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According to Randy Chilton, manufacturers converted machines to accept the , a rival organization supporting continued dollar bill production. In 1995 , Thomas M. Davis , introducing the Save The Greenback Act , warned that customers' pockets would be weighted down with heavy coins. However, a 1997 Wall Street Journal article refuted that notion by noting, "This argument ignores the vast number of quarters now required for parking meters, vending machines, buses and many other staples of life. For a lot of transactions, an attractive $1 coin would be a great convenience. And although we would all be walking around with a few $1 coins, they would be replacing several quarters" {Link without Title} . Eliminating the penny would entail rounding purchases to the nearest Nickel . In advocating abolition of the penny, the Coin Coalition cites three penny-related costs that are passed on to consumers {Link without Title} :
James C. Benfield , a partner with Bracy Williams And Company ( Washington, D.C. ), led the Coalition from 1987 until his death. He testified in committee hearings on the United States $1 Coin Act Of 1997 . REFERENCES
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