Why coins are better than bills

The push is nothing new. The GAO has been recommending the change for the last 22 years, and will try again Thursday in a hearing before the House Financial Services Committee.

James, a GAO director, said in prepared remarks to be presented Thursday. James points to 10 countries, including Canada and the United Kingdom, that have successfully replaced low-denomination notes with coins, even in spite of public disapproval. Related: Treasury declines to brand China a currency manipulator. The main challenge is the switch remains controversial among the public, the vending machine industry and even the Federal Reserve. The Treasury Department suspended the production of the coins, for the most part, last December.

The U. Mint now only produces a few new presidential designs -- like those featuring Chester Arthur and Grover Cleveland -- to satisfy the demands of collectors. Ethan Powell 8 years ago. Iris 8 years ago. Matt Brown 8 years ago. Xam 8 years ago. Null 8 years ago. TheJoshuaBurger 8 years ago. James 7 years ago. Glaceon 7 years ago. Tasha xx 7 years ago. Josiah Perkins 7 years ago. Evalgra 7 years ago. Connor 6 years ago. CuteDogGamer 5 years ago. Sparky 5 years ago. IcecreamMahouShoujo 5 years ago.

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