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"Dollar coins are more expensive to make but last much longer than the paper bills, which last an average of 40 months, the GAO reports."
The nonpartisan Government Accountability Office reported in March that the government would actually save $5.5 billion over 30 years by replacing dollar bills with dollar coins, but the GAO noted that polls in the past decade found that the public doesn't support the idea.
The administration today announced other developments in its "Campaign to Cut Waste" today, including increased efforts to crack down on fraud. The Justice Department recovered more than $5.6 billion in fraud government-wide in 2011, a 167 percent increase in recovery from 2008.
Originally posted by rubbertramp
i have no doubt there is a move to eliminate cash, but, check this out.
As of 2010, it cost the U.S. Mint 1.79 cents to make a cent because of the cost of materials and production.