Fed Sits On A Billion Unwanted Dollar Coins
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Presidential Dollar Coin Program
Millions of dollars worth of $1 coins languish in a vault at the Federal Reserve Bank of Richmond's Baltimore branch.
$1 Billion In Coins That Nobody Wants
()A joint inquiry by NPR's Planet Money and Investigations teams found that more than $1 billion of unused dollar coins are the wasteful byproducts of another failed congressional effort to replace the dollar bill in everyday commerce.
Planet Money
How Frequent Fliers Exploit A Government Program()
July 13, 2011 Travel enthusiasts buy thousands of coins with credit cards that award frequent-flier miles for purchases. The government picks up the tab for shipping.
Planet Money
Bill Would Kill Dollar Coin Program()
July 14, 2011 Planet Money recently reported on the mountain of dollar coins piling up in Federal Reserve vaults. Now a Democratic Congresswoman wants to halt the program.
Planet Money
Dollar Coin Loophole Closes For Frequent Fliers()
July 22, 2011 The U.S Mint said today it will no longer accept credit-card payments for dollar coins purchased from its Web site. Too many people were using the program just to get frequent-flier miles.
The Two-Way
The Buck Stops: Treasury Suspends Production Of Presidential Dollars()
December 13, 2011 Saying it can save taxpayers $50 million a year, the Treasury Department announced today that it is suspending almost all production of presidential dollar coins.
Planet Money
Dollar Coins Are Done()
December 13, 2011 Earlier this year we reported on the pileup of more than a billion unwanted $1 coins in government vaults. It was the result of a law passed a few years back that ordered the mint to create coins honoring each U.S. president.Today, the White House said it will end the program.
