Native American Dollars

Discussion in 'Coin Chat' started by Mike Nielsen, Jan 19, 2017.

  1. Mike Nielsen

    Mike Nielsen Active member

    Does anybody know when the Native American (Sacagawea) Dollar program ends? I thought it was 2016 when the Pres
    idential Dollars stopped, but now the US Mint is selling 2017 Native American Dollars?
     
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  3. rickmp

    rickmp Frequently flatulent.

  4. scottishmoney

    scottishmoney Bammed

    This year they are doing Sequoyah, the inventor of the Cherokee alphabet.
     
  5. Mike Nielsen

    Mike Nielsen Active member

  6. Conder101

    Conder101 Numismatist

    Never mind I reread the laws and see I misinterpreted them.
     
    Last edited: Jan 19, 2017
  7. Mike Nielsen

    Mike Nielsen Active member

  8. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Good Conder caught it.

    From Public Law 110-82

    ‘‘(5) QUANTITY.—The number of $1 coins minted and issued
    in a year with the Sacagawea-design on the obverse shall
    be not less than 20 percent of the total number of $1 coins
    minted and issued in such year.’’.

    100% is not less than 20%. Sac-obverse is authorized ad infinitum.
     
  9. bdunnse

    bdunnse Who dat?

    ‘‘(5) QUANTITY.—The number of $1 coins minted and issued
    in a year with the Sacagawea-design on the obverse shall

    be not less than 20 percent of the total number of $1 coins
    minted and issued in such year.’’


    I think the part of the law quoted above is still being adhered to. I think it was meant to ensure a certain visibility of the NA coins to the public (i.e. not be drowned out by dead presidents!).

    ‘(C) ORDER OF ISSUANCE OF DESIGNS.—Each coin issued
    under this subsection commemorating Native Americans
    and their contributions—
    ‘‘(i) shall be issued, to the maximum extent practicable, in the chronological order in which the Native
    Americans lived or the events occurred, until the termination of the coin program described in subsection (n) [i.e. the presidential dollars]; and

    ‘‘(ii) thereafter shall be issued in any order deter-
    mined to be appropriate by the Secretary, after con-
    sultation with the Committee on Indian Affairs of the
    Senate, the Congressional Native American Caucus of
    the House of Representatives, and the National Con-
    gress of American Indians.


    Again, i think the two parts quoted above together allows for the continuance of NA dollars.

    I could be mistaken.

    Red bits are my highlights/comments.
     
  10. bdunnse

    bdunnse Who dat?

    Wow. A near consensus on law interpretation at CT. :eek:
     
    *coins, Golden age and mikenoodle like this.
  11. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Now, about the advisability of continuing to create these from a supply and demand perspective... meh.
     
    Golden age likes this.
  12. bdunnse

    bdunnse Who dat?

    Agreed. But they'll just mint them in "for collector" quantities just like the Kennedy halfs. Both should be suspended in my opinion.
     
    thomas mozzillo, Cochisz and Kasia like this.
  13. mikenoodle

    mikenoodle The Village Idiot

    the demand is easy to induce... simply stop printing $1 bills

    done and done
     
    Cochisz, *coins, Kasia and 3 others like this.
  14. green18

    green18 Sweet on Commemorative Coins Supporter

    And there are plenty of dollar (Presidential) coins already in goober warehouses waiting (hopefully) for the demise of the paper dollar.
     
  15. Rassi

    Rassi #GoCubs #FlyTheW #WeAreGood

    Think we'll ever have a situation where these are broken out like the Morgans during the GSA sales?
     
  16. green18

    green18 Sweet on Commemorative Coins Supporter

    I doubt it. These moderns were issued in way more numbers than Morgans ever were........I think.
     
  17. mikenoodle

    mikenoodle The Village Idiot

    The reason that the Morgans were sold off in the GSA sales is that the silver value had exceeded the face value and the government saw the opportunity to cash in.

    Unless brass or manganese becomes precious, the golden dollars will never have a reason for that kind of demand.
     
    Cochisz likes this.
  18. scottishmoney

    scottishmoney Bammed

    The last of the Morgans sold off had a few circulated mixed dates, but mostly BU examples of the CC coins that they knew they would get a premium for. It was actually a little less about the melt value exceeding the face value and a lot more about the rarity of the coins that they knew they could get more money for.
     
    *coins, Kasia, Rassi and 1 other person like this.
  19. Robert91791

    Robert91791 Supporter! Supporter

    1531877732928-543175673.jpg
    1531877767369-1584455016.jpg

    Just got my 2018. I have the 2017 already.

    Happy collecting..
     
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  20. green18

    green18 Sweet on Commemorative Coins Supporter

    Got's a standing order for them things Bob. Can't help myself. With all I've got, heavy lifting is required.......
     
    Robert91791 likes this.
  21. Robert91791

    Robert91791 Supporter! Supporter

    There is always a forklift..LOL
     
    green18 likes this.
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