Save_the_Greenback Save_the_Greenback

Save the Greenback - Definition and Overview

Save the Greenback is an organization of U.S. Bureau of Engraving and Printing employees and paper and ink suppliers opposed to phasing out the paper dollar[1] (http://www.kristinehenrycarlson.com/dollar_coin.html). The group formed to counter the influence of the Coin Coalition.

Public opinion has tended to favor the dollar bill, although in 2000, the Government Accountability Office reported that a full implementation of the dollar coin could save $500 million a year[2] (http://www.gao.gov/archive/2000/gg00111r.pdf). Save the Greenback successfully prevented a dollar bill phaseout with the help of legislators such as Mississippi Senator Trent Lott. Lott's constituency includes the powerful cotton industry, which produces fabrics used in the paper dollar and Senator Ted Kennedy whose state includes the Crane Paper Company which produces American banknote paper.

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