Coin of the Realm : Changing U.S. Coins

Anne C Prescott

ISBN 10: 1614700796 / ISBN 13: 9781614700791

Published by Nova Science Publishers Inc Jan 2012, 2012

About this Item

Neuware - Over the past 40 years, many countries have replaced lower-denomination notes with coins as a means of providing a financial benefit to their governments. Replacing the $1 note with a $1 coin would provide a net benefit to the U.S. government of hundreds of millions of dollars annually. Most recently, in 2000, the Government Accountability Office estimated a net benefit to the government of about $522 million annually. Additionally, there have been several attempts to pass legislation that would place the likeness of President Reagan on U.S. coin or currency, as has been done with other deceased Presidents. This book examines the societal effects such replacements would have, as well as the history of the current design of circulating coins and currency and the statutory requirements for designs and portrait changes, and possible issues raised by legislation.

Seller Inventory # 9781614700791

Bibliographic Details

• Title: Coin of the Realm : Changing U.S. Coins
• Publisher: Nova Science Publishers Inc Jan 2012
• Publication Date: 2012
• Language: English
• ISBN 10: 1614700796
• ISBN 13: 9781614700791
• Binding: Buch
• Condition: Neu
• Dimensions: 238W x 163H x 13D millimeters 238 millimeters width by 163 millimeters height by 13 millimeters depth
• Weight: 318 grams

About this title

Synopsis

Over the past 40 years, many countries have replaced lower-denomination notes with coins as a means of providing a financial benefit to their governments. Replacing the $1 note with a $1 coin would provide a net benefit to the U.S. government of hundreds of millions of dollars annually. Most recently, in 2000, the Government Accountability Office estimated a net benefit to the government of about $522 million annually. Additionally, there have been several attempts to pass legislation that would place the likeness of President Reagan on U.S. coin or currency, as has been done with other deceased Presidents. This book examines the societal effects such replacements would have, as well as the history of the current design of circulating coins and currency and the statutory requirements for designs and portrait changes, and possible issues raised by legislation.