Has anyone taken a look at the 2012 mintage numbers from the US Mint for the Presidential dollar series?
Pathetic!
Approximate Mintage per President for 2007 Washington P - 176,680,000 Washington D - 163,680,000 Adams P - 112,420,000 Adams D - 112,140,000 Jefferson P - 100,800,000 Jefferson D - 102,810,000 Madison P - 84,560,000 Madison D - 87,780,000
2012 Arthur P - 6,020,000 Arthur D - 4,060,000 Cleveland (I) P - 5,460,000 Cleveland (I) D - 4,060,000 Harrison P - 5,640,001 Harrison D - 4,200,000 Cleveland (II) P - 10,680,000 Cleveland (II) D - 3,920,000
From 176.68 million for a 2007 Washington P to 3.92 million for a 2012 Cleveland (II) D. Maybe by the time the series approaches the end, the Mint will have production numbers like a Stella.
Sure does look like it is going to be harder and harder for those of us who like to collect these coins from circulation.
I believe it was in 2011 that the mint switched over from a circulating coin to a system of distribution much like what they do for the Kennedy half (NIFC = Not intended for Circulation).
When the first started with the series, I would pick up a couple of rolls at face value and store them away. Now that I can only get them from the mint I stopped. I just don't want to pay a premium for these coins. So right now I'm reduced to hoping state that I can find these coins in circulation to satisfy my needs. It's a slow process to get these coins, but they are out there.
The current administration decided to make the baby dollars NIFC.
The result is that the US Mint took a huge hit from the loss of seigniorage, money that would have made its way back into the general fund.
The only money saved was from not needing additional storage, as it still cost money to store what has already been minted. Kill the dollar bill and the storage problem goes away.
What seems odd is that the Cleveland II "P" is more than 2 1/2 times the mintage of the "D". Not sure why there would be that big of a difference between the two mints.
The one fly in the ointment is that killing off the dollar bill would have to be accepted by the general public. If people don't want to carry around the Kennedy halves why would they be willing to carry around one of the golden dollars.
This is really a political problem in that while coins last longer that bills, they are also heavier than the bills.
We've tried this experiment with the Susan B's and again with the Presidential coins and no one wants them in circulation. If Congress passes a bill to kill of the dollar bills a lot of people will be very unhappy and will be vocal. What will happen at this point is that the can will be kicked down the road and this argument will continue until someone will bite the bullet.
I wonder what changed in the psyche of Americans that they don't want dollar coins. Morgan and Peace dollars existed side by side and they were no arguements about the invonvenience of the dollar coin. The only things that changed was the shrinkage to a little more than the size of a quarter and the precious metal content was taken out. In fact the modern dollar coin weighs substantially less than either the Morgan or Peace dollar. I think even the Ike weighed less than those two coins and it wasn't accepted either.
Something changed American thinking about dollar coins and I wonder what it was.
With everything the government is pulling on us right now, I think being forced to use a dollar coin instead of a dollar bill would be the least of my worries.
Yes kill the Native American dollars, theyre awful and it doesn't make sense having that many NIFC dollars in mints sets.
Quote: The one fly in the ointment is that killing off the dollar bill would have to be accepted by the general public. If people don't want to carry around the Kennedy halves why would they be willing to carry around one of the golden dollars.
People dont want to carry around halfs cause you cant buy anything for less than a dollar. If you got rid of the bill theyd adjust. If it bothers them that much theyd just use a credit or debit card its probably worry number 3,464,896 on the list of things we should be concerned about the government doing
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Posted 12/28/2012 12:02 pm
