Originally Posted by
mahasamatman
And I believe the reason is because if they got rid of it, there wouldn't be any paper currency with George Washington's picture on it. I vote for a $3 George...
It's too bad because they really should dump the $1 bill and the penny.
That's what they claim, here's the real reason :
"Who on earth thinks like this? People who have a vested interest in producing dollar bills, that's who. They come, principally, from three groups: the folks at the BEP; Mississippi cotton farmers, whose fibers make up the 100-percent-rag currency paper; and Crane & Company, a Massachusetts paper mill known for excellent stationery and a century-old papermaking contract with the government. Around the time the Sacagawea was proposed, they formed a lobbying group called Save the Greenback, which, according to press accounts, had the ear of Sen. Trent Lott of Mississippi and, back when he was in Congress, Rep. Joe Kennedy of Massachusetts."
from
http://www.slate.com/id/2161901/