good morning everyone would you call these uncirculated I know they're not proofs by the way do dollar coins have a w on them too tnks
If you go to one of those dollars coin dispensers, then you can buy them and they are usually uncirculated. But they are worth about face value.
I put a few uncirculated in my pocket when I go to the golf course and give them as tips. They are not worth much else.
These coins have not been popular with collectors or the general public. The presidential dollar series turned out ot be a flop. The U.S. Mint System has produced millions of them, and they are mostly in government storage. The government stopped issing them for general circulation. Now they are sold at more than face value by the mint.
Another example of the government bureaucrats telling the masses what they want. Sorry for the political statement, but I just can't help myself.
Seems to me they've not had too much success issuing dollar coins for quite a long time. It seems the Susan B Anthony dollar coin wasn't that popular either. I think it has to do with the physical size of the coin. A silver dollar used to stand out, for one reason, because it was bigger then all the other US coins. The Susan B Anthony coin is almost the same size as the quarter and now this most current dollar coin isn't much bigger than that. I remember when I was a really little kid, if I got to handle a silver dollar, that was a really big deal to me. Because it was so much bigger then all the other coins. Perhaps this is one of the reasons the smaller dollar coins really don't get too much attention.
Wasn't the issuing of the SBA's an attempt to replace the $1 bill? For that matter, the reissue of the $2 bill in 1976 for the Bicentennial. That's what I remember from '76, '79. Then again in '99. At that time, I worked in retail and the SBA's were so close, in size, to a quarter that they were often mistaken as such, costing the retailer 75 cents or more on the transaction. I even experienced this with a bank teller. (You'd think they would know or had some training). Then the Sacajawea came out but the general public still liked the paper bills. However, after about "2 weeks" in circulation the coins they went from bright and shiny to ugly and very dark. People didn't like and stopped using them. Then we saw a change in the alloy, to help keep that "golden" look, and out come with the Presidential dollars and that pretty much did a belly flop. Now the various Sacajawea's and Innovation's dollars, for collectors, but I don't see much interest in them either. Anyway why have we gone through all this? At least in part to the desire to replace and eliminate the $1 bill. I read somewhere that an average $1 bill has a circulation life of just a few months and costs over a dollar to print. Until the US public makes the paradigm shift to 1 and maybe 2 dollar coins, I don't see that changing anytime soon. Sorry about running off the original OP question. I'm not an expert but I'm not aware of any small dollar coins being minted at West Point, to date. Just my opinion.
I think congress passed a law requiring the production pf the "gold" dollars and we must keep producing them even though there is no need or desire. Take all of the in storage and rebuild the infrastructure.
The law requires that the Native American Dollars and now the Innovation Dollars be minted by the Secretary of the Treasury in quantities determined by him/her. Since the Fed is not ordering dollar coins, the appropriate quantity is whatever is required to meet collector demand. This makes them effectively NIFC. Just like other banana republics.
As has been said many, many times, the reason dollar coins do not circulate is because of the continued printing of the one dollar note. Given the choice, Americans will do what they're accustomed to do which is use the dollar note for daily transactions. Additionally, it appears, the paper manufacturer, Crane Paper Company in Boston, the paper supplier for the treasury has a more powerful lobby than the copper and zinc and nickel mining lobby. Canada made the switch 33 years ago from $1 paper notes to dollar coins without too much problem. This switch would actually save the U.S. taxpaer millions.
The fact is that paper dollars in change go back into the wallet and are spent. Coins go into a jar, get rolled and deposited in the bank. 4$ in bills don't make my pocket unpleasantly heavy. 4$ in coins do.
That's the most logical explanation, IMO. I'd rather have a wallet full of bills then a pocket full of change.
The Eisenhower dollar, Susan B. Anthony dollar, Sacajawea dollar, Presidential series, all were belly flops buy our esteemed leaders, our "betters" and critical thinkers. Bureaucrats with Common Sense is an anomaly. The only way the government will force the American public to accept $1 coins is to STOP PRINTING ONE DOLLAR BILLS.