Was the "Ike" dollar created just to have a coin to honor the deceased ?

Simple fact is that in the 1970's you could actually buy something with a dollar not true of Vegas chips in most stores. So people cashed in their chips and actually most of the dollars before going home.

 

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It is illegal to use gaming token for payment (even in the casino itself). They can only be used for gaming purposes.

 

Do you really think that someones going to refuse one as a tip in a casino?????:devil: remember we are talking about 35+ years ago now.

 

Gaming tokens are always given as tips. It is just illegal to use or accept them for the purchase of goods or services (i.e. food, drink, a car, etc.).

Now what is legal and what really occurs could be, and probably was, different. :devil:

 

If you know the man Eisenhower was then you do not need to ask why he was put on a coin......

 

I like Ike (possess several 1976), but would it be that bad to put some modern hotties on coins posing as Lady Liberty?

If the Mint really wants to increase interest and revenues, it would request congress approve the aforementioned coins.

I would prefer half dollars because they are bigger and would really allow such a design to breath and shine.

 

Khrushchev was and is remarkably unpopular in USSR and now Russia. Same with practically every leader, ie Andropov, Chernenko, Beria, even Gorbachev. Now Stalin is another factor, he is popular with a certain segment of the population and they like these "strong" leaders. Gorbachev is popular in the West, but under his administration a large country was dismembered and many many people lost all they knew of life.

 

I love big dollars and half dollars!

 

I forgot to mention that when the IKE Dollar Legislation was introduced, there was discussion of the possibility of a dollar coin replacing the paper dollar.

They forgot to get rid of the paper dollar though.


Just like today.



Would I rather buy rice, vermacelli, and flavoring for a flavored rice or just pick up a box of Rice-A-Roni?

 

At the time Ike died Vegas was still using silver dollars and you could still get them from the bank (but they were getting scarce). they were not issuing their own tokens at that time. So chips yes, but not the tokens that could be used in the slots etc.

After Nixon we get Ford. What happens after Ford is up in the air right now. If Carter dies before mid 2014 then we get Carter and Reagan. If he doesn't die then the series ends and there is no Reagan coin. If we do get the Carter and Reagan coins. Then we come to George H W Bush. In order to get his coin he also has to die by mid 2014. And if he does he will probably be the last in the series because Clinton is still fairly young and is not likely to die before 2015. President has to be dead for two years before his coin is to appear. What I'm interested in is if we do get the Carter and Reagan coins will their wives still be alive and appear on the First Spouse coins while they are still alive? (The Legislation requires the President to have been dead for two years, but makes no mention about the spouses having to be dead.)

 

oops, I forgot Ford !

it kinda seems the mint should resurrect the series and issue a new coin once clinton, bush and so on croak

 

They also minted 1970 peace dollars, to somehow help the minting process:

From wiki: Some Peace dollars using a base metal composition were struck as experimental pieces in 1970 in anticipation of the approval of the Eisenhower dollar; they are all presumed destroyed.[67] This new dollar coin was approved by an act signed by President Richard Nixon on December 31, 1970, with the obverse to depict President Dwight D. Eisenhower, who had died the previous year. Circulating Eisenhower dollars contained no precious metal, though some for collectors were struck in 40%*silver.[68]

 

There are other " more reputable " sources on it too

 

It's true Doug, per mint records found by Roger Burdette while he was researching the 1964 peace dollar.

And the Ike dollar was struck to commemorate the passing of Eisenhower at least in part. it was kind of a perfect storm of several things coming together at the same time. Eisenhower, who was beloved by the nation for his services in WWII, died in 1969. NASA (Which was started under Eisenhower) reached it's pinnacle goal with the landing on the moon in 1969. This landing, before the end of the decade, had been the goal of another beloved President. It became a natural for a coin to commemorate both of them. Add in the fact that the casinos in Vegas were running out of dollar coins and so they were supportive of making the coin a dollar coin. Plus the fact that by resurrecting the dollar they wouldn't have to displace any of the current Presidents just made the choice an easy one. The Mint engraver had been working on the design of obv the coin since spring of 1969 and rev since Oct of 1969 but as mentioned they didn't get around to approving it until Dec 31st 1970.

 

Michael are you trying to say that 90% Silver Morgan Dollars were still available at face value in the Nevada Casino's in 1969?


As for the IKE Dollar, there were many, many reasons the coin got minted. However, I believe that the "legislation" passed to commemorate the man himself. Everything else such as casino replacements for the dollar coin both here AND abroad, attempts to use the dollar coin to defray the production costs of printing dollar bills simply "justified" the legislation into a, hopefully, win/win scenario.

The initial "popularity" of the coin came from US Government announcements that they would once again be producing a silver dollar with the key that everybody focused on being "silver". Once the general public became aware that these coins would NOT have any silver in them, they quickly lost interest despite the US Governments fancy schmancy words such as "cupro-nickel" clading.

No doubt, the coin was a disappointment from the outset.

 

I either did not know this or I forgot that I knew it! Thanks.

 

I wonder if Carter and Reagan type coins exist or will exist?