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Presidential coins as useless as halves

Is this the year that Presidential dollars become just like Kennedy half dollars and become collector-only coins offered by the Mint?

Probably not, but we are close to reaching that point.

Dollars are backed up all over the banking system. No new ones are required and won’t be for more than a decade under current demand patterns.

Will the Mint change demand patterns? It has tried. It has had the same result with the Presidential dollars as with the Anthony and Sacagawea coins before it.

Last year the Mint struck  352,100,000 Presidential dollars comprised of issues bearing four designs from two minting facilities. That averages out to about 44 million apiece.

Fat chance of that happening again this year.

How far can the totals fall?

For 2009 Kennedy halves only 1.9 million each were produced at each minting facility for “circulation.” Circulation basically means bags and rolls for collectors. The coins struck for collector sets are counted separately.

Put me down as saying 5 million apiece from each mint for each Presidential design, or a total of 40 million coins.

As the program goes on in future years through its 38 or 40 designs, the totals will get even lower unless the government makes banks take their bailout funds in the form of Presidential dollars and require them to keep the coins forever.

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2 Responses to Presidential coins as useless as halves

  1. Jerome Curtis Watts says:

    I was hoping that the JFK half dollar series would exactly equal the life span of the man; but not longer.

    I’m wondering what the presidential dollar coin is used for! Maybe (thru inflation) the dollar coin will become the new quarter (or dime).

    I remember being in the USAF at Ramstein Air Base, Germany. Germany had a 5 mark coin (equal to $2.50). I think that a coin (larger than $1) might have a better chance of success. At least it would give us coin collectors another series to sop up our excess disposable income!

  2. Vachon says:

    I’ve seen it as the duty of Numismatists to circulate half dollars. For the past seven years at work, I have been distributing half dollars (and $2 bills when I can afford it) without incident. I get the same 2% rejection rate that I get with everything else ("Could I have two fives instead of this ten?" — should I assume people don’t want ten dollar bills because of that?).

    My observations have shown that the vast majority of people simply don’t care and those who do notice, are rather delighted at having gotten one. It’s a misconception that they are no longer wanted. A large influential corporation like WalMart could restore the half dollar to a true circulating coin if we as collectors focused our efforts on them. They have the clout to get vending machine companies to accept them and the presence to get the whole country using them in a short period of time.

    Dollar coins are tougher considering they have a competing denomination. As for Mr. Watts, I would agree that higher denomination coins would be better. If the dollar in 1913 is approximately what twenty dollars is today, it would seem to suggest we should have no bills below a twenty and eliminate all denominations lower than a quarter.

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