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New U.S. Dollar Coin (CRS Report for Congress)

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Release Date Jan. 5, 2001
Report Number RS20574
Report Type Report
Authors Pauline Smale, Government and Finance Division
Source Agency Congressional Research Service
Summary:

A new one-dollar coin was authorized by P.L. 105-124, enacted on December 1, 1997. Critics have noted the law did not provide what they consider an important step, taking the one-dollar note out of circulation. They doubt the coin will circulate successfully without a phase out of the dollar note.