Presidential Dollar Series

Discussion in 'Coin Chat' started by Randy Abercrombie, Mar 5, 2018.

  1. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    When the series began I started putting together a super high quality set of each mint and a proof. Makes for a good looking album that sparks interesting discussion this time of year with my first grade brainiac daughter...... So the series stopped at Reagan. And I know the remaining former presidents cannot be honored on a coin until after their deaths..... Thus my concern. Did I dream that the presidential dollar series was discontinued?
     
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  3. sakata

    sakata Devil's Advocate

    Not sure discontinued is the word. It ended at its natural conclusion when all dead presidents were portrayed. Are you referring, perhaps, to the discontinuation of circulation mintage several years back?
     
  4. Phil Ham

    Phil Ham Hamster

    I'm guessing that they'll make another one when the next president moves onward.
     
  5. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That may be the snippet I heard that’s been spinning around the back of my old brain pan. So then as they become constitutionally allowed, future presidential dollar coins will be issued as part of mint sets then?
     
  6. sakata

    sakata Devil's Advocate

    No. And it has nothing to do with the constitution. It is how the law which authorized them was written.
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yes, yes.... Constitutional was certainly a faux-paux on my part. But isn’t it federal law that former presidents be deceased for two years before being portrayed on legal tender? Only overturned once in 1964 after JFK’s assasination?
     
  8. sakata

    sakata Devil's Advocate

    I may be wrong, but I think that was only the case for this set. Coolidge was on a commemorative while still alive. And I think it was less than two years for FDR.
     
  9. AUAGBUG

    AUAGBUG Member

    Ya'll emember the fluster cluck when the Mint was shipping any amount of dollar coins to whoever wanted and people were making huge buys with their credit cards and simply returning the coins to the bank for the CC reward?
     
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  10. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    https://www.gpo.gov/fdsys/pkg/PLAW-109publ145/html/PLAW-109publ145.htm



     
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  11. Conder101

    Conder101 Numismatist

    Nope not really "federal law" just can't be on the Presidential dollar coins. There is no general restriction forbidding living people from being on the coinage. (If Nancy Reagan had lived just a few months longer she would have become the sixth living person to have been on a coin.) There IS law that forbids ANYONE still living from being on the currency, but there is no time restriction as to how long they have to have been dead.

    And as Burton showed, now that the program has ended new dead presidents can't be added except by act of Congress.
     
  12. onecenter

    onecenter Member

    ..and may all the former presidents live much longer and continue to have healthier lives.

    Next series please.
     
  13. sakata

    sakata Devil's Advocate

    Some of them don't have much longer to live and at least one if not too healthy.
     
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    For the Presidential Dollars a president must be dead 2 years. All coins have been produced and only presidents not on the series are still alive. Congress would have to enact new legislation to have them added to the series after their death. Only Congress can make coinage laws. The first dead president to appear on a circulation issue coin was Abraham Lincoln in 1909. George Washington was first on a coin but he was on a commemorative.
    Only 6 people were living when they appeared on a coin. Each was authorized by Congress.
    1921-Gov. T E Kilby Alabama Centennial
    1926-President Calvin Collidge Sesquicentennial of American Independence
    1936-Senator Carter Glass Sesquicentennial Coin Lynchburg, VA
    1936-Senator J T Robinson on the Arkansas-Robinson Centennial
    1995-Eunice Kennedy Shriver Special Olympics World Games
    2016-Nancy Reagan 1st Spouse $10.00 Gold Coin. She died on March 6, 2016 before the release of this coin but the coin was approved and minted prior to her death.
     
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  15. Rushmore

    Rushmore Coin Addict

    Carter and Bush41 are over 90, Clinton, Bush43, and Trump were all born in 1946, Obama is is the young pup in his 50's.
     
  16. Phil Ham

    Phil Ham Hamster

    An unopened Herbert Hoover (P51) recently sold for $90 on the bay. It is interesting to see that the discontinued series may finally bring some value. Hoover was the lowest mintage of the cover series at 12,585. It is approaching the value of Truman (P53), which had a mintage of 14,788. Of course, Truman sold out due to demand while Hoover just went silently into that good night after the discontinuance of the entire series.
     
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  17. MixtureNo79

    MixtureNo79 Active Member

    Interesting. So that is why they skipped Carter and made a Reagan.
     
  18. Conder101

    Conder101 Numismatist

    The way the legislation was worded, it was unclear whether or not Reagan would be eligible for a coin. It could be it could have been read going either way. And I believe 2015 when it became clear that Carter was not going to pass in time for him to be on a presidential dollar the mint made the decision that Reagan would be eligible rather than leave out a deceased president who would otherwise have been eligible.
     
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