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U.S. CURRENCY: Financial Benefit of Switching to a $1 Coin Is Unlikely, but Changing Coin Metal Content Could Result in Cost Savings.

Authors :
Von Ah, Andrew
Source :
GAO Reports; 3/21/2019, p399-441, 43p
Publication Year :
2019

Abstract

The article offers information on the U.S. government invests financial resources to produce and issue currency, paper notes and metal coins for use as a medium of exchange and store of value in the economy. It mentions making changes to U.S. currency, such as using less expensive metals in coins, could potentially save taxpayer funds; and also mentions the U.S. has taken some actions to reduce coin production costs, such as changing the metal composition of the penny.

Details

Language :
English
Database :
Complementary Index
Journal :
GAO Reports
Publication Type :
Government Document
Accession number :
135479121