IL senators propopse 4 new Lincolns for 2009.
Weiss
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As heard on my local (IL) news this morning...
Look out, state quarters program!!
Man, I hope there is a phenomenal amount of seigniorage on cents. Does this sound like a money-losing pork program to anyone else?
U.S. Senators Dick Durbin (D-IL), Peter Fitzgerald (R-IL), Jim Bunning (R-KY) and Evan Bayh (D-IN) today introduced legislation to put a "new face" – actually a new back – on a series of one-cent coins to mark the 200th anniversary of the birth of Abraham Lincoln. The redesigned pennies would be issued in 2009, the year of the Lincoln bicentennial and would feature four designs on the reverse side of the coins, each representing a different aspect of the life of Abraham Lincoln. The different designs would depict his birth and early childhood in Kentucky, his youth in Indiana, his professional life in Illinois and his presidency in Washington, DC. The present image of Lincoln will continue to be on the front of the penny.
"Abraham Lincoln was one of this nation's greatest leaders and is a hero to generations of Americans," said Senator Durbin. "From his determination to preserve the Union to his courageous Emancipation Proclamation, few of us living today have not been touched by the Lincoln legacy. On the bicentennial of his birth, this special series of coins will be a very visible and inclusive way to celebrate his life and leadership."
Issued in 1909 on the 100th anniversary of Lincoln's birth the "Lincoln cent" featuring Victor David Brenner's likeness of the 16th president is one of the most recognizable designs in American currency. In the nearly 100 years of production of the Lincoln cent there have been only two designs on the reverse side: the original featuring two wheat-heads and the current representation of the Lincoln Memorial in Washington, DC.
The Durbin bill would instruct the Secretary of the Treasury to issue four one-cent coins during the year 2009. The designs will be chosen by the Secretary after consultation with the Abraham Lincoln Bicentennial Commission, the Commission of Fine Arts, and the Citizens Coinage Advisory Committee. After December 31, 2009, the image on the reverse of the penny will be permanently changed to one that represents President Lincoln's preservation of the United States as a single, united nation.
"Lincoln's life is a model of honesty, integrity, loyalty and a lifetime of education," said Durbin. "In 1865, he gave the ultimate sacrifice for the country he loved, dying from an assassin's bullet. A year's worth of new designs on the back of the penny will honor his life's work and mark the occasion of his 200th birthday. The redesigned coins will give children and adults alike a new understanding of his achievements and contributions to this nation."
Senator Durbin is a co-chair of the Abraham Lincoln Bicentennial Commission, which was established by Congress in 2001 to organize the national observance of the 200th anniversary of Lincoln's birth on February 12, 2009. Its mission is to study and recommend to Congress activities that will best pay tribute to Lincoln on the occasion.
Senator Dick Durbin press release
Look out, state quarters program!!
Man, I hope there is a phenomenal amount of seigniorage on cents. Does this sound like a money-losing pork program to anyone else?
U.S. Senators Dick Durbin (D-IL), Peter Fitzgerald (R-IL), Jim Bunning (R-KY) and Evan Bayh (D-IN) today introduced legislation to put a "new face" – actually a new back – on a series of one-cent coins to mark the 200th anniversary of the birth of Abraham Lincoln. The redesigned pennies would be issued in 2009, the year of the Lincoln bicentennial and would feature four designs on the reverse side of the coins, each representing a different aspect of the life of Abraham Lincoln. The different designs would depict his birth and early childhood in Kentucky, his youth in Indiana, his professional life in Illinois and his presidency in Washington, DC. The present image of Lincoln will continue to be on the front of the penny.
"Abraham Lincoln was one of this nation's greatest leaders and is a hero to generations of Americans," said Senator Durbin. "From his determination to preserve the Union to his courageous Emancipation Proclamation, few of us living today have not been touched by the Lincoln legacy. On the bicentennial of his birth, this special series of coins will be a very visible and inclusive way to celebrate his life and leadership."
