According to the mint website ALL the presidential dollars are circulating, but many news outlets and coin sites in 2011 were saying that Presidential Dollars after Garfield (2011) should be classified "Non circulating coin".
Wiki says this- "From 2007 to 2011, presidential $1 coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. From 2012 to 2016, new coins in the series were minted only for collectors."
The numbers of minted coins per year posted here seem to support that if you compare the 2011 and 2012 numbers.
Alan
Some of us are just fascinated by small shiny objects.
Hey Alan
I really don't think the mint knows what they are doing.Iam getting a few only made for collectors.
These I pull out of change. Well then again I just got 5 Ike dollars from the bank too. Iam not sure what is going on. Maybe they are letting some out so they can say they are circulating
After a certain date the presidential dollars have not been struck in quantity or made available to the Federal Reserve Bank for circulation purposes. They can be bought atva small premium from the mint, dealers, mint sets, and proof sets. If you choose to spend it then thats your choice.
Library Media Specialist, columnist, collector, and gardener...
Yes, my understanding is that from 2012 on, the Presidential and Native American dollars are only being produced for collectors. I do occasionally find them circulating, though, in the change I get from the subway ticket machines.
The question for Numista is: should the 2012+ types be marked as noncirculating?
Iam sorry to disagree with you Alan. I think the mint is playing a game here. I think they are releasing just a few rolls into circulation , just to say they are circulating. Iam finding it very hard to think someone is buying them just to put in circulation. I have about 20 of these non-circuiting coins. Just this week I got a Reagan , Johnson and Eisenhower. All showing sighs of circulation. I think we should keep them circulating till more is known
The other day I got a Cleveland, a Truman, and a 2007 Sacagawea in change from the subway ticket machine. All of those are claimed to be minted for collectors only but somehow they ended up together in the machine.
All told, I have found the following "non-circulating" dollars, all acquired from these vending machines:
Seems like a lot of collectable coins somehow making their way into circulation. I'm getting more skeptical about the "non-circulating" idea, and I think Daryl may be on the right track.
I also found a 1981 SBA dollar once, but I think that might be a legitimate case of a non-circulating coin getting dumped into circulation.
The 1981 SBA is a circulating coin. Just because you find a coin in circulation does not make it a circulating coin. Just because you guess or think there is a conspiracy does not make it so. You do not have to go any further than a Redbook to know that the Presidential dollars and Sacs have not been circulation issues for some time.
Library Media Specialist, columnist, collector, and gardener...
But the US mint is saying they are circulating.
It makes sense you would get from machines , I think they are the only ones ordering large amounts from the Feds
In fact, it is about 2011 since any dollar coin was struck for circulation. Any Redbook or credible website will verify this. If you have a coin dated later than that, that you pulled from change, than it entered circulation after being sold at a premium. Dollar coins dated 2012 or later were not issued for circulation. This is not opinion.
Library Media Specialist, columnist, collector, and gardener...
Just because there are very small number in circulation does not make them non-circulating. With that the 2009 US nickel would be non-circulating. All iam saying is we need more information. Not from dealers and sellers
引用する: "estes53"According to the mint website ALL the presidential dollars are circulating, but many news outlets and coin sites in 2011 were saying that Presidential Dollars after Garfield (2011) should be classified "Non circulating coin".
Alan
So what you are saying is that the people who make and release them are lying? And no one fixed this mistake on there web site for 5 years. All they have to do is put one from each mint in circulation and it is a circulating coin. Should we make the same mistake as redbook.
Ok iam sorry I just went to the US mint site.
It said as of Dec 2011 secretary of the treasury Geithir directed that the us mint suspend minting and issuing circulating presidential one dollar coins
Sorry it been some time for me to go there. wow I should have gone there first. but seams odd that there are so many in circulation . So iam wrong
So you guy are right and iam wrong. Iam sorry should have gone right to the US mint site. So 2012 and up are non-circulating coins. By orders of the secretary of the treasury. Who would have the last word on that. God always go to the big cheese , to see if the little cheeses are right. Sorry for my laziness and not going to the US mint site. Please forgave my laziness
引用する: "ALLRED1950"So you guy are right and iam wrong.
Don't say too quickly you are wrong. There are just too many of these coins in circulation to call these coins "non-circulating coins". I already have 7 of them with a date of 2013 or later, all from circulation and just from a few trips to the USA because I live in Europe. So American citizens must have find already heaps of them. And don't suggest that all these were bought at a premium and then entered in circulation. Of course this can, accidentally or not, happen with a very few coins, but nobody buys coins at a premium to enter them in circulation afterwards.
I think Daryl is right and we need more information. It's quite possible these coins were indeed not intended for circulation to sell them at a premium to collectors. But it's also possible too many stayed unsold, so they decide to put them (partly) in circulation. There must be a reason so many of these coins are found in circulation, and not only just 1 type but most of them.
