The United States Mint has been working around the clock to turn out the first of its new series of Presidential Dollar coins for their debut today. The Mint introduced its new $1 George Washington gold coin yesterday, a day before being released to the public.
While the presidential coins are expected to be popular with collectors, the last dollar coin to be introduced, featuring Sacagawea, was not a success.
The new coin, which weighs 8 grams, will be much lighter in people’s pockets than four quarters would, said Edmund Moy, director of the Mint. The banks already have been given 300 million of the new coins and will start distributing them today.
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4 comments ↓
I think these coins turnied out to be a failure. For some reason people don’t like to spend dollar coins. They think they’ll be worth something and the won’t take them out of their pockets. For some a dollar isn’t a dollar unless it’s paper.
The actual value and cost of making these coins can’t be counted…
There’s this pretty amazing coin-holder that Canadians have been using for all their coins called Portsou™. It holds about 8 Presidential coins plus .25ct / .05 / .10 and pennies.
Check it out http://www.portsou.com
The $1 Gold coins of George Washington seem to have a demand for gold coins collector. I am sure they will be a lot of people who are interested to have it.
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