Groundhog Day 2024: Trademark, bankruptcy, and the dollar that failed
Planet Money
00:00
The Susan B. Anthony Dollar: A Coin Fiasco
This chapter explores the ambitious 1975 Treasury Department study advocating for the replacement of the one-cent coin and the introduction of the Susan B. Anthony dollar. Despite intended cost savings and the historical significance of honoring a prominent woman, the coin faced public backlash and became known as a 'cointastrophe'. The discussion weaves together humor, historical insights, and the experience of using these coins in modern transactions, highlighting their ultimate failure to gain acceptance.
Play episode from 15:58
Transcript
