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The Circulating Collectible Coin Redesign Act of 2020: What it means for the hobby

WALLEWALLE Posts: 256 ✭✭✭✭

I just caught this on Coin Update, I'm not sure if this information was posted here before. Here are just a few items the talk about.

On January 13, 2021, President Donald Trump signed into law a bill known as the “Circulating Collectible Coin Redesign Act of 2020.” The bill was first introduced in the House of Representatives by Rep. Barbara Lee, D-CA, on March 27, 2020, and is quite comprehensive, affecting every circulating coinage denomination from the cent to the dollar over the next nine years, plus significant new medals and silver bullion coins.

Here is a summary of some of the changes the Circulating Collectible Coin Redesign Act of 2020 brings in the near future:

PROMINENT WOMEN

Coins involved: Quarter dollars, 2022–2025.

Directing the Treasury Department, through the U.S. Mint, “to mint and issue quarter-dollar coins in commemoration of the ratification of the Nineteenth Amendment granting women the right to vote. The design on the reverse of each coin shall be emblematic of the accomplishments and contributions of a prominent woman who was a resident of a state, the District of Columbia, or a U.S. territory.” Effective January 1, 2022, through the end of 2025, the Secretary of the Treasury “shall issue quarter dollars that have designs on the reverse selected in accordance with this subsection which are emblematic of the accomplishment of a prominent American woman.”

The act provides for up to five coins per year. Coins will feature one prominent woman on the reverse while maintaining George Washington’s likeness on the obverse and flexibility in the placement of inscriptions. Women depicted may be selected from fields and accomplishments such as “suffrage, civil rights, abolition, government, humanities, science, space, and arts.”

Dennis Tucker, publisher of Whitman Publishing (maker of the Guide Book of United States Coins, known as the “Red Book”) and numismatic specialist on the Treasury Department’s Citizens Coinage Advisory Committee, said:

This new coin program is unique and exciting. It marks the first time Congress will use a series of circulating coins to honor prominent Americans. We’ve had popular quarters that celebrate the states and territories. We’ve had the National Park quarters. This program is different, and equally historic. It will honor not only people, but specifically American women, and the law mentions ethnic, racial, and geographical diversity. The opportunities are immense.

250 YEARS OF AMERICAN INDEPENDENCE

Coins involved: Cent, nickel, dime, quarter, half dollar, and dollar, 2026.

The issuance of redesigned circulating coins emblematic of the United States semiquincentennial (the 250th anniversary of the Declaration of Independence). Commencing on January 1, 2026, for a one-year period, the Treasury Secretary “may issue quarter dollars in 2026 with up to five different designs emblematic of the United States semiquincentennial.” One of the quarter dollar designs will be emblematic of “a woman’s or women’s contribution to the birth of the Nation or the Declaration of Independence or any other monumental moments in American History.” Also provided for are one-dollar coins emblematic of the United States semiquincentennial.

This section of the legislation also allows the Treasury to redesign, for the year 2026, every other circulating U.S. coin—the Lincoln cent, the Jefferson five-cent nickel, the Roosevelt dime, and the Kennedy half dollar.

“The importance of this coin redesign can’t be overstated,” said Tucker. “The 1776–1976 Bicentennial coinage opened the eyes of generations of Americans to the coins in their pocket change. The Bicentennial quarter in particular embodied the idea of ‘circulating commemoratives’ in a way that no other coins had to that point. People still save them when they get them in change today, more than forty years later! Coming in 2026, the complete floor-to-ceiling redesign of America’s coins has the potential to get millions of people looking at their small change again.”

NEW PORTRAITS IN 2027

Coins involved: Quarter dollar and half dollar, 2027 and beyond.

Significantly, the Semiquincentennial section states that in 2027 the quarter and half dollar will bear likenesses of George Washington and John F. Kennedy, respectively—but not necessarily the original 1932 and 1964 likenesses by John Flanagan and Gilroy Roberts.

“This opens up the possibility of new portraits on two American coins, including the workhorse of U.S. circulating coins, the quarter dollar,” said Tucker. “Collectors are used to seeing new reverse designs come out in recent years. But new obverse portraits? That’s a game changer.”

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Looks like big changes coming in 2026.... Could be interesting... Though I wish they would eliminate the portraits of people on the coins. Cheers, RickO

  • olympicsosolympicsos Posts: 825 ✭✭✭✭

    At this point, which seasoned collector isn't exhausted with collecting moderns yet?

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭
    edited January 18, 2021 8:59AM

    “The importance of this coin redesign can’t be overstated,” said Tucker. “The 1776–1976 Bicentennial coinage opened the eyes of generations of Americans to the coins in their pocket change. The Bicentennial quarter in particular embodied the idea of ‘circulating commemoratives’ in a way that no other coins had to that point. People still save them when they get them in change today, more than forty years later! Coming in 2026, the complete floor-to-ceiling redesign of America’s coins has the potential to get millions of people looking at their small change again.”

    I find it interesting that the new (current) (2021) circulating regular design quarter might be a one year type coin modeled from the original design from 1932 intended to be a one year type coin and similar to the New Jersey states quarter intended to be a ten week type coin. Seems things are moving ever faster.

    The effectiveness of getting people interested in their coins again might actually be greater if there weren't so very many changes. It certainly does create very interesting coins to collect but the variety might be overwhelming to children in another ten years.

    It's also interesting this will mark the first change to the dime design since clad was introduced in 1965. There will be an incredible 61 different dates in circulation before very many even notice them. The early dates and low mintage coins are already getting somewhat "scare" in circulation and by 2026 no dimes minted before 1980 will even be in VF condition.

    Each year our coinage gets more interesting, but I hope it doesn't get too interesting.

