Have you wondered what the lifespan of a coin is? When I started collecting coins at the age of 11, that was one of the first things I wondered – how long does a coin last before it is too worn to use?
Not long after I started collecting coins in the early 1990s, my question was answered when I heard about a report that was conducted by the U.S. Government Accountability Office (GAO). This study concerned the average lifespan of coins and, more specifically, how much the United States government would save if our nation replaced the dollar bill with a dollar coin.
The study cited a comparison between the lifespan of dollar coins versus dollar bills: the average dollar coin would stay in circulation for 30 years. The dollar bill? A mere 18 months
Read more: What’s The Lifespan Of A Coin? Find Out How Long Coins Last