On December 1 President Bill Clinton signed the 50 States Commemorative Coin Program Act, which became Public Law 105–124. The United States Senate approved the necessary legislation on November 9, 1997, and the House of Representatives did the same on November 13. Diehl, then Director of the Mint, estimated that it would take thirty months to begin production of the new coin. Also on October 21, in a hearing before the House Financial Services Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, Treasury Department officials gave their support for a new dollar coin, recommending that it be gold-colored with a distinctive edge, to make it easily distinguishable from the quarter-dollar. The final legislation authorizing the design and production of a new dollar coin was based on Grams' bill. On October 21, Minnesota Republican Rod Grams introduced a bill in the Senate, also calling for the mintage of a newly designed dollar coin. Four months later, on July 24, Republican Representative Michael Castle of Delaware, a member of the House Subcommittee on Domestic and International Monetary Policy, also introduced legislation, calling for the Statue of Liberty to be the subject of the design. On March 20 of that year, Arizona Republican Representative Jim Kolbe introduced legislation calling for more dollar coins to be minted. Beginning in 1997, several bills were introduced to Congress with the intent of resuming mintage of small-sized dollar coins to keep up with demand. Senator Rod Grams (R-MN), who introduced legislation in the Senate for a new dollar coin.ĭespite their initial lack of popularity, by the mid-1990s the Treasury's supply of Anthony dollars began to dwindle due to their widespread use in vending machines (including more than 9,000 stamp machines situated in post offices across the United States) and increasing usage in mass transit systems throughout the country. Since there was little interest in the coin as a circulating medium, most were placed in United States Mint and Federal Reserve vaults throughout the country, and mintage ceased after 1981. These new dollars also proved unpopular, due in large part to their similarity in size and metallic composition to the quarter-dollar. Anthony, a prominent American suffragette. On September 26, 1978, Congress approved legislation to provide for a smaller dollar coin to be minted, which would depict Susan B. Soon after initial production of the dollar, it was noticed that a few of the dollar coins were erroneously struck with the obverse of a state quarter and the normal reverse.īecause of the limited circulation of the cumbersome Eisenhower dollar, it was decided in 1977 that a smaller dollar coin might see improved circulation and prove more useful to the public. The Mint planned to issue the Sacagawea design in 22- karat gold as well, but this idea was quickly abandoned after the Mint's authority to strike the coins was questioned, and the Mint has retained ownership of the few such coins produced. In 2012, mintage numbers were reduced by over 90%, in line with a similar reduction for the even less popular Presidential Dollars, because of large stockpiles of unused coins from that series. Production of Sacagawea dollars continued, from 2007 to 2016, in parallel with the U.S. However, the Sacagawea dollar did not prove popular with the public, and mintage dropped sharply in the second year of production. The new dollar coin was heavily marketed by the Mint in a series of print, radio, and television advertisements, as well as Mint partnerships with Walmart and Cheerios. The Statue of Liberty was originally proposed as the design subject, but Sacagawea, the Shoshone guide of the Lewis and Clark Expedition, was eventually chosen. Anthony dollar, which proved useful for vending machine operators and mass transit systems despite being unpopular with the public. The coin was introduced as a replacement for the Susan B. These coins are marketed as " Native American dollars". Since 2009, the reverse of the Sacagawea dollar has been changed yearly, with each design in the series depicting a different aspect of Native American cultures. From 2000 to 2008, the reverse featured an eagle design by Thomas D. The coin features an obverse by Glenna Goodacre. These coins have a copper core clad by manganese brass, giving them a distinctive golden color. The coin generally failed to meet consumer and business demands. The Sacagawea dollar (also known as the " golden dollar") is a United States dollar coin introduced in 2000, but subsequently minted only for niche circulation from 2002 onward. Profile of Sacagawea with her child, Jean Baptiste Charbonneau
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |