U.S. Coin Collecting

Proposed Legislation Would End Presidential Dollar Coins

The Presidential $1 Coin Programwould not run its full course if several members of the Senate and House get their way. Two separate pieces of legislation have been introduced in the U.S. Congress which would ultimately end the dollar coins series dedicated to the former Presidents of the United States. This new legislation comes in response to recent media attention to a reported $1 billion plus worth of dollar coins held in storage by Federal Reserve Banks. (Check out the PDF of the Annual Report to the Congress on the Presidential $1 Coin Program from the Board of Governors of the Federal Reserve System.) The massive stash of coins has been building up over the years with a marked increase occurring since the introduction of Presidential dollars four years ago.  Read the rest of Proposed Legislation Would End Presidential Dollar Coins