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Unopened Mint Bags - 1975 Dollars, 1976 Nickels, 1978 Pennies

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jbuck's Avatar
United States
188513 Posts
 Posted 09/28/2017  11:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Isn't it amazing how often the mint breaks its own rules about dating coins in the year they were actually made?
In this case, not really breaking their own rules or the law since it was allowed in the legislation for the bicentennial coins.

https://en.wikipedia.org/wiki/Bicentennial_coinage


Quote:
By the terms of the statute, all coins minted to be issued after July 4, 1975 and before January 1, 1977 would bear the Bicentennial dates and designs.


Quote:
The Mint believed that if it was required to strike 1975 quarters, half dollars and dollars, not enough could be struck before it had to begin the Bicentennial issues to prevent the 1975 pieces from becoming collector's items. This risked coin shortages at a time when the Mint was seeking to build a surplus of quarters. Mint officials returned to Congress to seek amending legislation. President Ford signed a bill on December 26, 1974 that made several noncontroversial changes to law, including provisions to allow the Mint to keep striking 1974-dated pieces until it began striking the Bicentennial coins. By terms of the amending legislation, the commemorative coins could not be issued until after July 4, 1975.
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