Tuesday, January 25, 2011

Who Knew the United States Had a Loonie, Too?

Problem is, the dollar coin has never caught on in the land of the greenback.

The plight of the American loonie is so desperate that Abraham Lincoln has been promoted from the penny to save it. You could do a lot of shopping in this country without knowing the United States even has an imitation-gold-coloured one-dollar coin -- most people here have no idea it exists -- but the fact is half a billion of them are stamped out every year, and almost none of them ever is spent in commerce, except by me.

Or, as one sheepish official of the Treasury Department recently obfuscated to Congress . . .

Full story at: The Edmonton Journal

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