Presidential Dollar Stats: Martin Van Buren $1 Coins Mark Low
Minting of Presidential $1 Coins have hit a new low, according to the latest production figures by the United States Mint.
The series, which started in 2007 with over 340,000 George Washington Presidential coins, has experienced a production decline with each succeeding $1 release, with the exception of the Jackson dollar.
Van Buren production is down by more than one-third compared to Washington dollar figures, as the following table reveals.
| $1 Coin |
Denver
|
Philadelphia
|
Total
|
| George Washington | 163,680,000 | 176,680,000 | 340,360,000 |
| Martin Van Buren | 50,960,000 | 51,520,000 | 102,480,000 |
A new multi-year coin series will almost always be the most popular during its launch year. Volume and interest should expect to decline as the series continues. However, these are not coins made for collectors, but intended for mass usage. Further, a 16.2 percent reduction compared to the previous Jackson $1 implies the Mint’s coin campaign to spur consumer use is hitting the expected roadblocks.
Another explanation for the decline could stem from too many previous dollar coins minted, with those pulled from vaults and used in daily transactions. In this less likely scenario, public acceptance for the coins may be increasing.
More time will tell where the series is truly heading. Although history of past $1 coin usage suggests a sheer vertical hill to climb while the dollar bill is around. More than 1.4 billion Presidential $1 coins have already minted since 2007. That is enough for every man, woman and child in America to own 4.6 of the dollars. Yet, few people ever receive one in change.
For the latest figures, visit US Mint Circulating $1 Coin Production Figures by President.
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January 16th, 2009 at 12:36 am
Now that the edge lettering has been changed I do not intend to ever use any of the President Dollar coins.
March 5th, 2009 at 2:03 pm
The Martin Van Buren coin was given to me as change in a store near where I live. I gave it right back. It does not have In God We Trust on it. I will refuse to use these coins and so will many others for that reason.
March 15th, 2009 at 7:46 pm
yes it has in god we trust on the edge of the coin
March 15th, 2009 at 9:45 pm
so my dad just found one and we are wondering how much is it worth?
March 17th, 2009 at 5:44 pm
I like using these coins, but old habits die hard. I doubt they will ever be common in circulation until we stop printing the paper ones. In the current economic climate, I am supprised that has not happened when you compare the cost of each over the long run. For those that say they are too bulky, compare to 4 quarters. I rairly find myself carying more than 5 paper ones. I’d rather have the coins in my pocket. No more wrestling with the vending machines that don’t like my old tatered paper either.
March 18th, 2009 at 9:50 pm
(Phil Roberts just to let you it says In God We Trust on the edge of the coin.) how much are these coins worth because i have one.
May 5th, 2009 at 3:05 pm
(martin van buren 8th president says pluribus unum in god we trust in the edge of the dollar coin) how is that dollar coin worth because i have 3.
May 5th, 2009 at 3:06 pm
how much is the martin van buren dollar coin worth
May 16th, 2009 at 10:57 am
Unless it is graded high, pretty much the face value.
June 3rd, 2009 at 4:29 pm
how much is a martin van buren 1 dolar p mint coin worth
June 13th, 2009 at 11:47 pm
Hello Richard,
The reason that I won’t use any Presidential coins is not where the motto In God We Trust but the fact that the Treasury did not stick to their guns and leave the series alone. They caved into the rediculous notion that In God We Trust was on the edge of the coins rather than the face. The only issue I could see was from a coin collecters viewpoint in that the edge can not be displayed in any way, shape or form.
September 28th, 2009 at 9:48 am
The design of this coin is rediculous. It is nearly the same size of a quarter, and sounds the same as well. One would have to take the time and ensure what type of coin you are handing to a clerk. The US Mint should make the US dollar coin distinct from other coins - like the UK does with the British Pound coin - thicker and heavier.
September 28th, 2009 at 12:50 pm
Jim…the US dollar coin is gold in color..the quarter is silver….if you cant tell the difference then perhaps you need glasses.