Lending Club Blog

The Presidential $1 Coin Program

Building on the success of the 50 State Quarters program, the US Mint began a Presidential $1 Coin Program this year. Whether this newest dollar coin will finally gain acceptance is a matter that only time will tell.

The Presidential $1 Coin program will release 4 coins a year and bear images of the former Presidents in the order in which they served. This year’s releases were/will be:

George Washington February 15th
John Adams May 17th
Thomas Jefferson August 16th
James Madison November 15th

Recent releases of dollar coins have proven to be largely unsuccessful. It seems that prior failures have caused the mint to change its tactics. Both the Susan B. Anthony Dollar and the Sacagawea Dollar, which were the two most recent dollar coins intended for circulation, were marketed for their historical significance. It was also highly touted how much more cost effective dollar coins were to paper dollars due to their extended lifetime.

The Presidential $1 Coins are being marketed in a completely different light. They are marketed as collectibles and it’s no wonder why. The 50 State Quarter Program saw a renewed interest in coin collecting that the mint likely hopes will continue with this program. When people collect coins, rather than use them as currency, they are effectively taking the coins out of circulation. This creates a profit, or seigniorage, for the government because the coins cost much less than their face value to produce. Since its inception in 1999, the 50 State Quarters Program has generated over four and a half billion dollars in this manner.

Although collectors may keep the Presidential $1 Coin Program alive and profitable, it seems to me that the only way for a dollar coin to truly catch on is to eliminate the paper dollar. Until that day comes, if it ever does, we will have to enjoy the latest dollar coins for their beauty and collectible nature if not for their use in our daily lives.

Monday, September 17th, 2007 at 6:48 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016

What is Lending Club?

More than one million Americans have achieved their financial… Read More »
February 16, 2016

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Success: Surpassing $16 Billion in Loans

Founded in 2007, Lending Club’s… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

Critical Small Business Financing Issues

A recent Harris Poll survey conducted on behalf of… Read More »
December 17, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w