When was the 25-year design law established?
Leiana
Posts: 4,349 ✭
There are some coins (Flying Eagle cent, for instance) that do not adhere to the 25 year law.
When was it established?
-Amanda
When was it established?
-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
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In honor of the memory of Cpl. Michael E. Thompson
<< <i>They don't really care about that law anymore. >>
They didn't really care about it back then, either. Lots of regular coins (SLQs, Franklin halves, Ikes, etc.) never made it to 25 years. It's more of a suggestion than a law, and all it takes is a stroke of a pen from Congress to either cut it short or extend it indefinitely (thanks, Virginia!).
There are some coins (Flying Eagle cent, for instance) that do not adhere to the 25 year law.
When was it established?
-Amanda
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The Act of September 26, 1890.
Denga
Experience the World through Numismatics...it's more than you can imagine.
-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
<< <i>It is time to repeal that one... I promise to do just that in a Coinkat Administration >>
No it does not need to be repealed, it needs to be modified. Currently the Act of Sept 26 1890 reads
"The Director of the Mint shall have the power, with the approval of the Secretary of the Treasury, to causenew designs or models of authorized emblems r devices to be prepared and adopted in the same manner as when new coins or devices are authorized. But no change in the design or die of any coin shall be made oftener than once in twenty five years from and including the year of the first adoption of the design, model, die or hub for the same coin."
I would propose that the word "less" be inserted after "shall be made". That would require design changes every 25 years as a maximum, but allow for more frequent changes.