Is It Time For the US To Ditch the Dollar Bill?

coondoggie writes "It seems well past time that the U.S. ditch its $1 bill — considering such a move could save the country somewhere in the neighborhood of $4 billion. But there is much resistance, or perhaps a lack of real consideration of the issue from most people. Watchdogs at the Government Accountability Office this week testified before a Congressional hearing on the topic, and said dollar coins could save $4.4 billion over 30 years (PDF), or an average of about $146 million per year."

Comments

Re:MOD PARENT UP!!!

[ackthpt]

Exactly. Here's some reading for you.

Link

Varying valuations of silver and gold are the reason we left the Gold Standard. There was a time in the 1890's when a silver dollar face value was less than the silver content value, so the US Treasury stopped minting them (very exciting pieces for collectors as they have low mintages.)

Trust me, you don't ever want us to return to coins made of gold and silver.