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On December 13, 2011, Vice President Joe Biden and Treasury Secretary Timothy Geithner announced that the minting of Presidential $1 coins for circulation would be suspended. Future entries in the program, beginning with those of Chester A. Arthur , would be issued in reduced quantities, only for collectors.
- 26.49 mm (1.043 in)
- 8.100 g (0.26 troy oz)
- 2.00 mm (0.0787 in)
- 1 U.S. dollar
Jan 21, 2022 · Coin Production in December 2021 Normally, December is a significantly slower production month as the U.S. Mint adjusts their tooling for the upcoming year’s coins.
People also ask
Is there a coin shortage?
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As of April 2020, the U.S. Treasury estimates that the total value of coin in circulation is $47.8 billion, up from $47.4 billion as of April 2019. While there is adequate coin in the economy, the slowed pace of circulation has meant that sufficient quantities of coin are not readily available where needed.
The United States Bicentennial coinage is a set of circulating commemorative coins, consisting of a quarter, half dollar and dollar struck by the United States Mint in 1975 and 1976. Regardless of when struck, each coin bears the double date 1776–1976 on the normal obverses for the Washington quarter, Kennedy half dollar and Eisenhower dollar.
Jul 28, 2023 · No. There is not a coin shortage. However, the circulation of coins was significantly disrupted due to the COVID-19 pandemic. More than half of coins in the U.S. are sitting in consumers' coin jars in their homes.
Tracing Causation. The Covid‐ 19 coin shortage had three central causes: (1) the government mandate to shut down businesses; (2) consumer health concerns; and (3) the U.S. mint shutdown. The ...
Jul 18, 2020 · Cary Whaley, vice president at Independent Community Bankers of America (ICBA), a trade group for small banks, views the issue as a circulation problem rather than a shortage.