Please also do not confuse the striking condition, circulation strike or uncirculated, to mean that a coin is circulating. Also every US coin denominated in dollars whether gold, silver, or base metal is legal tender and may be spent. That in no way necessarily makes a coin circulating.
Library Media Specialist, columnist, collector, and gardener...
You are so mistaken sir. I am not sure you understand how our mint and federal reserve work. For a circulating coin to enter our system, it is struck at cost and sold at face value to the federal reserve who then sell it to whomever will circulate it. Since 2011 the mint has not sold to the fed. It is striking in conditions and quantities that allow collectors to complete there sets by purchase of these non circulating coins through the mint or coin dealers buying from the mint. Any of these coins you find, your 7 for example, entered commerce after being sold for a premium by the mint or coin dealers. The US mint cannot just choose to release to circulation. And the fed isnt purchasing any because reserve stocks are so high. A reason that SBA dollars are found dated 79, 80, and 81 and then 99 is because it took the federal reserve bank 18 years to deplete its inventory. It then had to be struck to fulfill the law of striking that series to demand. There are not heaps of these coins around at all! You might get lucky and find some in change but they are after market. The law, government websites, authoritative books, coin dealers, US citizens are all in agreement on this issue. Numista should reflect this truth, not a wrong feeling that because you are lucky to have 7 misc coins that this coin is circulating. I was pleased to recieve a silver dime in change last month. Would you argue that my coin means silver is circulating again? It is just luck. Just luck is all. Call any US dealer. You can buy 2012 and later presidential dollars and native american dollars at a premium over face. Certain dates commend an extensive premium. Numista should call these coins what they are. Non-circulated legal tender...that some individuals just happen to have put into circulation.
Library Media Specialist, columnist, collector, and gardener...
Yes Rene Oklahoman is right. The way I understand how things work here. If iam right the only way any 2012 coins could leave the mint for circulation wood be and inventory error. Of which they could find out about because everything is bar coded. It is hard to believe there are so many in circulation. The mint makes and hold till the fed orders them. I would think 2012 and up are not even in the same warehouse, or not in the same place. It shows how badly Americans don't know anything about there coinage. Of which I was in this group. I know about a month ago I was talking with a person about the dollars, and they did not know they were making different presidents on them. You have to remember for the longest time here there was only one dollar coin out there and most people did not know about them Or hated them because they looked like quarters. Now there are some ware around 20 to 30 different dollar coins out there.
I hope you wont be hard on yourself. Here is a funny story... when the 50 state quarter came out so did this story. A couple went to an antique shop. On the counter was a fishbowl full of SBA dollars. They were for sale for 50 cents each. The couple pointed out that they were dollar coins. They were corrected by the proprietor who assured them they were the new state quarters. But he couldnt say what state. What to do? The couple bought all those dollar coins for half of face. Maybe true maybe not. But it is indicative of the American publics ignorance of our coins and system.
Library Media Specialist, columnist, collector, and gardener...
We are a sad group of people. Yes I can see that happening. The girls at my bank save odd ones I have gotten around 30 IKE dollars at face value this year. But very few 50 cent coins. Oh when the SBA came out people called them Carter quarters .
The US Mint has, since 2012, continued to include Presidentical and Native American dollars in their "circulating coin production reports" as reported here:
I went to your link. The third bullet point down specifically addresses the matter of the presidential dollars, native american dollars, and Kennedy half dollars being struck, but only as numismatic products. There is no question they are made by the Mint. But they are only distributed by the mint. They are not sold to the Fed for distribution as a circulating coin.
Library Media Specialist, columnist, collector, and gardener...
引用する: "Oklahoman"I went to your link. The third bullet point down specifically addresses the matter of the presidential dollars, native american dollars, and Kennedy half dollars being struck, but only as numismatic products.
It's obvious now when you look at the following pictures. You have to take that third bullet point very literally: with "currently" they mean "in 2017".
Now I know why so many of the 2012-2016 presidential dollars are found in circulation. They are circulation coins, only the 2017 ones aren't.
Its strange to choose willful ignorance in the face of facts. It is fact that dollar coins have not been struck for circulation purposes since 2012. Collectors have had to buy mint and proof sets, or rolls, bags, or boxes at a cost of more than face to get the various mints and dates for their collections. Arguing this because of semantics will not change this fact. A mountain of evidence exists that support this contention. In fact, the half dollar has not been struck for circulation even longer. I like Numista. It shouldn't go around and mislead people when it has been proven otherwise.
Library Media Specialist, columnist, collector, and gardener...
引用する: "Oklahoman"2012 to date has had no dollar coins struck for circulation ! The mint says so.
The pictures in my previous post are print screens from the official US Mint website (the link Cerulean posted here). Not for 2017 only but also for 2016 as you can see on the left picture. And when you click on "circulation coins" you can choose the coins struck for circulation in 2011 to 2015 too (but I didn't make screenshots of those). So the Mint says on their official website: from 2012 to 2016 more than 186 million presidential dollars are struck for circulation, and that's why we find so many in circulation.
