Presidential Dollar Production Cancelled https://typesets.wikidot.com/forum/t-421396/presidential-dollar-production-cancelled Posts in the discussion thread "Presidential Dollar Production Cancelled" Tue, 06 Oct 2026 06:31:23 +0000 http://typesets.wikidot.com/forum/t-421396#post-1589230 Re: Presidential Dollar Production Cancelled https://typesets.wikidot.com/forum/t-421396/presidential-dollar-production-cancelled#post-1589230 Tue, 16 Oct 2012 01:02:32 +0000 Coinhunter 435034 I haven't been paying attention to U.S. coinage. I consider this decision to be most unfortunate. The problem is that businesses refuse to circulate the dollar coins. The solution is to just get rid of the dollar bill. To ease the transition, I recommend a series of commemorative dollar bills produced in the same or decreasing numbers as current. When businesses start asking for more dollars, send them coins.

]]> http://typesets.wikidot.com/forum/t-421396#post-1327979 Presidential Dollar Production Cancelled https://typesets.wikidot.com/forum/t-421396/presidential-dollar-production-cancelled#post-1327979 Wed, 14 Dec 2011 10:39:36 +0000 Ken Kash 5862 It appears circulation strikes of the Presidential Dollars will have something in common with the obverse portraits it has portrayed over the years…being deceased.

In an announcement by Vice President Joe Biden, production coinage (circulation strikes) will cease to exist and coinage will only be produced to meet collector demand but at a premium. According to Biden this was the result of government investigations into cutting waste in government and that it will save the public $50 million dollars annually.

Joe and the committee leading the investigation have not their homework or else they would have discovered the multiple analysis' that showed long term savings of using coinage in-lieu of dollar bills saves even more. Or maybe they did know but their were other interests at play?

Either way this will have an impact on collectors who have been saving each coin for a set, but more-so for the young numismatic (YN) collectors out there. Limited quantity production runs will cost more as someone will have to pay for the time to set up the machines, tooling, & handling. This will most likely push the cost for an uncirculated coin anywhere from $3 to $5 per coin whereas the YN's only had to pay a dollar at their local bank and considering most sets include Philadelphia and Denver issues then the pain is felt twice.

link to yahoo article: http://news.yahoo.com/presidential-dollar-coins-victims-budget-crunch-192510623.html

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