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Dollar mintages not encouraging

I am in a statistical frame of mind this week. Yesterday it was state quarters. Today I have the mintage figures for the Presidential dollars before me.

Collectors believe you need to abolish the paper $1 bill to get anybody to use dollar coins. Until then, old habits and loyalties dominate usage patterns.

These old habits dictate a death spiral for the Presidential dollar, though the Mint has just launched a four-city effort to avert this. Will it be enough?

Well on the one hand, the statistics do not yet show that rigor mortis has set in for the Presidential dollar. Mintage numbers are still significant but they do point straight down. Each succeeding design has a lower mintage than the one before it.

Washington sits with a 340,360,000 combined total from Denver and Philadelphia.

Adams follows with 224,560,000. Thomas Jefferson sits at 203,610,000 and Madison is at 172,340,000.

That makes the 2007 first-year total approximately 941 million.

This year the Monroe dollar total is 124,490,000 while the John Quincy Adams is 115,260,000.

If the pattern holds, Andrew Jackson will be lower still. That decline will suit American Indian tribes who are complaining that Jackson should not even be honored at all because of his policies toward Native Americans. There will be a few more Presidents against which this issue can be raised as a reason not to use the coins.

Other than the paid optimism of those executing Mint strategy, it is hard to see success at the end of this effort.

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5 Responses to Dollar mintages not encouraging

  1. Cerulean says:

    Compare the 2007-2008 dollar mintages to those in 2000-2001 or 1979-1980. Unlike the last two mintage drops, this one isn’t as significant.

  2. Scott in DC says:

    I think the mintage of the Presidential dollars will stay over the 100 million levels because of collectors. The dollars are a good teaching tool and, in this election year, promotes the presidency. It will be less popular for the less popular presidents but will pick up for Abraham Lincoln. TR will raise the popularity before being picked up again starting with his cousin, FDR, through the end of the program.

  3. Melvyn M. Kassenoff says:

    As many others have correctly stated, dollar coins will not circulate to any significant extent until the printing of dollar bills is halted. It has nothing to do with the designs on and/or the metallic content of the dollar coins.

  4. Ken Holmgren says:

    I couldn’t find 2 rolls of John Q. Adams anywhere for my 2 grandsons. I went to every bank in town with "0" luck.

  5. Interesting… the Andrew Jackson numbers actually showed a small up tick.

    It could be that he is one of the better known presidents… or unlikely but possibly the US Mint’s PR campaign.

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