US Mint Direct Ship $1 Coin Roll Selection
In recent months, the selection of dollar coins available through the United States Mint's Direct Ship Program had been dwindling. As recently as this morning, there had only been two options available for ordering. Just now, the US Mint has resumed offering four designs that had been previously available.
The Circulating $1 Coin Direct Ship Program was created by the US Mint as a means to comply with the legislative requirement to remove barriers and improve circulation of the $1 coin. Under the program, individuals and small businesses could order $250 quantities of dollar coins directly from the US Mint at face value with no charge for shipping. Typically, the dollar coins are distributed to banks and financial institutions through the Federal Reserve Banks in $1,000 quantities.
The program has been a substantial distribution outlet for dollar coins. In the last fiscal year, the US Mint distributed $90.7 million worth of coins, accounting for 21.9% of all $1 coin shipments.
The program also seems to be the primary distribution method for the Native American Dollars. By law, the number of Native American Dollars produced each year must account for at least 20% of all dollar coin production. However, unlike with Presidential Dollars, the Federal Reserve Banks are not required to order the coins.
This morning the two designs that had been available were 2007 James Madison Presidential Dollars and 2011 Native American Dollars.
The designs added to the Direct Ship Product Page this afternoon are the 2001 Sacagawea Dollars, 2007 George Washington Presidential Dollars, 2007 John Adams Presidential Dollars, and 2010 Franklin Pierce Presidential Dollars.
Labels: US Mint