U.S. Mint Ends Presidential Dollars for Airline Miles Coin Scam
It all started with the Presidential One Dollar Coin Act of 2005, an effort that was meant to save taxpayer money, by encouraging Americans to use dollar coins instead of paper bills. The theory was that coins have a longer circulation life, and hence, they would be the superior alternative.
Of course, that theory was flawed. Like most government programs, they forgot to address the basic question . . .