US Mint & Metro Introduces New $1 Coins
Posted on 12. Oct, 2009 by admin in Presidential Dollars, US Coins
This is a video featuring US Mint Director Ed Moy at a ceremony launching the use of $1 coins by the Washington Metro Transit System. It took place in December 2008 and also contains a few words from Metro's Chief Financial Officer Carol Kissal.
"We're here to tell you about a new collaboration..." starts Mint Director Moy at the beginning of the ceremony, "that places millions of one dollar coins into the Metro Farecard vending machines."
The District of Columbia's Metro consists of the second largest subway network and the fifth largest bus system in the United States. As such, it is an ideal place to make the dollar coins available to the general public in their everyday activities.
"One dollar coins....last for decades," Moy says extolling the virtues of the coins over dollar bills. "They last for 30 to 40 years, and when they wear out, they're 100% recyclable."
Carol Kissal then takes a turn at speaking and explains that before the change, all of the machines only dispensed quarters and nickels. Now the dollar coins will be used as well.
Both Kissal and Moy take a few moments to show the vending machines in action.
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US $2,100.00

