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<p>[QUOTE="19Lyds, post: 2092611, member: 15929"]Just so we are straight on this, the Federal Reserve Bank ceased ordering Presidential Dollars in December 2011.</p><p><br /></p><p>As such, since the US Mint was required by law to produce them, they continued production but only for collectors. Excess amounts are stored "by" the US Mint in US Mint vaults. The Federal Reserve Bank has not received ANY 2012 to date Presidential Dollars from the US Mint.</p><p><br /></p><p>The US Mint produces circulating coinage according to "orders" received from the Federal Reserve Bank. If the Bank makes no orders, then coins are not produced.</p><p><br /></p><p>"Banks", as members of the FRSm receive their coins by ordering them "from" the Federal Reserve System (FRS).</p><p><br /></p><p>So, Since January of 2012, any current presidentials dollars received in rolls or change, are simply coins which collectors or dealers have purchased from the US Mint and then, due to poor quality of whatever, have been put back into the system.</p><p><br /></p><p>Quite frankly, I have no idea why the Treasury Department continues this silly game they are playing with the publics money. They should simply stop ordering dollar bills from the Federal Reserve Bank thereby eliminating the dollar bill.</p><p><br /></p><p>It'll save money in the long run.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2092611, member: 15929"]Just so we are straight on this, the Federal Reserve Bank ceased ordering Presidential Dollars in December 2011. As such, since the US Mint was required by law to produce them, they continued production but only for collectors. Excess amounts are stored "by" the US Mint in US Mint vaults. The Federal Reserve Bank has not received ANY 2012 to date Presidential Dollars from the US Mint. The US Mint produces circulating coinage according to "orders" received from the Federal Reserve Bank. If the Bank makes no orders, then coins are not produced. "Banks", as members of the FRSm receive their coins by ordering them "from" the Federal Reserve System (FRS). So, Since January of 2012, any current presidentials dollars received in rolls or change, are simply coins which collectors or dealers have purchased from the US Mint and then, due to poor quality of whatever, have been put back into the system. Quite frankly, I have no idea why the Treasury Department continues this silly game they are playing with the publics money. They should simply stop ordering dollar bills from the Federal Reserve Bank thereby eliminating the dollar bill. It'll save money in the long run.[/QUOTE]
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