Image: Figure 2 Estimated Cumulative Present-Value Net Loss to the Government from Actively and Gradually Replacing $1 Notes with $1 Coins over 30 Years (46756288014)

Description: This image is excerpted from a U.S. GAO report: <a href="https://www.gao.gov/products/GAO-19-300" rel="noreferrer nofollow">www.gao.gov/products/GAO-19-300</a> U.S. CURRENCY: Financial Benefit of Switching to a $1 Coin Is Unlikely, but Changing Coin Metal Content Could Result in Cost Savings Notes: Under a gradual replacement scenario, the Federal Reserve would replace unfit $1 notes—that is, damaged or soiled notes removed from circulation—with $1 coins. Under an active replacement scenario, the Federal Reserve would replace notes with coins irrespective of the notes' condition. Present value uses a rate, known as the discount rate, to convert the value of payments or receipts expected in future years to today’s value, taking into account that the further into the future an amount is paid or received, the smaller its value is today.
Title: Figure 2 Estimated Cumulative Present-Value Net Loss to the Government from Actively and Gradually Replacing $1 Notes with $1 Coins over 30 Years (46756288014)
Credit: Figure 2: Estimated Cumulative Present-Value Net Loss to the Government from Actively and Gradually Replacing $1 Notes with $1 Coins over 30 Years
Author: U.S. Government Accountability Office from Washington, DC, United States
Usage Terms: Public domain
License: Public domain
Attribution Required?: No