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Tag Archives: presidential dollar coins
No more Presidential dollar coins will be struck for circulation. Can that be any surprise after last summer’s uproar over the fact that more than 1 billion are being housed at great cost in the vaults of the Federal Reserve System? Continue reading
It was no secret, but once a National Public Radio report on the $1 billion in dollar coins taking up space in Federal Reserve vaults got the public’s attention in late June, talk has focused on what to do about it. Asking the U.S. Mint to quit producing them won’t work either, because minting of the coins is required by law. So two lawmakers have introduced legislation to revoke the law that has required the production of Presidential dollars since 2007. Continue reading