# Cancel the Coin Act: Plain Language Summary

The Cancel the Coin Act would stop the U.S. Mint from producing dollar coins. Right now, the government makes various dollar coins—like the Presidential dollars, Native American series, and Sacagawea dollars—but most Americans rarely use them. This bill would end that production entirely and require the Mint to focus its resources and equipment on making coins that people actually use in everyday transactions, like pennies, nickels, dimes, and quarters.

The main reason behind this bill is practical economics. Dollar coins cost money to produce, and the government has to store and distribute them even though they sit unused in vaults and rarely circulate. By stopping dollar coin production, the Mint could save money and reduce waste. The bill doesn't affect paper dollar bills—those would continue as normal—and it doesn't change anything about coins already in circulation. If you have dollar coins now, you can still use them or keep them.

This change would primarily affect coin collectors who enjoy the artistic designs on special dollar coins, and it might slightly reduce the Mint's operational costs. For most everyday Americans, this wouldn't make much difference since most people don't use dollar coins anyway. The bill is essentially saying: stop making products that nobody wants, and use those resources more efficiently.

Cancel the Coin Act

Lee, Mike

Cancel the Coin Act This bill prohibits the Department of the Treasury from minting or issuing any coin, including platinum bullion coins and proof platinum coins, having a nominal or face value exceeding $200. In addition, Treasury is prohibited from depositing, and the Federal Reserve is prohibited from accepting, any platinum bullion coins or proof platinum coins to be applied to the Treasury's account.