A fellow collector friend of mine recently informed me of an article he saw (I think in Coin World) about the US Goverment planning on (or thinking about) recalling all of the SBA's in circulation. Has anybody read this article or know anything about this "recall"? Supposedly exchanging them for face value. Anybody?
Why would they do that? They have been talking about getting rid of dollar bills and replacing them with dollar coins ever since the SBA dollar. Unless maybe they want to replace Susie with someone else?
I love Suzy's but why would this happen? Bad hair day? Fashion police? Goobers rethinking hairstyles on coins?
That was S. 1105, the Currency Optimization, Innovation and National Savings Act, from 2013. It went nowhere. It was introduced by Tom Harkin, who has a planchet manufacturer in his state. https://www.govtrack.us/congress/bills/113/s1105/text
I read an article that mentioned this recall. But I don't think it was a serious proposal in Congress. Maybe just some politician or bigshot spouting off instead of doing actual work.
from what I understand, the SBA has pasted its lifespan, and as the cycle thru the federal reserve, they will be pulled and scraped or melted down. but no "recall" of them or devaluation of them....
I think the Suzies get a bad rap, though I do agree that they could have done a far better job of distinguishing them from quarters. Whoops. I picked up a proof SBA this last weekend (I saw it at a show for almost nothing and thought "why not?"). It's a pretty nice looking coin, though it would look far better in silver. And I think we should start a petition for a Carrie Nation coin. I'm all over that. She could be wielding her bottle smashing ax and everything... there could be a fumbling eagle taking a swig on the reverse... awesome!!!
Ya know? I had no trouble distinguishing them..........guess I'm not a Hill Billy, Hoosier, Hooter, regular guy that notices things different. They didn't, I did.
True, a lot of people didn't have trouble with the SBAs, but a lot of people did. As I said in another thread, in their first year I received three of them in change for a dollar. I didn't have any trouble discerning what I had received, but I was a self-absorbed little kid and ran home with glee. Now I'm just a slightly less self-absorbed adult who maybe has a predilection for those little things because of that experience. It must have shot serotonin through my brain's pleasure centers.