Buren $1 Coins Mintage Low
By Mike Unser
Presidential $1 Coins have hit a new low,
according to the latest production figures by
the United States Mint.
The series, which started in 2007 with over
340,000 George Washington Presidential coins,
has experienced a production decline with each
succeeding $1 release, with the exception of the
Van Buren production is down by more than
one-third compared to Washington dollar figures,
as the following table reveals.
|Martin Van Buren
A new multi-year coin series will almost always
be the most popular during its launch year.
Volume and interest should expect to decline as
the series continues. However, these are not
coins made for collectors, but intended for mass
usage. Further, a 16.2 percent reduction
compared to the previous Jackson $1 implies the
Mint’s coin campaign to spur consumer use is
hitting the expected roadblocks.
Another explanation for the decline could stem
from too many previous dollar coins minted, with
those pulled from vaults and used in daily
transactions. In this less likely scenario,
public acceptance for the coins may be
More time will tell where the series is truly
heading. Although history of past $1 coin usage
suggests a sheer vertical hill to climb while
the dollar bill is around. More than 1.4 billion
Presidential $1 coins have already minted since
2007. That is enough for every man, woman and
child in America to own 4.6 of the dollars. Yet,
few people ever receive one in change.