Updated coin production figures indicate that the United States Mint struck 11.62 million Presidential Dollars during April 2012. The monthly total exceeds 9.1 million struck during the first three months of the year.
The higher production level seems to be in response to the unexpectedly large collector demand for the coins. Following the Treasury Department decision to suspend production of Presidential Dollars for circulation in December 2011, the United States Mint planned to strike only a limited number of coins to fulfill demand from collectors. Their initial estimate was for 5 million circulating quality coins for each release, however this proved to be too small.
In less than two weeks, collectors placed orders for more than 6 million Chester Arthur Dollars, paying a premium of up to 31.8% above face value plus shipping and handling. Orders have since risen to account for more than 7 million coins.
|2012 Presidential Dollar Production Through April 2012
|Chester Arthur Dollar||2,800,000||4,060,000||6,860,000|
|Grover Cleveland Dollar||2,660,000||4,060,000||6,720,000|
|Benjamin Harrison Dollar||1,540,000||5,600,000||7,140,000|
The Presidential Dollars struck during April included three different designs of the series featuring Chester Arthur, Grover Cleveland, and Benjamin Harrison.
The Chester Arthur Dollars are currently available for sale on the US Mint’s website within 25-coin rolls priced at $32.95 each, 100-coin bags priced at $111.95 each, 250-coin boxes priced at $275.95 each, and 500-coin boxes priced at $550.95 each. All orders are subject to an additional charge of $4.95 for shipping and handling, with an additional $7.95 charge for each 500-coin box.
The Grover Cleveland Dollars are scheduled to go on sale May 25, 2012, and the Benjamin Harrison Dollars are scheduled for August 16, 2012.