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Re-Introduced COINS Act Seeks to Replace $1 Bills With $1 Coins

June 13, 2013 in Coins, Currency, News, Numismatica, Numismatics, USA Coins

June 12, 2013 By Michael Zielinski (http://news.coinupdate.com)
A bipartisan group of Senators has re-introduced a bill which seeks to improve the circulation of $1 coins and remove barriers to their use, which would eventually set the stage for the $1 coin to replace the $1 Federal Reserve Note as the only $1 monetary unit issued and circulated by the Federal Reserve System.
The bill S. 1105: Currency Optimization, Innovation, and National Savings (COINS) Act was introduced on June 6, 2013 by Senators Tom Harkin of Iowa, John McCain of Arizona, Mike Enzi of Wyoming, Tom Coburn of Oklahoma, and Mark Udall of Colorado. In the 112th Congress, similar bills had been introduced by bipartisan groups in both the House of Representatives and Senate, but failed to become law.
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