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A pile of newly minted $1 coins honoring former President Thomas Jefferson are unveiled by the U.S. Mint in Washington, D.C., in 2007. In a turnaround, congressional analysts are no longer recommending a phaseout of paper dollars in favor of a dollar coin. Jim Young/Reuters hide caption

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Jim Young/Reuters

Government Watchdog Flips On Dollar Coin

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Teacher Rebecca Kayes shows off the dollar coins she uses in Quito, Ecuador. Rebecca Kayes hide caption

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Rebecca Kayes

Dollar Coins In The Wild

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When Canada switched to dollar coins, or "loonies," its simply took the country's dollar notes out of circulation. The GAO says the U.S. needs a similar plan. Ryan Remiorz/AP hide caption

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Ryan Remiorz/AP