If those here (with their syndrome on full display), had gotten their way a couple of years ago, a certain someone else would've been all the rage, fanfare, and celebrated across all of their media feeds endlessly.
And yes, that certain someone else would've no doubt been on a coin this 250th year via the legislation as noted above...
I have never looked at a coin in my life which depicts a former President and thought to myself, what was their political party? I doesn’t matter to me. I respected the image for what they as an individual did for our country. Obviously, no one is perfect. But this guy, no matter what his affiliation is will never be respected. It takes a special someone to get booed at a Tennessee game.
I think by posting this comment, especially on a Friday night, would encourage this very thing to happen. It did exactly that. Some members find it irresistible to post their political opinions, under some misguided notion to think others care about them. Unfortunate, even sad.
Oh yeah, it’s also against forum rules/guidelines - that includes weekends.
@Alpha2814 said:
The gold version was minted under the Treasury's general discretion and could easily be repeated without any specific legislation, just like the High Relief series. US Code 31 § 5112(i)(4)(C):
"The Secretary may continue to mint and issue coins in accordance with the specifications contained in paragraphs (7), (8), (9), and (10) of subsection (a) and paragraph (1)(A) of this subsection at the same time the Secretary in minting and issuing other bullion and proof gold coins under this subsection in accordance with such program procedures and coin specifications, designs, varieties, quantities, denominations, and inscriptions as the Secretary, in the Secretary’s discretion, may prescribe from time to time."
But 31 U.S.C. 5112 (a) says that the Mint can only issue coins in certain enumerated denominations. Each act granting new coin programs gets a new paragraph (e.g. bullion coins get their own paragraph, state quarters, presidential dollars, etc.). A coin that is not authorized in paragraph (a) or by other paragraphs in the act (including the 2009 UHR and Trump $250) are not “coins under this subsection” and are therefore not properly within the Secretary’s discretion under 5112(I).
5112(I) does not grant the Secretary authority to issue any coin of any denomination that he wishes. A $20 coin and $250 coin are legally dubious. And there is no presumption that the Mint can strike whatever it wants. Under Article I, Section VIII of the U.S. Constitution only the Congress has the power to coin or issue money. Absent a clear statutory authority allowing the Secretary to strike coins, he lacks that power.
They could have just as correctly choosen a dumpster fire, but that's no authority for an other dollar coins.
The aide that drafted that language should be fired. The term “emblematic” of the semiquicentennial is not defined, but I still find it to be a very strained reading to say that it authorizes a coin which merely recycles the Eagle from the Kennedy Half struck for 62 years as the reverse and slaps ANY current politician as the obverse. The only thing remotely relevant is the 2026 date and “250”.
@Rc5280 said:
If those here (with their syndrome on full display), had gotten their way a couple of years ago, a certain someone else would've been all the rage, fanfare, and celebrated across all of their media feeds endlessly.
And yes, that certain someone else would've no doubt been on a coin this 250th year via the legislation as noted above...
I think you’re wrong. And I would condemn that design with just as much fervor. It is not about personalities or politics. It is about the Secretary of Treasury ignoring the letter and spirit of the law. That goes for the Secretary in 2009 as well.
The aide that drafted that language should be fired. The term “emblematic” of the semiquicentennial is not defined, but I still find it to be a very strained reading to say that it authorizes a coin which merely recycles the Eagle from the Kennedy Half struck for 62 years as the reverse and slaps ANY current politician as the obverse. The only thing remotely relevant is the 2026 date and “250”.
The Kennedy reverse is essentially the presidential seal, which makes "emblematic of the semiquincentennial" all the more laughable, especially considering the obverse.
@jmlanzaf said:
If there were 10 million UNC chain cents, they wouldn't be worth anything either.
They would certainly be worth more than face value. Anyone with $100,000 to spare could theoretically purchase the entire mintage. If 200,000 rolls were offered to the public at 50 cents each, they would be gone in a flash.
@TwoSides2aCoin said:
The base metal is currently valued at eleven cents. The way copper is going , it could double in the next five years and be worth almost a quarter. A quarter of its’ denomination.
Today's circulating dimes, quarters and halves are already worth 1/3 of their face value. The metal in cents and nickels already exceeds their face value.
@TwoSides2aCoin said:
The base metal is currently valued at eleven cents. The way copper is going , it could double in the next five years and be worth almost a quarter. A quarter of its’ denomination.
