’s my solution: multiply the face value of every U.S. coin by 10. A penny will be worth 10 cents, a nickel 50 cents, a dime […]

Is this the end for the dollar coin?

Fine by me if it is. The dollar wars have raged for years, with various sides battling over what a dollar should look like: Should it be a green piece of paper (cotton, actually) that you can slide in your wallet? Or should it be a metal coin that you put in your pocket? On […]

Small bills, please

If you’re a regular reader here, you know that I’m a skeptic of proposals to replace the dollar bill with dollar coins. As I’ve said before, I personally would rather have a wallet full of bills than a pocket full of coins, and I believe that some of the pro-coin arguments such as the vending […]

The dollar coin is an idea that just won’t die

It keeps turning up like a bad penny, as it were. American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what’s best for them either. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers […]

Still trying to kill bills

Planet Money reports on the continuing efforts to eradicate the paper dollar bill and replace it with dollar coins. In its most recent report, the GAO recommends switching to coins, which could make $4.4 billion for the government over 30 years. But the report says the government benefit does not come from the fact that […]

Coinis interruptis

No more Presidential dollar coins will be minted for general circulation. Have you ever seen a $1 presidential coin? Neither have we. Except that one time when we received seven of them in change from a MetroCard machine in the New York City subway system and, perplexed as to where to fit such weighty coins […]

The quest for a dollar coin that people will use continues

Now with extra special deficit reduction capabilities! Americans are a tight-fisted people when it comes to their dollars. So in order to replace the paper currency with dollar coins — a long-advocated move that could save the government an estimated $5.5. billion over 30 years — the General Accountability Office called on Congress, the Federal […]

Slowdown at the Mint

They’re not making as many coins as they used to. As falls the economy, so falls the jingle of coinmaking at the U.S. Mint. Production at the federal government’s coin factory in Denver fell a sharp 26 percent in 2008 from the previous year, contributing to a national output decline of 30 percent. Mint officials […]