Wednesday, December 14, 2011

The Buck Stops Here: $1 Coins to Be Curtailed, The Wall Street Journal

"Dead presidents go the way of Sacagawea" The U.S. government has failed to excite the nation with another attempt at producing $1 coins for circulation. It will reduce production of the presidential gold dollar coins to only enough for the demand of collectors. For a marginally attached coin collector like me, I am sad to read that the U.S. mint will stop producing enough of the gold dollars to circulate. It seems that, after the unsuccessful attempts with Susan B. Anthony dollars, the Sacagawea dollars, and the Native American dollars, Americans have shown they do not want to use coins (like the European Union and the UK use) instead of the traditional $1 bills. Advocates for the coins say that $1 bills, the most used denomination, wear out much to quickly to justify their continued use. Opponents however, argue the $50 million per year cost of the program is a waste of tax payer money.

You can find the article here on the the Wall Street Journal website

*Note: Non-subscribers have limited access to wsj.com

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