Annual Report to the Congress on the Presidential $1 Coin Program
2013
Print- Background
- Recent Activities
- $1 Coin Inventories
$1 Coin Inventories
Reserve Bank inventories of $1 coins remained steady at slightly above $1.4 billion as of June 30, 2013, compared to the level a year earlier. As a consequence, inventories are about $1.3 billion more than the Reserve Banks held before the start of the Presidential $1 coin program.
Over the past year, the aggregate inventory of $1 coins has decreased by only about 23 million pieces (see table). We believe Reserve Bank inventories will continue to decrease slowly. We estimate that Reserve Banks hold more than 40 years of $1 coin inventory, assuming continuation of current levels of demand.
| Quarter | 1 Beginning RB Inventory |
2 Mint Orders |
3 Receipts from Circulation |
4 RB Payments to Circulation |
5 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 |
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.
Information on the Federal Reserve’s $1 coin inventory levels, payments to circulation, and receipts from circulation is available on the Board’s public website at http://www.federalreserve.gov/paymentsystems/coin_data.htm and is updated quarterly.
