National dealer

H.R. 3916, the Presidential $1 Coin Act, is still in the House Committees. The proposal is seeking legislation to be inacted by Jan 2006.

Mr. Castle, Delaware Representative has garnered enough support for this legislation. If anyone wants their views heard regarding this matter, it must be done immediately.

Contact your states representative concerning H.R. 3916

cholmes75

Man, I can't wait to be the first on my block with a Millard Fillmore $1 coin!!

Ed Zak

Over $500 million are spent each year making paper dollars. Their average life cycle is only aroud 16 to 18 months (max). Obviously, coins last way longer and I am sure they would save us tax payers some serious money.

Too bad the public is hung up on paper dollars. Matter of fact, my luck lately in the Express line at the grocery store seems to put me behind some moran that wants to write a check or use his debit card for a candy bar.

If I had a dollar coin, I would throw it at him/her!

I say this because more and more people seem to write checks, use their debit/credit for EVERYTHING!...no matter how painstaking it is for us that still use cash for items costing less than $1.09.

If the public can adapt to paying everything with credit/debit cards...as well as paying at the gas pump without even talking to a person, then they should be able to adjust to life without paper dollars.

The design postings were great! Bring back Lady Liberty or some form of her. That way we can keep politics at bay and hopefully the coin will between the avergae size of a Kennedy and currrent quarter with a nice SAC gold color.

rbm86

How did Mr. Castle respond when you presented your case (against) to him? Where does he see public clamoring for the Presidential dollars? And has he considered making this conditional on phasing out the paper dollar so it is not doomed to fail???

guy

have any pictures been relesed for the 1 dollar coin?

cdcda

Coin world had a "rendering" a few issues ago, it was so beautiful I almost cried ;-)

guy

dont worry about last post found a picture

National dealer

Mr. Castle has thanked me for my efforts, but that is about it. He hopes that the passage of this bill will help to revitalize US coinage and encourage Americans to replace the paper dollars. Of course, no bill is currently before congress to eliminate the dollar bill. He believes that H.R. 3916 would encourage people to collect the coins, thus taking them out of circulation. Does anyone else notice the contradiction in his statements? How can they circulate if people collect them?
He agrees that popular public sentiment suggests that most Americans are more comfortable using the paper dollar. He also recognizes my comcern with the perceived designs and marketing flaws of the dollar coin. He believes that this bill will act as an important catalyst in bringing much needed attention to the benefits of dollar coins.

The bill in its current form would create a new dollar coin (same size and color) bearing the images of presidents starting with George Washington in January 2006. It also provides a provision instructing the US Mint to produce commemorative $10 "bullion" coins which would run concurrently with the Presidential dollars. The policy of not having a living president would still apply.

Who believes that one?

satootoko

Me. me, , me!

rbm86

Ugh!!! Typical politician. Gee, sounds like he is talking out of both sides of his mouth!!! What a shock!!! The American public is more "comfortable" with the dollar bill -- weasel words for "lazy".

Gee, when most states passed seat belt laws, the public was not "comfortable" with using them. You know what? they got used to them, now everybody wears them!!! We can get used to a $1 coin too!!! But I am preaching to the chior . . . . .

pog

i dont remember being asked if i wanted to where my seatbelt or not. but i didnt write my representative either.

if this bill does get approved how is it a bad marketing move? also i thought i read somewhere that the government or the mint i cant remember which, makes a profit when we take coins out of circ. i think it (the article) was about the state quarter program. any truth to this? if so i guess i could see why they would push for change in our change. i dont particularly agree but......

hey nd. i commend you trying to fight this. it is good to know that people like you are looking out for what you beleive in and think is best for the hobby as a whole.. thanx

__________________
If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest . Benjamim Franklin

rbm86

That's the point. The public was not asked -- state lawmakers, citing statistics from the auto insurance industry and other sources, deemed it was in the public's best interest to "force" seatbelts on drivers. Now everybody I know just buckles up without thinking about it -- not big deal, lives are saved, insurance rates are lower -- all in the public good.

Now, if we "force" the dollar coin on the public (like Canada and Britain), everybody will get used to it, it will ultimately be more convenient, and the gov't will save money -- all in the public good.

National dealer

I agree that the gov. would make an estimated 500 million extra dollars if we eliminate the dollar bill. I also have no doubt that the gov. would find a way to waste that 500 million dollars.
Our leaders constantly make new laws without getting the actual views of Americans. They use polls. Their staff calls 500 to 1000 people, and ask would you use a dollar coin. This is the same tactic used for the Ike, Susan, Sac, and now one more failed dollar.
If you don't make your voice heard, you can't complain about it later....

National dealer

Here is the official bill introduced. Please read carefully. They are once again looking at a multi-million dollar advertising campaign. We all know how well that worked with the Sac dollar.


3/9/2004--Introduced. Presidential $1 Coin Act - Amends Federal monetary law to set forth requirements for the redesign and issuance of circulating $1 coins emblematic of each of the Presidents of the United States. Prohibits the inclusion of a President who has not completed such President's term of service. Instructs the Secretary of the Treasury to issue bullion coins that are emblematic of the spouse of each such President during the same period in which the $1 coins are issued. Expresses the sense of Congress that: (1) the American tradition of not issuing a coin with the image of a living person has served the country well and deserves to be continued as a general practice; (2) the full circulation potential and cost-savings benefit projections for the presidential $1 coin program are not likely to be achieved unless barriers to the circulation of such coins are removed; and (3) the presidential $1 coin program should not be introduced with an expensive taxpayer-funded public relations campaign, including the use of the taxpayer-funded United States Mint Public Enterprise Fund. Expresses the further sense of Congress that the Director of the U.S. Mint should: (1) work with consumer groups, media outlets, and schools to ensure an adequate amount of news coverage about the start of the coin program so consumers will know of the availability of the coins; and (2) work closely with merchants who will use the coins, vending machine and other coin acceptor manufacturers, vending machine operators, transit officials, and municipal parking officials, as well as with the Board of Governors of the Federal Reserve System and the various banking and business associations, to ensure that the infrastructure for the acceptance of such coins will be in place.

National dealer

Here are the sponsers:

Sponsor/Co-sponsor(s) 11
May. 04, 2004 Rep. Nancy Pelosi (D-CA)
--- Rep. Michael Castle (R-DE)
May. 04, 2004 Rep. Jerry Costello (D-IL)
Mar. 24, 2004 Rep. Doug Bereuter (R-NE)
May. 04, 2004 Rep. Amory Houghton (R-NY)
Mar. 24, 2004 Rep. Joseph Pitts (R-PA)
Mar. 30, 2004 Rep. Philip English (R-PA)
Mar. 29, 2004 Rep. Paul Gillmor (R-OH)
Mar. 09, 2004 Rep. Carolyn Maloney (D-NY)
Mar. 24, 2004 Rep. John Shimkus (R-IL)
Apr. 22, 2004 Rep. Jim Leach (R-IA)


Current status:

Mar. 09, 2004 Referred to the House Committee on Financial Services.
Mar. 29, 2004 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Apr. 28, 2004 Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Apr. 28, 2004 Subcommittee Consideration and Mark-up Session Held.