Dec 1, 2006

US Mint to give dollar coins another try

The U.S. Mint will give $1 coins another try.

The U.S. Mint is hoping that Martin Van Buren and Millard Fillmore can do what Susan B. Anthony and Sacagawea couldn't - get Americans to use dollar coins.

The Mint on Monday revealed the design of the new U.S. $1 coin, which will be issued in a series that will eventually include the faces of each U.S. president.

It will release four new presidential dollars each year, starting with George Washington, John Adams, Thomas Jefferson and James Madison in 2007. The Van Buren dollar will be released in 2008 and the Fillmore in 2010.

The Susan B. Anthony dollar was first issued in 1979.

Because of its size and silver color, it was too easily confused with a quarter which is why it was dubbed the Carter quarter.

As long as we have one dollar paper currency in circulation, dollar coins will never be successful.

We're going to have to discard the $1 bill or mass produce so many of these coins so they'll be out there at retailers.

Link