    I am chagrinned that the toxic little penny and 6c nickel are likely to be maintained as a result of this law though might become mint set only.

    Tempus fugit.
  • oih82w8oih82w8 Posts: 12,342 ✭✭✭✭✭

    "Circulating Collectible Coin Redesign Act" I was soooo hoping for the return of LIBERTY figures instead of dead presidents.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

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  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭
    edited January 18, 2021 11:15AM

    @olympicsos said:
    At this point, which seasoned collector isn't exhausted with collecting moderns yet?

    I just bought a V75 Silver Dollar and I'm looking forward to the Crossing of the Delaware Quarters.

    I'm a fan of the Innobucks but haven't started collecting them yet.

  • KudbegudKudbegud Posts: 4,735 ✭✭✭✭✭

    I set my alarm for 2026 to check the status of this interesting development. My hope is this will be a big success without controversy and produce beautiful designs.


  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭
    edited January 18, 2021 11:16AM

    @oih82w8 said:
    "Circulating Collectible Coin Redesign Act" I was soooo hoping for the return of LIBERTY figures instead of dead presidents.

    That was proposed in 2013 as House Resolution (HR) 2535. Maybe the bill can be resurrected?

    https://forums.collectors.com/discussion/971838/does-lady-liberty-have-a-better-chance-now#latest

  • TheRavenTheRaven Posts: 4,145 ✭✭✭✭

    2026 coins could be interesting, the others not so much.

    Collection under construction: VG Barber Quarters & Halves
  • HigashiyamaHigashiyama Posts: 2,197 ✭✭✭✭✭

    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    Higashiyama
  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭
    edited January 18, 2021 11:48AM

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I'm actually exited. The new Washington quarter bust image looks like a return to the 1930s and not the spaghetti hair busts of 1999.

  • RedStormRedStorm Posts: 223 ✭✭✭

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I agree...I don’t like the current nickel at all and fear they’re going to go with a full face format for both the new Washington quarter and new Kennedy half designs.

  • TurtleCatTurtleCat Posts: 4,619 ✭✭✭✭✭

    @oih82w8 said:
    "Circulating Collectible Coin Redesign Act" I was soooo hoping for the return of LIBERTY figures instead of dead presidents.

    It would never happen. Coins are used as political signposts and a way to convey whatever message the issuer wants. The 50 state coin program showed how effective it is as a billboard for whatever the government chooses to promote.

  • santinidollarsantinidollar Posts: 1,056 ✭✭✭✭✭

    This just might get more people into collecting. Certainly more than the long in the tooth designs we have now.

  • Clackamas1Clackamas1 Posts: 1,066 ✭✭✭✭✭

    Betsy Ross should be the first woman honored.

  • Clackamas1Clackamas1 Posts: 1,066 ✭✭✭✭✭

    @Zoins said:

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I'm actually exited. The new Washington quarter bust image looks like a return to the 1930s and not the spaghetti hair busts of 1999.

    I want more relief on the image.

  • cladkingcladking Posts: 28,701 ✭✭✭✭✭

    @Clackamas1 said:

    @Zoins said:

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I'm actually exited. The new Washington quarter bust image looks like a return to the 1930s and not the spaghetti hair busts of 1999.

    I want more relief on the image.

    That can't happen unless the cent is discontinued or mintages drop precipitously. It takes too long for the designs to become struck up and the mint spends all their time and productive capabilities churning out worthless pennies on high speed presses. Then they ascribe the costs of pennies to other denominations as they spend 6c for the metal to make nickels.

    I wouldn't expect a return to either sanity or liberty themed coins anytime soon.

    Tempus fugit.
  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭

    @cladking said:
    I wouldn't expect a return to [...] liberty themed coins anytime soon.

    There was a Congressional bill. Perhaps we just need more collectors writing their Congresspeople :)

  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭

    @Clackamas1 said:

    @Zoins said:

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I'm actually exited. The new Washington quarter bust image looks like a return to the 1930s and not the spaghetti hair busts of 1999.

    I want more relief on the image.

    Coins are meant for commerce so they must meet that requirement.

    For higher relief, perhaps the Mint can start a medallic coin program. It could be legal tender coins, but ones designed in such a way they're not suitable for commerce, e.g. can't fit in vending machines.

  • Namvet69Namvet69 Posts: 9,069 ✭✭✭✭✭

    Maybe Dan Carr will be appointed as special advisor rear admiral creative design consultant grand poohbah at the Mint! Peace Roy

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  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭

    @Clackamas1 said:

    @Zoins said:

    @Higashiyama said:
    Anyone contemplating the ghoulish pancake of a portrait of Jefferson on the current nickel may be terrified by the thought of redesigning the busts of Washington and Kennedy.

    I'm actually exited. The new Washington quarter bust image looks like a return to the 1930s and not the spaghetti hair busts of 1999.

    I want more relief on the image.

    Yes-me, too.

  • DBSTrader2DBSTrader2 Posts: 3,487 ✭✭✭✭

    I'm surprised the Donald signed that bill, since it empowers/honors women, and given his administration's history with the $20 "Tubman" bill.

    As interesting a subject as it may be, I'm just so worn out by the endless re-designs on the quarters and dollars that I'm not going to pursue collecting this series, unfortunately. If a folder falls into my lap & I find them in change, I may fill a foolder, but not with the excitement of old.....

    And I still believe the half-dollar is a better sized coin to display multiple reverses on, and may actually lead to their being used in commerce more.

  • GRANDAMGRANDAM Posts: 8,569 ✭✭✭✭✭

    More quarters,,,,,,, we have enough freaking quarters,,,,,,,,

    GrandAm :)

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