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Annual Report to the Congress on the Presidential $1 Coin Program in July 2007, pursuant to section 104 of the Presidential $1 Coin Act of 2005

Figure 1. George Washington $1 Coin Payments and Inventory

This line chart shows the volume of daily George Washington $1 coin payments to depository institutions from Reserve Banks during the special six-week ordering period from February 1 through March 15, 2007. Daily payments reached a high of about $30 million on February 2 before gradually decreasing to a low of about $2 million on March 15. Over the same period, total daily $1 coin receipts (without regard to $1 coin design) from depository institutions to Reserve Banks averaged approximately $1 million. This chart also shows Reserve Banks' daily inventory of George Washington $1 coins (including $1 coins shipped from the Mint to the Reserve Banks after February 1), which decreased from about $185 million on February 1 to about $90 million on March 15.

Note: The inventory on February 1, which was the beginning of the special ordering period, was about 185 million presidential $1 coins. The United States Mint continued shipping $1 coins to the Reserve Banks during the special ordering period until all 303 million that had been ordered were received by the Reserve Banks.

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