Direct Ship Dollar Coin Program Pretty Much Over

Yes everything, that is pretty well known (and had been going on for a couple of years). Earlier this year the mint changed the program so you couldn't pay by credit card. That's enough to stop that abuse, no need to add a $12.50 per box charge on top of it.

That's no bueno.

After someone posted that the mint stopped taking credit cards I told myself I should order a few boxes to spend and pick a few choice ones out to keep. I never got the check book out and now I see this posted

PS: I wish I would have thought of the getting credit card points (I would have actually spent them though)

I highly doubt they will stop, hope they don't.
Here is something I received from my congresswoman after I emailed her.
Thank you for contacting me about the Currency Optimization, Innovation, and National Savings (COINS) Act, H.R. 2977. It is good to hear from you.

Over the last 40 years, many countries have replaced lower-denomination notes with coins in order to produce large-scale, annual savings for both the public and private sectors. Past studies by the Federal Reserve and the Government Accountability Office have confirmed this financial benefit, but efforts to improve the circulation of the $1 coin have been unsuccessful. Due to limited public demand, Federal Reserve banks currently have about 1.1 billion $1 coins in storage.

On September 20, 2011, Rep. David Schweikert (R-AZ) introduced the COINS Act, H.R. 2977. This measure would require Federal Reserve banks to stop issuing $1 notes four years after passage of the bill or once $1 coins reach a circulation of 600 million, whichever comes first. H.R. 2977 was referred to the House Financial Services Committee, on which I do not serve.



Like you, I support common-sense attempts at cutting waste and saving money both in and out of government. Please know that I will keep your thoughts in mind should this or similar legislation come before me in the House of Representatives.

I myself went on the mints website the other day to check on the direct ship program and I was very disappointed to see the extra 12.50 charge per box. I said the same thing at the time, that this will kill the direct ship program. And I believe it will. I ordered 2 boxes this year of Native American dollars and I intended to order more, but I will not pay the extra 12.50 charge. I asked at my bank the other day, and they have plenty of rolls of Presidential dollars that they will gladly sell me for face value. It looks like when my current stock of Native American dollars run out, it will be just the Presidential dollars to spend from now on. I enjoy spending these smaller dollar coins and I will continue in this way.

Silverdollar2011, I can tell you like the larger dollar coins, and I like them too. But to be practical for spending everyday, the smaller coins work much better. I truly believe it is time for the $1 bill to go away.

Why would you think that? They didn't use the Morgan dollars. They didn't use the Peace dollars. They didn't use the Ike dollars. Why would they use a new large size dollar if they still had dollar bills? They don't use the small dollars and they are MUCH more convenient than large size dollars would be. No the ONLY way to get a dollar coin to circulate is to eliminate the dollar note. Given a choice people will chose the paper over the coin.

the whole idea of this program was to get the coins to circulate, you pay face value for the coins and spend them for exactly what you have into the coins. With this $12.50 charge it is actually costing you money to try and get these to circulate so I agree this is probably the first step to end the whole direct ship program. I just can't see anyone paying a premium for these coins just to spend them and lose money

Have you tried and failed to use them in vending machines? I think all vending machines made since 1979 have accepted dollar coins. To the machines, these dollars look just like the Susan B. Anthony dollars.