Miami Valley Coin Club

Club Purchases Dollar Coins for Members

Late last year, the Treasury Department bowed to reality, and bulging vaults, and announced that they would no longer be minting the dollar coins for circulation. For collectors used to going down to their bank for fresh rolls of coins as they were issued, this was disappointing news.

The Dayton-Kettering Coin Club feels your pain. The good news is that the mint is still making the coins – you just have to order them directly from them and pay a small premium, as well as shipping. The per coin cost is smaller if you buy in bulk. So, on an experimental basis, we’re going to try and do something to solve our members’ dilemma. 

Beginning with this year’s first Presidential dollar honoring Chester Alan Arthur, as well as the soon to be released 2012 Native American dollar, the club will purchase 10 rolls of each new dollar from both Denver and Philadelphia. We’ll make them available at the club meetings to the members who attend at our cost; we’re estimating that it will be about $29 per roll. For those of you who want just one or two, we’ll break open a roll if we have any left over.  If there’s sufficient demand, we’ll order more in future.

The mint will resume taking orders for the Arthur dollar in early May, and the new Native American dollar is available April 26. We anticipate having the coins in time for the June meeting. The catch is you’ve got to come to the meeting if you want to pick up the coins. If you’re interested in reserving a roll now, send us an e-mail at daytonketteringcoinclub@gmail.com.