1-Dollar Coin
Reintroduction Could Save Millions If It Replaced the 1-Dollar Note Gao ID: T-GGD-95-146 May 3, 1995Australia, Canada, Japan, and the major Western European economies all now use a coin for monetary transactions at, and in many cases well above, the same level for which Americans use the paper dollar. Although the United States introduced the Susan B. Anthony one-dollar coin in 1979, it was poorly accepted. The dollar note lasts about 1.4 years in circulation before requiring replacement, while coins last about 30 years. This report summarizes GAO's earlier work on the proposed reintroduction of the one-dollar coin.