Updates from the coin news

For those that have been keeping up with the Reagan proposals, and the new dollar series, here is the up to date news.

The Reagan dime seems to be a dying (but not dead) issue.

Looks like we will see a new Reagan $10 Bill before the year is out. The bill is in the senate currently. A house bill is also being worked on. Looks like a winner on both sides of the isle. Could possibly see the 2004 series date.

The Presidential Dollar series is in a dying mode also. Many have decided to wait for the November elections before any decision is made. Mr. Castle (Rep. Delaware) has been very receptive to the designs that I have forwarded to him. GDJMSP's dollar concept is among those. While everyone on capital hill is not the most receptive to returning to a Liberty design, almost all agree that something has to be done. In this political season, none are going to agree on a dead president from either party. (exception of Reagan).
Many western members are fighting to keep Sacagawea alive. The mint has no plans to make the dollar coin available to the federal reserve at this time. No commerce needs.

For all members who have a view on this subject, I would suggest that you contact your congressmen or senator to voice your opinion.


Each time this subject is brought up, it has inspired debate. While we all have strong feelings on this subject both for and against, try to keep it civilized please.

 

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Thanks, ND. Of the 3 things, the Reagan sawbuck was the least objectionable. It will just be funny to have a "modern" president on our paper money -- It will almost seem fake to me. Guess no one cares about Alexander Hamilton anymore. I'll only remember him when I walk by his grave on my visits to Wall Street.

Did Nancy Reagan capitulate and agree to this?? I thought previously she did not want this. Maybe it was only the dime she objected to.

 

This shows that you can't kill dead presidents off coins, sadly. Except for Ike, I guess, which was sort of a special case because they discontinued the dollar coin in "his size."

Look at the latest casualties. Franklin was toast on the half dollar and now Hamilton may be out the door on the $10. Note that these founders are among the only non-presidents on our money. Washington very much feared the likenesses of presidents on coins, saying it seemed too much like monarchy.

If we honored his memory as much as we claim to, the best thing we can do is get them *all* off of our coins. There is no way that any president can be removed from our money at this point unless ALL of them are given equal time. It's a very, very sad commentary on the state of our money and the politics that have overtaken it. All that would be left in terms of non-presidents (except for the dollar coin which is doomed to fail as long as the $1 bill is printed) is Franklin on the $100.

They may have to start creating new denominations once a few more presidents come and go in the decades to come.

 

what about taft? granted, we would have to revert to the larger size bills... but still.

 

Can't wait to get my Warren G. Harding dollars...how about Millard Fillmore or Calvin Coolidge? I may give up coin collecting altogether when Bill (and possibly Hillary) grace our coins. OMG!!!!!!

Here are all of the bill numbers from a previous thread we did...

From Coin World (7/12/04)

Here is legislation currently pending in Congress. Write to your representative and PUSH for a coin that represents what America is all about : Freedom, Liberty and her majesty (like the Walking Liberty or other classics from the past). There is also a bunch of beautiful designs ready to go, but some of our representatives want ALL of the presidents to grace our coins come 2006.

HR4525: introduced June 8 by Rep. Jeff Miller, R-FL; seeks to redesign the half dollar to commemorate Reagan.

HR4528: introduced June 9 by Rep. J.D. Hayworth, R-AZ; seeks to redesign the face of the $10 FRN to feature Reagan's portrait.

HR4563: introduced June 14 by Rep, Dana Rohrabacher, R-CA; seeks to redesign the face of the $20 FRN to feature Reagan's likeness

HR3633: introduced November 21,2003 by Rep. Mark Souder, R-IN; seeks to have Reagan's portrait used on the 10 cent coin.

