American Innovation $1 Coin Act, H.R. 6025 (Now, HR 770. Became law 7/20)

BackroadJunkie · September 19, 2016 9:08AM

Unless this thing has a provision to kill the $1 FRN, then just say no. Maybe even then, just say no...

>H. R. 6025

>To require the Secretary of the Treasury to mint coins in recognition of American innovation and significant innovation and pioneering efforts of individuals or groups from each of the 50 States, the District of Columbia, and the United States territories, to promote the importance of innovation in the United States, the District of Columbia, and the United States territories, and for other purposes.

sigh. "Innobucks", You heard it here first.

Link to legislation: American Innovation $1 Coin Act
Link to Coinnews.net article
Link to Mintnewsblog.com article

Jan 18, 2018 update (1): Bill (Now H.R. 770), set to pass house.
Link to House Bill 770: H.R.770 - American Innovation $1 Coin Act

Jan 18, 2018 update (2): Bill passes in House

June 21, 2018 update: Bill passes Senate

July 20, 2018 update: Bill becomes law

AUandAG · September 19, 2016 10:17AM

What are they going to do for us Nevadans? A maffia coin or a mining theme? Maybe

the 6 week divorce coin that was so popular for so many decades???

AAAAAAAHHHH crap, a ONE EYED HARRY REID COIN???? noooooooooooooooooooo

I know, I GOT IT, a brothel themed coin that would be good for 1 drink or 1 screw?

bob

mannie gray · September 19, 2016 10:18AM

Originally posted by: AUandAG

What are they going to do for us Nevadans? A maffia coin or a mining theme? Maybe

the 6 week divorce coin that was so popular for so many decades???

AAAAAAAHHHH crap, a ONE EYED HARRY REID COIN???? noooooooooooooooooooo

I know, I GOT IT, a brothel themed coin that would be good for 1 drink or 1 screw?

bob

How about a drink AND a screw?

dadams · September 19, 2016 10:29AM

Not made for circulation - "Numismatic coins" ?

Edited to add a question mark. Would these circulate as well?

brg5658 · September 19, 2016 10:36AM

I think the "50 different coins - one for each state" themed numismatic items have run their course. I wish they would let that idea die in committee...

Barndog · September 19, 2016 10:38AM

government is great, isn't it?

kiyote · September 19, 2016 10:54AM

Noooo! I was hoping they were going to do a vice Presidental series to complement the presidential series.

This is so lame.

golden · September 19, 2016 12:58PM

Originally posted by: Barndog
government is great, isn't it?

Kudbegud · September 19, 2016 2:32PM

Originally posted by: brg5658

I think the "50 different coins - one for each state" themed numismatic items have run their course. I wish they would let that idea die in committee...

I second that thought.

I might, might, go along with a $1 coin celebrating American Innovation but with out regard or mention of a state or territory. The design would change yearly or up to four designs per year.

AND if the paper dollar were retired to be replaced by the coin.

AND the coin was a ringed bi-metallic composition like many countries use for their $1 equivalent denomination.

CaptHenway · September 19, 2016 2:58PM

GACK!!!!

TopographicOceans · September 19, 2016 3:17PM

Sounds innovative

RB1026 · September 19, 2016 3:21PM

TommyType · September 19, 2016 3:42PM

Consider yourself lucky....They could have gone with "State Flowers"...."State Birds"....or "State Seals".

Face it....they've become addicted to the inflow of cash from all of these things.....

dcarr · September 19, 2016 7:50PM

This is what they should have done instead of the Presidents dollar series.

ricko · September 19, 2016 8:41PM

The products from the mint are beginning to resemble the magazine rack at supermarket check out lanes....trash theme of the month.... Cheers, RickO

lordmarcovan · September 19, 2016 8:43PM

American innovations?

You mean, like...

ambro51 · September 19, 2016 10:29PM

It's too much. They're still going to be stamping out those Native American coins at the same time. For 17 years. Best move I think would be to strike 200 coins, then secretly release them in "their" state. Now, THAT would awaken collectors!!!

