Here at The Consumerist, we have a long-standing anti-penny stance, but we’re somewhat in favor of the gold-colored dollar coins. They’re shiny! The Sacagawea ones have a woman on them! They save the government money! Except a new Government Accountability Office report mentions something interesting that we haven’t discussed here before. Just replacing more fragile dollar bills with durable coins doesn’t save any money at all. Minting and distributing all of those coins costs a lot. Instead, all of the cost savings would come from Americans throwing dollar coins in jars instead of circulating them. [More]
