James Garfield Presidential Dollar Rolls

Today November 17, 2011 at 12:00 Noon ET, the US Mint began sales of numismatic rolls of the James Garfield Presidential Dollar. This is the final release of the year for the Presidential Dollar Program and the twentieth release for the series overall.

The obverse of the coin features a portrait of the President with the required inscriptions indicating his name, order of the Presidency, the year served, and motto “In God We Trust”. The obverse was designed and sculpted by Phebe Hemphill. On the reverse is an image of the Statue of Liberty designed and sculpted by Don Everhart that has been used for each issue of the series. The inscriptions include “United States of America” and the denomination expressed as “$1”. On the edge of the coin, the date, mint mark, and motto “E Pluribus Unum” appear.

The US Mint’s 25-coin numismatic rolls are available from either the Philadelphia or Denver Mint facility. The coins are packaged in wrappers that include the name of the President, mint mark, and face value of the contents. The issue price is $39.95 per roll plus shipping and handling.

The final mintage for the James Garfield Dollar has not yet been posted by the US Mint. However, backing out the known mintages for the other 2011-dated releases from the total year to date Presidential Dollar coin production leaves 72.1 million coins. This would be roughly in line with the recent mintage levels for other releases of the series.

After producing 340.36 million George Washington Presidential Dollars in 2007, the mintage levels steadily declined for subsequent releases during the first three years of the series. Since 2010, the production level has held relatively steady around the mid-70 million range, with the exception of the Abraham Lincoln release which had production of 97.02 million due to higher demand.

Although there has been legislation introduced in Congress which could potentially eliminate, limit, or even expand the production of Presidential Dollar coins, as yet, none of the bills have been voted on or passed. As such, the series will continue under the requirements of the Presidential $1 Coin Act.

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Comments

  1. Two Cents says

    Let’s not …

    I am a big fan of the 25th Anniv. Silver Set, but that topic has been discussed in almost every blog recently, sometimes hijacking the subject completely.

    Frankly, let’s talk about something else … especially on blogs that are intended for other subjects. Going off-topic is fine for a while, but let’s try to stick to the blog subject.

    For those who do want to continue talking about the set (and this is completely understandable, given its popularity), then please do so in the appropriate blog, which is the one on Nov. 8 Tuesday, titled “25th Anniversary Sets Starting to Ship.” It’s not on the first page of this website, but there is a link labeled “Older Posts” at the bottom of the screen. That blog is in no danger of stopping, currently up to 726 posts and counting.

    Thank you.

  2. Two Cents says

    It’s too bad that the presidential dollar coins don’t have a design on the reverse that is particular to that president. The coins for their spouses show their wives’ contributions during the presidents’ term in office, and you would think that what the president did in office is at least as important enough to be remembered on a coin.

    I know that the Statue of Liberty design on the reverse was mandated by law, but it was short-sighted of Congress to keep that design on every presidential dollar. They missed out on an opportunity to educate the public on our nation’s history.

  3. MarkInFlorida says

    My bank usually has these rolls the first day of issue. I used to buy 2rolls of each then I sold the duplicates to buy silver. Good move. Now I’m wondering if I should just sell my one roll of each and buy silver. Aren’t all these dollar coins going to look ugly soon due to the metal decaying?

  4. says

    Two Cents,

    One of my greatest beefs with regards to the presidential dollar is the bland Statue of Liberty background. If you’re going to make a repeating background for every one of those coins, at least try to make it attractive!

  5. Two Cents says

    To Captain O,

    I like the Native American dollar coins. Every year, the reverse changes, and each one says something about the heritage of the Indian people. So far, they are attractive, and if they go with the recommended design, next year’s seems to be best looking yet.

  6. says

    MarkInFlorida

    I used to save the P&D of every roll but they do start turning, shsall we say, yucky, after as short time so I’ve started selling at auction on eBay @ starting price of $29.99 plus $3.00 shipping. Sometimes I only get this and sometimes it goes as high as $35 plus $3. The excitement of the auciton, albeit, small $$ is better than spending them.

  7. J A says

    One of the problems with the Presidential dollars is public acceptance. While some were taking advantage of the direct ship program by taking them back to the bank, some of us were ordering and actually circulating them.

    It is absurd and ridiculous for the mint to start charging $12.50 per box ordered through this program now. In essence, the collector wanting to assist with the circulation will now be penalized for wanting to do what the mint could only wish more people would do in the first place.

    We have been told for years how the usage of dollar coins would save money and with stockpiles and decades worth of coin supplies, it is totally unacceptable.

    Charging people to participate in the Direct Ship program all but secures the end of its usefulness such that even ardent collectors wanting to participate will be forced to withdraw completely.

  8. Brad says

    J A is right. Instead of completely eliminating the credit card option or charging a “fulfillment fee” for the boxes sold through the program, the Mint should simply bring back the ordering limit. I think it was originally 2 boxes per household per design. That is plenty of coins for one person to try to circulate anyway.

  9. says

    JA and Brad,

    Most of the Mint’s decisions regarding its clad products makes little sense lately, as I complained about in my most recent post. The Mint is overproducing pennies, which no one uses, and the $1 coins. Meanwhile coins which might actually have a fighting chance, such as the AtBs, are complete unknowns to the general public – the 5 oz varieties are not even being advertised and the mainstream product, the clad quarter, is being grossly underproduced. The quarter rolls and bags on their site are also overpriced which probably is reducing sales at a time when people are already ignoring clad in favor of gold and silver products.

    And now they’re hobbling their direct ship program, which is already in trouble, with this.

  10. Fosnock says

    CaptainOverkill

    If they could not get the dollars to circulate by giving them directly to the public at face value, nothing they can do will work. They need to simply give up this farce. The US has been trying to get a dollar coin in circulation since 1878, and all they do is stand neglected in some warehouse collecting dust, and costing the tax payer money in storage fees

  11. Outis says

    I grabbed four rolls from Chase at lunchtime. The teller said they received them in yesterday and today they were made them available for withdrawl. Sounds like there were a number of people asking for them, which I found odd since in the past it sounded like I was the only one.

    Maybe its because of the difficulty in obtaining with the new rules on the Direct Ship program. Maybe people are now just getting their rolls from the banks.

  12. Harry Baskins says

    “It’s too bad that the presidential dollar coins don’t have a design on the reverse that is particular to that president. The coins for their spouses show their wives’ contributions during the presidents’ term in office, and you would think that what the president did in office is at least as important enough to be remembered on a coin.”

    Yeah, for Nixon they could show him erasing the 27 minite gap in his tapes as his most important moment!

  13. VA Bob says

    Harry that might be pretty tame compared to Bill Clinton’s (if he were to ever get a coin as he probably won’t meet the criteria for this program… unless Hillary catches him again). 🙂

  14. linux2216 says

    CaptainOverkill,

    You must remember, the Mint is a government agency. It is not possible for a government agency to do anything with proper forethought and planning. That is what we call “business.” Government and business are diametrically opposed, of course. LOL.

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