Where does Edge Lettering removal from Pres Dollars stand?

Silverstate

Anyone have any updates..or are they going to continue edge lettering on the Presidential dollars?

tahoe98

i think it will be continued. otherwise why would they plan (so far) to add edge lettering to the sacs?

bigbadchad777

<< <i>Anyone have any updates..or are they going to continue edge lettering on the Presidential dollars? >>



Does anyone know for sure if they will continue or stop this process?
If they are to stop it, will the 2007 Pres. dollars be worth any more with the edge lettering?

Dentuck

If I'm not mistaken, the Native American $1 Coin Act also calls for edge lettering for the Sacagawea redesign.

messydesk

I was going to say it stands at the business end of a Dremel, but I guess you didn't mean that.

SUMORADA

I was going to say it stands at the business end of a Dremel, but I guess you didn't mean that.

edix2001

The senate is currently debating whether to remove edge lettering from Prexie dollars, the house already voted to do so. The 2009 Sackies have the lettered edge by law. The mint itself may choose it's own path, as they've done with the law stating that Sackies must be a certain significant percentage of all 2007 dollars, which the mint has blown off, stating that the 2009 Sackie law changed the equation or some such cop out. Meanwhile the Federal Reserve wants to take over coinage from the congress and the mint. But my question is, Who is minding the electronic funds?

newsman

It was deleted from the final version of the bill, so it won't happen. What the bill does include, however, is an extension of the state quarter program into 2009.

ricko

newsman... is that passed only by one house of congress? I have not heard anything official on extending the program. It will no longer be the Statehood Quarter Program if it happens. Cheers, RickO

notwilight

<< <i>It was deleted from the final version of the bill, so it won't happen. What the bill does include, however, is an extension of the state quarter program into 2009. >>



I'm not clear what your antecedent is. What was deleted?

newsman

Correction -- It looks like I was wrong before. They slipped a provision requiring the motto to move from the edge to one of the faces of not just the presidential $1 coin but also the new Sac/American Indian dollars as well (see the text below), which means the Mint will have to redesign the presidential coins in 2008 once the bill becomes law.

As for the state quarters, the House is set to vote Wednesday on the final version of the 2008 budget, which contains a section authorizing the Mint to make quarters in 2009 for D.C. and the territories. Once approved and signed by the president, it'll be official.

newsman

Here's the text:

SEC. 622. Section 5112 of title 31, United States Code, is amended by adding at the end the following new subsection:

`(r) Redesign and Issuance of Circulating Quarter Dollar Honoring the District of Columbia and Each of the Territories-

`(1) Redesign in 2009-

`(A) IN GENERAL- Notwithstanding the fourth sentence of subsection (d)(1) and subsection (d)(2) and subject to paragraph (6)(B), quarter dollar coins issued during 2009, shall have designs on the reverse side selected in accordance with this subsection which are emblematic of the District of Columbia and the territories.

`(B) FLEXIBILITY WITH REGARD TO PLACEMENT OF INSCRIPTIONS- Notwithstanding subsection (d)(1), the Secretary may select a design for quarter dollars issued during 2009 in which--

`(i) the inscription described in the second sentence of subsection (d)(1) appears on the reverse side of any such quarter dollars; and

`(ii) any inscription described in the third sentence of subsection (d)(1) or the designation of the value of the coin appears on the obverse side of any such quarter dollars.

`(2) SINGLE DISTRICT OR TERRITORY DESIGN- The design on the reverse side of each quarter dollar issued during 2009 shall be emblematic of one of the following: The District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands.

`(3) SELECTION OF DESIGN-

`(A) IN GENERAL- Each of the 6 designs required under this subsection for quarter dollars shall be--

`(i) selected by the Secretary after consultation with--
`(I) the chief executive of the District of Columbia or the territory being honored, or such other officials or group as the chief executive officer of the District of Columbia or the territory may designate for such purpose; and

`(II) the Commission of Fine Arts; and

`(ii) reviewed by the Citizens Coinage Advisory Committee.


`(B) SELECTION AND APPROVAL PROCESS- Designs for quarter dollars may be submitted in accordance with the design selection and approval process developed by the Secretary in the sole discretion of the Secretary.

`(C) PARTICIPATION- The Secretary may include participation by District or territorial officials, artists from the District of Columbia or the territory, engravers of the United States Mint, and members of the general public.

`(D) STANDARDS- Because it is important that the Nation's coinage and currency bear dignified designs of which the citizens of the United States can be proud, the Secretary shall not select any frivolous or inappropriate design for any quarter dollar minted under this subsection.

`(E) PROHIBITION ON CERTAIN REPRESENTATIONS- No head and shoulders portrait or bust of any person, living or dead, and no portrait of a living person may be included in the design of any quarter dollar under this subsection.

`(4) TREATMENT AS NUMISMATIC ITEMS- For purposes of sections 5134 and 5136, all coins minted under this subsection shall be considered to be numismatic items.

`(5) ISSUANCE-

`(A) QUALITY OF COINS- The Secretary may mint and issue such number of quarter dollars of each design selected under paragraph (4) in uncirculated and proof qualities as the Secretary determines to be appropriate.

`(B) SILVER COINS- Notwithstanding subsection (b), the Secretary may mint and issue such number of quarter dollars of each design selected under paragraph (4) as the Secretary determines to be appropriate, with a content of 90 percent silver and 10 percent copper.

`(C) TIMING AND ORDER OF ISSUANCE- Coins minted under this subsection honoring the District of Columbia and each of the territories shall be issued in equal sequential intervals during 2009 in the following order: the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands.

