mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It only cost us $300M to create them, now we get to pay for them to be destroyed. But it will "save us" $50M.
White House Kills Dollar Coin Program : Planet Money : NPR
The federal government will stop minting unwanted $1 coins, the White House said Tuesday. The move will save an estimated $50 million a year.
Earlier this year, we reported on the mountain of $1 coins sitting unused in government vaults. The pile-up — an estimated 1.4 billion coins — was caused by a 2005 law that ordered the minting of coins honoring each U.S. president.
We calculated that the unwanted coins had cost taxpayers some $300 million dollars to make. There were so many coins piling up that the Federal Reserve was redesigning a vault in Texas to help hold them all
White House Kills Dollar Coin Program : Planet Money : NPR