Sound Off for November 30th: Are you in favor of doing away with the dollar bill?

Published On: Nov 30 2012 01:18:23 PM PST
dollar coins

The Government Accountability Office is making its case to do away with the dollar bill.

In a hearing before a House Committee yesterday, the non-partisan, investigative arm of Congress tried to convince the U.S. why coins make more sense.

The GAO says a one dollar coin typically costs about 30 cents for the U.S. Mint to produce.

But the government can sell them to Americans for a dollar each.

In contrast, producing a dollar bill is much cheaper, it only costs about 5-cents apiece.

But they wear out far more quickly than coins, and typical last less than five years.

This won't be the first time the GAO makes its case, it's been recommending the change for 22 years.

Would you be in favor of killing the dollar bill for the coin?

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