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parkquarters
Valued Member
United States
433 Posts
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I bet it is easyer to put together a state qtr set at face value now do to the economy! http://wallstreet.blogs.fortune.cnn...in-quarters/
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Moderator
United States
17307 Posts |
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Those efforts have reduced penny, nickel and dime orders to the U.S. Mint by 31%, and left the Federal Reserve banks holding their thinnest inventories of those coins in a decade. And this is why we cannot find 2009 and 2010 coins in circulation.  Quote:
Meanwhile, the Fed has so many $1 coins and so little consumer demand for them that it is considering spending $6 million to store them all. Since 2001, Roseman said, the Federal Reserve banks have taken 110 million dollar coins into inventory – which is 86 million more than they ordered from the U.S. mint. More wasted money. Get rid of the one dollar Federal Reserve Note and start sending these to the banks instead!
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Pillar Of The Community
United States
2375 Posts |
Interestingly I've been asking banks lately for rolls of $1 coins and most do not have them- they shipped them off to the Federal Reserve. So even when there is a little bit of demand, seems hard to get them. Banks I guess don't have enough safe space to store them for more than a month or two.
Collect all US coins, especially Indian cents and Buffalo nickels
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Pillar Of The Community
United States
3660 Posts |
It would not surprise me to see a substantial decrease in the amount of certain mintages in upcoming years.
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Valued Member
United States
484 Posts |
I'm kind of hoping that mintage stay relatively flat and we can buy them more easily at closer to face. Finding a Presidential dollar in circulation is impossible and I don't think my bank has ever gotten any. I'd be happy to buy a lightly circulated $1 for a $1 and I think a lot of people would (to jbucks point)
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Moderator
United States
17307 Posts |
The lack of baby dollars in circulation is one of the reasons that I have given up on building a P/D/S set (the other being the obscured mint mark once inserted into a Dansco).
However, I would rethink this decision if they decided to release the stockpile and I started seeing them regularly.
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Pillar Of The Community
United States
11110 Posts |
I go to several banks in my area for different things. At Bank of America they almost act as if they are going to use force to make you take those little baby sized dollars. At every teller window they have them in a coin thing and ask everyone if they want some. I'm just waiting for them to hold a gun on me to force the issue. Tellers tell me they are not allowed to save or order half dollars for any reason yet those silly baby dollars are all over the place. As a general rule not to many people want them so why is the Government still making more and more of them. Paper weights? just carl
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Pillar Of The Community
United States
3175 Posts |
I'm already finding both P an D yellowstones in circ. condition
never mind Unc. here in the east, as well as a lot of P and D dimes
and halfs.
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Valued Member
United States
151 Posts |
As far as getting the baby dollars in circulation, I've found vending machines to be the best bet. My Post Office got rid of the stamp vending machine but I used to be able to buy one stamp with a $20 bill and get $19.56 back in change (including 19 baby dollars). It's usually a mix of Sacajawea, SBAs and presidential dollars and some look brand new. I know the ticket vending machines in Portland and the Bay Area will also give you change in dollar coins.
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Moderator
United States
17307 Posts |
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My Post Office got rid of the stamp vending machine but I used to be able to buy one stamp with a $20 bill and get $19.56 back in change (including 19 baby dollars) That was my original source, but all of the branches near me have cashless vending now. 
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Pillar Of The Community
United States
7048 Posts |
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My Post Office got rid of the stamp vending machine but I used to be able to buy one stamp with a $20 bill and get $19.56 back in change (including 19 baby dollars)
That was my original source, but all of the branches near me have cashless vending now. I always thought that was just another example of the government working against itself. Back in 2006 when they were announcing the new President dollars and their steps to encourage their acceptance, which included a mandate at all vending machines in government controlled offices had to accept them. At the same time the Post office was announcing a three year phase out of the stamp vending machines which were one of the major sources of how the small dollars got into circulation.
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Valued Member
United States
484 Posts |
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government controlled 
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Moderator
United States
17307 Posts |
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I always thought that was just another example of the government working against itself. The left hand does not know, or chooses to ignore, what the right hand is doing.
Jbuck! ... Coin Collector since 1978 ... Learn about my Avatar here!
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Posted 07/21/2010 4:22 pm
