SAVE Award 2011 Ideas

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.

It is expensive to maintain paper money, it wears out quickly and coins last longer. I have heard the excuse that the American people don't want dollar coins - well, too bad. If the paper dollar is stopped printing, then the American people would adjust and move forward. Every other country around the world has done it and there has not been any civil wars that I am aware of over changing a bill to a coin. It is a fact... more »

Call it the Small Change Act, the most a person would ever have to contribute on a single transaction would be 9 cents.

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 »

The case to halt minting the Presidential Dollar Coin is well documented in the media. http://www.npr.org/2011/06/28/137394348/-1-billion-that-nobody-wants

and

http://www.npr.org/blogs/money/2011/07/13/137795995/how-frequent-fliers-exploit-a-government-program-to-get-free-trips


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 one dollar bills and only make one dollar coins available for circulation.

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 »