US Mint ends production of one dollar coins

Last Tuesday, 13 December 2011, The U.S. Mint announced that current production of one dollar coins is ending. The Mint will continue to produce a few one dollar coins for collectors, as required by law. But these will have numismatic value, and cost more than $1.00.

instead of producing 70-80 million coins per president, the Mint will now only produce as many as collectors order.

US Mint one dollar coin

2010 Native American $1 Coin reverse

Forty percent of $1 coins were returned, unwanted, to the Federal Reserve Bank each year.

Circulating demand for $1 coins will be met through the Federal Reserve’s existing stockpile, which will be drawn down over time.

My favorite $1 coin featured Sacagawea, guide to Lewis & Clark. This is the 2010 Native American $1 coin, reverse side. It is beautiful. Click through for full details from the U.S. Mint. (more…)

Published in: on December 16, 2011 at 12:23 pm  Comments (6)  
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