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<p>[QUOTE="Conder101, post: 211126, member: 66"]Small correction, the Fed cahnged from a last in first out (LIFO) inventory system to a First In First Out (FIFO) system in the early 80's. When that change occured a lot of MS coins from the mid to late 60's entered circulation, but now it means that they don't have older coins in their inventory.</p><p><br /></p><p><br /></p><p>With the current FIFO inventory system they normally are only delivering older coins for a short time after the change of the year. They have such large quantities of 2000 and 2001 sac dollars though that they are still delivering those several years later. For a short time when a new coin is first released you may get some of those released to banks but you can't count on that. For that reason the 2007 Sac dollars may not show up at the banks for some time because they may have to wait until the last of the 2000 and 2001 coins are gone first. Even worse, if the President dollars start piling up at the Fed, as they probalby will, the 2007 Sac's may have to wait until the stockpile of Washingtons are depleatedas well before they get sent to the banks. (The Washington available right now is due to a special "new coin" ordering system they set up for the President coins. That system is closed right now I believe until two weeks before the release of the Adams dollar.) The drawdown rate at the Fed for the dollar coins is around 7 million coins a month. If half of the Washingtons didn't get ordered by the banks under the early release system then there would be at least a 20 month delay before the 2007 Sacs should hit the banks at the current draw rate.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 211126, member: 66"]Small correction, the Fed cahnged from a last in first out (LIFO) inventory system to a First In First Out (FIFO) system in the early 80's. When that change occured a lot of MS coins from the mid to late 60's entered circulation, but now it means that they don't have older coins in their inventory. With the current FIFO inventory system they normally are only delivering older coins for a short time after the change of the year. They have such large quantities of 2000 and 2001 sac dollars though that they are still delivering those several years later. For a short time when a new coin is first released you may get some of those released to banks but you can't count on that. For that reason the 2007 Sac dollars may not show up at the banks for some time because they may have to wait until the last of the 2000 and 2001 coins are gone first. Even worse, if the President dollars start piling up at the Fed, as they probalby will, the 2007 Sac's may have to wait until the stockpile of Washingtons are depleatedas well before they get sent to the banks. (The Washington available right now is due to a special "new coin" ordering system they set up for the President coins. That system is closed right now I believe until two weeks before the release of the Adams dollar.) The drawdown rate at the Fed for the dollar coins is around 7 million coins a month. If half of the Washingtons didn't get ordered by the banks under the early release system then there would be at least a 20 month delay before the 2007 Sacs should hit the banks at the current draw rate.[/QUOTE]
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Sac dollar vs: prez dollar
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