The United States Mint included three additional coins in the lineup available under the Circulating $1 Coin Direct Ship Program. Introduced in June 2008, the program's intention is to remove barriers and encourage robust circulation of $1 coins by allowing individuals and business to order the coins at face value directly from the Mint.
The new coins available through the program are the John Tyler, James K. Polk, and Zachary Taylor Presidential Dollars. Other coins currently available include the 2001 Sacagawea Dollar, 2010 Native American Dollar, and Presidential Dollars featuring George Washington, John Adams, Thomas Jefferson, James Madison, and Andrew Jackson.
Orders through the program must be made in increments of 250 coins. The $1 coins are wrapped in 25-coin rolls, with ten rolls contained in a sealed box. A limit of 4 boxes per 10-day ordering period is currently imposed by the US Mint. Additionally, the purchaser must agree to comply with the stated purpose of the program and not immediately deposit the coins at a bank.
Last year, the US Mint distributed more than $100 million worth of $1 coins through the Direct Ship Program. In the course of the year, it came to light that frequent flyer mile enthusiasts were taking advantage of the program to earn miles and other rewards. The US Mint subsequently worked to curb and prevent such abuses.
Coins may be ordered through the Direct Ship Program online at http://catalog.usmint.gov/
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I’ve been using the U.S. Mint direct ship $1 program for the last few months. I’ve discovered that many people have never even seen or heard of these coins before. I suspect that many of the coins I’ve spent immediately went into the sellers coin collection or personal hoard and were never recirculated.
A lot of people are really delighted to get these when I spend them, but I’ve also visited a few places that refused to accept them.
IMO, for these coins to gain full circulation status the government needs to work harder to educate the general public about their existance and the benefits of using them.
this is a good one of the Mint distributing coins the way it should so that more than 25 american corporations get them. If the mint would abolish the AP preference and direct ship all coins, including the limited mintage of ATBs, it would generate publicity and common awareness, in other words people would talk about the Mint and the coins available there, whereas the AP scam causes profitering that creates bitterness.
People don’t know much about them this is the problem not to mention that even when I spend them at places they don’t get to another person because like the first post here says they dont give them out. I know of one place that takes them but has a rule that they can’t give them out. I like to spend them just to make the clerk look like they don’t know what to do with them. If the us mint would destroy the $1 bill the stores and other places would have to use the of course if the would melt down the reserve coins that are left over this might help to.