Its official. Bush signed the President dollar coin bill.

From the Law.

reverse shall bear--
``(i) a likeness of the Statue of Lib-
erty extending to the rim of the coin and
large enough to provide a dramatic rep-
resentation of Liberty while not being large
enough to create the impression of a `2-
headed' coin;

 

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Yeah, in 2007 there will be five quarters and a dollar coin released with Washington on the obverse. In the P&D Mint Sets, that'll be almost 43% of the coins with his mug on them.

 

And the second State quarter released in 2007?...............Washington.

 

It's a conspiracy!!!

 

How's this for a Gold Coin?

Yikes! He He He...
EDITED---That kind of "joking" would be better in the General Discussion forum

 

I am distressed to see this come to fruition. The whole project will be a disaster.

The Presidential Dollars will not circulate. Many, many millions of people will waste their coin collecting money on coins that will be minted by the tens or hundreds of millions........ And hoarded by the tens and hundreds of millions..... and NEVER circulated.........

 

I heard the same basic arguments about the State Quarters program.... Only time will tell....

 

I haven't kept up with which version passed, but if they do not take SBAs out of circulation, these dollars will fail. When people get dollar coins fronm the bank, the rolls are mixed - SBAs, Sackys, and now Presidents (used coins, obvioulsy). The SBA is a problem since it still fails for the same reason as when it was issued - looks too much like a quarter. This is one reason why dollar coins are not more popular.

Also, the mint is required to mint these, so we are stuck with this boondoggle. I guess they could reduce mintages to almost nothing and sell only to collectors, which is probably what will happen.

 

I'm for it.

I like the state quarters and look forward to the new ones. I've seen lots of letters from school teachers who turn them into a geography and history lesson for their students. I send them to all my grandkids as soon as I can so they can be the first in their class to have them. How many future collectors will come from the State quarter program. The same with the Presidents, a ready made history lesson in your pocket. I don't really don't care that the new coins aren't "high art", but there are a lot more people collecting common and/or ugly coins than collecting ST. Gaudens double eagles or Gobrecht dollars. Some will continue to collect and become more sophisticated in their collecting, others won't. But new coins will get interest from noncollectors, at least at first. JonySky

 

What happened to George Morgan? What about getting a pretty girl on our bullion and dollars? Not some ugly eleanor roosevelt. Yuck. This makes me sick. Canada, anyone?

 

Living Presidents of America have been depicted on coins,but not on coins from America though! The British Commonwealth country
called the Hutt River Province Principality issued coins in 1981 to commemorate Ronald Reagan's inauguration,& in 1993 to commemorate Bill Clinton's inauguration.These have been mentioned in the 'Coins of the Hutt River Province Principality' section.

Aidan.

 

Guess Reagan will qualify then by the time they get to him. Likely Ford too.

 

Correction... a living president has been on a US coin before...

The 1926 Sesquicentennial of American Independece half dollar commemorative depicted then president Calvin Coolidge (along with George Washington) on the obverse.

To date, it's the only US coin to ever have depicted a living US president.

 

Thanks for pointing that out,Troodon.We all know that President George Washington appears on some 1 Cent tokens,most notably those issued in 1783.

Aidan.

 

Yes, but those were not coins in the technical sense, and Washington wasn't elected president until 1789.

Washington's first appearance on what can be strictly defined as a US coin was on the Lafayette dollar commemorative in 1900, making Washington the first US president to show up on a US coin. He's also been on the 1926 Sesquicentennial as mentioned earlier, the 1982 commemorative honoring his 250th anniversary, the 1991 Mount Rushmore commemoratives (half dollar, one dollar, five dollar gold piece), and of course every regular issue quarter from 1932 to the present. That's a lot of appearances for someone who was disgusted at the idea of featuring presidents on coins, lol, have to love the irony.

 

Reagan will have been dead for 2 years before the program starts in 2007.
Ford, Carter and Bush#1 are on the "bubble".

 

OK, Dock, have you seen the latest Numismatic News? It says over and over that they will make a coin for all presidents, living or dead. Where do you think they got this since all documents I've seen say that only dead presidents will be honored?

 

Not that many. After the first year, maybe the second, after they find their vaults bulging with coins no one wants, they will wind up going back to what they are doing with the Sac dollars and not making them for circulation. They will just sell them directly to the collectors and the mintages wil drop to around 3 million coins per year.

And those were struck in England in 1820.

Numismatic News has about a two to three week lead time between when it is written and when we receive it. The latest version of the bill, the one Bush signed, rstricts it to presidents that have been dead at least two years when their turn rolls around.

 

The version of the bill that the house passed in July included all the Presidents. The Senate version did not. It was the Senate version that the house passed on Dec 13th and sent to the President to sign(He did on the 22nd). Appearantly some congressman didn't read what they passed because they still believe the bill they passed will include all the Presidents.

This is from the congressional record,Dec 13th debate......
Rep. Carolyn Maloney [D-NY]One of the bills sponsors)
"As our earlier vote reflects, this is an idea that we can all agree on. The Presidential dollar coin will begin in January of 2007 with the issuance of the George Washington dollar and continue at the rate of four Presidents a year until all Presidents who have completed their term of office have been honored, including President Bush and at least one successor."

Thats why some people still believe all the presidents will be on the dollar coins.

 

Hmmmmmmmm.....makes you wonder if they really read what they sign.

I've kept up with this bill (and now law) from its inception and I'm aware of the House vs Senate versions and I thought I understood the version that the Pres. signed but when this guy in the NN emphatically kept mentioning that all presidents would be honored, it made me wonder if he even read the document (it also made me wonder if I had missed something).