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My question is does the mint still distribute small dollar coins of each design into circulation? I thought the only way to get Innovation dollars and the like was to purchase them from the US Mint webpage at a premium.
Just curious as to what's circulating out there.
Half dollar and $1 coins are produced as (NCLT) collectibles. However, they may still be ordered by the Federal Reserve for circulation and used as legal tender which has happened with the half dollars for example.
https://www.pcgs.com/news/half-doll...lation-again Despite efforts by the U.S. government to promote their use to save the cost of printing one dollar bills, the
Susan B Anthony dollar, the
Sacagawea dollar and the
Presidential dollar Series are all seldom seen in circulation, since most Americans seem to have preferred to use the dollar bill.
For this reason, since December 11, 2011, the Mint has not produced dollar coins for general circulation, and all dollar coins produced after that date have been specifically for collectors. These collector coins can be ordered directly from the Mint, while pre-2012 circulation dollars can be obtained from most U.S. banks or possibly found in circulation as you have Yokozuna. Of course that doesn't stop someone from taking their NCLT dollars and spending them perhaps due to needing money or thinking they will not increase in value, death of a collector etc are a few reasons I can think of. We have of course also seen even proof coins intended for sets in circulation for similar reasons or because they removed certain coins and dumped the rest.
coins (such as the €2 coin, Canadian "toonie" or 5 Swiss francs) have largely succeeded outside the USA because of the removal (or lack) of their corresponding paper issues,whereas the U.S. government has taken no action to remove the $1 bill which as mentioned seems to be preferred over coins here and many prefer digital these days unless there is specific reason to use cash (or the few people who just liked to search them for fun).
Currently they have the american innovations and native american $1 coin program and the
Kennedy half dollar. Previously there was the Presidential $1 Coin Program (2007-2016, 2020), Sacagawea Golden Dollar Coin (2000-2008),
Susan B. Anthony dollar Coin (1979-1999),
Eisenhower dollar (1971-1978)
Edited by datadragon
06/27/2024 6:07 pm