When paper dollars are squared up against $1 coins, who comes out the winner and why? Clearly, as the "fun facts" money table shows, the one dollar bill wins out as the currency of choice by a wide, wide margin.
$1 Bill versus $1 Coin: Which is the Winner Today?
| $1 Bill and Coin Fun Facts |
$1
Bills
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$1
Coins
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Comments
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| It takes 56 $1 coins to equal 1 pound (lb), or 455 $1 bills. |
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$1 coins are much HEAVIER for consumers and businesses. |
| Paper money is composed of 25% linen and 75% cotton. $1 coins are made mostly of manganese-brass (88.5%) and copper (6%). |
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Paper money can be folded and shaped to fit nearly anywhere. It’s CONVENIENT. |
| A stack of dollar bills one mile high would contain over 14.5 million notes. It would take 804,672 dollar coins to reach a mile. |
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$1 bills are LESS BULKY. |
| The BEP produced 4.147 billion $1 notes in FY 2007. The United States Mint produced 0.941 billion $1 coins in 2007. |
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$1 bills are USED DAILY in transactions. Where are all those $1 coins? |
| It costs ~16 cents to make $1 coins, and each has a life span of about 30 years. It costs ~ 6.2 cents to make $1 bills, and they have a life span of about 21 months. |
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$1 coins are much more ECONOMICAL. |
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