Treasury to stop producing unneeded dollar coins
December 13th, 2011
01:00 PM ET

Treasury to stop producing unneeded dollar coins

Vice President Joe Biden and several cabinet secretaries announced today the administration's efforts to identify and eliminate misspent tax dollars. My favorite – the savings of $50 million annually by no longer minting unneeded and unwanted dollar coins. Deputy Secretary of the Treasury Neal Wolin says they currently have a decade worth of excess coins on the shelves! From the White House release:

The Vice President and Secretary Geithner announced the Administration’s plan to stop the wasteful production of $1 coins for circulation. In 2005, Congress enacted the Presidential $1 Coin Act, which mandated that the United States Mint issue new Presidential $1 Coins with the likeness of every deceased President. But more than 40 percent of the $1 coins that the United States Mint has issued have been returned to the Federal Reserve, because nobody wants to use them.

As a result, nearly 1.4 billion excess dollar coins are already sitting unused in Federal Reserve Bank vaults – enough to meet demand for more than a decade. But until today, the Mint was on pace to produce an additional 1.6 billion dollar coins through 2016.

To put a stop to this waste the Administration will halt the production of Presidential $1 Coins for circulation. The Administration will still be required, by law, to continue to produce a relatively small number of the coins to be sold to collectors, at no cost to taxpayers. Instead of producing 70-80 million coins per President, the United States Mint will now only produce as many as collectors want. Regular circulating demand for $1 coins will be met through the Federal Reserve Banks' existing inventory, which will be drawn down over time. Overall, this step will save at least $50 million annually over the next several years.

“At the Treasury Department, we’re continuing to work hard in support of President Obama and Vice President Biden’s efforts to cut waste and streamline government,” said Treasury Secretary Tim Geithner. “Putting a stop to the minting of surplus $1 coins represents a significant opportunity to reduce costs and improve efficiency. In these tough times, Americans are making every dollar count, and they deserve the same from their government. We simply shouldn’t be wasting taxpayer money on money that taxpayers aren’t using.”


soundoff (71 Responses)
  1. DAK

    I've got a better idea. Stop production of the paper dollar bill and ONLY use the dollar coin. The coins last pretty well forver where the paper bill needs to be replaced every so many years. Talk about wasteful, printing paper money that they (the Fed) knows will need replaced in what, five years? Three years? I happen to like the coins and I use them all the time.

    December 13, 2011 at 1:22 pm |
    • Ed Meade

      Yes! Canada is saving millions a year now that they have the $1 and $2 dollar coins and have gotten rid of the paper bills. Likewise the U.K. with the 1£ coins. This is what you get for having so many innumerate politicians. They run the country on opinion polls instead of facts and analysis.

      December 13, 2011 at 2:41 pm |
      • Groucho

        I agree...the problem is that we need both an $1 AND $2 coin like the UK and Canada and the EU

        December 14, 2011 at 8:44 pm |
    • Mike B

      This idea would have an adverse impact on exotic dancers.

      December 13, 2011 at 3:37 pm |
      • usarnaem

        That's what the 2 dollar bill is for.

        December 13, 2011 at 6:28 pm |
    • Randy K

      Here's how I see this issue. People will use the dollar coin if and when merchants start handing them out as change. Currently the only places I see doing this is vending machines that accept $5, $10, and $20 bills for a soda and candy purchases. The post offices use to have vending machines that did this as well for stamps but they no longer exist for some reason. I agree that the the production of the dollar coin is a waste of taxpayer dollars right now but also agree that it can save the taxpayers money but I do not believe that getting rid of the Dollar Bill is the answer to this problem. After all there are businesses that will still need the dollar bill to run their business such as strip clubs. I can not see throughing a dollar coin at strippers. =)

      Here is my segustion to not only get the dollar coins into circulation but also create the much needed jobs in America. Have the Federal Government offer tax breaks to Merchants who already have coin opperated despensing machines converted over to despense the dollar coins. Merchants like supermarkets, big box office stores, and fast food joints who already have them in place giving their customers change. This will create a demain for the merchants to have dollar coins, create a demand for financial institutions to carry them, create jobs for the creation of new machines, create jobs for the installation of the new machines, create jobs for programmers to write the software to handle the coins, and more importantly get the coins into the hands of the general public. After all the general public is not returning the coins to the federal government it is the financial institutions who can not get rid of them that are returning them.

