Hmm. This has been attempted a few times in the past. I wonder how well it’s going to work this time. I’m not sure why they think this time will be any different.
Congressional auditors say doing away with dollar bills entirely and replacing them with $1 coins could save taxpayers nearly $4.4 billion over the next 30 years.
Vending machine operators have long championed the use of $1 coins because they don’t jam the machines, cutting down on repair costs and lost sales. But most people don’t seem to like carrying them. In the past five years, the U.S. Mint has produced 2.4 billion Presidential $1 coins. Most are stored by the Federal Reserve, and production was suspended about a year ago.
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