Number: RS20574 Title: NEW U.S. DOLLAR COIN Authors: Pauline Smale, Government and Finance Division Abstract: A new one-dollar coin was authorized by P.L. 105-124, enacted on December 1, 1997. Critics have noted the law did not provide what they consider an important step, taking the one-dollar note out of circulation. They doubt the coin will circulate successfully without a phase out of the dollar note. Pages: 6 Date: Updated January 5, 2001