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

Discussion in 'US Coins Forum' started by Doug21, Oct 23, 2012.

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  1. 19Lyds

    19Lyds Member of the United States of Confusion

    Why would Carter have to die? Can't the series "skip" a living President?
     
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  3. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    He'd have to die. How do you strike coins without a die?
     
  4. Troodon

    Troodon Coin Collector

    This is an ambiguity in the legislation authorizing the president dollars that gets argued a lot and while there are conflicting opinions the only verifiable answer right now is, depends on what the Mint director's interpretation is when the time comes. Ronald Reagan died in 2004 and in 2016 he will have been dead for 12 years, so he definitely satisfies the "must have been dead for at least two years" requirement. Carter will not qualify in 2016 unless he dies by about mid-2014. These last tow sentences are not factually debatable; where the ambiguity lies is if Carter doesn't qualify, whether or not he can be skipped and Reagan can be issued, ending the series, or if Carter not qualifying means the series ends with Ford. I've heard arguments either way (the actual legislation is not entirely clear on this point; it merely says that the presidents have to have been dead for at least 2 years, and they have to be honored in order, but is silent on whether or not they must all be consecutive, or it's ok to skip non-qualifying presidents to honor qualifying ones) but the Mint does not seem to have taken an official position as of yet and likely won't until they have to start designing and.or minting the 2016 presidential dollars. (If Carter dies between now and 2014 it would be a moot point anyway).

    Carter (and George H.W. Bush) are in stable health last I checked but both are 88 years old and would be 90 in 2014 if they live that long. All we know so far is:

    up to Ford: definitely.
    up to Carter: only if Carter dies by 2014.
    up to Reagan: maybe, if Carter dies by 2014 or if they decide it's ok to skip Carter.
    up to George H.W. Bush: maybe, if Carter and Bush die by mid 2014 or figure out whether or not it's ok to skip people that don't qualify.
    Clinton, George W. Bush, Obama, any future president after Obama: most likely not.
     
  5. Doug21

    Doug21 Coin Hoarder

    Why should they have to be dead 2 years ? dead is dead

    Look at JFK, FDR and IKE.....they weren't dead two years before getting their coins....maybe Ike was ?
     
  6. willieboyd2

    willieboyd2 First Class Poster

    1,000 years from now archaeologists will find one of these coins and will identify the first man on the moon.

    :)
     
  7. Conder101

    Conder101 Numismatist

    The legislation is unclear but it does require the Presidents to be honored in the order in which they served. If you skip over one you are honoring them out of order or at least that seems to be the Mints take on it. In their published list of the Presidents and when their coin would come out the list ends with Ford. Before he died it ended with Nixon. Reagan has never appeared on the list even though he had been dead for years.

    Why do they have to have been dead for two years? Because that was what they wrote into the legislation. JFK , FDR, and Ike did not have to wait for two years to be honored on their coins because there was no legislative requirement for it. With the President dollar coins they put it in to make sure there was no chance of a living president being shown on a coin. No such restriction was placed on the First Spouses though. So right now if Carter dies before 2014 we have the possibility of a living Roselyn Carter and Nancy Reagan appearing on a First Spouse coin.
     
  8. cladking

    cladking Coin Collector

    It's illegal to make your own coins. The law was enforced but the casinoes have become quite politically powerful so now everyone gets their cut and the law is ignored, but only for casinoes. If anyone else started making their own coins they'd get crushed in hours.
     
  9. cladking

    cladking Coin Collector

    I disagree. People have not been given a chance to reject the small size dollar because the banks refuse to pass them out. This was the same problem with the Ike though people probably would have avoided this coin because of its unwieldy size and utter lack of utility. The reason the silver dollar circulated out west is probably related to the fact that to some degree the economy depended on silver production. There was almost no silver production east of the Mississippi.

    I've been using a few of the new dollars and they either pass unnoticed or the recipient is pleased to see them. But so long as the banks won't order them or issue them then don't expect them in circulation. The mint makes the coins and the banks issue them. People use them. We can't use what banks don't issue.
     
  10. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    That is a falsehood. Casinos do not make their own "coins" so to speak. The gaming checks (more commonly known as chips) are not legal tender and for use in gaming only.
     
  11. Conder101

    Conder101 Numismatist

    Banks didn't issue them (or the SBA, The President dollars, the NA dollars etc), because as a general rule, people do not ask for them. I've seen a lot of people say it was because the banks refused to issue them, but I have never seen an actual case of the banks actually having them on hand, the customer asking for them and then the bank refusing to give them to them. I have seen people refuse to take them if offered, but I have never seen a bank refuse to give them out.

