Contact Us
Make My Homepage

Presidential Dollar Coin Production Halted by US Mint

George Washington Presidential $1 Coins (Scott Olson/Getty)

Are you collecting the presidential $1 coins?

It might be tough to complete your entire collection now because production of the golden dollar coins was stopped in December.

Vice President Joe Biden announced last month that the government would halt production of the presidential $1 coins for circulation.

Instead, the U.S. Mint will produce a limited number of the coins which “will be sold to collectors at a premium so it will ensure that coins will not be produced at a cost to taxpayers”  according to U.S. Treasury spokesman Matt Anderson.

There is a surplus of 1.4 billion presidential $1 coins in the vaults of the Federal Reserve according to the U.S. Treasury Department. The government will save taxpayers at least $50 million dollars each year in production and storage costs by suspending the program.

The U.S. Mint had been on track to produce 1.6 billion more presidential $1 coins by the time the program was scheduled to end in 2016.

The move was made to help control the government’s wasteful spending.

We’ve collected the first three years of the presidential $1 coins and the feature I liked best was that the year, mint mark and “E Pluribus Unum” are all etched on the edge of the coin.

Who knows, maybe the coins will become more valuable with time now that the program has ended.


Best of 101.9 KING

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Rockstar Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Rockstar Club contests, events, coupons, presales, and much more delivered to you for FREE.