      We need to look at the bigger picture here. We already have more than a decades worth of these coins produced and have built a facility to store the unused coins so therefore we need to get these coins into curculation. Additionally if these coins become more popular we will only need the reduced the amount of Dollar Bills produced and not completely eliminate it. Agian I am sure there are more merchants that still need the Dollar Bill I just can only think of the strip clubs at the moment. =)

      Lets get these coins into circulation and get rid of the facility that is storing them. I am sure that this new facility is also under armed gaurd so this will also eliminate the payroll needed to gaurd these currently unwanted coins. Talk about waste of taxpayer dollars.

      I own a business but unfortunately do not handle much cash. This being said I am going to go out right now and do my part in saving taxpayer dollars and get some of these coins to hand out as change now.

      January 13, 2012 at 11:28 am |
    • Wise

      Great ... Jingle pants ... it's fine that U like coins. But most do not ... so stop trying to shove your your unpopular ideas down our thoats.

      February 18, 2012 at 10:26 am |
      • Wise

        Oops ... typo!

        February 18, 2012 at 10:41 am |
    • DAVID E. OWEN, LOUISVILLE KY

      WHEN THE SUSAN B ANTHONY DOLLAR COIN CAME OUT IN THE 70s WE WERE TOLD IT WOULD SAVE MILLIONS BY REPLACING THE HIGHER COSTS OF PRINTING PAPER DOLLARS. SUSAN WAS FOLLOWED BY SAKAGAWEWA. STILL NO DOLLAR COINS SHOWED UP IN CIRCULATION. I WROTE THE TREASURY SECY ABOUT THIS AND RECEIVED A FORM LETTER SAYING ONLY THAT THE COINS ARE READILY AVAILABLE. WE NEED TO STOP MINTING DOLLAR BILLS ALTOGETHER LIKE OTHER COUNTRIES OR FIND OUT WHAT INTEREST GROUPS ARE PROFITING BY KEEPING DOLLAR BILLS IN CIRCUALTION.

      April 22, 2012 at 9:57 am |
  2. Howard

    Most young people are so out of touch with having to show up at a job on a regular basis, it's pitiful. This is reinforced by a clueless President, who promotes class warfare, expectations of entitlement, and a socialist system, which creates dependency. In addition, our liberal educational community has demonized competition, and initiative ... while demanding pay raises and pensions, based upon tenure ( just showing up ... you know, like voting 'present 127 times) Newt Gingrich is right ... and, if we don't replace Odumbo with a real leader, who reestablishes reward for merit ... America is doomed !!!

    December 13, 2011 at 1:28 pm |
    • steve

      My God you must watch FAUX NEWS

      December 14, 2011 at 6:13 am |
      • jean2009

        How did you come to that conclusion?....LOL!

        December 14, 2011 at 10:25 am |
    • Jaime

      What does that have to do with minting coinage? Are you able to form a coherent original thought relevant to any topic, or is do you just prefer to be as insightful as a parrot.

      December 14, 2011 at 8:13 am |
    • Hawk in Texas

      If i were you i would get medical help as quick as possible. it seems that fall you took where you hit your head hard has scrambled your brains. that is if you had any left after being brain washed by glenn beck.

      December 14, 2011 at 2:28 pm |
    • Pat

      Howard, what does the inability of young people to punch in on time have to do with the$1. You need to respond to some other story. Me... I'm all for getting rid of paper bills. Half the time the vending machines spit them back at me. Most of our machines here at work accept $1 coin except for Koch and Pepsi machines....

      December 27, 2011 at 6:12 pm |
  3. REALLY!

