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<p>[QUOTE=&quot;Numbers, post: 2356663, member: 11668&quot;]Maybe because it doesn&#039;t cost more to produce any more, and doesn&#039;t have such a short life any more.</p><p><br /></p><p>Due to increases in the cost of coinage metals, the cost differential between the $1 coin and the $1 note is a lot smaller than it used to be.&nbsp; Due to processing changes at the Federal Reserve, the lifespan of $1 notes has nearly quadrupled over the past couple of decades.&nbsp; The combined result is that discontinuing the $1 note in favor of the $1 coin is no longer a money-saving proposition.</p><p><br /></p><p>See <a href="http://www.federalreserve.gov/paymentsystems/staff-working-paper-20131211.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/paymentsystems/staff-working-paper-20131211.pdf" rel="nofollow">this analysis</a>, and in particular the charts on pages 7, 8, and 14.</p><p><br /></p><p>Switching to a $1 coin in the &#039;80s or &#039;90s, when metals prices were low and bill lifespans were shorter, would have been a good idea.&nbsp; But that was then....[/QUOTE]</p><p><br /></p>

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