Ulysses S. Grant $1 Dollar Coin Value: A Net Benefit for the Government?

A recent Government Accountability Office study suggests that switching to a dollar coin would provide a net benefit of about $5.5 billion over 30 years. While some argue that the cost savings come from coins being cheaper, others point out that coins last longer and are more cost-effective than bills.

Leslie Paige, representing Citizens Against Government Waste, believes the government should withdraw the dollar bill from circulation and force Americans to use coins instead. According to Paige, coins do not need to be disposed of as frequently as bills, which would create a source of revenue for the government.

Proponents of the Presidential $1 Coin, such as Leslie Paige, argue that the design is more aesthetically pleasing than dollar bills. The coin features larger artwork and edge-inscribed inscriptions, including the year of minting or issuance, 'E PLURIBUS UNUM,' and the mint mark.

From 2007 to 2016, the Mint issued four Presidential $1 Coins per year, each with a common reverse design featuring a striking rendition of the Statue of Liberty. The program aimed to revitalize the design of United States coins and return circulating coinage to its position as an object of beauty.

Despite some concerns about public acceptance, many believe that Americans can adapt to using dollar coins. Paige notes that people already carry quarters in their pockets without issue, and she thinks they will similarly accept dollar coins if given the opportunity. The composition of the Presidential $1 Coins is identical to that of other dollar coins, making them a viable alternative.

In conclusion, while some may question the value of switching to a dollar coin, the evidence suggests that it could provide a significant net benefit to the government. As proponents argue, coins last longer and are more cost-effective than bills, creating a source of revenue for the government. With its attractive design and potential benefits, the Ulysses S. Grant $1 dollar coin is an intriguing option worth considering.

Ulysses s grant 1 dollar coin value