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Annual Report to the Congress on the Presidential $1 Coin Program 2016

$1 Coin Inventories

Reserve Bank inventories of $1 coins decreased by about $45 million over the past year, to approximately $1.28 billion as of June 30, 2016 (see table). Inventories are about $1.21 billion more than the Reserve Banks held before the start of the Presidential $1 coin program. Assuming continuation of current levels of demand, Reserve Bank inventories will continue to decrease slowly over time. We estimate that Reserve Banks currently hold sufficient $1 coin inventory to meet demand for nearly 30 years.

Table 1. Quarterly $1 coin inventories, mint orders, receipts, & payments
Millions of dollars
Quarter 1 2 3 4 5
Beginning
RB inventory
Mint orders RB receipts from circulation RB payments to circulation Ending RB inventory 1+2+3-4
Q1/2007 67 301 47 250 165
Q2/2007 165 201 69 223 212
Q3/2007 212 171 87 178 292
Q4/2007 292 144 85 153 368
Q1/2008 368 119 87 153 421
Q2/2008 421 109 82 137 475
Q3/2008 475 96 93 138 526
Q4/2008 526 104 88 138 580
Q1/2009 580 96 92 119 649
Q2/2009 649 87 88 122 702
Q3/2009 702 85 118 117 788
Q4/2009 788 77 123 110 878
Q1/2010 878 89 108 120 954
Q2/2010 954 72 92 105 1,013
Q3/2010 1,013 88 96 123 1,074
Q4/2010 1,074 96 97 130 1,137
Q1/2011 1,137 86 101 116 1,208
Q2/2011 1,208 88 101 124 1,273
Q3/2011 1,273 92 129 129 1,365
Q4/2011 1,365 95 103 143 1,420
Q1/2012 1,420 0 86 72 1,434
Q2/2012 1,434 0 58 60 1,432
Q3/2012 1,432 0 60 52 1,440
Q4/2012 1,440 0 50 62 1,428
Q1/2013 1,428 0 54 60 1,422
Q2/2013 1,422 0 53 66 1,409
Q3/2013 1,409 0 50 74 1,385
Q4/2013 1,385 0 49 55 1,379
Q1/2014 1,379 0 49 50 1,378
Q2/2014 1,378 0 50 70 1,358
Q3/2014 1,358 0 54 54 1,358
Q4/2014 1,358 0 49 66 1,341
Q1/2015 1,341 0 48 54 1,335
Q2/2015 1,335 0 44 58 1,321
Q3/2015 1,321 0 48 67 1,302
Q4/2015 1,302 0 46 55 1,293
Q1/2016 1,293 0 48 53 1,288
Q2/2016 1,288 0 40 52 1,276

Note: Reserve Bank payments to circulation do not include the $1 coins that the United States Mint has issued directly into circulation. The United States Mint has indicated that it issued directly to circulation $77 million Native American $1 coins through its Direct Ship program in 2011, and $1.4 million in 2012. The program was discontinued in early 2012.

Last update: August 16, 2016

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