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 Replies: 20 / Views: 2,403 |
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Valued Member
United States
68 Posts |
 United States Mint Introduces New Program to Ship Presidential $1 Coins at Face Value Directly to Retailers, Financial Institutions and the PublicWASHINGTON - The United States Mint announced today a new program to ship circulating Presidential $1 Coins directly to retail establishments, financial institutions, and members of the public. The $1 Coin Direct Ship Program provides individualized service to the financial community and other interested parties who wish to acquire $1 coins at face value in smaller quantities than currently available to financial institutions. "Retailers and financial institutions want to be responsive to customers' requests for the Presidential $1 Coin," said United States Mint Director Ed Moy. "The $1 Coin Direct Ship Program will help them to easily obtain the number of coins that best suits their needs." The United States Mint is initiating this program to proactively comply with a directive in the Presidential $1 Coin Act of 2005 to remove barriers and improve circulation of the $1 coin. The $1 Coin Direct Ship Program is intended to complement-not substitute for-the Federal Reserve Banks' coin ordering systems. The role of the Federal Reserve Banks is to distribute bulk quantities of coin to depository institutions, which in turn distribute to branches, other financial institutions and the public. Market research conducted by the United States Mint found that some retailers and smaller banks would prefer to obtain Presidential $1 Coins in small quantities. By fulfilling these needs, the United States Mint $1 Coin Direct Ship Program complements the Federal Reserve's coin ordering systems and, at the same time, helps to encourage circulation of $1 coins. The circulating Presidential $1 Coins will be available in 25-coin rolls packaged in quantities of 10 rolls per box, priced at $250 face value. The coins will not be separated by mint mark. Customers may order up to 500 $1 coins (two boxes) within any given Presidential $1 Coin issuance period. The United States Mint will pay shipping and handling fees on orders delivered via standard shipping methods. Orders requiring special handling (e.g., shipping upgrades) will be billed to the customer. All Recent News
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Bedrock of the Community
United States
14454 Posts |
that may be a step in the right direction
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Bedrock of the Community
United States
19931 Posts |
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
6326 Posts |
Well.....that's interesting.....just when I'd been souring on these overproduced and overmarketed things and had realized that their "future value", because of this, is nothing to zero beyond the face value, even 100 years from now..........they make it easier and less expensive to get more of them!.......hummmmm Chances on "circulation success" with these coins.............about the same as George W. Bush getting a third term....  Edited by eaglefoot
06/12/2008 08:45 am
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Moderator
 United States
187702 Posts |
Maybe now I can take this series more seriously! My Credit Union has been reluctant to get them. I still need to get an album, but cannot decide if I want to do just date or date-mint; since the MM is on the edge and not visible when in an album.
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Valued Member
United States
311 Posts |
I'm waiting 'till I can get them for .85 of face or so. They've gotta be running out of places to stack them.
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New Member
United States
8 Posts |
What are the chances some of these boxes will vanish before they get to the customer? Now we'll have thieves following USPS looking in mail boxes just like they follow UPS & then take whatever was delivered.
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Moderator
United States
187702 Posts |
Quote:
I'm waiting 'till I can get them for .85 of face or so. They've gotta be running out of places to stack them.  I hope it never comes to that! |
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Pillar of the Community
United States
6326 Posts |
but if the day comes where there only worth .85 cents.....OH NOOOO !!.......Then we won't be collecting ANY coins !
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Valued Member
United States
58 Posts |
Quote:
I'm waiting 'till I can get them for .85 of face or so. They've gotta be running out of places to stack them.
I'm bettin that some day they actually WILL stop putting out $1 bills then look out! Dump-o-rama. We should start a pool. Closest pres wins. |
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Moderator
United States
187702 Posts |
I hope they do! I am tired of my Australasian, Canadian, and European colleagues making fun of me for having $1 bills in my wallet! |
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Pillar of the Community
United States
1208 Posts |
Just because they are loosening the requirements for
getting the coins at face value doesn't mean any of
the newly entitled folks will be ordering any.
They will have to force them out, or give them away
to get any of the general public to use them.
Personally, I love the dollar bill... My .02.
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Pillar of the Community
United States
1208 Posts |
Quote:
I hope they do! I am tired of my Australasian,
Canadian, and European colleagues making fun of me for
having $1 bills in my wallet! Sounds like a personal problem!  Trade in your ones for any number of alternatives... Quarters, halves, dollar coins, $2 bills. That way you won't have $1 bills in your wallet to get made fun of. Then you won't have to gripe and support the taking of a bill that other folks want. |
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Moderator
United States
187702 Posts |
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Personally, I love the dollar bill... My .02. Personally, IMHO, the dollar bill needs to go. Just my $.02.  But that is mostly because I do not like that our government has been subsidizing a certain paper company in Dalton, MA for almost 130 years now.  |
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Pillar of the Community
United States
6326 Posts |
I'm more against getting rid of the penny than I am the paper dollar......but "both" could go and I wouldn't be upset !!
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Moderator
United States
187702 Posts |
Quote:
I'm more against getting rid of the penny than I am the paper dollar. Cannot get rid of something that we never had! Sorry, easy target! Seriously, I think the cent should become NIFC/NCLT, just like the Half Dollar and Sacagawea Dolalrs are (well, for now). I would not miss it in circulation, but would be a little sad if the mint/proof sets did not have it. If they are so desperate to keep the dollar bill, then make all of the Presidential dollars NCLT as well. Like you have said before, they are making way too many of them to ever have a chance at any collector value. At least the recent Kennedy half dollars and Sacagawea dollars have a fighting chance! |
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Replies: 20 / Views: 2,403 |
Posted 06/11/2008 10:50 pm
