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<p>[QUOTE=&quot;Collecting Nut, post: 3695551, member: 74863&quot;]As I understand it the innovative one dollar coin is only made for collectors and it&#039;s not for general circulation purposes. Still a waste of metal. It&#039;s estimated that $1.4 billion in one dollar coins currently sits in Government vaults. That&#039;s a supply for the next 40 years but we keep making dollar coins.</p><p><br /></p><p>The innovative dollar will be released at the rate of four per year in the order of the states joining the union. At the end of 14 years the US territories and DC would be included as they were with the quarter program.</p><p><br /></p><p>The government would like to do away with one dollar bills as they claim they can save $150 million a year if there was no one dollar paper money and coins were used instead.&nbsp; In countries where this is been tried it took several years but the public finally stopped complaining about it and started using dollar coins. </p><p><br /></p><p>Government and elected officials do not understand why the American public loves and revers the one cent coin but despises the one dollar coin. I&#039;m not sure I understand that either but given the choice between a cent or a dollar coin I&#039;d rather have the sent.[/QUOTE]</p><p><br /></p>

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