Presidental Coins Are Being Stopped

Discussion in 'US Coins Forum' started by PrezCoins, May 1, 2012.

  1. PrezCoins

    PrezCoins Meh Fat Kitty.

    Due to wanting to save taxpayer money, The US Mint has stopped making the presidental coins and will be making them for collectors specificity.
    Found on the New York Times..

    "There are 1.4 billion surplus dollar coins in the vaults of Federal Reserve Bank vaults, because the demand for each new coin drops significantly after it is introduced and financial institutions ultimately return about 40% of them, said Deputy Treasury Secretary Neal. S. Wolin."

    "Minting $1 coins that ultimately end up sitting in Federal Reserve Bank vaults."

    First coin for 2012 the Chester A. Aurther has only 2.8 million Denver Mint and 2.94 million Philidelphia mint!!
    Start collecting now people there going away!

    P.S. Yes they will be making all the way to 2016..

    New York Times : http://latimesblogs.latimes.com/mon...op-making-1-coins-to-save-taxpayer-money.html
     
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  3. Hobo

    Hobo Squirrel Hater

    That is old news and there are already several threads on CoinTalk that discuss this.

    So Presidential coins are not being stopped.
     
  4. Conder101

    Conder101 Numismatist

    Announced over five months ago.
     
  5. rickmp

    rickmp Frequently flatulent.

    Wow! Who'd have thought? They were so popular, too.
     
  6. rodeoclown

    rodeoclown Dodging Bulls

    I am putting together an uncirculated set in an album, will continue to add the ones needed to complete the set for however long they make them and that's about as far as I'm going now with them.
     
  7. LindeDad

    LindeDad His Walker.

    If only they were smart enough to stop printing rag dollars.:(
     
  8. Copper Head

    Copper Head Active Member

    Me too. Gonna be tough to find at face value now. I'm also collecting the proof sets.
     
  9. 19Lyds

    19Lyds Member of the United States of Confusion

    Ditto!
     
  10. softmentor

    softmentor Well-Known Member

    Dittos II mega-dittos even
     
  11. Cazkaboom

    Cazkaboom One for all, all for me.

    I am sensing a bit of sarcasm from here... :)
     
  12. rodeoclown

    rodeoclown Dodging Bulls

    I'm just buying two uncirculated mint sets each year, one gets broken apart, the other gets thrown with the other mint sets. I'm not bothering with the proofs, I guess I do get those in the Silver Proof Sets I buy each year.
     
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