Dollar Coin Initiative
What is it?
Legislation to circulate pre-made and stored dollar coins, saving millions of dollars.
What it Means for Bulk Vending:
A widely circulated dollar coin would change the industry in the US, and save billions.
According to a report released last March by the Government Accountability Office, hundreds of millions of taxpayer dollars are wasted each year by the continued use of the dollar note. The report, “Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government,” found that the transition would save the government an average of $184 million per year and approximately $5.5 billion over a 30 year period.
What has the NBVA Done:
Joined the Dollar Coin Alliance.
Where We Are Now:
Trying to get a house financial services subcommittee hearing.