![]() ![]() "I think Americans will definitely embrace the dollar coin if they're just given the opportunity," she says.Īs for the Harris Poll showing Americans don't want dollar coins, Paige says, "I suspect that they just don't understand what the up sides are," including the fact that coins don't need to be disposed of as bills are. Leslie Paige, who represents watchdog group Citizens Against Government Waste, says the government should withdraw the dollar bill from the market and force Americans to use the coins. ![]() Still, dollar coin proponents, including some advocacy groups and vending-based industries, are undeterred. "We also note that a 2008 Harris poll found that more than three fourths of people questioned continue to prefer the $1 note."Ĭredit: Robert Benincasa, Christina Baird, Nelson Hsu "We have no reason to expect demand to improve," the Fed said. Ipicture of a one billion dollar bill series#Anthony and Sacagawea series lost their bids to become America's pocket change sweethearts, the presidential series was the next big idea.īut in a report to Congress last year, the Federal Reserve said the coins are now being held "with no perceivable benefit to the taxpayer," and that banks are sending them back to the Fed in increasing numbers. Without an overhaul to the cash system that completely substitutes coins for bills, very few.Īfter the Susan B. 6,720,000."īut how many of them will ever see a laundromat, soda machine or toll booth? One row of pallets bore a handwritten note that said, "Dollars. Glaring fluorescent lights coaxed an occasional shimmer from the dollars, which are made mostly of manganese brass and have a gold color. Anthony and rubbing edges with some of America's early chief executives. Through the bags, one could see Sacagawea mingling with Suffragette Susan B. Inside the vault, dollar coins languished in clear plastic bags piled high on sturdy metal pallets that looked like baby cribs. Two staffers minding the coins each had a key to one of them, and as the NPR group moved around the vault, the minders kept the group physically surrounded. The coin storage area of the Federal Reserve Bank of Richmond's Baltimore branch, where unused $1 coins are piling up.Īnd despite a national indifference to the coins, they were heavily guarded.Ī group of journalists from NPR passed through a metal detector and special secure doorway before reaching the inner entrance to the vault, a fence gate secured by two common Master padlocks. ![]()
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