Today's circulating dimes, quarters and halves are already worth 1/3 of their face value. The metal in cents and nickels already exceeds their face value.
Face value will be fine. Rump value, on the other hand….not so much.
In the end [rump], at 6-7% real inflation the dollar becomes the cent in not an extraordinarily long time.
@jmlanzaf said:
If there were 10 million UNC chain cents, they wouldn't be worth anything either.
They would certainly be worth more than face value. Anyone with $100,000 to spare could theoretically purchase the entire mintage. If 200,000 rolls were offered to the public at 50 cents each, they would be gone in a flash.
Don't be so literal
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
I think that most future presidents would follow George Washington’s example which means this will be a rare occurrence
They already do a bronze medal for presidents, I think they absolutely should add the gold one now
It’s fine if they wanna wait till the president has died to do a one dollar coin.
If those here (with their syndrome on full display), had gotten their way a couple of years ago, a certain someone else would've been all the rage, fanfare, and celebrated across all of their media feeds endlessly.
And yes, that certain someone else would've no doubt been on a coin this 250th year via the legislation as noted above...
I have never looked at a coin in my life which depicts a former President and thought to myself, what was their political party? I doesn’t matter to me. I respected the image for what they as an individual did for our country. Obviously, no one is perfect. But this guy, no matter what his affiliation is will never be respected. It takes a special someone to get booed at a Tennessee game.
I think by posting this comment, especially on a Friday night, would encourage this very thing to happen. It did exactly that. Some members find it irresistible to post their political opinions, under some misguided notion to think others care about them. Unfortunate, even sad.
Oh yeah, it’s also against forum rules/guidelines - that includes weekends.
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But 31 U.S.C. 5112 (a) says that the Mint can only issue coins in certain enumerated denominations. Each act granting new coin programs gets a new paragraph (e.g. bullion coins get their own paragraph, state quarters, presidential dollars, etc.). A coin that is not authorized in paragraph (a) or by other paragraphs in the act (including the 2009 UHR and Trump $250) are not “coins under this subsection” and are therefore not properly within the Secretary’s discretion under 5112(I).
5112(I) does not grant the Secretary authority to issue any coin of any denomination that he wishes. A $20 coin and $250 coin are legally dubious. And there is no presumption that the Mint can strike whatever it wants. Under Article I, Section VIII of the U.S. Constitution only the Congress has the power to coin or issue money. Absent a clear statutory authority allowing the Secretary to strike coins, he lacks that power.
The aide that drafted that language should be fired. The term “emblematic” of the semiquicentennial is not defined, but I still find it to be a very strained reading to say that it authorizes a coin which merely recycles the Eagle from the Kennedy Half struck for 62 years as the reverse and slaps ANY current politician as the obverse. The only thing remotely relevant is the 2026 date and “250”.
Of course the Mint has done lots of sketchy things since its inception. Some one should write a book about the U.S. Mint’s scandals and misadventures.
I think you’re wrong. And I would condemn that design with just as much fervor. It is not about personalities or politics. It is about the Secretary of Treasury ignoring the letter and spirit of the law. That goes for the Secretary in 2009 as well.
1976 bros: "Hey, do you think these quarters or half dollars will be worth something??? I'm going to save them all!"
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me. . . . . . .
. > @cameonut2011 said:
The Kennedy reverse is essentially the presidential seal, which makes "emblematic of the semiquincentennial" all the more laughable, especially considering the obverse.
No> @coinkat said:
Agreed, & maybe Doris Day.
They would certainly be worth more than face value. Anyone with $100,000 to spare could theoretically purchase the entire mintage. If 200,000 rolls were offered to the public at 50 cents each, they would be gone in a flash.
Today's circulating dimes, quarters and halves are already worth 1/3 of their face value. The metal in cents and nickels already exceeds their face value.
Face value will be fine. Rump value, on the other hand….not so much.
In the end [rump], at 6-7% real inflation the dollar becomes the cent in not an extraordinarily long time.
Don't be so literal
All comments reflect the opinion of the author, even when irrefutably accurate.
the ban button still works y'all!
Isa (she/her)
PCGS Marketing
How about you’uns testing the “closed” button?
that one sadly does not work
Isa (she/her)
PCGS Marketing