Ordering Period starts tomorrow (08/02)
http://www.frbservices.org/FedFlash/....html#article3
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The Thomas Jefferson $1 Coin, third in the Presidential $1 Coin Program, is scheduled for public release on August 16, 2007. Depository institutions (DIs) can order unmixed quantities of the coin from Federal Reserve Banks during a special six-week order period, August 2 – September 13, 2007.
As each Presidential $1 Coin is released, DIs can order unmixed quantities two weeks in advance of the public release date, but are not authorized to release the coin to the public in advance of the release date. Boxes and bags of Presidential $1 Coins are sealed with labels that instruct “Do not release until August 16, 2007.”
For the four weeks following the release date, DIs may continue to order unmixed quantities of that specific coin. If a DI specifically requests the most recently-released design of the Presidential $1 Coin after the special order period ends, and the Reserve Bank office has supplies to fill the order, the Reserve Bank can choose to fill the order with that design. Deposits of $1 coins must continue to be made in bags containing $2,000.
Key dates for the Thomas Jefferson $1 Coin
August 2, 2007, pre-release staging period begins:
Federal Reserve Bank offices will fill all dollar coin orders with unmixed Thomas Jefferson $1 Coins in boxes containing $1,000 worth of wrapped $25 rolls (unless a DI makes a special request for $2,000 bags).
DIs may distribute coins to centralized vaults, branches and respondent bank customers prior to August 16, 2007, but are not authorized to distribute the coin to other parties, including customers and the public.
DIs that want to order $2,000 bags of loose Thomas Jefferson $1 Coins should contact their local Federal Reserve Bank to place a special order for bags.
During the entire six-week special order period only, the minimum order from the Federal Reserve for boxes of the Thomas Jefferson $1 Coin is $1,000 and box orders must be placed in increments of $1,000. The minimum order for bags of unmixed loose $1 coin is $2,000 and bag orders must be placed in increments of $2,000.
August 16, 2007, public release date:
On August 16, 2007, DIs may begin providing the Thomas Jefferson $1 Coin to all customers and the public.
Federal Reserve Bank offices will fill all $1 coin orders in the same $1,000 sealed boxes (minimum order $1,000 and order increments of $1,000) as during the pre-release period, or in $2,000 bags by special request (minimum order $2,000 and order increments of $2,000).
September 13, 2007, special ordering period ends:
After September 13, 2007, Reserve Banks will fill orders for $1 coins using the customary practice of providing loose, circulated $1 coins in $2,000 bags. If a DI specifically requests the Thomas Jefferson $1 Coin between September 13 and October 31, 2007, (the start of the special order period for the James Madison $1 Coin), and the Reserve Bank office has supplies to fill the order, the Reserve Bank can choose to fill the order with Thomas Jefferson $1 Coins.
DIs may order wrapped rolls of Thomas Jefferson $1 Coins in boxes using the FedLine Web and FedPhone Access Solutions. Customers who need to place a special request during the special order period for $2,000 bags of unmixed Thomas Jefferson $1 Coins or $2,000 bags of mixed $1 coins, or customers specially requesting Thomas Jefferson $1 Coins after the special order period ends, should contact their local Federal Reserve Bank office.
Information about ordering and the schedule for future Presidential $1 Coin releases will be posted on the FedCash® Services web site at
www.frbservices.org/Cash/presidentialdollar.html. Additional information about the Presidential $1 Coin Program, including free informational and promotional materials, is available at www.usmint.gov/$1coin.
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