Both Time magazine and NPR have recently done stories in regards to the nearly $1 billion in dollar coins sitting on the shelves of the Federal Reserve that according to them nobody wants. That number could quickly become $2 billion once the coins honoring the past presidents are done.
All of this is even more interesting considering that if you go to the US Mint’s online store, they currently only have 3 options available for order with two of them on backorder until July 5th?
I’ve been ordering from the US Mint for quite a while and actually try to put them into circulation – just ask my babysitters! The whole program however is decades too late to try and introduce coins into circulation as the majority of people have gone to a cashless society.
With $1 billion in storage, let’s all hope that the programs still runs for years and years to come.