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S.1326 - American Innovation $1 Coin Act

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wyzeguy's Avatar
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 Posted 08/01/2018  1:08 pm  Show Profile   Bookmark this reply Add wyzeguy to your friends list Get a Link to this Reply
As someone who was looking forward to this release, I'm glad the CCAC unanimously rejected these designs. I also felt the reverse designs were fairly weak and was actually more disappointed with the obverse. The fact that it's practically the same as the Presidential dollars shows they gave very little effort in coming up with something unique for this series. I think this line from the article sums it up nicely: but bemoaned the lack of new design creativity (ironic in a program celebrating American Innovation).
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 Posted 08/01/2018  2:04 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
I'm surprised at how poor the proposed designs are and am also glad that they were rejected. There's definitely a lack of creativity. Perhaps it's time to open the designs up to the public. Hopefully, they'll still be able to produce a nice dollar coin to kick off the program. I do disagree with Dennis Tucker's thoughts on innovation. The intent of the legislation is to recognize manufacturing and design innovation. Bringing social ideas in to the mix would take the program in another direction.
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jbuck's Avatar
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 Posted 08/01/2018  3:02 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Oh boy, they are certainly not a off to a good start. It feels almost like sabotage.
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CollegeBarbers's Avatar
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 Posted 08/01/2018  9:54 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
All of the designs are poor, and they really need to depict the Statue of Liberty from a new angle instead of basically recycling the Pre$ series. However, the following quote has given me a shred of hope that this series could have some potential in subject matter:

Quote:
He pointed out that innovation isn't limited to inventions or patents, but could be philosophical, cultural, artistic, linguistic, social, creative, or otherwise intangible, and not necessarily requiring a single person as innovator.

Tucker mentions for example the first state to allow women to vote, which is a subject that should definitely be on a coin!
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United States
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 Posted 08/01/2018  10:22 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
But the intent of the legislation is to recognize manufacturing and design innovation. It's not to recognize states that were first to stop infringing on the rights of particular classes of citizens. That's taking it in a direction that was not at all intended. In my opinion that might be worthy of another series. In fact, it might be a better subject matter, but let's not conflate the two.
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basebal21's Avatar
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 Posted 08/01/2018  10:44 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
However, the following quote has given me a shred of hope that this series could have some potential in subject matter:


That quote just makes me think this series will be a disaster of the committee wanting to make statements with everything they pick
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jbuck's Avatar
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 Posted 08/02/2018  11:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
The law requires of the three...
Quote:
(I) A significant innovation.

(II) An innovator or pioneer.

(III) A group of innovators or pioneers.
As much as it is appreciated, women's suffrage is no more innovative than ending slavery. These were simply the right thing to do. Period.

Now, if the program was "correcting mistakes of the past" then you might be on to something.
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Conder101's Avatar
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 Posted 08/02/2018  2:16 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Well, this isn't getting off to a great start...

"The CCAC unanimously rejects the reverse designs submitted for the 2018 American Innovation $1 Coin" -- http://news.coinupdate.com/the-ccac...tion-1-coin/

I don't know, rejecting all of those bad designs sounds like a great start to me.


Quote:
they gave very little effort in coming up with something unique for this series.

Of course this was just signed into law about ten days ago, they really didn't have a lot of time to come up with designs.

One problem with trying to get a good design for the 2018 reverse is the law pretty much spelled out what it would look like.

"(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—

"(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;


Has to carry that wording and show the signature. If you want the signature big enough to be legible there isn't a lot more room for anything else. And the CCAC may not like the inscriptions, but they can't be changed without changing the law.
Edited by Conder101
08/02/2018 2:27 pm
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jbuck's Avatar
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CollegeBarbers's Avatar
United States
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 Posted 08/02/2018  7:17 pm  Show Profile   Bookmark this reply Add CollegeBarbers to your friends list Get a Link to this Reply
If that's the case, then the Mint should change their mind and forego the introductory coin. Better not to issue a design that looks like a token if they can avoid it...
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Conder101's Avatar
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 Posted 08/03/2018  10:05 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The Mint can only forgo it if the Sec of the Treasury decides not to do it. The Secretary is the person with the Yay or Nay authority for the 2018 coin. So write the Secretary. The 2019 - 2033 coins are a done deal and will HAVE to be issued, and with the inscription the CACC. objected to unless they can get Congress to change the law.
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jbuck's Avatar
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 Posted 08/03/2018  11:03 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
All they need to do is make it infeasible and cost prohibitive. The Secretary will relent.
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BluegrassRiver's Avatar
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324 Posts
 Posted 08/08/2018  11:31 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
We need to get all dollar coins in circulation. I remember the TIME magazine article about how America could save $700 million in taxpayers money by dropping the paper dollar bill by using the coin instead. I sure use them. They work in the self serve checkout lanes and in my city's parking meters. But, I didn't know all the cashiers in America have determined their hands get smashed if they give out dollar coins in change. Evidently.
Edited by BluegrassRiver
08/08/2018 11:33 pm
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jbuck's Avatar
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 Posted 08/09/2018  10:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
We need to get all dollar coins in circulation. I remember the TIME magazine article about how America could save $700 million in taxpayers money by dropping the paper dollar bill by using the coin instead. I sure use them. They work in the self serve checkout lanes and in my city's parking meters.
Agreed, of course!


Quote:
But, I didn't know all the cashiers in America have determined their hands get smashed if they give out dollar coins in change. Evidently.
Oh my. Kids.

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redlock's Avatar
Germany
992 Posts
 Posted 09/22/2018  02:00 am  Show Profile   Bookmark this reply Add redlock to your friends list Get a Link to this Reply
Any news regarding whether this ''intoductory coin'' will come or not? Or has it been quietly ''buried?''
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