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Why did they stop making presidential dollar coins?
Mint would halt the production of those pesky $1 coins for circulation, because they’re not exactly in demand. Mint had been on track to produce 1.6 billion more of the $1 presidential coins through the year 2016, even though the 1.4 billion in surplus is enough to meet demand for more than a decade, Anderson said.
What is the last president coin?
2016 Reagan dollar
Though the U.S. Mint’s Presidential dollar series honored only deceased presidents and ended with the 2016 Reagan dollar, you can complete your collection with Littleton’s exclusive “Living Presidents” dollars.
Are president dollar coins worth anything?
Most presidential dollar coins in circulated condition will only be worth their face value of $1.00. Dollars in uncirculated condition can sell for a premium. Proof coins will sell for higher prices. Ultimately, the value of a presidential dollar coin will depend on its series and its condition.
Is there a dollar coin with a president on it?
About the Presidential $1 Coin Program. The United States Mint minted and issued four Presidential $1 Coins per year, each with a common reverse design featuring a striking rendition of the Statue of Liberty. The composition of the Presidential $1 Coins is identical to that of the Golden Dollar featuring Sacagawea and the Native American $1 Coins.
When did the US Mint stop minting the$ 1 coin?
The program began in 2007 with Presidents Washington, Adams, Jefferson, and Madison. Note: In December 2011, Secretary of the Treasury Timothy F. Geithner directed that the United States Mint suspend minting and issuing circulating Presidential $1 Coins.
Why is the u.s.stopping production of the$ 1 coin?
The Treasury Department says the decision to suspend production of the coin is part of President Obama’s effort to cut back on waste in government. “That’s the right decision for taxpayers,” Wolin said.
Is there going to be more 1 dollar coins?
Until Tuesday’s announcement, the U.S. Mint had been on track to produce 1.6 billion more of the $1 presidential coins through the year 2016, even though the 1.4 billion in surplus is enough to meet demand for more than a decade, Anderson said.