Showing 1 ideas for tag "coordinate coinage change"

National Archives and Records Administration

Saving money on US coinage

The cost to make a penny coin today exceeds one cent, so the US govt is losing money on every penny it makes. Coordinate a coinage change to elminate the penny and the paper dollar bill. This will lead to universal use of the dollar coin which lasts longer than a paper dollar bill. This will result in savings on printing dollar bills. All cash registers would still have the right number of compartments for current coins... more »