Why US Mint keeps producing dollar coins

by Coin Collecting News on August 29, 2010

In hidden vaults across the country, the US government is building a stockpile of $1 coins. The hoard has topped $1.1bn – imagine a stack of coins reaching almost seven times higher than the International Space Station – and the piles have grown so large the US Federal Reserve is running out of storage space.

Americans won’t use the coins, preferring $1 notes. But the US keeps minting them anyway, and the Fed estimates …

Full Article: Why the US keeps minting coins people hate and won’t use – BBC News

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