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#1
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No 2007 or 2008 Sacagaweas for regular circulation
There was a report that the US mint will not produce 2007 Sacagwea
Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). Apparently the legislation for the new Native American reverse and edge lettering changes to the Sacagawea also eliminated the current requirement (which was created by Senator Byron Dorgan during the amendments to the Prexibux bill) to make a qty of Sacagaweas equal to 1/3 of the total Prexibux made each year. Once the new design kicks in, the requirement will be back and it will be 25% (so there will be Sacagaweas approximately equal in nmber to one of the 4 presidents made each year). 2009 looks like the start of the new design. To get the full meaning of these code/law changes you almost need to print a copy, and then mark out and add in as the new laws indicate. http://frwebgate.access.gpo.gov/cgi-...laws&docid=fub l145.109.pdf http://frwebgate.access.gpo.gov/cgi-...laws&docid=fub l082.110.pdf http://www.coinworld.com/ |
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#2
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No 2007 or 2008 Sacagaweas for regular circulation
In article . com,
shreadvector wrote: There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). Apparently the legislation for the new Native American reverse and edge lettering changes to the Sacagawea also eliminated the current requirement (which was created by Senator Byron Dorgan during the amendments to the Prexibux bill) to make a qty of Sacagaweas equal to 1/3 of the total Prexibux made each year. This is good news because there will be fewer unused dollar coins sitting in vaults. Once the new design kicks in, the requirement will be back and it will be 25% (so there will be Sacagaweas approximately equal in nmber to one of the 4 presidents made each year). I don't understand why we need two simultaneous designs (President and Sacajawea) on a coin. It would be different if the dollar coin widely circulated, as people would be able to collect them from pocket change. If only those who proposed honoring Native Americans on the dollar coin could have put their efforts into eliminating the dollar bill so every American could receive Sacajawea coins in change. Do they, and Congress, not realize their efforts are futile until the dollar bill is gone? On a related note, I received my first rolls of Presidential dollars in a "regular" order of dollars. I got four rolls of dollar coins last week at my bank that does not get unmixed Presidential dollars, and two were John Adams rolls. Paul -- Paul Anderson OpenVMS Engineering Hewlett-Packard Company |
#3
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No 2007 or 2008 Sacagaweas for regular circulation
"shreadvector" wrote: There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). Apparently the legislation for the new Native American reverse and edge lettering changes to the Sacagawea also eliminated the current requirement (which was created by Senator Byron Dorgan during the amendments to the Prexibux bill) to make a qty of Sacagaweas equal to 1/3 of the total Prexibux made each year. Once the new design kicks in, the requirement will be back and it will be 25% (so there will be Sacagaweas approximately equal in nmber to one of the 4 presidents made each year). Unless I'm misreading the law, the only thing that gets delayed to 2009 is section (r)(1)(A). Section (r)(5) still requires that 20% of the total number minted will have the Sacagawea-design. See: http://www.govtrack.us/congress/bill...bill=h110-2358 -- Michael Benveniste -- Spam and UCE professionally evaluated for $419. Use this email address only to submit mail for evaluation. |
#4
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No 2007 or 2008 Sacagaweas for regular circulation
shreadvector wrote:
There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). [...] Where was this report? And who issued it? Was it just some amateur's opinion? Or were lawyers involved in the interpretation? To get the full meaning of these code/law changes you almost need to print a copy, and then mark out and add in as the new laws indicate. Or go to http://uscode.house.gov/ and look at the modified code. Here's a good link: http://uscode.house.gov/download/pls/31C51.txt Search down in this page for "(n)" and you'll see the relevant paragraphs - as modified by the most recent legislation. I am no lawyer, but it sure seems to me that 5112(n)(1)(B) (aka "Continuity provisions") is still in effect. -- Jim Seymour |
#5
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No 2007 or 2008 Sacagaweas for regular circulation
On Wed, 24 Oct 2007 08:58:36 -0700, Jim Seymour
wrote: shreadvector wrote: There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). [...] Where was this report? And who issued it? Was it just some amateur's opinion? Or were lawyers involved in the interpretation? To get the full meaning of these code/law changes you almost need to print a copy, and then mark out and add in as the new laws indicate. Or go to http://uscode.house.gov/ and look at the modified code. Here's a good link: http://uscode.house.gov/download/pls/31C51.txt Search down in this page for "(n)" and you'll see the relevant paragraphs - as modified by the most recent legislation. I am no lawyer, but it sure seems to me that 5112(n)(1)(B) (aka "Continuity provisions") is still in effect. Don't know if it means anything, but circulating quality 2007 Sacagawea Dollars are for sell at usmint.gov. http://catalog.usmint.gov/webapp/wcs...category=10156 |
#6
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No 2007 or 2008 Sacagaweas for regular circulation
On Tue, 23 Oct 2007 11:32:42 -0400, Paul Anderson