    IF COLLECTORS WANT THEM LET THEM FOOT THE BILL, WHO HAS THE LUXURY TO COLLECT COINS RIGHT NOW. AND WHY ARE WE BOUND TO PRODUCE SUCH LARGE QTY ANYWAY, WASTE OF MONEY PERIOD. I AGREE THAT KEEP COINS AND REPLACE THE PAPER $1 BILL.

    December 13, 2011 at 1:35 pm |
    • Arcady

      Did you even read the whole article?

      And please turn off your CAPS LOCK key. There is no need to shout at everyone.

      December 14, 2011 at 9:35 am |
      • REALLY!

        I DID READ THE ENTIRE ARTICLE, AND SHOUTING IS THE ONLY WAY GOVT HEARS ANYTHING SO I WILL KEEP THE CAPS ON OR COVER YOUR EARS WHEN YOUR READING (LOL)

        December 15, 2011 at 3:40 pm |
    • Davonskevort

      As a coin collector i will say great this makes the new coins worth more in the terms of collecting. If we have a buildup of coins then stop printing money. If you all will notice 1965 coins still make up a large part of the coin supply... because they made scadloads of them. For almost 50 years these coins have been in operation... name me one other product so used every day that stands that test. The reason banks dont want to deal in coins is simple... logistics. If paper 1 bills didnt exist or were in short supply then the coins will get used.

      December 27, 2011 at 4:08 pm |
  4. Howard

    Most young people are so out of touch with having to show up at a job on a regular basis, it's pitiful. This is reinforced by a clueless President, who promotes class warfare, expectations of entitlement, and a socialist system, which creates dependency. In addition, our liberal educational community has demonized competition, and initiative ... while demanding pay raises and pensions, based upon tenure ( just showing up ... you know, like voting 'present 127 times) Newt Gingrich is right ... and, if we don't replace Obama with a real leader, who reestablishes reward for merit ... America is doomed !!!

    December 13, 2011 at 1:45 pm |
  5. steveo

    Looks like we can reduce the debt by $1.4 B right now! The question is will China take the $1.4B in coins!

    December 13, 2011 at 2:05 pm |
    • Pat

      In pennies

      December 27, 2011 at 6:13 pm |
  6. DAK

    "Howard

    Most young people are so out of touch with having to show up at a job on a regular basis, it's pitiful. This is reinforced by a clueless President, who promotes class warfare, expectations of entitlement, and a socialist system, which creates dependency. In addition, our liberal educational community has demonized competition, and initiative ... while demanding pay raises and pensions, based upon tenure ( just showing up ... you know, like voting 'present 127 times) Newt Gingrich is right ... and, if we don't replace Odumbo with a real leader, who reestablishes reward for merit ... America is doomed !!!"

    And just wah tdoes this rant have to do with the dollar coins? You know, the subject being discussed... Typical of the Rightwingnuts, use any excuse to bash Obama. "Easy as pie, just lie!"

    December 13, 2011 at 2:39 pm |
  7. C-Lo

    There is more to this than is being shown here, and I don't know if it due to misrepresentation, misunderstanding, or outright lies.

    As I understand it, paper "money" is issued by the Federal Reserve and is a note (obligation) belonging to the Federal Reserve (a PRIVATE entity) OWED by the treasury (taxpayer). Coinage, on the other hand, is an asset belonging to the treasury (taxpayer).

    Steveo, we don't need China to accept the coins, we need the Federal Reserve to accept them (which apparently they have) in exchange for the notes they issue.

    The Federal Reserve does not benefit from coins in circulation, only from paper money. So it appears the Fed has been hording these coins from the banks, returning $1.4B in notes (obligations) and is now advocating to remove the hard currency from circulation.

    Read "Web of Debt" that better explains this than I can come close to here, but we could theoretically take 1.4B off the obligations table by requesting the coins (assets) when we go to the bank and getting them in circulaion in lieu of the dollar bills.

    If anyone has read the book and can either correct me or better explain if I am right, I'd be greatful.

    December 13, 2011 at 2:50 pm |
    • liberties101

      Please tell me you are voting for Ron Paul!

      December 14, 2011 at 3:38 am |
      • C-Lo

        Even as a write-in. Though I am not thrilled about his foreign policies as I don't think isolationism is the answer, but definately think it's better than what we have now!

