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From 2007 to 2011, Presidential dollar 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. [1] A new coin was released on December 4, 2020, to honor George H. W. Bush, who died after the original program ended. [2] [3]
The Presidential $1 Coin Act is intended to create renewed interest in dollar coins, like that seen during the 50 State Quarters program. [40] At least one-third of all dollar coins produced are still Sacagawea coins, with the remaining coins making up the four presidential coins produced annually.
The cost to process one thousand dollars' worth of one-dollar bills at SEPTA is approximately $10.11. The cost to process the same amount in coins is $1.22. The reason for the large difference is that handling paper currency is more labor-intensive.
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors.
The Presidential $1 Coin Act of 2005 sought to put dollar coins into circulation by allowing citizens to buy the coins directly from the Mint's website at face value. Shipping was free, and the ...
With the launch of the Presidential $1 Coin Program, four dollar coins were released each year from 2007-2016 - each depicting a serving U.S. President. [6] This set is the sleeve of dollar coins from regular issue mint sets on its own with reduced packaging and a different certificate of authenticity.
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