TwoSides2aCoin · September 19, 2016 11:55PM

How about an economy where people use coins ? They're less costly than credit, except for the premium we must pay to collect them. What a design. What engineering. What brilliance.

cheezhed · September 20, 2016 1:21AM

Is this the only thing our two opposing parties can come to agreement on?

ambro51 · September 20, 2016 1:37AM

Exactly WHAT was innovated on the Northern Marianas Islands? Opening shellfish with a flattened 30.06 case?

BackroadJunkie · January 18, 2018 12:45AM

Oh God, no, no, no, no, no....

From Coinworld:
American Innovation $1 Coin Act on step closer to reality

The American Innovation $1 Coin Act is one step closer to reality after the House suspended its rules Jan. 17 and approved by voice vote an amended version of H.R. 770.

and

As amended, and if signed into law, the legislation would allow the U.S. Mint to produce an initial, extra 57th coin in the program in 2018, in advance of the 56-coin program.

:'(

shorecoll · January 18, 2018 4:43AM

They could have a space themed series, then they could have INNY-bucks and OUTY-bucks.

ricko · January 18, 2018 8:05AM

Although I am not at all excited about another 'fifty coin' state series, I do see a value...YN's do have a lot of fun collecting these coins and it does inspire an interest in numismatics. We have seen that in posts here on the forum already. So, while I will not be collecting them, I do see that value...Cheers, RickO

BackroadJunkie · January 18, 2018 9:01AM

@ricko said:
Although I am not at all excited about another 'fifty coin' state series, I do see a value...YN's do have a lot of fun collecting these coins and it does inspire an interest in numismatics. We have seen that in posts here on the forum already. So, while I will not be collecting them, I do see that value...Cheers, RickO

When was the last time you saw a dollar coin in circulation that a YN could collect?

ricko · January 18, 2018 9:03AM

@BackroadJunkie .... At the Post Office two days ago.....I rarely see them anywhere else, though I have seen a couple in the cash register at the supermarket - though not recently. Cheers, RickO

CaptHenway · January 18, 2018 9:32AM

Re-GACK!

Zoins · January 18, 2018 9:39AM

Hopefully this means state contests will happen again!

The Secretary of the Treasury would select the innovation, innovator or pioneer, or group of innovators or pioneers to be honored after consultation with the Governor or other chief executive of the state, the District of Columbia, or territory. The Secretary would also choose the eventual designs after consulting with the heads of the sites, the Commission of Fine Arts and the Citizens Coinage Advisory Committee.

dpoole · January 18, 2018 10:41AM

Youch! Not to say GACK.

JBK · January 18, 2018 11:52AM

What fresh hell is this?! Who sponsored this abomination? This is just what none of us need...

BackroadJunkie · January 18, 2018 12:27PM

Update: It passed the house...

H.R.770 - American Innovation $1 Coin Act

01/16/2018 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

ms70 · January 18, 2018 12:48PM

More crap.

DBSTrader2 · March 12, 2018 8:17AM

VOTE THEM ALL OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

itsnotjustme · March 18, 2018 9:41AM

Maybe it should be a bitcoin design, vice physical?

Or a coin honoring the "innovation" of bitcoin. (Personally I think Bitcoin is a sham and a scam.)

BackroadJunkie · June 24, 2018 3:20AM

Aw crap. It passed the senate, with modifications, widely expected to be accepted by the House. POTUS is expected to sign.

H.R.770 - American Innovation $1 Coin Act

If they're going to keep doing crap like this, then eliminate the $1 FRN...

JBK · June 24, 2018 4:14AM

And then after these it will be a state dollar series...

Onastone · June 24, 2018 4:45AM

So I'm guessing here that these will be similar to the President Dollars. Golden color. Set starts in circulation. Same size as the President Dollars. Not replacing the dollar bill but still worth a buck. Available in circulation and proof finishes. Edge lettering/dates.

Why not make some changes and become "innovative"? How about a new color? White? Sized like a Morgan. Worth $5.00 and EU & Proof finishes only. Or perhaps add a tiny amount of gold and increase their value. Or make one version of the coin with two different finishes -a different finish on each side. What kind of innovation should these coins present???

