Replace Dollar With Gold Coin

Replace Dollar With Gold Coin
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Republican House members have proposed a bill that would replace the one-dollar bill with a dollar coin, ultimately saving taxpayers money.

David Schweikert (R-AZ), Jeb Hensarling (R-TX) and another House Republican proposed the bill titled the Currency Optimization, Innovation and National Savings (COINS) Act.

The House members say the U.S. would save $184 million a year just by switching to the use of the coin. According to, “Schweikert said his proposal would save taxpayers billions of dollars over the next few decades by switching to a dollar coin in four years, or as soon as $600 million worth of dollar coins have entered the money supply. A whopping 3 billion paper dollars are shredded every year, and continuing destruction and construction of the paper dollars costs the government too much, he said.”......READ MORE

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