Since 1971 the dollar coin has been pointless. Ikes, SBA's, Sacagawea's, President coins. If there is no intention to eliminate the dollar bill, it's all been a huge waste of money and resources. The Ike was way too large and heavy to carry around. The SBA was confused with quarters. The Sac's and Pres coins just sit in storage vaults, and the taxpayer is picking up the bill for storing these coins that are collecting dust. Streamlining and minimalism is the smart move. We need less issues, not more.
Push that back about 120 years earlier. After 1853 they were pointless because they contained more than a dollars worth of silver in them so they didn't circulate, and then once paper reach par with gold and silver around 1874 and people knew they could exchange the paper for gold or silver at any time the paper note became the circulating medium of choice due to its lighter weight. And that latter reasoning has never and most likely will never change as long as the paper and coin are both available. Gold dollars were never practical because of their small size. Before 1853 silver dollars were practical, because you couldn't trust the paper money in circulation. (There was no Federal paper money, and all the paper in circulation was issued by banks of questionable stability, Railroads and even private corporations. Every time you used or received a note you had to look it up in a reference work, published monthly, to see how much you needed to discount it or even if it had any value at all. And the publisher of the references were not always able to resist bribes from a note issuer to list their notes as being worth more than they should be.) But a silver dollar was always a dollar because it had its intrinsic value in silver in it.
The Commission of Fine Arts (CFA) has recommended a design for the George H. W. Bush presidential dollar coin that is the same design that the Bush family prefers: https://www.coinworld.com/news/us-c...mends-designs-for-bush-dollar-10-dollar-coins
I will get the Bush ‘41 dollar coins (P&D) when they come out, or later via CRH which will be much tougher.
Mint artists are getting lazy. Take an old artists rendition of a president dollar, paste a PICTURE of Bush on it and call it a design. CFA is getting lazy too accepting that as a design. Hey maybe a way to save money, Take older President dollars and just put a sticker of Bush on them. Lets you make the new dollars without increasing the number in storage, and you don't have to spend money on all that new metal.
United States Mint Announces Designs for George H.W. Bush Presidential $1 Coin and Barbara Bush First Spouse Gold Coin July 28, 2020 https://www.usmint.gov/news/press-r...llar-coin-barbara-bush-first-spouse-gold-coin
You can say that. You can not buy one if you so choose but it's the law. The George H. W. Bush $1.00 Presidential coin will be released in 2020.
It was a joke, a reference to President Bush senior's famous line: "Read my lips - no new taxes!" He didn't keep to this promise and his opponents hammered away at this line, repeating it over and over again to show how he didn't live up to his promises. Some say the taxes, and this line was the reason he was only a single term president. If playing one of those "free association" games, this is what many of us would think of if his name were said. "Read my lips - no new taxes!"
I only said it because someone else said something very similar in 1988. Oh well . . . it looks like a couple of people here got it.
Thank you for the history. For some reason I don't remember any of that but I do remember him being in for 1 term.