GREENBACKS- WE HATE EM'

At the begining of this month, The United States Treasury has once again introduced a new set of dollar coins on a limited release that will eventually include every American President. This is the fourth time that the government has tried to move america from dollar bills to coins, but only found refuge in coin collectors. The new attempt to move american spenders from dollars to coins is due to the circulation. Coins cost more to make than the dollar, but the coins will be in circulation for 30 years, and a dollar bill only lasts 22 months. Also, canadian and australian dollars are made of metal.
The United states General Accounting Office said that america would save 500 million dollars a year in production costs if we shifted to coins. However, people will have to use them for them to circulated. Many americans refuse to pay in dollar coins, and some businesses refuse to accept them.
The coinage act of 1792 gave the US treasury the power to regulate coinage of american currency. It established a decimal system for the goverment. However during the 19th century, efforts to scrap the greenback were always occuring. During the panic of 1873, the members of the "GreenBack Party" pushed for the opposition of hard money and the issue of paper money to save those in debt, and to save small businesses. It would keep more money in circulation.