Congress is kicking around the idea of replacing the dollar bill with dollar coins. Federal auditors have determined that the move could save taxpayers roughly $4.4 billion over the next 30 years. Coins can stay in circulation for up to 30 years, while paper bills only have four to five-year lifespans. Still, at a time when cost-cutting measures seem to be something of a necessity, few Americans seem to be behind the idea. Canada has dollar coins called ‘loonies’…what should we call a $1 coin if we make the switch?
If this is could save us taxpayers $4.4 BILLION dollars….stop asking our opinion and just save the money!
When Canada introduced its now popular $1 piece, affectionately nicknamed the ‘Loonie,‘ and found it so popular that the country also went to a $2 coin called the ‘Toonie.‘
This begs the question, if we switch to a $1 coin, what would be a cool nickname for it?