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 »
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 »
US dollar coins are being stored. They are not circulating. Dollar coins are cheaper in the long run than paper one dollar bills.
Have the PX, BX, comissary, Marine exchange, clubs in the Morale and Welfare system, etc. Start each day with a specifiec minimum of dollar coins in their "bank", "drawer", "tray" or what ever the enterprise calls the money availalbe... more »