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Still cold to hard cash; Public slow to swap bills for presidential $1 coins.

Publication: The Washington Times
Publication Date: 11-JUN-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Still cold to hard cash; Public slow to swap bills for presidential $1 coins.(BUSINESS)

Article Excerpt
Byline: Adam Terese, THE WASHINGTON TIMES

Paper money can cause problems for vending machine owners - more service calls to fix the machines, more hassle in dealing with crumpled bills and a loss on sales from unaccepted bills.

So the vending machine industry welcomed the $1 coins when the U.S. Mint started its presidential series Feb. 15, said Brian Allen, director of government affairs and counsel for the National Automatic Merchandising Association.

But the presidential dollars haven't been nearly as popular as the successful state quarter series, and vending machine officials have seen few of the coins.

The Mint released the John Adams $1 coin into circulation May 17, the second in a series that features four presidential dollars each year. The first in the series, the George Washington coin, was released Feb. 15.

About 304 million Washington $1 coins and 202 million John Adams...

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