Here's one of many articles on the subject:
http://www.govexec.com/story_page.c...f=todaysnewsTo specifically quote the most eye-popping paragraphs, it makes you wonder why they don't remove this cost from the Federal Budget:
Quote:
Some 1.252 billion presidential $1 coins are currently sitting in plastic bags or boxes on shelves in vaults in Philadelphia and Baltimore, according to the Federal Reserve. A Government Accountability Office report dealing with the broader issue of paper-versus-metal dollars projected that the total in presidential coins will soon exceed 2 billion.
The cost of making the coins -- about 32 cents each, or $576,000 per day -- is only part of the story because the government is running out of space to store them. The Federal Reserve Bank of Dallas is preparing to build a new storage vault at a cost of $650,000, to which must be added $3 million to move the coins south in armored trucks and $1.4 million for new pallets and building renovations, according to a press release from Vitter.