Coins are also more expensive to produce than paper money. The Mint says it will save in the long run, though, because coins have a longer circulation life, and so don’t have to be replaced as frequently. But the dubious economics that underpin those savings can only be realized if people actually use the coins. Which they don’t.
When it comes to dollar coins, it doesn’t matter if they feature James Monroe or Marilyn Monroe. Americans have no interest in them — even if they come free with a tacky display case. Taxpayers and consumers alike should tell the Mint to keep the change.
Doug Heye is a Washington, DC–based freelance writer whose articles have appeared in Capitol File, Politico, and the online political journal Pajamas Media.
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This Just In
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, Culture and Lifestyle, Holidays, Gerald Ford, George Washington, U.S. Federal Reserve, James Monroe, Sacagawea, The United States Mint, Marilyn Monroe, Susan Anthony, Less
