Paper bills are costly to use. Paper notes only last an average of 40 months compared to the average life of 34 years for coins. The Government Accounting Office estimates a savings of $5.5 billion dollars over 30 years with the replacement of paper $1.00 bills with coins. lager denomination coins are also much more convenient and reliable for use in vending machines, parking meters, etc.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
