Ronald Reagan dollar/Nancy Reagan First Spouse $10

CaptHenway · February 12, 2015 10:48PM

Coin World is reporting that the Mint is preparing designs for a 2016 Ronald Reagan dollar and a Nancy Reagan First Spouse $10. I guess they are going to skip Jimmy Carter and his wife for now.

I personally do not think that they should do the President coins out of order. What do you think?

TD

jmcu12 · February 12, 2015 11:03PM

Actually I expected to see this all along. I think it is ok. I still don't collect the series though.

I also expected that, as presidents die that the mint would issue a dollar and spouse soon thereafter. Admittedly I don't know if the enacting legislation allows this?

dbldie55 · February 12, 2015 11:12PM

Excellent plan. Did not think much of the series to start with, but if they are going to do them, they should include Reagan.

edix2001 · February 12, 2015 11:23PM

It would only be out of order if they eventually made a Carter prexie. It seems to me the program will end with Reagan, thus covering all the previously living presidents.

LindeDad · February 12, 2015 11:38PM

Who cares the series are both dead and 99% of the coins minted end is storage for use in a time of cell phone currency.

NewEnglandNotes · February 12, 2015 11:42PM

Nancy isn't dead yet.......

OPA · February 12, 2015 11:45PM

<< Coin World is reporting that the Mint is preparing designs for a 2016 Ronald Reagan dollar and a Nancy Reagan First Spouse $10. I guess they are going to skip Jimmy Carter and his wife for now.

I personally do not think that they should do the President coins out of order. What do you think?

TD >>

When did Jimmy Carter die? You have to be a dead president for x number of years to qualify for this series and the serious would not be "out of order."

crypto79 · February 12, 2015 11:53PM

They should include them all indifferent of heartbeat status. Just finish the stupid series

jmski52 · February 13, 2015 12:13AM

I think the program should proceed the way it was legislated, but isn't there a prohibition against depicting a live person on American coinage? Or does that only apply to past presidents?

OPA · February 13, 2015 12:24AM

<< I think the program should proceed the way it was legislated, but isn't there a prohibition against depicting a live person on American coinage? Or does that only apply to past presidents? >>

It applies to all...you have to be 6' under to qualify on US coinage.

OPA · February 13, 2015 12:26AM

<< I think the program should proceed the way it was legislated, but isn't there a prohibition against depicting a live person on American coinage? Or does that only apply to past presidents? >>

It applies to all...you have to be 6' under to qualify on US coinage. Presidents must be dead for at least two years before they are eligible for inclusion in the Presidential Dollar series.
(problems again with CU website when posting)

Mark · February 13, 2015 12:56AM

OPA:

In theory you need to be dead. In practice, not so much. Eunice Shriver more recently and Carter Glass a while ago, spring to mind.

Longacre · February 13, 2015 1:11AM

It could be changed by pen or telephone, but if not, what exactly does the legislation say? Does it say that the program actually ends, or does it just give the parameters of who can get on the coin?

ernie11 · February 13, 2015 1:22AM

<< OPA:

In theory you need to be dead. In practice, not so much. Eunice Shriver more recently and Carter Glass a while ago, spring to mind. >>

And the Sesquicentennial commem of 1926 included then-President Calvin Coolidge, didn't it?

illini420 · February 13, 2015 1:30AM

The legislation has always said coins would be issued for Presidents that have been dead for at least two years before the issuance of the coins, so a Reagan coin has always been good under that rule. The legislation also says that a First Spouse coin is issued for each Presidential Dollar issued, and mentions nothing whether such person is still living, so a Nancy Reagan Spouse coin has always been allowable. Nothing in the law said the dollars had to be issued for all presidents in order or that the program is cut off if someone is still alive. Go back and read the posts about this issue when the program first started... just have to read the law. Surprised that this issue was ever in doubt by some. If Bill Clinton had died a couple of years ago or before, we'd have a coin for him too and a First Spouse coin for Hillary.

MsMorrisine · February 13, 2015 1:39AM

<< It could be changed by pen or telephone, but if not, what exactly does the legislation say? Does it say that the program actually ends, or does it just give the parameters of who can get on the coin? >>

I would like them to be issued in order, but I see the Mint's interpretation of the law. It fits, but I don't like it.

31 usc 5112 (n) (2) (E)
(E) Limitation in series to deceased presidents.— No coin issued under this subsection may bear the image of a living former or current President, or of any deceased former President during the 2-year period following the date of the death of that President.

31 usc 5112 (n) (3) (A)
(3) Issuance of coins commemorating presidents.—
(A) Order of issuance.— The coins issued under this subsection commemorating Presidents of the United States shall be issued in the order of the period of service of each President, beginning with President George Washington.

31 usc 5112 (n) (8)
(8) Termination of program.— The issuance of coins under this subsection shall terminate when each President has been so honored, subject to paragraph (2)(E), and may not be resumed except by an Act of Congress.

31 usc 5112 (o) (1)
(o) First Spouse Bullion Coin Program.—
(1) In general.— During the same period described in subsection (n), the Secretary shall issue bullion coins under this subsection that are emblematic of the spouse of each such President.

31 usc 5112 (o) (5) (c)
(C) Termination of program.— No bullion coin may be issued under this subsection after the termination, in accordance with subsection (n)(8), of the $1 coin program established under subsection (n).