        December 14, 2011 at 9:24 am |
  8. C-Lo

    I have another comment being "moderated" but as a follow up to it, I'd like to know the Fed's reaction if they were forced to issue the coins to banks in lieu of paper dollars, like some you have said, getting the paper dollar bills out of circulation.

    December 13, 2011 at 2:57 pm |
  9. Paul Anderson

    This is BACKWARDS!

    December 13, 2011 at 3:19 pm |
  10. Paul Anderson

    This is BACKWARDS! We should eliminate the dollar BILL and save a lot more money than eliminating the dollar COIN.

    The dollar bill is obsolete, as just about every other country in the world has found. Dollar coins are easier to use, faster to count, and would save taxpayers a million dollars a day if we made the switch.

    Hopefully this ill-informed decision can be reversed.

    December 13, 2011 at 3:21 pm |
  11. Zexufang

    Paul Anderson is correct.

    STOP printing the dollar bill; the dollar coin (metal) will last much longer than the dollar bill (paper).

    December 13, 2011 at 3:31 pm |
    • Hawk in Texas

      They are too clode to quarter size. i loose 75 cents every time i give one for a quarter.

      December 14, 2011 at 2:31 pm |
      • PaulH

        Too bad you're too dim to pay attention to what you're doing. You'd think after the 1st time you'd get it figured out.

        December 28, 2011 at 12:43 am |
      • doug

        lose

        February 27, 2012 at 6:00 pm |
  12. Buck OFama

    I'd like to know WHICH President they are up to now – that they suddenly want to stop the coin production. I'd bet it's Reagan. Obama knows he isn't going to get a coin from the Mint – unless he's dead... so they opt to reduce the number of coins of a REAL President.

    December 13, 2011 at 4:44 pm |
    • Hawk in Texas

      Been drinking tea party tea have we?

      December 14, 2011 at 2:33 pm |
    • jean2009

      Your right on that one a REAL bad president that Reagan.

      December 14, 2011 at 7:22 pm |
  13. Ben Dover

    I liked the old doller coins...They looked better and had the feel of real money. This quarter size is harder to work
    with.

    December 13, 2011 at 6:05 pm |
  14. wildone

    Well, I for one would rather have 10- $1 bills in my wallet than 10-$1 coins in my pocket!

    December 13, 2011 at 6:41 pm |
    • Dale

      At most, all you really need is 4 $1 coins. Why carry 10 coins, or even bills for that matter, when $10 bills exist?

      December 14, 2011 at 9:22 am |
  15. m

    Please send me all the unwanted dollar coins.

    December 13, 2011 at 9:42 pm |
  16. Call me amazed!

    I expected to see a lot of comments along the line of "good riddance!" but instead I find sensible individuals who, like myself, understand the merits of phasing out paper dollars. How can they reverse the decision to produce dollar coins, which was made in good fiscal sense! I like how they don't mention the cost of continuing to print paper singles. The same people who oppose switching from dollar bills to coins probably don't see a problem with pennies costing more to mint than their face value.

    December 14, 2011 at 3:35 am |
  17. backwards indeed

    Giving up on the cost-saving measure of going from paper to coinage for $1 because dollar coins are "unwanted"? Are you kidding me? Medicine may not taste good but you take it because it helps. We should just phase out dollar bills, people will get used to them if they have no choice. It's not that hard we're just lazy and habit-driven.

    December 14, 2011 at 3:41 am |
  18. ILikeDollarCoins

    Once again this is a sign of shoddy journalism. The real story here is that by eliminating the dollar coin, the US Govt is spending MORE money. A one dollar bill costs about 5 cents to print and lasts 1-2 years. A one dollar coin costs 30.4 cents and should last 30-40 years. My math says the US Gov't will minimally spend $0.75 to keep one dollar bill in circulation for 30 years vs $0.30. The US GAO has estimated that the US Govt would SAVE $184 MILLION $$ Annually by eliminating the dollar bill. Wake Up America! let's not be hippocritical and inaccurate by saying we're saving money by eliminating the dollar coin!!

