Fillmore, Pierce, Buchanan, Lincoln Dollars Added to Direct Ship Program
The US Mint has just added all four 2010 Presidential Dollars to the Circulating $1 Coin Direct Ship Program.
Accordingly, rolls of the Millard Fillmore, Franklin Pierce, James Buchanan, and Abraham Lincoln Presidential Dollars can be obtained directly from the Mint at face value.
The Direct Ship Program was created as a means to proactively comply with the requirement of Public Law 109-145 to remove barriers and improve circulation of the $1 coin. Under the program, businesses or individuals are able order quantities of $250 worth of dollar coins directly from the Mint at face value with no charge for shipping. The purpose of the program is to compliment the existing Federal Reserve Banks distribution system by allowing the public to order smaller quantities of coins directly, so the $1 coins can more easily introduced into circulation.
In order to prevent abuses of the program, customers are required to agree that they will comply with the intended purpose of the program and not immediately deposit the $1 coins at a bank. Also, a 4-box ($1,000 face value) limit for every 10 day period is imposed.
In the last fiscal year, the US Mint distributed $90.7 million of the $1 coins through the Direct Ship Program. This accounted for 21.9% of all $1 coin shipments for the year.
Based on reports from readers and personal experience, the Presidential Dollars obtained from the Direct Ship Program are of similar or identical quality to those obtained through the US Mint's premium priced numismatic rolls.
The US Mint currently offers numismatic rolls of Presidential Dollars for Fillmore, Pierce, Buchanan, and Lincoln at a price of $35.95 for each 25-coin roll. Effective for the 2011 releases, the cost of each 25-coin roll will be $39.95.
Labels: Presidential Dollars