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Jul. 22, 2011 at 5:00pm with 365 notes

Reblogged from tballardbrown

thinking

tballardbrown:

U.S. Mint Stores $1 Billion In Dollar Coins That No One Wants : NPR
A joint inquiry by NPR’s Planet Money and Investigations teams found that more than $1 billion of unused dollar coins are the wasteful byproducts of another failed congressional effort to replace the dollar bill in everyday commerce.

Click through for the article (it’s well written and reasoned.) I’m not sure where I stand on the issue these days. I used to be a big dollar coin proponent, but given the political untenability of changing from paper to coin and the increased move to electronic purchases, perhaps we should slow down lots of coin production including eliminating the penny.

U.S. Mint Stores $1 Billion In Dollar Coins That No One Wants : NPR

A joint inquiry by NPR’s Planet Money and Investigations teams found that more than $1 billion of unused dollar coins are the wasteful byproducts of another failed congressional effort to replace the dollar bill in everyday commerce.

Click through for the article (it’s well written and reasoned.) I’m not sure where I stand on the issue these days. I used to be a big dollar coin proponent, but given the political untenability of changing from paper to coin and the increased move to electronic purchases, perhaps we should slow down lots of coin production including eliminating the penny.