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.
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.
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.
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.
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.