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Economic Commentary

The Fate of One Dollar Coins in the U.S.

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The United States has introduced two one-dollar coins in the past 25 years, both of which have not circulated widely. Many other countries have replaced lower-denomination notes with coins and have achieved wide circulation and cost savings. Lessons from those countries suggest that achieving widespread use of a dollar coin is much harder if the note is allowed to remain in circulation.

10.15.2004ISSN 2163-3738 EC 10/15/2004

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Lotz, Sébastien, and Guillaume Rocheteau. 2004. “The Fate of One Dollar Coins in the U.S.” Federal Reserve Bank of Cleveland, Economic Commentary 10/15/2004.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International