$4.4 Billion: What Replacing $1 Bills With Coins Would Save Taxpayers

December 1, 2012 12:36 pm

Dollar bills need to be replaced every four to five years. Coins last much longer. That cost adds up. To big numbers. We spotted this stat today, that if you just do away with $1 bills and replace them with coins completely, you are looking at a saving of some 4.4 billion USD over the next 30 years (Source)

But people do not seem to like carrying coins. The U.S. Mint has produced 2.4 billion Presidential $1 coins in the last five years, but most are stored by the Federal Reserve. Production has also been suspended.

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