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When The President Signs.......

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Valued Member
United States
174 Posts
 Posted 12/24/2007  08:49 am  Show Profile   Bookmark this reply Add gussyboy1 to your friends list
I like JBUCK's plan! Make that man a President while we're at it!
Gussyboy1
Yes, I'm old enough to vote for JBUCK!
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United States
189053 Posts
 Posted 12/24/2007  10:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Thanks for the vote! And I am old enough to be President by a three year margin!

Regarding the Motto, I was trying to say that this will always be an issue until Presidential dollar Coins are minted with the motto on the obv or rev as opposed to the edge. And this bill won't make that possible until the President signs it (or congress overrides his Veto). It will probably happen. Looking back at what I wrote, I can see how that intent might have been missed, so I apologize!
Edited by jbuck
12/24/2007 10:28 pm
Rest in Peace
United States
3730 Posts
 Posted 12/25/2007  11:38 pm  Show Profile   Bookmark this reply Add Gary Burke to your friends list
If a majority of the people knew how much money the earmarks (pork) cost them, and what the money was going for, there might well be a revolution. But, ignorance is bliss.
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 Posted 12/26/2007  10:17 am  Show Profile   Bookmark this reply Add jbuck to your friends list
Oh, I know, and it keeps me awake at night! I pray the people become aware of it and elect real change. It seems that our "representatives" only look at a Bill to see if his or her particular piece of pork is in it, ignoring the possible damage the other pork may cause!
Pillar of the Community
United States
6326 Posts
 Posted 12/26/2007  11:05 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Well then....... I feel a little better about going " Presidential dollar Crazy" with this first year !!
So, the first two years will have "IGWT" on the edge (2007 & 2008)....... that's grrrreat !
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 Posted 12/26/2007  11:22 am  Show Profile   Bookmark this reply Add jbuck to your friends list
My crazy prediction: You'll win if you hoard 2009+ in MS conditions! Everyone else will hoard the 2007~2008 expecting them to be more valuable, ensuring there will be plenty of high-grade specimens. The 2009+ will circulate more (less hoarding by the masses) and your hoard will represent the surviving high-grade population! Of course, this all assumes we kill the dollar bill to get the dollar coin to circulate in the first place! Otherwise, methinks a strong majority of all issues will survive the years as high-grade!
Pillar of the Community
United States
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 Posted 12/27/2007  09:42 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Well .......to cover all bases.......despite the high mintage number which ensures the low value of all of them at any time !! ....... I figure to be set up with the first three years quite well so that no matter what happens with their value I'll be good ........ and everyone will have them anyway despite "IGWT" location so.......
But I'm not going to pay much attention to them after the first three years. I'll still maintain a couple of books with uncirc's and probably get a "D" roll of them for even money at my local bank (packed by the mint unopened/unsearched) so that in the 16 year Presidential dollar Program somebody 10-12 years in to it who wants to "start" it.........i can supply them (as well as millions of other people could on ebay !)
And you know what .....even if the value never appreciates much at all...even 30 years from now........ IT'S A GOOD SAVINGS PROGRAM FOR MONEY !! HA HA LOL This way I won't spend money and can save it (hard to do these days)
However little they were worth before (always minimum of $1.00) Taking "IGWT" off of the edge WILL make them a tiny tiny bit more valuable....1st, 2nd, or 3rd year......... right ?
Pillar of the Community
United States
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 Posted 12/27/2007  10:00 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
The dollar coin is never going to be a popular circulating coin....... the Sac's, Suzy B's, President....... It'll never, at least in our lifetime, take the place of the paper dollar either....... hummmmm....... at least i'll have some money put up for years to come that I won't be spending !
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 Posted 12/27/2007  10:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list
Maybe the absolute worst case, they are worth face value and you will lose money over time as inflation affects the dollar's buying power.

Not-so-absolute best case, they are ignored for a long time by most collectors. You will have a good collection of higher grade pieces. If the paper dollar is removed, they will circulate. If not, the mint might end up melting them for other denominations and you still have a huge hoard and the first years might see a small premium for being "different" than the rest of the series.

I think ultimately, if you like them and appreciate the significance of them changing the design, and eventually give some to your children/grandchildren as you tell them stories about our country and the political controversies of your time... well, then that is priceless!
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United States
342 Posts
 Posted 12/27/2007  11:42 am  Show Profile   Bookmark this reply Add Dockwalliper to your friends list
The President signed the bill into law yesterday, Dec. 26th.

http://www.coinnews.net/2007/12/26/...-motto-3902/
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 Posted 12/27/2007  11:47 am  Show Profile   Bookmark this reply Add jbuck to your friends list
".I am disappointed in the way the Congress compiled this legislation, including abandoning the goal I set early this year to reduce the number and cost of earmarks by half. Instead, the Congress dropped into the bill nearly 9,800 earmarks that total more than $10 billion. These projects are not funded through a merit-based process and provide a vehicle for wasteful Government spending."

And you signed it anyway... bravo...

Edited by jbuck
12/27/2007 11:48 am
Pillar of the Community
United States
6326 Posts
 Posted 12/27/2007  1:19 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list
Why do you think politicians DO "NOT" WANT THE PRESIDENT TO HAVE "LINE ITEM VETO" LOL HA HA Because they like to put in all this "pork" and stuff for their state's benefit. Then if you "DON'T" sign the bill which started out as a good bill........ you're a bad guy and didn't support a certain bill ! They don't mention that you didn't sign a particular bill because of the "extra" stuff that is sneaked in there and you have to take ALL or NONE of it........ No matter who has the majority and the White House, it's been that way for quite some time.......I believe Clinton had it for awhile and then it was taken away.
It's too bad that Congress can't realize that we're sick to death of THEM and there selfish interests that don't reflect the majority of the country....... illegal immigration for starters
anyway........... I LIKE COINS ? COINS ARE COOL ! (lol ha ha)
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 Posted 12/27/2007  1:30 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I love my coins as well, especially the US issues. Regardless of who is on them, I look at them and am reminded of the most important gift we've ever been given. Liberty. Our Constitution is a beautiful tribute to Liberty. Our elected officials may have lost their way, but everything has a breaking point. I pray We the People make a stand before it is too late. Vote for change, not the status quo!
Pillar of the Community
United States
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 Posted 12/28/2007  09:40 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list
hear ! hear ! The "Leave it to Beaver" days of America are gone forever, and we could lose our national identity if we don't get ahold on things...... Coins are a good way for Americans to keep that close and remember.......... even brand new "legal" immigrants can indoctrinate themselves into our society through all kinds of ways. Coin collecting is a good "teacher" I think.
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 Posted 12/28/2007  10:52 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I agree. Coin Collecting gave me an interest in history. I was always curious as to who these people were and why they were on my money, so I read up on them and their place in history. When it came time to take history classes in high school and later in college, I not only had an edge, but something to offer the class.
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