I have handled many of those in circulation in the Boston subway system, that was in the years 2005-2012. the ticket vending machines gave change in dollar coins. Maybe they still do. I remember looking at them and seeing various presidents among many Sacagaweas and Susan BAs. I wasnt collecting them tho, still not my bag.
So you'd buy a round trip fare for $4, put a 20 in the machine, and get sixteen gold dollars besides your card. You can immediately spend six or seven of them on a knish and a newspaper in the station before getting on the train. When you get out at your stop there are panhandlers at every turn and you can pass the rest of them out like a prince.
Jamais l'or n'a perdu la plus petite occasion de se montrer stupide. -Balzac
2007-2011 are considered circulating Presidential dollars. 2012-2016 are considered not circulating, minted only for collectors with lower mintage numbers, though they are legal tender. And occasionally can be seen in circulation as well, though rarely. I have found several myself (including the one I swapped with you;).
If I remeber correctly, and unlike most "in sets only" coins, these were also sold by the role. Thus someone would get a role of 20 coins, use some for collection/souvenir purposes and then just spend the rest. Thus, its not uncommon to find one in circulation.
When the Presidential Dollars first were issued, the US Mint would sell you a box of 250 at face with free shipping. They were desperate to get them into circulation. They quickly found out that many were buying multiple boxes with cash back credit cards and rolling over the boxes of coins to their local banks and pocketing the cash back of 1% to 2.5%. They quickly stopped this offer.
引用する: "LargoRich"When the Presidential Dollars first were issued, the US Mint would sell you a box of 250 at face with free shipping. They were desperate to get them into circulation. They quickly found out that many were buying multiple boxes with cash back credit cards and rolling over the boxes of coins to their local banks and pocketing the cash back of 1% to 2.5%. They quickly stopped this offer.
I have to say, that's awesome. American's have long had a problem with dollar coins and generally fought their introduction. There was an excellent article in the March 2020 issue of The Numismatist (pg. 24) on this.
As far as I know the US mint still issues Presidential Dollars, they're really collectable.
May I travel to the US again, than I think I will take a metro trip. Lets hope that those ticket vending machines still gave change in Presidential dollar coins. :)