BStrauss3 · June 24, 2018 11:29AM

Yes and no.

Yes the composition will be the same as the current golden dollar. Manganese brass.

No there isn't any requirement that it start in circulation. Just says the Secretary (of the Treasury) shall determine how many to mint.

So judging by the presidential dollars at the end somewhere between 4 and 7 million. And probably cost the same $33 for 25 face that the Native American dollars are running. Nothing like a 32% surcharge to make you unwilling to spend them...

coinkat · June 24, 2018 3:15PM

After reading this thread, I think I'm entitled to a Mickey's Big Mouth... another fine American innovation

kiyote · June 24, 2018 3:48PM

As an Ohioan, North Carolina better not try to swipe powered flight.

CaptHenway · June 24, 2018 3:58PM

Gack squared!

JBK · June 24, 2018 6:15PM

!!!

BackroadJunkie · June 24, 2018 11:54PM

@Onastone said:
Why not make some changes and become "innovative"? How about a new color? White? Sized like a Morgan. Worth $5.00 and EU & Proof finishes only. Or perhaps add a tiny amount of gold and increase their value. Or make one version of the coin with two different finishes -a different finish on each side. What kind of innovation should these coins present???

The composition, size and color of the brassbuck is already defined by law. Any deviation (even in design, which will be provided by this legislation) has to be an act of congress.

The mint (or congress) cannot arbitrarily change the size or composition of any legal tender coin. Each coin has to adhere to a certain magnetic signature and size. Think vending machines.

The only exception to this are the gold commems the mint issues from time to time (like the American Liberty), and even that exception is defined in the coinage laws.

19Lyds · June 25, 2018 11:53AM

What an incredibly stupid idea this bill is. Are these people NOT aware that there is no place for a dollar coin in today's commercial marketplace?

Ditto the comments on eliminating the One Dollar Federal Reserve Note as that's the ONLY way a dollar coin will survive.

BackroadJunkie · July 26, 2018 12:34AM

POTUS signed July 20.

Welcome to another 56 coin series. This time in brassbucks.

H.R.770 - American Innovation $1 Coin Act

Sponsor: Rep. Himes, James A. [D-CT-4] (Introduced 01/31/2017)
Committees: House - Financial Services | Senate - Banking, Housing, and Urban Affairs
Latest Action: 07/20/2018 Became Public Law No: 115-197.

jmski52 · July 26, 2018 4:18AM

Making magnesium brass intrinsically valuable again! Think of it - how long will it be until "innovation" morphs into more and more politically correct social engineering? Five $ will get you $10 that it happens with this series. Any takers?

pocketpiececommems · July 26, 2018 4:55AM

And each innovation will have to be PC because we would not want to offend anyone. BTW the State coin would be a good one. Just a state outline and nothing more. That would be to simple :'(

TwoSides2aCoin · July 26, 2018 5:58AM

This must be why Warren Buffett decided to give his money away. It ain't worth it.

mustangmanbob · July 26, 2018 6:24AM

What happened to the Secretary of Agriculture grandchildren series?

CaptHenway · July 26, 2018 6:26AM

Just remember, do not blame the Mint for this steaming pile of sludgeislation! Blame CONgress!

WillieBoyd2 · July 26, 2018 7:24AM

Is there going to be a coin for plastic straws?

DBSTrader2 · July 28, 2018 5:42AM

THIS they have time to work on?! Nothing that actually improves the lives of their constituents?! No health bills? No preservation of Social Security & Medicare benefits beyond 2035 or so? No anti-election-tampering? NOTHING?! I, for one, think they've DEFINITELY earned their salary, healthcare benefits, per-diems, and re-election with THIS one....... Now go out and have a nice 5-week vacation. And don't worry.... all our problems (and then some) will still be here when you get back!! (Idiots....)

American Innovation $1 Coin Act, H.R. 6025 (Now, HR 770. Became law 7/20)

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