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 Replies: 159 / Views: 17,243 |
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Valued Member
United States
430 Posts |
I got a mailer from the mint that says a multi-year program takes off in 2019 and mentions product 18GE which is a reverse proof 2018 American Innovation coin. Isn't it kind of odd to begin minting a non circulated coin with a date from the previous year? I didn't see it on the product schedule or couldn't find it by searching the product code, but I doubt it's an error.  |
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Moderator
 United States
188213 Posts |
Interesting. I suppose I need to get one to go with the proof I lot last year.  |
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Pillar of the Community
United States
4901 Posts |
Yup...kinda weird
I would guess another printing error
Edited by Foxwoods Man
06/15/2019 07:15 am
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Pillar of the Community
United States
1374 Posts |
Quote:(ii)First coin.—Notwithstanding subparagraph (A), if the Secretary finds that it is feasible and cost-effective, the Secretary may mint and issue a $1 coin in 2018 to introduce the series of coins described in this subsection, that— (I)has the obverse described under paragraph (2)(A); (II)has a reverse that bears the inscription "United States of America" and "American Innovators" and a representation of the signature of President George Washington on the first United States patent issued; (III)has the edge-incusing described under paragraph (2)(C); and (IV)the design for which has reviewed by  the Citizens Coinage Advisory Committee. Looks to me like the authorizing legislation restricts the minting of the introductory coin to 2018. So, if this is a real product, it seems like it would have to have been minted last year and held for issuance this year  |
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Pillar of the Community
United States
4901 Posts |
Question following would be "Why?"
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Valued Member
 United States
430 Posts |
There seems to be some loophole, it doesn't say the introductory coin is limited to 2018 for issuance.
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Valued Member
United States
430 Posts |
The coin is priced at $9.95.
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Pillar of the Community
United States
1374 Posts |
Quote:
The coin is priced at $9.95. Yes, the product and pricing announcement is in next Monday's (June 17,2019) Federal Register. Quote:
There seems to be some loophole... No loophole needed...unless they're minting the coins in 2019 |
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Valued Member
United States
430 Posts |
Thanks for the link. Maybe on Monday I'll call the number listed and ask when they were minted
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Valued Member
United States
430 Posts |
I also looked at the authorization law for this series and found this section which raises another question about the reverse proof coins. I guess the mint does play legalese and thinks if it doesn't say they can't do it, it means they can.
(6) Issuance of numismatic coins.--The Secretary may mint and
issue such number of $1 coins of each design selected under this
subsection in uncirculated and proof qualities as the Secretary
determines to be appropriate.
Edited by mellamobradley46
06/15/2019 12:49 pm
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Pillar of the Community
United States
4901 Posts |
This is gonna be interesting
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Pillar of the Community
United States
1374 Posts |
Quote:
I also looked at the authorization law for this series and found this section which raises another question about the reverse proof coins. IMHO this isn't an issue. A "Reverse" Proof coin is still a proof coin, it's just that the dies are polished differently than a "normal" frosted proof coin. To me, the only issue is when the coins were struck. The way I read the legislation, it seems that all introductory coins were required to be struck in 2018. Plus, the legislation also states Quote:
(C)Edge-incused inscriptions.—
(i)In general.—
The inscription of the year of minting or issuance of the coin, the mint mark, and the inscription "E Pluribus Unum" shall be edge-incused into the coin.
(ii)Preservation of distinctive edge.—
The edge-incusing of the inscriptions under clause (i) on coins issued under this subsection shall be done in a manner that preserves the distinctive edge of the coin so that the denomination of the coin is readily discernible, including by individuals who are blind or visually impaired. So, if the coin is dated 2018 and issued in 2019, then I believe the legislation requires it to have been minted in 2018, but I suppose this clause could also be interpreted to allow the 2018 date since the Innovation dollar was first issued in 2018 This is definitely does not seem to be a business as usual coin for the Mint Edited by BadDog
06/15/2019 2:16 pm
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Moderator
United States
188213 Posts |
Quote:
This is gonna be interesting No doubt.  |
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Bedrock of the Community
 United States
12819 Posts |
Does not seem like a typo to me... but time will tell.
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Valued Member
United States
430 Posts |
It's on the product schedule now for August 18
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Pillar of the Community
United States
1913 Posts |
That's crazy. I wonder if they'll just tell us how many were minted. Or will they actually mint a 2018 coin in 2019?
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Replies: 159 / Views: 17,243 |
Posted 06/15/2019 06:55 am
