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<p>[QUOTE=&quot;Witty38, post: 1584425, member: 34290&quot;]Basically, because the Mint did not REPLACE the dollar bill, they minted too many of these and according to many sources, there are literally &quot;billions&quot; of these sitting in vaults somewhere.&nbsp; It turned out that since the goverment decided to mint the dollar bill along with these also, the people found the dollar bill was still easier to use and so these Presidential dollars were not in demand.&nbsp; And as you may know, the Mint stopped making these for general circulation the last of last year and now only makes collectors quantities. </p><p><br /></p><p>As has been discussed on this forum many times, these Presidential coins are of low quality, tarnish quickly and have been proven to be not very collectible.</p><p><br /></p><p>Things could be changing though.&nbsp;&nbsp; See this recent article: </p><p><a href="http://www.nydailynews.com/news/national/ax-dollar-bills-save-money-congress-article-1.1211013" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nydailynews.com/news/national/ax-dollar-bills-save-money-congress-article-1.1211013" rel="nofollow">http://www.nydailynews.com/news/national/ax-dollar-bills-save-money-congress-article-1.1211013</a></p><p><br /></p><p>There are some different opinions on the cost savings:&nbsp; <a href="http://www.npr.org/blogs/money/2012/11/29/166103071/no-killing-the-dollar-bill-would-not-save-the-government-money" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.npr.org/blogs/money/2012/11/29/166103071/no-killing-the-dollar-bill-would-not-save-the-government-money" rel="nofollow">http://www.npr.org/blogs/money/2012/11/29/166103071/no-killing-the-dollar-bill-would-not-save-the-government-money</a></p><p><br /></p><p>Bottom line, I think the Mint will gradually replace the dollar bill with coins just like Canada did years ago, and the billion dollar coin stockpile will be put into circulation, making these coins even more plentiful, of less value and less collectible.&nbsp; </p><p><br /></p><p>Apparently, the GAO will make some recommendations to Congress the middle of December, 2012 and after learning what Congress eventually votes into law, the most prudent thing to do is break open the rolls, look for errors, and collect the P and D mint coins of each President into a Dansco album for your kids or grandkids. </p><p><br /></p><p>That&#039;s what I would do![/QUOTE]</p><p><br /></p>

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