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15min chapter
Groundhog Day 2024: Trademark, bankruptcy, and the dollar that failed
Planet Money
The Coin Fiasco: Smaller Dollar Coins in the US
This chapter discusses the introduction of smaller dollar coins in the US in 1979, starting with the excess of unused Ike dollars and the decision to create smaller coins. They mention Treasury Secretary Michael Blumenthal witnessing the first production of the new dollar coin featuring Susan B. Anthony's face. Despite the government's PR campaign, the Susan B. Anthony dollar coin was considered a failure and ended up unused in government vaults.
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Listen to the best highlights from the podcasts you love and dive into the full episode