Simply stop minting the penny. It wouldn't be missed and the government would save vast amounts in acquisition, labor, distribution, and mgt costs.
First, the minting Presidential Series dollars has cost $300 million since it was mandated by Congress in 2005. Minting money like this is... more »
Stop printing the ones until the stock plie of dollar coins that the Federela REserve is storiing goes down, to the point the quantity is "normal" inventory. Then restart printing of the dollar bill if you must. Just stopping the presidential dolla coin program is not going to do anything for the coins in storage right now.
And I have often asked for dollar coins or... more »
No more confusion between a quarter and a golden dollar. This means that one area of resistance to use the dollar coin is eliminated. Dollar coins have lower life cycle costs than paper one dollar bills.
It takes care of a major issue in trying to eliminate the 5 cent coin. (You could make the 5 cent coin form something other than nickel but it would have to get a new nick... more »