Britain introduced the one-pound coin in 1983; Canada started replacing its one- and two-dollar notes with coins in 1987 and 1996, respectively. America does mint dollar coins but has failed to prise consumers away from their preference for the paper bill.
No Small Change: Scrapping Dollar Bill for Coin
“After many failed efforts to make $1 coins more appealing to consumers and the clear costs that would be shifted to them from government, the notion of eliminating the dollar bill from circulation is really quite absurd,” former Office of ...
Trading US Dollar Bill for Coin Could Yield Big Savings
Kolbe is a co-chairman of the Dollar Coin Alliance, a group of trade associations and budget watchdogs lobbying for legislation to retire the $1 bill. Members include the ... the difference between money’s face value and its production costs.
Trading Dollar Bill for Coin Big Savings, No Small Change
It’s no small change, scrapping the U.S. dollar bill ... to seigniorage - - the difference between money’s face value and its production costs. The GAO cites cost-saving transitions to coins in Canada and the U.K. in its recommendation ...