DCA News & Resources

GAO Recommends Switch to the $1 Coin

  • The Government Accountability Office (GAO) has recommended the United States eliminate the $1 note and switch to the $1 coin five times over the past 20 years.
  • The GAO has estimated savings between  the current $184 million per year to $522 million per year, and their recommendation remains the same today.  Eliminating the $1 bill will save the taxpayers money.
  • The most recent GAO report, released in March of 2011, states that United States will save $5.5 billion over 30 years.  This averages out to $184 million per year.
  • When our neighbors in Canada made the switch to the $1 coin they saved 10 times initial estimates.
  • Click here to read the full GAO report from March of 2011.