    December 14, 2011 at 6:51 am |
  19. mikes

    This is dumb. Get rid of the paper dollars, keep the coins. THAT will save money, since coins last much longer than paper bills.

    December 14, 2011 at 8:05 am |
  20. billybeers

    It looks like we'll never see President Obama on any US currency. I can live with that.

    December 14, 2011 at 9:08 am |
  21. jean2009

    At the age of 76, I don't think the vast majority of citizens are going to restructure the way currency is handled. By and large, our whole system- wallets, cash registers, ATM machines are set up to handle bills. Making that switch would be a costly nightmare for everyone.

    Metal over the long haul of time would be pricier than the cotton and linen (both of which are renewable resources) used to make paper currency; it currently costs about .09.6 cents to produce a dollar bill; It currently cost more to make the penny and nickel than the coin itself is worth.

    In the year 2006 it cost the government .15.89 or almost 16 cents to create each $1. Sacajawea coin. Where does everyone think that price would escalate to if our monetary system was based on a non-renewable resource like metal? Remember we live in an age where people steal the copper out of air-conditioning units because of its value.

    December 14, 2011 at 10:58 am |
    • C-Lo

      So instead, Jean, why not rid ourselves of the overpriced penny (not typically used anywhere but cash registers) which would free up a slot for the dollar coin. Many vending machines these days take the dollar coins, as they were rigged to do so with the introduction of the coins in and around 2005.

      Rid us of the penny coin, not the dollar coin.

      December 14, 2011 at 11:05 am |
    • jean2009

      I can remember living in W. Germany during the mid-50's, where every piece of currency used in the PX and commissary (except the penny) was paper currency. That is why we referred to W. Germany as "the land of the paper nickel". We could have a wallet full of bills, and still be nearly broke.

      I am for us us no longer manufacturing the penny coin, plus all metal coins such as "presidential collector coins" which frankly are only manufactured with the collector in mind. I don't even see the Sacajawea coin as worth saving. At this point, we are moving past the phase of currency with the use of debt cards.

      December 14, 2011 at 11:25 am |
      • jean2009

        Sorry debit....LoL!

        December 14, 2011 at 11:34 am |
    • GC

      So I take it you never park at metered locations, don't take the bus, use vending machines, etc? At 76, you must have lived a very sheltered life. Have you ever watched how long it takes to run paper bills through collection machines on buses vs coins? This has cost the American public an untold amount of waiting in longer lines. At 76, I would expect you to have more experience of when coins actually could buy something, and thus be more aware of using coins to keep value (as when they were silver).

      March 11, 2012 at 7:39 pm |
  22. C-Lo

    Jean–you like to and apparently have time to, read outside these blogs. Please do me the favor of reading "web of debt." It talks about the issuance of paper currency vs coins as it relates to the treasury, Fed, and national debt. You'll like it because the conclusions she draws are socialistic.

    Take the time to read it, with a skeptical mind as it relates to this article and see what kinds of questions arise (without leaning on an altruistic view of gov't).

    December 14, 2011 at 11:35 am |
    • C-Lo

      PS I agree with the fact that as we are moving more toward "debt" cards (I think more apro-po than your correction!) but at what cost? Profit to the "greedy banks" on the backs of the consumer–particularly the ones who live on the edge (overdraft fees, etc). Be careful what you wish for.

      Yes, maybe the dollar coins were manufactured with the collector in mind, but that fact should not dissuade us from considering general circulation of a dollar coin–case in point, the States Quarters.

      December 14, 2011 at 11:41 am |
  23. Che Che

    Let's see...they're too heavy and bulky...carrying several paper dollars is more convenient (from experience). Paper counters are cheaper/easier to purchase and work with. The VAST majority of parking meters do not accept them. When I try to pay with them I often get a blank look, etc., slowing down the transaction. I wonder how much it costs to mint and ship over the life of the currency? So how much does it cost overall compared to paper currency? They're worhless in the real world. :( Honestly paper currency in general is becoming obsolete with changes in technology, but if I wanted to keep a physical stash of money, I'd rather it be paper, even considering fire hazards.

