Archive for September 18th, 2011

A couple months ago, ABC News, following up on an NPR story, did an “expose” involving US unused, and purportedly unwanted, dollar coins.

“Passed by Congress in 2005, the Presidential $1 Coin Act ordered the mint to make millions of coins to honor every dead president, but not even Sen. Jack Reed, D-R.I., one of the co-sponsors of the original bill, uses the legal tender.” It goes on to explain that these coins are being stored, at no small expense, in warehouses, which does appear to be a waste of money.

Implicit in the ABC News story was that the obvious solution is to get Congress to get the Mint to stop making the coins.
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