May 25, 2008
As a serious collector of U.S. coins for many years, I was very happy to see the dollar coin story ("Is this any way to make a mint?," Consumer Confidential, May 18). There are too many flimflam artists feeding off the public's greed and misinformation by making great promises about fabulous value increase potential and . . . wait, was I talking about coins or the home mortgage business? Rod Heathcote Ridgecrest -- I have been a coin collector since FDR was president and a part-time coin dealer for more than 50 years.
December 17, 2006 |
Not to be outdone by their husbands, the nation's first ladies will get their chance to shine on U.S. coins. Starting next year, Martha Washington, Abigail Adams and the rest will appear on a new series of gold coins. It will be the first time the U.S. Mint has produced a series featuring women. A new presidential series will be on $1 circulating coins, and the wives will be on half-ounce gold coins likely to sell for more than $300 apiece.
May 24, 2012
Re "L.A.'s war on shopping carts," Editorial, May 20 I walk to the store to do grocery shopping for the week. Because I cannot possibly get all these groceries on the bus or carry them home, what will the city do for me? Offer free taxi vouchers? If the mayor thinks requiring locking mechanisms on shopping cart wheels will boost his popularity, he should think again and get busy revoking this ordinance. Lori Graham Los Angeles I like shopping at Aldi grocery stores, a German-based chain with many locations in the U.S. You don't have to worry about hitting a shopping cart in the parking lot. How do they do it?
December 14, 2013 |
WASHINGTON - To lawmakers and others arguing that replacing the $1 bill with a $1 coin would save the government money, the Federal Reserve says, "Don't bet on it. " A new analysis by Fed staffers said the old-fashioned greenback is more durable than people realize and replacing it with a $1 coin, which is more expensive to produce, would cost the government $1.2 billion over 30 years. "Based on our analysis of the benefits and costs of a currency-to-coin transition, we believe that the $1 Federal Reserve note should remain in circulation and not be replaced with a $1 coin," concluded the authors of a Fed staff working paper released this week.
December 13, 2013 |
WASHINGTON -- To lawmakers and others arguing that replacing the $1 bill with a $1 coin would save the government money, the Federal Reserve says, “Don't bet on it.” A new analysis by Fed staffers said the old-fashioned greenback is more durable than people realize and replacing it with a $1 coin, which is more expensive to produce, would cost the government $1.2 billion over 30 years. "Based on our analysis of the benefits and costs of a currency-to-coin transition, we believe that the $1 Federal Reserve note should remain in circulation and not be replaced with a $1 coin," concluded the authors of a Fed staff working paper released this week.
March 15, 2000 |
Having to sell the American public on the concept of money is downright hilarious and so is the television commercial for the new Golden Dollar coin. The spot features a studly modern-day George Washington (an animated coin face on a real actor's body) going about his daily business buying cappuccino, using a vending machine, driving through a toll booth and paying for all the transactions with a new dollar coin (enlarged to saucer size for the TV audience).
December 6, 2012 |
Would you be less likely to spend a dollar if it were a coin instead of a bill? The Government Accountability Office is counting on it. According to a November report on the benefits of permanently replacing the $1 bill with a $1 coin, the GAO estimated the government could save up to $4.4 billion over 30 years because of consumers' habit of reaching for their wallets instead of into their pockets. “What we found is that people use coins differently,” said Lorelei St. James of the GAO. “You're more likely to have dollar coins and hold those … those are going to go into your coin jar. With dollar bills you typically don't do that.” It costs about 5 1/2 cents to make a $1 bill and about 18 cents to produce a $1 coin, according to the Federal Reserve and the U.S. Mint . So where are the savings?
November 28, 2006
Re "Making change," editorial, Nov. 25 I suppose the demise of the dollar bill is inevitable. But before the U.S. Mint starts cranking up the coin machine, I have one favor to ask. Having traveled across Europe last summer, I found myself forever listing to my right as I scrutinized each Euro coin in my right pocket to determine its value before parting with it. So please design the new dollar coin light in weight (aluminum or titanium come to...
May 23, 1995 |
American voters demanded real change in last November's elections--but is this what they had in mind? Lawmakers in the House of Representatives have introduced legislation to phase out the dollar bill and replace it with a new $1 coin. The switch would save a whopping sum of money, supporters say. While coins cost more to make per unit than paper currency, they last years longer, which means the Bureau of Printing and Engraving will have to spend less replacing worn currency.