The fate of one-dollar coins in the U.S

Sébastien Lotz and Guillaume Rocheteau

Economic Commentary, 2004, issue Oct

Abstract: The United States has introduced two one-dollar coins in the past 25 years, both of which have not circulated widely. Many other countries have replaced lower-denomination notes with coins and have achieved wide circulation and cost savings. Lessons from those countries suggest that achieving widespread use of a dollar coin is much harder if the note is allowed to remain in circulation.

Keywords: Dollar, American; Coinage (search for similar items in EconPapers)
Date: 2004
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