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Prez Dollars

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richardschornak's Avatar
United States
80 Posts
 Posted 08/06/2009  10:34 am  Show Profile   Bookmark this reply Add richardschornak to your friends list Get a Link to this Reply
I don't know. With the president dollars no one wants to
circulate them. What is to become of them.
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Sap's Avatar
Australia
16842 Posts
 Posted 08/06/2009  6:37 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
I understand it differently than Sap. Each eligible president is put on a coin, in order. Living presidents (and those who have not been dead long enough) are not eligible. So those presidents will be skipped when their turn arrives. When there are no more eligible presidents remaining, the program will expire, unless Congress extends it.

But I've read the law and see how it could be interpreted differently.

Thank you for the clarification. I was unaware that there was even any debate about it.

Quote:
Maybe I'm wrong, I thought the Obama coin was legal tender.

The colorized Obama US coins are indeed legal tender - but the pics of Obama were added to them by a private company after they left the mint. They are not officially issued "US Obama coins". It would be no different if you painted a smiley face on a quarter and called it a "legal tender smiley face coin". Technically true, but...

The Liberian Obama coins are, however, officially issued legal tender coins - in Liberia. The US has no means to enforce it's "no living presidents on coins" rule outside it's borders; you can find examples of coins with other living presidents from Liberia, and elsewhere. Whether or not anyone actually in Liberia is aware of the existence of these coins is another question.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Conder101's Avatar
United States
17884 Posts
 Posted 08/08/2009  11:14 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
As mentioned the law is unclear in its intentions and can be interpreted both ways, once you reach a living president the program ends, or you skip over the living ones until all of the eligible ones have been honored and then it stops at that point. The question is, Which way is the government interpreting it?

I think the answer can be found on the Mint's website in their list of when each of the dollars is going to come out. The list ends at Ford. It used to end at Nixon. If they planed on skipping over the living presidents it would have listed Reagan after Nixon. Then when Ford died his name would have been inserted into the list and Reagan would have been moved back. Since Reagan is NOT on the list I would say the mint does not intend to skip over any living presidents.


Quote:
That wasn't the case for the Kennedy half, is this a new law for the President dollars

Yes the two year requirement was specifically written into the President dollar legislation and only applies to it.


Quote:
Because it takes an act of congress to change any coinage,

Only if the coin has been in production for less than 25 years. The Kennedy half needed legislation to impliment, but the Roosevelt dime could have been ordered by the Secretary of the Treasury without any legislation.


Quote:
It is a law now that no living person can be on a coin.

Not correct other than the President dollar, and the language in the State parks quarter legislation there is no law the forbids the use of a living person on a United States coin. In fact although the President dollar legislation requires thepresident to have been dead for two years, there is no such restriction on the first spouse coins. So it could be possible that we could get Mrs Carter, Mrs Reagan, or mrs Bush on a gold coin while they are still alive.
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poconopete's Avatar
United States
66 Posts
 Posted 08/09/2009  5:26 pm  Show Profile   Bookmark this reply Add poconopete to your friends list Get a Link to this Reply
I find all this discussion on the President Dollars very interesting. Thanks for the info!
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