News & Announcements

Presidential Coins Now Sold Online

In December of 2011, the Federal Government announced that the production of the U.S. Mint presidential dollar coins was suspended. This action was due to the $1.4 Billion surplus of existing coins being held in a newly created vault at the Federal Reserve. The Treasury department indicated that the suspension of production will save America taxpayers $50 Million per year.

It is also important to recognize that the Lisbon Credit Union will no longer being selling the U.S. Mint presidential dollar coins at our Lisbon main office and our Lewiston branch office. In fact, the coins will no longer be sold at any financial institution across the nation. Members interested in purchasing these coins can visit either the United States Mint or Presidential Dollar Store websites.

Fortunately, four more coins will be produced in 2012—starting with Chester Arthur (1881-1885) in the spring. However, the U.S. Mint will only make enough to meet the demands of collectors who pre-order the coins. The rest of the release schedule for 2012 is as follows: Grover Cleveland (1885-1889), Benjamin Harrison (1889-1893) and Grover Cleveland (1893-1897).

Please contact us if you have any questions about the U.S. Mint presidential dollar coin program.