S. 2517, introduced June 14 by Sen. Ben Nighthorse Campbell, R-CO; seeks two commemorative coins, a $1 silver and a $5 gold coin and, at the Tresury's discretion, a $10 ringed bimetallic coin of gold and platinum. (I could live with that)

From another previous thread too:

With HR3916 being discussed in Washington about putting ALL of the Presidents on future dollar coins starting in 2006 (similiar to the State Quarter Program) ALONG with the First Ladies on pure gold PREMIUM coins, it is important for us to write our congressman with our thoughts on such a proposal. Otherwise, the mint is going to poll a 1000 people and take the American opinion about dollar coins and paper dollars as gospel.

By the way, I vote for GDJMSP's dollar design...it is what America is all about!

 

i seriously don't understand why "everyone on capital hill is not the most receptive to returning to a Liberty design"....isn't that this country stands for? how can a dead president be more important than liberty? or the eagle or flag for that matter?

is a pic of gdjmsp's dollar design available?

 

I guarantee you that over 80 percent of those people that they would use as a public pole, don't even know that we use to have a 2 and 3 cent piece. Let's get some people that are experienced in the area of coins to cast the vote on it, for they (we) are the ones that have really devoted our lives to understanding everything we can about coins, "we" are the ones that would take a coin, and protect it for all our lives, and pass it on to another who cares, while others will lay a coin on a railway, to have it flatened out, beyond recognition, and possibly, never again collectible ( just using examples here ) . I guess i'll cut off there, you guys know what I mean hopefully.

 

The biggest concerns on capital hill are voters. No one wants to be the one to remove a presidential design. That is why Alexander Hamilton is such an easy target. No political party lines to upset today.
With a return to Lady Liberty, no one gets the "hey look another republican or democrat" coin.
Even the sacagawea coin is being heralded as a political image. Why we in this country feel the need to promote political parties or ideals on our coins is beyond me.
Maybe one day, our leaders will realize that this activity is exactly what our founding fathers tried to avoid.

 

I know exactly what you mean. We were at the grocery store and I had a half dollar in my wallet from the 70's (no numismatic value because of the circulation. The bill came to $90.52 and I paid with bills, 2 pennies, and the 50 cent piece. The cashier looked at it and asked what it was. That was scary.

 

HA! that reminds me of a story I heard a couple years back... I found it on a google search, and you gotta read it... moral: never use a 2$ bill at taco bell.

http://www.digiserve.com/eescape/closet/silly/2-at-Taco-Bell.html

 

in response to Pennycase, however, I guess a counter point would be that the first purpose of money is commerce. So that has to be the first concern - how will society take to it.

I mean, the government initiated a huge advertising campaign when they introduced the multi-color twenties... spent billions in television ads. Imagine what a complete facelift would cost to get the word out to everyone... that's something that really has to be considered before the numismatic value.

 

That is absolutely hysterical. You would think that people whose sole job is to take money and make change would at least know what is legal tender. Don't they have to take a currency identification course or something?

 

Aside from the fact, there isn't anything backing the money being printed now. Where are they coming up with the money for all the new dies and advertising and everything else? It would seem to me that the current money should be bolstered rather than just printing new with all of the expenses attached to it.

 

Well, the overall objective is to SAVE money from being able to print less $1 bills, to saving our economy from inflation by counterfeiters. As is the case with the Sac dollar and the "Carter Quarter", it doen't always work out that way.

 

The mint made many different designs in both coin and currency without bothering to find out what the people liked. We deal with what we have. The past few Fed directors have been SCARED to change what is perfectly legal for them to do so. The system in place was designed for change. It was set up to work, and over time, people have forgotten that. This country is too worried about what we think, instead of what is right.

 

When I read stories like this...now I know why some rule the world while others still work at Taco Bell. Unfortunately, these people are allowed to vote this November...scarry!

 

ND - you said the system in place was designed for change. Could I trouble you to expand on that statement, if you have the time?

To be honest, I don't know anything on this subject, and I would like to.

 

Ed, I think it's an urban legend, but I thought I would share the story, because it made me laugh when I first heard it...

I find it hard to believe it really happened - but it wouldn't be the most ridiculous thing I have ever heard

 

After my experience with the half dollar, I can see where the Taco Bell story could have happened. Sad, but true.