will Sac dollars be overlooked this year..

Discussion in 'Coin Chat' started by Danr, Feb 24, 2007.

  1. Aidan Work

    Aidan Work New Member

    That proves that there will be both Sacagawea & Presidential $1 coins issued.In effect,there will be 3 issues of $1 coins,as the Susan B. Anthony $1 still remains legal tender.

    Aidan.
     
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  3. Philly Dog

    Philly Dog Coin Collector

    Yes but I can not find anything about them making like 500 million of them. (as someone posted)
    I hope they don't go crazy

    link
    http://financialservices.house.gov/media/pdf/hr10939.pdf
     
  4. Aidan Work

    Aidan Work New Member

    Philly Dog,you've already posted a link to the same document above.

    Aidan.
     
  5. dopeuser

    dopeuser Senior Member

    Don't all $1 coins issued in the US still have legal tender status? Like the Ike, Morgan, Peace, etc?
     
  6. GDJMSP

    GDJMSP Numismatist Moderator


    Yes, they do.
     
  7. Dockwalliper

    Dockwalliper Coin Hoarder

    Here ya go.

    SEC. 102. PRESIDENTIAL $1 COIN PROGRAM.

    Section 5112 of title 31, United States Code, is amended by adding at the end the following:

    `(n) Redesign and Issuance of Circulating $1 Coins Honoring Each of the Presidents of the United States-

    `(1) REDESIGN BEGINNING IN 2007-

    `(A) IN GENERAL- Notwithstanding subsection (d) and in accordance with the provisions of this subsection, $1 coins issued during the period beginning January 1, 2007, and ending upon the termination of the program under paragraph (8), shall--

    `(i) have designs on the obverse selected in accordance with paragraph (2)(B) which are emblematic of the Presidents of the United States; and

    `(ii) have a design on the reverse selected in accordance with paragraph (2)(A).

    `(B) CONTINUITY PROVISIONS-

    `(i) IN GENERAL- Notwithstanding subparagraph (A), the Secretary shall continue to mint and issue $1 coins which bear any design in effect before the issuance of coins as required under this subsection (including the so-called `Sacagawea-design' $1 coins).

    `(ii) CIRCULATION QUANTITY- Beginning January 1, 2007, and ending upon the termination of the program under paragraph (8), the Secretary annually shall mint and issue such `Sacagawea-design' $1 coins for circulation in quantities of no less than 1/3 of the total $1 coins minted and issued under this subsection.'.
     
  8. Aidan Work

    Aidan Work New Member

    Dopeuser,you'd be mad to try & spend the ones issued right up to 1935.Imagine trying to pay for a loaf of bread with some U.S. Trade $1s,or buying a pound of potatoes with some Morgan $1s.The silver value alone in one of the coins is worth more than US$1.

    Can you still get Eisenhower $1s in change today?

    Aidan.
     
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