    December 14, 2011 at 11:52 am |
    • GC

      CheChe – so you want to use paper, no matter the purchasing value of the dollar? The dollar is like the nickle of 50 years ago in what it cold buy; will you want to keep paper even when the dollar has the purchasing power of a 1950's penny (or today's quarter)? You like to use dozens of coins to use parking meters, the bus, etc? Have ever taken a bus a seen how long it takes the machines to except paper vs coins? I don't think you have really been around, and seem completely unaware of inflation. I agree the dollar coin is to large (it should be the size of a nickle given how little value it has), but even the present size is preferable to all the dirty, wrinkled, and practically unusable dollar we receive as change. All change below the quarter need to be eliminated, and make room for what really is change now days, meaning I think $10 and below should be coins, and use silver as in the past so our bankster masters won't find counterfeiting so easy!

      March 11, 2012 at 7:34 pm |
  24. jean2009

    I find all those looking at doing away with paper currency as those who are not looking at the true long term cost of an increase in the use of metal coinage, or many of the other challenges.

    We have to look at the true environmental impact of mining and smelting metals. As you increase those activities the cost would go up rapidly. The cost of retrofitting not just vending machines but every other machine (I haven't used a vending machine in years). That and the odds that most people really don't want to deal with carrying around a heavy bundle of metal change.

    For the love-of-Mike people; why do you think civilization switched to paper currency in the first place?

    December 14, 2011 at 11:56 am |
    • C-Lo

      How many $1 bills do you have in your posession right now? How many quarters, nickles and dimes? how many pennies? i checked, i have a 1, 5, 10 and 2 20's in my wallet, a quarter, nickle and penny in my pocket and a bunch of pennies, 2 quarters and a dime in my drawer. Melt the Pennies and make dollar coins out of them, or better yet, why not do away with all currency. Leave it all in the hands of banks and the Fed in the form of 0000's and 1111's (that's what you'd call "digital currency"

      December 14, 2011 at 12:16 pm |
      • jean2009

        At present I have 2-20's, 1-10 a 5 and a 1. and in change 2 quarters, a nickle and 8 pennies...plus some uncounted change in the car console...and a roll of quarters...a collection of state quarters a few Sacajawea dollars and a small cedar box of Liberty silver dollars, Eisenhower silver dollars, assorted old dimes, liberty quarters, and old pennies including lead ones from the 40's. I just sort that stuff out and put it in the box when I come across it.

        Have you read the online article. The Profound Impact of a Penny? at zester daily.com
        Even eliminating the penny could cause ripple effects in consumer pricing. Every transaction that now costs a penny more (or a penny less) could change the whole equation of marketing.

        I'm willing to see the penny go; but I think there would be adjustments up for the cost of many things even the price of gasoline.

        With online purchases on the rise digital currency is only going to increase..it is easier to pay the tab online or at the grocery with a debit card than deal with making change, or making sure I have enough cash in hand to come out to the penny.

        For the sake of the federal government eliminating printing of those items that are not necessary... like the lack of demand for presidential coins. Then those items should be the first source of belt tightening;If the demand is not there don't mint it.

        December 14, 2011 at 6:52 pm |
  25. ILikeDollarCoins

    jean2009 – i disagree that phasing out the dollar bill would be costly. I'd be willing to bet there isn't an ATM machine on the planet that spits out dollar bills. I also don't believe there is a vending machine in use today that will take a penny. Cash registers don't care what you put into their bin. The only impact i can see are some of the very few vending machines that actually take paper bills ...

    December 14, 2011 at 1:49 pm |
    • jean2009

      I agree for ATM's, but we were also discussing vending machines and manydo take dollar bills (unwrinkled ones that is), I have seen a lot of them.....and what are you going to do about those penny pony rides at Meijer's?
      Really everything that now costs one dollar will immediately jump to say what...$5. I don't know how well you thought that one through .....ouch!!
      We've changed our name it is no longer the Dollar Store...we are now the Five Bucks Store.