31 usc 5114 (b)
(b) United States currency has the inscription “In God We Trust” in a place the Secretary decides is appropriate. Only the portrait of a deceased individual may appear on United States currency and securities. The name of the individual shall be inscribed below the portrait.

I'd be interested in learning your learned opinion.

31 usc

MsMorrisine · February 13, 2015 1:44AM

<< OPA:

In theory you need to be dead. In practice, not so much. Eunice Shriver more recently and Carter Glass a while ago, spring to mind. >>

Congress can pass laws to break previous laws.

SaorAlba · February 13, 2015 1:53AM

<< Nancy isn't dead yet....... >>

Maybe someone wants her dead. I detect a coinspiracy.

PerryHall · February 13, 2015 1:57AM

<< 

<< OPA:

In theory you need to be dead. In practice, not so much. Eunice Shriver more recently and Carter Glass a while ago, spring to mind. >>

Congress can pass laws to break previous laws. >>

Don't you mean that congress can pass laws to change previous laws?

Overdate · February 13, 2015 2:23AM

"(1) In general.— During the same period described in subsection (n), the Secretary shall issue bullion coins under this subsection that are emblematic of the spouse of each such President. "

Okay, what exactly is a bullion coin? Each First Spouse coin contains 1/2 ounce of gold and its gold content is displayed on the coin. But I thought a bullion coin was one that was issued by the government at a small markup to its gold content, for ultimate purchase by the retail public as a store of value. This is what differentiates a bullion coin from a commemorative. Yet the First Spouse series is being marketed as a set of commemorative coins, complete with ultra-fancy packaging and a hefty premium to the gold price.

Am I missing something here?

TopographicOceans · February 13, 2015 4:03AM

Both Jimmy and Rosalynn are alive as well as the Bushes, Clinton and The Obama.
Ronnie is dead, but Nancy is still alive at 93

I guess the series will go on as long as the land of the free and the home of the brave does, but it seems like production will slow way down until presidents die off faster than new ones get elected.

And since it seems we might be having another Bush or Clinton in 2016 maybe they should just scrap the whole project.

cmerlo1 · February 13, 2015 4:28AM

Hopefully the finished coin will have a portrait that actually looks like Ronald Reagan.

MsMorrisine · February 13, 2015 4:31AM

Bloop

CaptHenway · February 13, 2015 4:35AM

<< Hopefully the finished coin will have a portrait that actually looks like Ronald Reagan. >>

Got an FDR at the bank the other day. Good thing it had his name on it, or I never would have recognized it.

MsMorrisine · February 13, 2015 5:06AM

<< Both Jimmy and Rosalynn are alive as well as the Bushes, Clinton and The Obama.
Ronnie is dead, but Nancy is still alive at 93

I guess the series will go on as long as the land of the free and the home of the brave does, but it seems like production will slow way down until presidents die off faster than new ones get elected.

And since it seems we might be having another Bush or Clinton in 2016 maybe they should just scrap the whole project. >>

there is not question it ends with Ronnie, and it would take an Act of Congress to restart it according to the quoted 31 USC 5112 (n) (8)

BackroadJunkie · February 13, 2015 5:09AM

<< 

<< OPA:

In theory you need to be dead. In practice, not so much. Eunice Shriver more recently and Carter Glass a while ago, spring to mind. >>

Congress can pass laws to break previous laws. >>

You mean like ending the Franklin Half 10 years early for the Kennedy?

ms70 · February 13, 2015 5:44AM

Nancy Reagan expressed their feelings that the president did not desire to be on a coin. But why should anyone in DC care about what anyone thinks.

SaorAlba · February 13, 2015 5:54AM

<< Nancy Reagan expressed their feelings that the president did not desire to be on a coin. But why should anyone in DC care about what anyone thinks. >>

Nancy Reagan truly does idolize her husband - but she has never expected anyone else to.

TwoSides2aCoin · February 13, 2015 6:00AM

Another American Legend or two.

WillieBoyd2 · February 13, 2015 6:39AM

It just isn't in the stars.

edix2001 · February 13, 2015 6:53AM

<< Nancy Reagan expressed their feelings that the president did not desire to be on a coin. But why should anyone in DC care about what anyone thinks. >>

That, IIRC, was concerning the conservative Republican push to put Reagan on the dime and has nothing to do with the presidential coin program.

coinkat · February 13, 2015 7:00AM

The FDR Dollar coin should make the numismatic community appreciate the Roosevelt Dime

renman95 · February 13, 2015 7:10AM

They all seem dead to me. Press on and finish this dead series.

kiyote · February 13, 2015 9:32AM

<< They all seem dead to me. Press on and finish this dead series. >>

Did you see the last sales numbers? Huge returns. UNCs have been on sale over a year and haven't even cracked 2,000 yet.

Overdate · February 13, 2015 9:45AM

<< Did you see the last sales numbers? Huge returns. UNCs have been on sale over a year and haven't even cracked 2,000 yet. >>

I don't think they were all returns, the drop was much bigger than the previous couple of weeks of sales, when they would have been eligible for returns. Also, there were some downward adjustments to a few silver and base metal coins also.

Ronald Reagan dollar/Nancy Reagan First Spouse $10

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