Monthly Archive for: ‘March, 2011’

The Bid to Eliminate Dollar Bills

Dollar Coin Alliance Member Dave DuGoff, owner of College Park Car Wash in Maryland and a member of the Mid-Atlantic Carwash Association, was featured in a Bloomberg Businessweek magazine article about “The Bid to Eliminate Dollar Bills.” Click the link below to view the full article.    

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Poll: Americans Support the Dollar Coin

A January 2011 poll conducted by the Tarrance Group and Hart Research regarding how Americans support the dollar coin’s potential for significant government cost savings.                  

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Press Release: GAO says replacing the $1 bill would provide financial benefit to the government

According to GAO’s analysis, replacing the $1 note with a $1 coin could save the government approximately $5.5 billion over 30 years. This would amount to an average yearly discounted net benefit of about $184 million. Download the GAO report here.

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Guess what? Dollar bills are made of cotton

By Parija Kavilanz, senior writer March 8, 2011: 4:24 PM ET NEW YORK (CNNMoney) — Sure, packs of T-shirts and socks are getting expensive because of skyrocketing cotton prices. Guess what else is made of cotton? The dollar bill in your wallet. In 2010, the cost of making one note jumped 50% from what it cost the government in 2008. …

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GAO: Coins instead of cash could save government billions

By Peter Schroeder – 03/04/11 02:26 PM ET On The Money – The Hill’s Finance & Economy Blog With lawmakers looking high and low for places to cut government spending, the Government Accountability Office (GAO) has offered another suggestion — their wallets. In a report released Friday, the GAO determined that replacing the $1 paper bill with a $1 coin …

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Swapping Dollar Coins For Bills Could Save $5.5 Billion, GAO Says

by Bill Chappell The Two-Way: NPR’s News Blog Replacing the U.S. $1 note with a coin could save the government around $5.5 billion over 30 years, according to a new report by the General Accountability Office. The first four years of switching to a dollar coin would be expensive, the GAO says. But after that, the benefits start to accrue …

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