Circulating Presidential Dollar Direct Ship Rolls No Longer Available
The Circulating Presidential Dollar Direct Ship Rolls for John Quincy Adams are no longer available for sale on the US Mint's website.
This comes less than one month after the program began and the rolls first went on sale. See: Circulating Presidential Dollars Direct Ship Program.
Sales began June 11, 2008 and appear to have ended yesterday June 30, 2008.
I haven't been able to locate any information on how many rolls were made available under the program and sold by the Mint. The offering was picked up around the internet as an easy way to earn points or cash back on your credit card. It is possible that this kind of activity accounted for a significant amount of sales, accelerating the sell out.
Time will tell whether the Mint's new program will be successful at actually putting the new dollar coins into circulation. Personally, I have already spent one roll into circulation. Only 9 more to go!
Update: Susan Headley has posted that the Mint sold more than 6,500 boxes or an estimated 1.6 million John Quincy Adams Dollars through the program!
Labels: Presidential Dollars
posted by Mint News Blog @ 7:10 AM
2 Comments:
The mint had a notice saying that the uncirculated J.Q. Adams dollars would be available until June 25th, so maybe that is the issue, and the next Presidential Dollar will be available shortly. I cannot believe they would exert that much time and energy to create a new purchasing mechanism only to shut it down after a few weeks.
The June 25th date was the last chance to get unmixed quantities of Presidential Dollars direct from the Federal Reserve. This is the traditional coin distribution system as opposed to the Mint's distribution through this new program.
See here
I also think the Mint will restart the program when the next President is released. Maybe they will allocate more rolls to be available to the direct ship program for the next one.
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