While I appreciate the intent, the production fo the Presidential Dollar coins are a complete waste of resources. There is no legitimate reason to produce a new coin and then put them in storage. Evenmore, there is no reason to build new storage space to store coins that are not going to be circulated.
I once read that the cost of making the penny and nickel, both outweigh the actual value of the coin.
My proposal is similar to what some banks are starting to offer, in a keep the change program.
On all *CASH* purchases, the total price, after sales tax, would be rounded up to the nearest amount,... more »
First, the minting Presidential Series dollars has cost $300 million since it was mandated by Congress in 2005. Minting money like this is... more »
I was at the metro stop and saw an advertisement encouraging the use of dollar coins. Part of the message was that using coins saves money because the coins are more durable.
It struck me that if we want people to start using coins instead of bills, we could simply stop printing dollar bills and only make the coins available.... more »