Personal Finance Advice and Commentary

Monday, December 19, 2011 12:40 pm
By Claes Bell, CFA · Bankrate.com

There’s a lot to like about $1 coins. They are more durable than paper money, and they’re easier and cheaper to handle. The only problem is, Americans hate using them. Because of that, the Federal Reserve has literally entire warehouses full of unused $1 coins returned to them by banks because people don’t want them.