wrote: In article . com, shreadvector wrote: There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). Apparently the legislation for the new Native American reverse and edge lettering changes to the Sacagawea also eliminated the current requirement (which was created by Senator Byron Dorgan during the amendments to the Prexibux bill) to make a qty of Sacagaweas equal to 1/3 of the total Prexibux made each year. This is good news because there will be fewer unused dollar coins sitting in vaults. Once the new design kicks in, the requirement will be back and it will be 25% (so there will be Sacagaweas approximately equal in nmber to one of the 4 presidents made each year). I don't understand why we need two simultaneous designs (President and Sacajawea) on a coin. It would be different if the dollar coin widely circulated, as people would be able to collect them from pocket change. If only those who proposed honoring Native Americans on the dollar coin could have put their efforts into eliminating the dollar bill so every American could receive Sacajawea coins in change. Do they, and Congress, not realize their efforts are futile until the dollar bill is gone? On a related note, I received my first rolls of Presidential dollars in a "regular" order of dollars. I got four rolls of dollar coins last week at my bank that does not get unmixed Presidential dollars, and two were John Adams rolls. Paul Paul, do you care about anything coin-related other than the elimination of the dollar bill and forced implementation of the dollar coin? If yes, why don't you tell us a little about your actual numismatic interests? Do they extend beyond buying rolls of dollar coins at the bank, and then spending them? I know it is hard to tell sometimes, but this newsgroup really isn't dedicated to changing the monetary policy of the US government and the Federal Reserve. Maybe you and Fred Shecter could take these exchanges to e-mail, or find a dead newsgroup (or AMOE!) where these repetitive conversations won't take away attention from the real reason for this group - that is, the discussion of COLLECTING coins, not the tedious minutiae of circulating them against the implied & expressed will of the people of the US and their duly elected representatives. Reclining Buddha The Original Couch Potato! |
#7
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No 2007 or 2008 Sacagaweas for regular circulation
Jon Purkey wrote:
Don't know if it means anything, but circulating quality 2007 Sacagawea Dollars are for sell at usmint.gov. Nope. Not relevant. Every year, the mint sells a few million Sacagaweas in rolls and bags for collectors - and that's what you're seeing on the web site. What we're talking about is the provision in the Presidential Dollar legislation that would require the mint to produce several HUNDRED million Sacagaweas this year. As I read the legislation, they still have to do it. However, "some" have said the new Native American $1 Coin Program has changed the rules. -- Jim Seymour |
#8
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No 2007 or 2008 Sacagaweas for regular circulation
On Oct 24, 9:34 am, Reclining Buddha wrote:
On Tue, 23 Oct 2007 11:32:42 -0400, Paul Anderson wrote: In article . com, shreadvector wrote: There was a report that the US mint will not produce 2007 Sacagwea Golden Dollars for regular circulation (they already have produced them for Numismatic sales/sets). Apparently the legislation for the new Native American reverse and edge lettering changes to the Sacagawea also eliminated the current requirement (which was created by Senator Byron Dorgan during the amendments to the Prexibux bill) to make a qty of Sacagaweas equal to 1/3 of the total Prexibux made each year. This is good news because there will be fewer unused dollar coins sitting in vaults. Once the new design kicks in, the requirement will be back and it will be 25% (so there will be Sacagaweas approximately equal in nmber to one of the 4 presidents made each year). I don't understand why we need two simultaneous designs (President and Sacajawea) on a coin. It would be different if the dollar coin widely circulated, as people would be able to collect them from pocket change. If only those who proposed honoring Native Americans on the dollar coin could have put their efforts into eliminating the dollar bill so every American could receive Sacajawea coins in change. Do they, and Congress, not realize their efforts are futile until the dollar bill is gone? On a related note, I received my first rolls of Presidential dollars in a "regular" order of dollars. I got four rolls of dollar coins last week at my bank that does not get unmixed Presidential dollars, and two were John Adams rolls. Paul Paul, do you care about anything coin-related other than the elimination of the dollar bill and forced implementation of the dollar coin? If yes, why don't you tell us a little about your actual numismatic interests? Do they extend beyond buying rolls of dollar coins at the bank, and then spending them? I know it is hard to tell sometimes, but this newsgroup really isn't dedicated to changing the monetary policy of the US government and the Federal Reserve. Maybe you and Fred Shecter could take these exchanges to e-mail, or find a dead newsgroup (or AMOE!) where these repetitive conversations won't take away attention from the real reason for this group - that is, the discussion of COLLECTING coins, not the tedious minutiae of circulating them against the implied & expressed will of the people of the US and their duly elected representatives. Reclining Buddha The Original Couch Potato!- Hide quoted text - - Show quoted text - Gee, I always thought the total number of coins minted was important to actual numismatists as well as "coin collectors". But according to you, this information should not be discussed in this newsgroup. Oh well, I'll just have to ignore you and increase my postings on the subject. neener, neener..... |
#9
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No 2007 or 2008 Sacagaweas for regular circulation
On Oct 24, 12:34 pm, Reclining Buddha wrote:
Paul, do you care about anything coin-related other than the elimination of the dollar bill and forced implementation of the dollar coin? We currently have a forced implementation of every denomination. What coins and bills we use are a choice of the government, not the public. If yes, why don't you tell us a little about your actual numismatic interests? Do they extend beyond buying rolls of dollar coins at the bank, and then spending them? My coin collection is the same one I had when I was a kid. For many years, I would buy the Uncirculated sets from the Mint, cut them up and add them to my Whitman folders. Although I no longer keep my circulated collection up-to-date, I buy both variants of the Proof sets each year and have done so since the late 70s. I want to see coins continue in commerce. I feel that if the US does not eliminate its low-denomination coins and replace its low- denomination bills with coins, coins will disappear from everyday use. I don't think that would make any coin collector happy. I love to see the reactions from people when I spend the latest state quarter, or the new dollar coins, or a $2 bill or half-dollar. This is much more fun than paying with more commonly-used coins or bills, and may introduce someone to coin collecting. I know it is hard to tell sometimes, but this newsgroup really isn't dedicated to changing the monetary policy of the US government and the Federal Reserve. That's true. This newsgroup is not dedicated to any particular topic, except coins. What coins the US produces, in what style and denomination and in what quantities are certainly on-topic for this group and of interest to coin collectors. Maybe you and Fred Shecter could take these exchanges to e-mail, or find a dead newsgroup (or AMOE!) where these repetitive conversations won't take away attention from the real reason for this group - that is, the discussion of COLLECTING coins, not the tedious minutiae of circulating them against the implied & expressed will of the people of the US and their duly elected representatives. The people have not even seen enough dollar coins, or used them in any meaningful quantity, to have an "expressed will" about them. What is tedious to me is the continued refusal of our duly-elected representatives to open their eyes and adjust our system of coins and bills to reflect the realities of 2007. We need a working, convenient system of coins and bills. Not changing it will doom coins to history as they become less and less meaningful over the years. Paul |
#10
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No 2007 or 2008 Sacagaweas for regular circulation
"Paul Anderson" wrote in message ps.com... On Oct 24, 12:34 pm, Reclining Buddha wrote: Paul, do you care about anything coin-related other than the elimination of the dollar bill and forced implementation of the dollar coin? We currently have a forced implementation of every denomination. What coins and bills we use are a choice of the government, not the public. Right and wrong. The government mints various coin denominations. The public chooses which ones they prefer to use. Several are not widely popular. Presently it looks like at least 95% choose not to use the half dollar. I see halves in open trays at banks, so they're still available to anyone who wants to spend them. Most consumers choose not to seek out dollar coins just to spend them, assuming they will not usually encounter dollar coins in change. Even with the lowly cent, it's a mixed bag. Even those who hate them often carry a couple cents with them, ironically to avoid getting any more in change. If yes, why don't you tell us a little about your actual numismatic interests? Do they extend beyond buying rolls of dollar coins at the bank, and then spending them? My coin collection is the same one I had when I was a kid. For many years, I would buy the Uncirculated sets from the Mint, cut them up and add them to my Whitman folders. Although I no longer keep my circulated collection up-to-date, I buy both variants of the Proof sets each year and have done so since the late 70s. I want to see coins continue in commerce. I feel that if the US does not eliminate its low-denomination coins and replace its low- denomination bills with coins, coins will disappear from everyday use. I don't think that would make any coin collector happy. There always will be plenty of coins to collect in our lifetime, even if none was ever minted again. Personally, I prefer to concentrate on historical coins rather than be enticed by tons of new issues every year. The denominations, per se, aren't important. I love to see the reactions from people when I spend the latest state quarter, or the new dollar coins, or a $2 bill or half-dollar. This is much more fun than paying with more commonly-used coins or bills, and may introduce someone to coin collecting. So you're in it more for self-serving reasons. You like to see peoples' reactions when you hand them coins or bills they aren't used to receiving. I suspect you actually enjoy watching their confusion more than encouraging them to take up collecting coins, but then I can't read your mind. I never found it particularly "fun" to spend any particular coin denomination, although I admit I'd like to have been able to hand someone a $500 bill. I know it is hard to tell sometimes, but this newsgroup really isn't dedicated to changing the monetary policy of the US government and the Federal Reserve. That's true. This newsgroup is not dedicated to any particular topic, except coins. What coins the US produces, in what style and denomination and in what quantities are certainly on-topic for this group and of interest to coin collectors. I agree. You, Fred, and others are free to freely discuss this topic, and it is indeed germain to the newsgroup focus. I think it's interesting to read others' views, regardless of whether I agree with them or not. Maybe you and Fred Shecter could take these exchanges to e-mail, or find a dead newsgroup (or AMOE!) where these repetitive conversations won't take away attention from the real reason for this group - that is, the discussion of COLLECTING coins, not the tedious minutiae of circulating them against the implied & expressed will of the people of the US and their duly elected representatives. The people have not even seen enough dollar coins, or used them in any meaningful quantity, to have an "expressed will" about them. What is tedious to me is the continued refusal of our duly-elected representatives to open their eyes and adjust our system of coins and bills to reflect the realities of 2007. We need a working, convenient system of coins and bills. Not changing it will doom coins to history as they become less and less meaningful over the years. I've commented on your above statements before. Obviously I disagree, but that's what makes the world go 'round. Bruce |
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