Replacing $1 Bill With Coin Could Save $5.6 Billion

Replacing $1 bill with coin could save $5.6 billion

Deficit-cutting panel looks at phasing out the $1 bill and replacing it with a $1 coin.

Senh: It's over 30 years, though - so, very roughly $200M/year if we round it up to $6B in savings. That's not bad. It just means more coins in my pocket now. I didn't know paper money only lasts about 3.5 years. What do people do with worn out money? Do they just go to the bank and exchange it for new ones?

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