Department of the Treasury

Showing 5 ideas for tag "coins"

Department of the Treasury

Coins instead of dollars

As we've heard recently on NPR, and seen recently of ABC News, we have literally billions of $1 coins in storage which is costing us almost $500 million a year. At the same time, we have to keep printing billions of $1 paper bills which have a very short useful life and cost of hundreds of millions a year to dispose of. The $1 coin weighs almost no more than a quarter and, at most, you'd only have four or so in your... more »