Annual Report to the Congress on the Presidential $1 Coin Program 2016
Print- Background
- Recent Activities
- $1 Coin Inventories
- Future Reporting and Recommendation for Legislative Action
$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.
| 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.
