Originally Posted by Andy2

Great post. The Mint showed tremendous business savvy by figuring out how to sell these coins at a profit to individual customers when the banks would not buy them.

I am amazed at the lack of good reporting regarding the role of banks in this situation. Most of us spend some of the coins and deposit some of them. The entity with the greatest ability to "circulate" the coins and "educate" the masses regarding the long-term benefits of using dollar coins instead of dollar bills are the banks. When retailers go to the banks early in the morning to pick up the daily currency, a significant portion of the dollr order could be delivered in $1 coins. When the working folk go to the bank to cash a paycheck, the dollar portion could be in $1 coins.

The banks are the players that ship the $1 coins to the Fed, not us. The Mint and the direct ship customers are not doing anything wrong.