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Biden: US scrapping dollar coins to save government money
The Hill ^ | 12/13/11 | By Daniel Strauss

Posted on 12/13/2011 1:22:59 PM PST by SMGFan

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To: SMGFan

This is so much crap, it’s not even funny. Look at the frankage attached to a dollar coin that will last 20+ years in circulation as compared to a dollar bill that has a velocity of 18 months if you’re lucky. They need to drop the bill, and the penny. Probably the nickel as well, since all are a money-losing proposition. Given the inflation seen over the past hundred years they could revalue the dollar to the penny and noone would notice the difference.


61 posted on 12/13/2011 8:11:28 PM PST by zeugma (Those of us who work for a living are outnumbered by those who vote for a living.)
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