Issued in 1909 on the 100th anniversary of Lincoln's birth the "Lincoln cent" featuring Victor David Brenner's likeness of the 16th president is one of the most recognizable designs in American currency. In the nearly 100 years of production of the Lincoln cent there have been only two designs on the reverse side: the original featuring two wheat-heads and the current representation of the Lincoln Memorial in Washington, DC.
The Durbin bill would instruct the Secretary of the Treasury to issue four one-cent coins during the year 2009. The designs will be chosen by the Secretary after consultation with the Abraham Lincoln Bicentennial Commission, the Commission of Fine Arts, and the Citizens Coinage Advisory Committee. After December 31, 2009, the image on the reverse of the penny will be permanently changed to one that represents President Lincoln's preservation of the United States as a single, united nation.
"Lincoln's life is a model of honesty, integrity, loyalty and a lifetime of education," said Durbin. "In 1865, he gave the ultimate sacrifice for the country he loved, dying from an assassin's bullet. A year's worth of new designs on the back of the penny will honor his life's work and mark the occasion of his 200th birthday. The redesigned coins will give children and adults alike a new understanding of his achievements and contributions to this nation."
Senator Durbin is a co-chair of the Abraham Lincoln Bicentennial Commission, which was established by Congress in 2001 to organize the national observance of the 200th anniversary of Lincoln's birth on February 12, 2009. Its mission is to study and recommend to Congress activities that will best pay tribute to Lincoln on the occasion.
Senator Dick Durbin press release
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
0
Comments
Aerospace Structures Engineer
about having his likeness on a coin that is a drag on the economy; a coin that actually decreases
from the total wealth of the nation rather than increases it.
While a 2009-S VDB would be a wonderful thing to see, why not make it out of copper for mint and
proof sets only. The $5 bill could have a special reverse if they want something to circulate.
<< <i>The present image of Lincoln will continue to be on the front of the penny.
>>
Although I do like all the changes our coins are getting I still believe that the image of Liberty should grace this nations coinage, not dead presidents.
Aerospace Structures Engineer
And really, I'm starting to grow weary of "special designs" on some denomination each year. It's murder on a type collector...
<< <i>And afterwards I hope the kill the denomination. It's time to put it to rest. >>
Ain't gonna happen. The economy depends on it too much. Case and point is the 6% tax (in most states). They sure as hell won't drop it to 5%. And they aren't going to drop the stamp from 37 cents to 35. It'd all be raised to 10% and 40 cents. Not tomention prices for products would have to be calculated out to have a price divisable by 5 cents, whereas any price can be divisable by 1 cent. The cents been around since, like, 1792. It'll be around for quite some time more.
None of that would have to be done. Simply round up sales tax to the nearest 5¢ increment. It's already done with the penny.
Russ, NCNE
David
Edited to change my vbb to a vdb
<< <i>Maybe we need a silver proof 2009-S VDB
Hey, this isn't such a bad idea. I don't know about silver. Bronze is fine......
we might see 10 different Lincolns for 2008-9
1958-2008 MEM designs
1909-2009 Wheaties !
1809-2009 ?
what better way to bookend the SHQ program ?
The 08 proof set is gonna be 15 coins !
My guess is 12 different cent coins in 08-09
Nuff collectors to dent the deficit with the seniorage !
michael
<< <i>what better way to bookend the SHQ program ?
The 08 proof set is gonna be 15 coins ! >>
Knowing the greedy mint, it will cost $99 also! I can see them selling P & D rolls for $9.99 for 2 rolls of cents and us gobbling them up!!!
--Severian the Lame
<< <i>After December 31, 2009, the image on the reverse of the penny will be permanently changed to one that represents President Lincoln's preservation of the United States as a single, united nation. >>
Here we go again. Another state that thinks they own America's coinage. Are we going to roll over on this one like we did the Jefferson
Nickel? Or are we going to insist the ANA represent collectors & citizens and demand that no law be passed that permanently incorporates
a coin design?
Edit: grammar.
Great transactions with oih82w8, JasonGaming, Moose1913.
jom