Will somebody tell me what is going on with the Washington dollar coin? I thought the mint was going to distribute this coin to banks. But the first Bank of America branch I went to, the day after it was supposed to have the coin, said, well, they were late, but would have the coins tomorrow. A few days later I made a drive-through deposit at the same bank and was told I would have to come inside to get Washington coin. I was on the way to work and didn't have time to park and go inside. My next experience was with a Bank of America branch inside a supermarket. The manager there told me they didn't have the Washington because they were in a supermarket. But, he assured me, if I went to a standalone branch I could get the coin there. A couple of days later I went to a B of A standalone and asked about the coin. Both a teller and a manager told me that none only did they not have the Washington, but they weren't going to have it. They said the only way they would have those coins was for private citizens to bring them in! I still don't have a Washington. What is going on here? Is there confusion between the gold Washington and the "golden" one? Is it only the former that is being distributed to banks?
Most banks won't and don't order them, simply because they are afraid of most of them just laying in a vault, like the sacs. They don't think they will circulate. Weird on the supermarket, one of the banks I go to is in a Wal-Mart, and they have plenty. Might be just an excuse. Good luck on getting them. :thumb: Phoenix
"I still don't have a Washington. What is going on here? Is there confusion between the gold Washington and the "golden" one? Is it only the former that is being distributed to banks?" The gold coins are NOT being distributed to the banks. Only the so called "golden" dollars, like the Saci's.
A bank must order a min on $1000 to get the coins, over 40 presidents that could get to be a lot of storage for crap people aren't buying
What My bank told me was that the feds were making them order the GW dollars because the feds wanted them in circulation...so I've been doing my part John
Somebody at your bank doesn't know what they are talking about - the Fed can't make them order anything.
I have been using them at our local WAWA and I used 3 today on the Walt Whitman Bridge for toll. Gunsmoke Link to Federal Reserve in Philly / Commemorative Coin program http://www.frbservices.org/Cash/comcoin/philadelphia.html
the feds can force the banks to take these coins, with an act of congress. but it would be hard to come up with an explanation to the banks why they have to take them. retail business needs singles for change. the banks could try to force retail customers to take a perentage of their money orders in presidential dollars. bottomline, these presidential dollars could go to the melt oven, if its a total failure. you might say, the government doesnt melt coins anymore. what they havent done in twenty years, or thirty years, or more, doesnt mean they wont do it next week.
