Dollar coin (United States): Difference between revisions

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The Sacagawea Golden Dolar: relink canadian dollar
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The U.S. government hoped that the new issue of the [[Sacagawea]] dollar coin would be popular in order to replace the paper [[United_States_dollar|one dollar bill]], but paper currency remains more common. Coins are more durable than bills and for highly used denominations such as $1 the wear and tear on the notes make coins more economical to produce.
 
The [[United States Mint]] took great care to create the coin with the same size, weight, and electromagnetic properties as the earlier [[Susan B. Anthony dollar]], but with a golden color. Unfortunately, the selected alloy also has a tendency to blacken with tarnish, ruining the desired effect (unlike [[Loonie| Canadian Dollar]]dollar coins]] which retain a yellowish appearance even with wear).
 
The continued printing of $1 bills, along with a tendency to hoard the new dollar coins, is credited with the failure of the latest dollar coin. The U.S. Mint suspended production of Sacagawea Dollars after the [[2001]] minting, citing sufficient inventory. The coin continues to be minted in small circulation and proof quantities each year for sales to [[numismatics|numismatists]] as of [[2004]].