End of the presidential dollar coin program
Posted: Tue Dec 13, 2011 1:11 pm
Base Metal & Precious Metals Forum
https://realcent.org/
Washington Post Article wrote:Instead of producing 70-80 million coins per deceased president, the Mint will now only produce as many as collectors want.
fb101 wrote:I think it's still illegal to put a living person on our coinage.
uthminsta wrote:fb101 wrote:I think it's still illegal to put a living person on our coinage.
You're right. In fact, I think there's also now a waiting period involved. So Carter, Bush x2, Clinton, Obama... unless they die 2 or 3 years before their coin is scheduled, they will not be included.
2012 Arthur, Cleveland, Harrison, Cleveland again
2013 McKinley, T. Roosevelt, Taft, Wilson
2014 Harding, Coolidge, Hoover, F. Roosevelt
2015 Truman, Eisenhower, Kennedy, Johnson
2016 Nixon, Ford... Carter, Reagan
2017 GHWBush, Clinton, GWBush, Obama
2018... could we possibly have a president after Obama that is dead 2+ years by 2018? I guess anything can happen!
robroy wrote:The same question of how is it possible that Obama can summarily announce that the dollar coins are to be done away with when they are required by an Act of Congress was mentioned on another site. Is this going to be another examply of Obama doing an end around of congress or is someone from his party going to pull is chestnuts out by introducing termination legislation?
Don't forget that there are possibly three coin series that are affected by Obama's edict. Not only the Presidential dollar series, but also the Sacajewa (poor spelling) and the First Spouse series. I would think that he'd like to see Michelle's picture on her own coin. Because the Presidential and First Spouse series are currently being minted on the same annual schedule.
Of the three mentioned series I would like to see the Sacajiewa and First Spouse coins continue. To many coins IMO will lessen the value of coins. Similiar to what happened with the Post Office and its stamps.
NDFarmer wrote:Due to the "limited" supply that they will making for collectors I wonder if we will still be getting at face value?
The Presidential $1 Coin Program is authorized by Public Law 109-145. Although production of circulating Presidential $1 Coins was recently suspended, collectible versions of the coin will continue to be available in select United States Mint offerings. For information on the availability and pricing of products featuring Presidential $1 Coins, visit http://www.usmint.gov/catalog or call 1-800-USA-MINT (872-6468).