Department of the Treasury

Showing 3 ideas for tag "presidential coins"

Department of the Treasury

Small Federal Pay Raise in Dollar Coins

The United States Treasury will have approximately $2 billion dollars worth of dollar coins in storage. Storing these dollar coins costs money. Storing these coins securely costs the government a lot of money.

My plan is to give Federal employees a small optional pay raise. Employees recieving this raise would have to A. take some portion of their salary (<0.5%) in the form of dollar coins and B. agree to spend the... more »

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Department of the Treasury

Stop minting and storing Presidential $1 coins

The U.S. Mint mints almost 2 milion presidential dollar coins every day at a cost of 32 cents each. Because the public prefers paper, the coins are then bagged and stored in Federal vaults. So, put the coins in circulation and pay some US debt. Then, change the law that requires the making of a presidential coin to the making of a paper dollar with a presidential seal added. Stop minting the coins and switch to printing... more »

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