Garfield Presidential dollar was only the 20th of 40 Presidential dollars produced for the program but the last executed for circulation release. Geithner suspended circulation production and release of Presidential dollars, and Native American dollar coins as well. 13, 2011, then Treasury Secretary Timothy F. With Federal Reserve and contracted vaults overflowing with dollar coins on Dec. We estimate that Reserve Banks hold sufficient $1 coin inventory to meet demand for nearly 21 years,” the report says. “Assuming current levels of demand continue, Reserve Bank inventories will decrease slowly over time. However, “Inventories are about $996 million more than the Reserve Banks held before the start of the Presidential $1 coin program,” according to the inventory report. Dollar coin inventoriesĪccording to the Fed’s report on dollar coin inventory, $1 coin totals decreased by 41 million coins over the past year, to 1.064 billion coins as of June 30, 2020. The legislation authorizing the Native American dollar production required that, of all $1 coins produced for circulation release, 20% be Native American dollars.
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