American Innovation $1 Coin Act Passes House - More Gimmicks

This is more the direction I'd like to see than having presidents on coins at all, at least.

How do so many other countries make it work then? It may be an actual concern for some people, but is a tenuous one at best.

Actually I wonder if the mint cares? Isn't it just another "order" for them to fill like in any business? I may not understand the system totally and would appreciate a correction, but from some quick reading I think it works like this:

1. Legislation passed for new coin
2. Mint makes coin while and profits from difference of actual metal values/production costs and the (alleged) value stamped onto the coin.
3. Profits go to the Treasury Dept.
4. Allegedly the profits are supposed to be a way of revenue for the government so taxpayers don't have to pay as much tax as they would without this profit.

Corrections please?




Maybe like other new designs they will solicit ideas and/or artwork from the public?

I think, like everything else, there is a lot of hidden history to be discovered with this project, if, since we are stuck with yet another boondoggle, they do it right. Some of those State Quarter designs were good and others were a tad...um...interesting.