      December 14, 2011 at 7:07 pm |
      • C-Lo

        Come on Jean–this is by FAR the most illogical argument you've ever made. We are not talking about getting rid of the $1 denomination, only how it's presented. A pack of gum in a vending machine isn't $1 because the machine only takes bills. The Dollar Store isn't the Dollar store because they only accept $1 paper currency. You'd be the one who didn't think this through...ouch, ouch :-)

        And so the riding machine jumps to a nickle (those that aren't a quarter already). Wow, if that extra 4 cents prevents a 2 year old from his/her 30 seconds of fun a week, that family has a lot bigger problems!

        December 15, 2011 at 9:55 am |
  26. Hawk in Texas

    What is money. i don;t think i have ever had any. i know i don't have any now.

    December 14, 2011 at 2:38 pm |
    • C-Lo

      you might have more if you paid attention and not use dollars for quarters. Just a thought.

      December 14, 2011 at 3:32 pm |
  27. TEXAS RANGER 23

    i HAVE BEEN COLLECTING PresidentAL DOLLARS FROM DAY ONE AND WOULD LIKE TO COLLECT THE REST...iT VERY UNFAIR TO STOP SELLING THE COINS TO THE BANK WHEN CONGRESS WASTE MILLIONS OF DOLLARS EVERY DAYS. I BELEVE THAT WHATEVER THE WHITE HOUSE WANTS TO CUT WILL COME FROM THE LITTLE PEOPLE.I THINK IT IS UNFAIR TO THE OTHER PRESIDENTS THAT IS DEAD.IF YOU WANT US TO USE COINS IN PLACE OF PAPER DOLLARS JUST RECALL ALL PAPER DOLLARS..WE WILL THEN USE COINS....

    December 14, 2011 at 6:37 pm |
    • jean2009

      Heh! Ranger take out your six shooter and fire a plug in that cap lock button it seems to be stuck on pure caffeine overload.

      December 14, 2011 at 7:17 pm |
  28. Ennio Cavuoto

    Will someone tell me what the hell is wrong with these people in Washington! We are the only free nation left in the world to produce both the dollar coin and bill. Every other country in the world with this choice stopped producing the dollar bill! The paper last on average 14 to 20 months while the coin can last years! Billions of doolars can be saved over 30 years (see Wikipedia) if we stop producing the paper. But noooo! We stop the coins because we have too much of it and will continue to print the paper! And this is how we save money?

    December 27, 2011 at 8:13 pm |
  29. Michael A

    I just want to know when my coins are coming? I paid for them and also got a note to pay again for some more. now that the Govt has my money they tell me to wait and maybe I might get them. another reason why I chose Independant . Next we will go to the credit card scam..You work the job puts your money on a debit cxard. you use it til its gone. A look a new idea that way we can close 2,5 million banks look at the savings there!!

    January 20, 2012 at 12:29 pm |
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  32. Mose

    No worries, there are plenty of dollar coins to go around for those dollar coin lovers. Everyone else can continue on with their debit card and the occasional paper dollar. The rest of the presidents can be honored on the "forever" postage stamps with a continuation of the same design in shades of gold printed on a postage stamp.

    February 14, 2012 at 6:07 pm |
  33. GC

    There is no good argument for keeping the paper dollar vs a dollar coin. $1 is now small change, and both for saving money in the long run and practical purposes (parking meters, etc.) should have been a coin a long time ago. Myself, I think $5 should even be a coin. At present, the people have little choice in the matter, as few merchants have dollar coins to receive as change; the "popularity" argument is silly, as what is popular with money is simply what is well known by the average joe. The only reason I can think of for not switching to the coin, is it would make it more apparent to all how big government and central bankers are fleecing the American people of the value of the dollar, and they need their charade of caring about the value of the dollar to go on as long a possible.

    March 11, 2012 at 7:22 pm |
  34. dustin

    here is an idea, in this electronic age why are we still useing analog money, disolve all physical money alltogether. i have not had the need for paper/coins in 10 years

    January 7, 2013 at 9:13 am |