Americans continue to turn backs on $1 coins

Few Americans realize it, but there’s a stash of more than $1 billion sitting in Federal Reserve vaults that apparently almost no one wants.

Unused dollar coins have been quietly piling up in breathtaking numbers (see above photo), thanks to a government program that has required their production since 2007, according to NPR.

And even though the pile of coins recently passed the $1 billion mark, the US Mint will keep making more and more of the coins under a congressional mandate, it added.

“The pile of idle coins, which so far cost $300 million to manufacture, could double by the time the program ends in 2016, the Federal Reserve told Congress last year,” according to NPR.

Continue reading