`(6) OTHER PROVISIONS-

`(A) APPLICATION IN EVENT OF ADMISSION AS A STATE- If the District of Columbia or any territory becomes a State before the end of the 10-year period referred to in subsection (l)(1), subsection (l)(7) shall apply, and this subsection shall not apply, with respect to such State.

`(B) APPLICATION IN EVENT OF INDEPENDENCE- If any territory becomes independent or otherwise ceases to be a territory or possession of the United States before quarter dollars bearing designs which are emblematic of such territory are minted pursuant to this subsection, this subsection shall cease to apply with respect to such territory.

`(7) TERRITORY DEFINED- For purposes of this subsection, the term `territory' means the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands.'.

SEC. 623. (a) In General- Section 5112(n)(2) of title 31, United States Code, is amended--

(1) in subparagraph (C)(i)--

(A) by striking `inscriptions' and inserting `inscription'; and

(B) by striking `and `In God We Trust'; and

(2) by adding at the end the following new subparagraph:

`(F) INSCRIPTION OF `IN GOD WE TRUST'- The design on the obverse or the reverse shall bear the inscription `In God We Trust'.'.

(b) Conforming Amendment- Section 5112(r)(2) of title 31, United States Code, is amended--

(1) in subparagraph (C)(i)--

(A) by striking `inscriptions' and inserting `inscription'; and

(B) by striking `and `In God We Trust'; and

(2) by adding at the end the following new subparagraph:

`(E) INSCRIPTION OF `IN GOD WE TRUST'- The design on the obverse or the reverse shall bear the inscription `In God We Trust'.'.

(c) Effective Date- The change required by the amendments made by subsections (a) and (b) shall be put into effect by the Secretary of the Treasury as soon as is practicable after the date of enactment of this Act.

SUMORADA

Correction -- It looks like I was wrong before. They slipped a provision requiring the motto to move from the edge to one of the faces of not just the presidential $1 coin but also the new Sac/American Indian dollars as well (see the text below), which means the Mint will have to redesign the presidential coins in 2008 once the bill becomes law.

So what else has to happen for this to become law ? thanks

Tootawl

Sounds like it will still have the Chuck E Cheese token look to the Presidental coins.

newsman

<< <i>So what else has to happen for this to become law ? thanks >>



The House has to pass it and President Bush has to sign it, both of which should happen by the end of this week.

tahoe98

gonna watch for this!

unknowncomic

Let's just turn this over to the Fed. They have done such a great job with everything else.

FLBuffaloHunter

The bill requires 'In god we trust' to be on the Obverse or Reverse. 'E pluribus unum', the date and Mint mark could still be on the edge as there is no requirement to move those. The Mint has also spent millions of dollars on incoporating the edge lettering into the coin press to make it a on-step-process. They expected to have it in place by the end of this year so I think there will still be edge lettering on the 2008 Presidential dollars.

notwilight

<< <i>The bill requires 'In god we trust' to be on the Obverse or Reverse. 'E pluribus unum', the date and Mint mark could still be on the edge as there is no requirement to move those. The Mint has also spent millions of dollars on incoporating the edge lettering into the coin press to make it a on-step-process. They expected to have it in place by the end of this year so I think there will still be edge lettering on the 2008 Presidential dollars. >>



But if it's a one step process then that will eliminate the position designation and the rimless errors. --Jerry

derryb

Per an insider, the Feb 08 presidential releases are already being struck, same as the 07 pressies.

FLBuffaloHunter

<< <i>But if it's a one step process then that will eliminate the position designation and the rimless errors. --Jerry >>


I believe that is the intent of making it a one-step-process, eliminating the edge errors and minting the Presidential coins to have a uniform apperance. Making it a one-step-process seems would be the evolution of the edge lettering process. Since the coins will go through less handling, the quality should also increase.

notwilight

<< <i>

<< <i>But if it's a one step process then that will eliminate the position designation and the rimless errors. --Jerry >>

I believe that is the intent of making it a one-step-process, eliminating the edge errors and minting the Presidential coins to have a uniform apperance. Making it a one-step-process seems would be the evolution of the edge lettering process. Since the coins will go through less handling, the quality should also increase. >>



Yes, I agree, they should be less beat up, but not much. I'd say the rimless errors were what, half a point, better than the run of the mill dollars? They will likely still move them in grain augers. But this might pave the way for 68s. I don't think the mint cares about Pos A and Pos B but eliminating that might attract interest to the series as some collectors are put off by the sheer number of coins in the registry set.

--Jerry

FLBuffaloHunter

<< <i>Per an insider, the Feb 08 presidential releases are already being struck, same as the 07 pressies. >>


That would make sense since the Mint started production of the George Washington dollars in November last year. Maybe for John Quincy Adams, which comes out in May 2008 they will have the new inscription designs in place.

Silverstate

Jerry,

How were the proofs made?
Edge Lettering was all the same and none of the missing, partial or weak edge OR Positions A Or B are an issue.

So, If the planchets are done in an unpolished version of the proof, then edge lettering issues and mass quantities of varieties will cease.

That could make the Presidential set boring....maybe I could do a little bit of boring for awhile.

FLBuffaloHunter

<< <i>Jerry,

How were the proofs made?
Edge Lettering was all the same and none of the missing, partial or weak edge OR Positions A Or B are an issue.

So, If the planchets are done in an unpolished version of the proof, then edge lettering issues and mass quantities of varieties will cease.

That could make the Presidential set boring....maybe I could do a little bit of boring for awhile.

>>


I suppose they want the Presidential coins to have a uniform apperance like the rest of the circulating coins and coins issued for collectors.

Coinsponge

If I could dictate the changes I would say remove the date in office and put a mintage date there. Reduce the size of the President image slightly and put "Liberty" on the obverse over the President. Put mint mark and the motto on the reverse and "one dollar" on the edge. Now that's a real coin IMO.