Presidential dollar coins - ZZZZZZZZZZ
Ned
..The Federal Reserve estimated in 1995 that replacing
dollar bills with coins would save $500 million a year. The
savings would likely be much bigger today, because there
are far more $1 bills in circulation now...
The Mint has a constant reminder of its uphill battle: The
agency holds in storage more than 92.7 million uncirculated
Sacagawea dollar coins created in 2000 and 2001.
The presidential dollar coin program, which began with
George Washington in February 2007, is similar to the state
quarters program. The Mint is introducing four $1 coins
each year depicting the presidents in the order in which
they served. The program is set to run at least through
2016 and will include only presidents who have died.
Despite the popularity of the state quarter program, the
presidential dollar coins have not taken off, and interest
appears to be waning. Federal Reserve banks, which buy
coins from the Mint based on demand from banks that serve
consumers and businesses, bought 96 million of the Andrew
Jackson coins, the seventh and latest in the series. That
is less than half the amount of Washington coins ordered.
One-quarter of the 2,513 adults surveyed online by Harris
Interactive last March said they had seen the dollar coins.
Only 13% favored the coins over paper dollars.
"Obviously, it has not worked particularly well by putting
coins into the mainstream," says Rep. Mike Castle, R-Del.,
who originated the state quarters and led the effort for
the presidential dollar coins. He says he had hoped that
more people would be asking for the coins at their local
stores...
stampco
> USA Todayhttp://easyurl.net/cd8f
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THe only way the dollar coins work is to curtail the dollar paper
money.......