Finish Your State Quarters, Here Comes The Dolars
1956Quarter
Posts: 400
Presidents could replace Sacagawea
Castle co-sponsors dollar coin proposal; experts say $1 bill needs to be eliminated
By JEANNINE AVERSA
Associated Press
03/10/2004
WASHINGTON -- Sacagawea would make way for the faces of U.S. presidents under a proposal aimed at breathing new life into the little-used dollar coin.
Reps. Mike Castle, R-Del., and Carolyn Maloney, D-N.Y., introduced legislation Tuesday for a rotating design approach - similar to the popular 50-state quarter program - to spur interest in the coins.
The image of Sacagawea, the Shoshone Indian who helped Lewis and Clark find their way to the Pacific Ocean, is currently on the coin. The Sacagawea dollar has failed to catch on since it was unveiled in 2000.
Under the legislative proposal, a president would be put on the front of the coin and the Statue of Liberty would be on the back. Four presidents would be honored each year, in the order that they served the country. The U.S. Mint would start issuing the new designs in 2006.
Link To Full Article
Castle co-sponsors dollar coin proposal; experts say $1 bill needs to be eliminated
By JEANNINE AVERSA
Associated Press
03/10/2004
WASHINGTON -- Sacagawea would make way for the faces of U.S. presidents under a proposal aimed at breathing new life into the little-used dollar coin.
Reps. Mike Castle, R-Del., and Carolyn Maloney, D-N.Y., introduced legislation Tuesday for a rotating design approach - similar to the popular 50-state quarter program - to spur interest in the coins.
The image of Sacagawea, the Shoshone Indian who helped Lewis and Clark find their way to the Pacific Ocean, is currently on the coin. The Sacagawea dollar has failed to catch on since it was unveiled in 2000.
Under the legislative proposal, a president would be put on the front of the coin and the Statue of Liberty would be on the back. Four presidents would be honored each year, in the order that they served the country. The U.S. Mint would start issuing the new designs in 2006.
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BTW, we are the ONLY country that still makes a one dollar bill or the equivalent. Canada and the Euro use coins.
W.C. Fields
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I agree that it's time to do away with the dollar bill. Rotating through all of the presidents may pose a problem if they do more than one president a year... Eventually, they will catch up with a president that is still living...
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<< <i>I like the idea, but as long as Teddy Kennedy is in office I dont think it will happen. The 1$ bill is 60 percent of BEP's output. The one company that makes paper for BEP is in Teddy Kennedy's state. He will exert his influence to kill any bill that take jobs from Massachusetts. Just MHO about how the political process affects coin production and design. >>
You just gave me a reason to like Ted Kennedy =P
Imagine the increase in the cost of each set from the mint, not to mention the additional rolls of dollar coins that everyone would have to buy. I am sure that the TPGs would support the bill as well, 3 times more dollar coins to grade for collectors.
I guess Clinton, Carter, Ford, Reagan and the Bushes better die in the next ten years, or they would miss out
But why stop at just the First ladies for commem's, what about those hard working Vice Presidents?
Seriously, I hope that our mint doesn't become like the Isle of Man, Liberia or Australia which put out far too many and expensive "commemerative" coins every year.
Sorry, just had to vent. You can return to your normal banter now!
I can quit collecting anytime I want to.....I just don't want to!
<< <i>Mint Director Henrietta Holsman Fore said: "The United States Mint will proudly mint what Congress decides. When coins are redesigned, we do know that people look at them again." >>
There's a little too much of this going on already.
Great transactions with oih82w8, JasonGaming, Moose1913.
Adding Presidents might be interesting to some collectors, but they won't be spent.
I really wonder about doing all of the Presidents. Seems like Franklin Mint to me...
I'd prefer that they do Presidents that left a lasting positive legacy in history.
I wonder if they will be colorized...
OH! Remember to tell Teddy K. to print more $2 bills while your telling him there will be no more $1 bills.
Looking for 1967 PCGS/NGC slabbed coins.
If no one gives them as change, then it's just the mint suckering collectors......
Looking for 1967 PCGS/NGC slabbed coins.
I think they also ought to bring back commemorative halves like the old days, made for circulation
By the way, what happened to "In God We Trust" on the design?
<< <i>I'm all for it. It sounds like the politicians finally realize that a dollar coin won't succeed unless the dollar bill is phased out. >>
What makes you say that? There is nothing in the proposal about eliminating the dollar note. That comment came from one of the "experts", Steve Ivy, President of PNG. And he is just repeating something that every numismatist has known since the SBA's came out in 79.
<< <i>BTW, we are the ONLY country that still makes a one dollar bill or the equivalent. Canada and the Euro use coins. >>
A better comment would be that we are the ONLY country that introduced a small coin of the same denomination as the smallest note where the coin has failed. Why? Well, we were the first to do it and the rest studied what happened here and they all realized that the note would have to be discontinued.