I'm sorry Oklahoman, I can only read what the website of the Mint says. I don't know why dealers and others say otherwise.
I dont know what you are reading! The US Mint has not struck for circulation presidential dollars since 2012. The website says this. Your mintage figures may or may not be correct. They would include unc dollars with different mintmarks for the millions of unc sets sold by the mint, as well as a proof version for the millions of sets issued yearly. On top of that the millions made for sale by the roll, bag, and boxes at a premium. Your numbers of mintage over a 6 year period indicate mintages so low they are obviously not being struck for circulation! The US Mint website does not agree with you! Good grief!
Library Media Specialist, columnist, collector, and gardener...
186 million total for 2012, 2013, 2014, 2015, and 2016 dated presidential dollars. Each year has 4 types. Each type has 2 varieties. So 8 per year, times 5 years. This is 40 total varieties. I use the gentleman's numbers and assume that I should not count an additional 20 varieties for the proof types. So we have 186 million divided by 40... around 4.5 ish million of each type. Deduct however many for the full mint sets and we are in the 3 millions or high 2 millions for each type. This leaves a number that after selling rolls, bags, and boxes at a premium is NOT a number that is struck for circulation. Compare these mini mintages with the mintages of earlier years that were struck for circulation. Not even close.
Library Media Specialist, columnist, collector, and gardener...
First I have lost the link. But the mint was ordered to make "circulating grade " dollar coins, but not release them. Just like the US 50 cent coins. They are just like regular coins for circulation but not released. I think this is were the problem is coming from.
yes the mint can not release them with the feds or and act of congress
I have gotten several of later presidential dollar coins in change which leads me to believe that a lot of them did enter circulation the fact that some people incorrectly state that those cannot be found in circulation boggles my mind and I think stupidity is catching most collectors will also incorrectly State this so they can jack up the price and call them collectible at the end of the day they're still worth $1 it's the same with the native American dollars have found many of those and circulation
My point is that whatever some institution claims, the reality is what matters: too many coins (not only the USA dollars) are categorized as NCLT when it is clear they've been circulating. Blaming that on some kid who broke his father's collection is, to say the least, naive. Question is whether Numista will blindfoldedly follow official (often not reliable) sources, or open its eyes to reality and take a LEAD in the numismatic society?
The presidential dollars started out as circulation issues but we're not issued for circulation pretty early on. But they are legal tender, so they will be spent. They are sold by the roll and little bags from the mint. So when kids steal, or a coin collector dies, or bills need paid you will find coins not issued for circulation in circulation. I have found silver commems in circulation. They are still not a circulation coin.
Library Media Specialist, columnist, collector, and gardener...
In 2011 297 million Presidential coins were minted. In 2012 only 42 million were minted. The mint described the release of all on them as “circulating quality coins.” They do not distinguish some as circulating and some as NCLT's. I have received the following “NCLT” coins in change (all of which were from vending machines):
Yes, vending machines do give alot out. On the presidential dollars iam only missing like 5 mints to have a full set. I have at least one for every president from Bush down. On Sacagawea dollars only need 2005 D for full set. And never paid more than one dollar for any of them. 90 percent of them came from vending machines. Even have like 8 left in swapping list. And a jar to add of non-circulating dollars to add.
edit in my presidential dollar book have 142 coins, i collect position A and B. with the s and poofs from change. and more to get in
I have 7 of the innovation dollars in my collection. All from change. heck last Friday the ladies at the bank save 50 cent coins for me. And i got 3 of them in XF . 2004 P, 2022 D, and 2023D. And a non colored 5 dollar bill from 2006.
Between the last 2 boxes I hunted in Feb/Mar, there were 55 NIFCs. Picking up another box today.
ps: Someone had mentioned this before, at one point, but I don't remember who or where. Up until July 22, 2021, you could order a box of Presidential dollars at face value with free shipping through the mint's Direct Ship Program, and pay with a credit card. So, what people did, was order a bunch of boxes with a cash back card, then just deposit those boxes at their bank. Even if you're only getting 1% back on a $1,250 box, that's $12.50. You can only imagine how many of those boxes got into circulation that way.
Between the last 2 boxes I hunted in Feb/Mar, there were 55 NIFCs. Picking up another box today.
ps: Someone had mentioned this before, at one point, but I don't remember who or where. Up until July 22, 2021, you could order a box of Presidential dollars at face value with free shipping through the mint's Direct Ship Program, and pay with a credit card. So, what people did, was order a bunch of boxes with a cash back card, then just deposit those boxes at their bank. Even if you're only getting 1% back on a $1,250 box, that's $12.50. You can only imagine how many of those boxes got into circulation that way.
That's a good hustle on the credit card companies. Wish I'd thought of it.
Jamais l'or n'a perdu la plus petite occasion de se montrer stupide. -Balzac
