Numismatics
U.S. Congress reopens debate over replacing dollar bills with coins
The United States loves its paper money. Dollar coins get introduced and re-introduced but they still remain the domain, largely, of vending machines. But a new bill in Congress seeks to change that, by phasing out the paper dollar bills. And supporters say it would bring a financial boon for the government.
Is Abe Lincoln Safe?
Today marks the last day the Royal Canadian Mint will distribute the penny, a coin that has been in production in Canada for more than 150 years. The sinking of the Canadian penny is a recognition of the reality that it costs of 1.6 cents to manufacture a penny, and that many people consider them more of a […]
Can We Survive Without the Penny?
Canada’s decision to stop producing its penny has launched a discussion in the U.S. In Canada, it costs 1.6 cents to produce a penny – so getting rid of the coin will save the country an estimated 11 million Canadian dollars a year. Meanwhile, in the United States it costs 2.4 cents to make a […]