    But the bank only orders and keeps on hand what the customers have been asking for. If you are not getting a lot of requests for dollar coins you aren't going to order them. And if you don't order them then you don't have any on hand when someone does ask. People ask for dollars, not dollar coins. We have used dollar bills in this country for over one hundred years and if someone asks for a dollar or some dollars the natural tendency is to reach for what is familiar, the dollar note. Until the dollar note is withdrawn, the dollar coin does not stand a chance.
     
  12. 19Lyds

    19Lyds Member of the United States of Confusion

    I caught a little bit of a "Who Wants to be a Millionaire" rerun the other day. The contestant was a high school history teacher who hoped that the questions he got on the game were as easy as the questions his students asked.

    When asked what some of the questions were, he related one which kinda shocked me.

    "Were all of the original 13 colonies on the East Coast?"

    I only mention this because history and historical fact, as we know it, will more than likely change over the years regardless of how or where its recorded.

    Some people will never know.
    Some people will "think" the know.
    Some people will "know" they know.
    And some people just won't care to know.
     
  13. dmott88

    dmott88 Coin Slinger

    Nothing like America supporting Fascism and a Greek God! Gotta love it!
     
  14. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    The Mercury design is a version of Lady Liberty (and one of the cool ones I think).
     
  15. NorthKorea

    NorthKorea Dealer Member is a made up title...

    I would prefer Carter to have either a large commemorative coin or a bill.

    He achieved so much more than being a peanut farmer:

    Won the Nobel Prize for Peace... through his work AFTER being President.
    He started the green energy movement in America during the 70s gas crunch.
    He pushed for the development of the neutron bomb.
    He may not have been the best President, but he was (and is) a great humanitarian and supporter of science.
     
  16. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    Yeah, he let our people sit in the embassy for over 400 days.

    Nice guy, but no dice on a coin or bill.
     
  17. Troodon

    Troodon Coin Collector

    The law is specific to the presidential dollars; there is no law in general that states a president must be dead before being placed on a coin, but generally living presidents are not (only exception to date is when Calvin Coolidge was honored on the 150th anniversary commem. in 1926. Only other people honored while alive was T. E. Kirby in 1924 on the Alabama commem, and Eunice Shriver on the Special Olympics commem in 1995.)

    And yes, Eisenhower died in 1969, two years before being commemorated on the Ike dollar, first issued in 1971. (The two years isn't necessary though, both JFK and FDR were honored only a few months after they died. Again this two year thing is specific to the legislation authorizing the presidential dollar series that's been running since 2007.)
     
  18. Troodon

    Troodon Coin Collector

    Er, the term fascism wasn't even coined (no pun intended) yet when Winged Liberty dimes were first minted in 1916. Yes, it does depict a double-headed axe similar to a fasces, a traditional Roman symbol, which is what Mussolini based the word "fascism" off of many years later. But it can't possibly be in support of a political philosophy that didn't even exist when the coin was first designed.

    And while this series is commonly called "Mercury dimes," the coin is a depiction of Liberty, not Mercury, that just happens to be wearing a winged cap similar to what Mercury is depicted wearing. It isn't Mercury (for one thing, Mercury was a male Greek god, and the figure on the dime is clearly female.)

    Fun fact: there wasn't a depiction of an actual historical woman (rather than idealized abstract depiction of Liberty) on a US coin until 1979, when Susan B. Anthony was placed on the dollar coin.
     
  19. Troodon

    Troodon Coin Collector

    Er, all 13 of the original colonies ARE on the East Coast, technically. (Some don't have much in the way of beaches, but all 13 original colonies have some portion of the state bordering the Atlantic Ocean. I looked on a map and checked.)

    Yeah, the show has some easy questions in the earlier rounds (which some people still need life lines for, and sometimes people even get the very first question wrong) but they do get harder the later the game goes.
     
  20. NorthKorea

    NorthKorea Dealer Member is a made up title...

    I don't think you can fairly say he "let" them sit there. They did attempt a rescue mission (Operation Eagle Claw), which was an utter failure and aborted before any interaction with the Iranians. Also, for a good portion of the 444 days, the hostages were prisoners (placed in cells), so further rescue efforts may just have led to additional deaths.

    If you're going to blame anyone for Tehran, blame Ike for his bullish approach to installing the Shah back into power in the 1953 coup.
     
  21. NorthKorea

    NorthKorea Dealer Member is a made up title...

    I cannot concur with the above statements, as I'm fairly certain that Pennsylvania does not touch the Atlantic.
     
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