Presidential Dollar Cases & Albums | SAFE Collecting Supplies | https://trangwiki.com

History of the Presidential Dollar ( continued )
The George Washington $ 1 mint was beginning available to the public on February 15, 2007, in honor of Presidents ’ Day, which was observed on February 19. This marked the first gear meter since the St. Gaudens Double Eagle ( 1907–33 ) that the United States has issued a coin with edge lettering for circulation. Edge-lettered coins date back to the 1790s .
The act had been introduced because of the failure of the Sacagawea Dollar coin to gain widespread circulation in the United States. The dissemble sympathized with the indigence of the nation ’ south secret sector for a $ 1 mint, and expected that the solicitation of changing the invention would increase the populace requirement for new coins ( as the public by and large responded well to the State Quarter program ). The program is besides intended to help educate the public about the nation ’ sulfur presidents and their history. Unlike the State Quarter course of study, which suspended the issue of the stream design during those programs, the act directed the Mint to continue to issue Sacagawea dollar coins during the presidential series. The law states that at least one in three write out dollars must be a Sacagawea dollar. furthermore, the Sacagawea blueprint is required to continue after the presidential Coin program ends .
The act specifies that for a president to be honored, the former president of the united states must have been deceased for at least two years before issue. It will take about ten years to honor all presently eligible presidents. The series is consequently scheduled to end in 2016 after honoring Ronald Reagan, unless Jimmy Carter, or one of Reagan ’ s early still-living successors, dies by 2014. Once the plan has terminated, producing coins for those presidents not so far honored would require another Act of Congress.

however, Federal Reserve officials indicated to Congress that “ if the Presidential $ 1 Coin Program does not stimulate hearty transactional need for dollar coins, the prerequisite that the Mint however produce Sacagawea dollars would result in costs to the taxpayer without any offsetting benefits. ” In that consequence, the Federal Reserve indicated that it would “ strongly recommend that Congress reassess the one-third prerequisite. The one-third necessity was late changed to one-fifth by the native american english $ 1 Coin Act, passed on September 20, 2007, and Sacagawea dollars were entirely 0.8 % of the sum dollar coins produced through November 2007 .
previous versions of the act called for removing from circulation dollar coins issued before the Sacagawea dollar, most notably the Susan B. Anthony dollar, but the version of the act which became police merely directs the Secretary of the Treasury to study the matter and report card back to Congress. The work does require federal government agencies ( including the United States Postal Service ), businesses operating on federal property, and federally fund transit systems to accept and dispense dollar coins by January 2008, and to post signs indicating that they do so .
The United States is besides honoring the spouses of each of the Presidents by issuing half-ounce $ 10 gold coins featuring their images, in the order that they served as First Spouse, beginning in 2007. To date, all first spouses have been women ( much called First Ladies ), but the police uses the condition “ First Spouse ” .
Current Presidential Dollar Values ( courtesy of about.com )

This table will give you an estimate the value of your presidential dollar coins. The table provides average coin values and prices based upon the condition of the coin. If the coin shows evidence of break on it ascribable to being used in commerce, it considered “ circulated. ” If it was never used, then it is classified as “ uncirculated. ”
Current News on Presidential Dollars ( courtesy of coinweek.com )
First Spouse Coins Coming Soon but Long Term Series Unclear
credibly no modern U.S. coin series divides collectors arsenic much as the gold First Spouse coins issued by the U.S. Mint since 2007… read more »

2014 First Spouse Coin Designs Revealed
The Mint has besides recently revealed the 2014 First Spouse amber coin designs that were approved by the Secretary of the Treasury…. read more »

Related Posts

Trả lời

Email của bạn sẽ không được hiển thị công khai.