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The fate of one-dollar coins in the U.S

Author

Listed:
  • Sebastien Lotz
  • Guillaume Rocheteau

Abstract

The United States has introduced two one-dollar coins in the past 25 years, both of which have not circulated widely. Many other countries have replaced lower-denomination notes with coins and have achieved wide circulation and cost savings. Lessons from those countries suggest that achieving widespread use of a dollar coin is much harder if the note is allowed to remain in circulation.

Suggested Citation

  • Sebastien Lotz & Guillaume Rocheteau, 2004. "The fate of one-dollar coins in the U.S," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
    • Handle: RePEc:fip:fedcec:y:2004:i:oct15
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Why loonies circulate but Susan B. Anthony dollars don't
      by JP Koning in Moneyness on 2014-06-09 01:56:00

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    Cited by:

    1. Bouhdaoui, Y. & Bounie, D., 2012. "Efficient payments: How much do they cost for the Central Bank?," Economic Modelling, Elsevier, vol. 29(5), pages 1579-1584.

    More about this item

    Keywords

    Dollar; American; Coinage;
    All these keywords.

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