Do away with the dollar bill?

The thought of switching out the dollar bill to the 1$ coin has been tossed around for a while. But no one has really wanted to switch over to the coin due to the inconvenience of carrying around a pocketful of them. But new arguments have arisen about switching over to the coin. One of the most compelling is that it would save taxpayers about $4.4 billion over the next thirty years. Despite the inconvenience of carrying around a pocket of coins, the tax cuts could make people think otherwise. Over the past five years, the U.S. has produced 2.4 billion presidential 1$ coins, but production was suspended about a year ago. The mint is preparing a report for Congress showing how changes in the metal coins could save money. The US Mint report, which is due in mid-December, will have the results of nearly 18 months of work exploring a variety of new metal compositions and evaluating test coins for traits such as hardness, resistance to wear, availability of raw materials and overall costs. A penny currently costs more than two cents to make and a nickel cost more than 11 to produce. Moving to multi-plated steel for coins would save the government nearly $200 million a year. The dollar coin saves tax payers money because the coin can circulate around the U.S for 30 years before it needs to be replaced while paper bills need to be replaced every four to five years. Canada has already switched over to the 1$ coin and the chief operating officer said that the people love it, they love it so much that they even came out with a 2$ coin. With this happening so successfully in our neighbor to the north, perhaps the US could be persuaded to take the leap to coins and doing away with bills. All in all the sides are pretty even in the argument. You can really make a case for or against the 1$ coin. This is why it has been such a discussed topic and nothing has been decided yet.