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 Replies: 30 / Views: 1,345 |
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New Member
United States
37 Posts |
Coin World Magazine article re: eliminating the so-called "gap year" in 2023 by commemorating NASCAR and the Endangered Species Act Quote:
NICAC officials recommend two specific themes for 2023: the 50th Anniversary of Passage of the Endangered Species Act and the 75th Anniversary of the Founding of the National Association for Stock Car/Auto Racing (NASCAR). The organization recommends that both programs be limited to silver dollars only, with a maximum of 300,000 pieces for each. The panel also recommends doubling the surcharges added to the price of each coin, from $10 to $20. Source: https://www.coinworld.com/news/us-c...tw-142691943 Edited by cptbilly
01/27/2023 2:42 pm
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Pillar of the Community
United States
8861 Posts |
A commemorative silver dollar for: - Endangered Species Act: Important legislation that has helped save animals and their habitats from extinction. The Bald Eagle comes immediately to mind.  - NASCAR: A privately-owned company with lucrative TV Deals that doesn't need a helping hand from coin collectors.  I still think a Boston Tea Party 250th Anniversary coin would be a good one! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
Edited by commems
01/27/2023 3:27 pm
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Bedrock of the Community
United States
11831 Posts |
 with commems on all points above. Endangered Species Act and Boston Tea Party should be shoo-ins.
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Pillar of the Community
United States
2722 Posts |
Imagining the Coin Collector depicted on the Endangered Species Act commemorative.
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Valued Member
United States
140 Posts |
Endangered Species Act, yes.
NASCAR, no way. Started watching in 1970 and quit several years ago when they started bungling everything up. As noted above, they definitely do not need the financial help.
Edited by Nycstlrr
01/27/2023 4:52 pm
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Valued Member
United States
294 Posts |
No commemorative coins in 2023, thank you very much.
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Pillar of the Community
United States
9822 Posts |
I don't pay much attention to modern commemorative issues - so can someone please explain the 2023 'gap year'.
Regardless of that - completely agree that NASCAR does not fit into my view of what we as a nation should be commemorating.
Take a look at my other hobby ... http://www.jk-dk.artToo many hobbies .... too much work .... not enough time. |
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Pillar of the Community
United States
8861 Posts |
Quote:
can someone please explain the 2023 'gap year'. Every year since 1986, under authorization from Congress - and approval by the President - the US Mint has struck at least one modern commemorative coin. Congress has not yet authorized a commemorative coin for 2023. If none are authorized, subsequently approved by the President and struck in 2023, it will be a "gap year" for the series. The only other "gap year" for the modern series occurred in 1985 when the series was just beginning.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
United States
8861 Posts |
Quote:
The panel also recommends doubling the surcharges added to the price of each coin, from $10 to $20. I disagree with this recommendation as well. I don't see a need to raise collector "donations" to the various coin sponsors going forward. If approved once, such an increase would likely become the new standard.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Valued Member
United States
483 Posts |
Surcharges are too high as is. Agree, no to nascar.
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Bedrock of the Community
United States
11831 Posts |
Quote:
Imagining the Coin Collector depicted on the Endangered Species Act commemorative.  Quote:
I don't see a need to raise collector "donations" to the various coin sponsors going forward. Nor do I. In fact, if they bump the "donation" to $20, along with the already high prices, I would almost certainly stop buying directly from the Mint and look for modern commemoratives on the secondary market a year or two after release (depending on the coin I suppose).
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Pillar of the Community
United States
530 Posts |
I only collect commemoratives that I find interesting or are a subject I like. I would be all over an endangered species collection. Maybe even a gold option.
Each coin could depict a species that is a "success story", though hopefully they'd avoid the eagle (already on too many coins).
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Moderator
United States
122612 Posts |
Quote:A commemorative silver dollar for: - Endangered Species Act: Important legislation that has helped save animals and their habitats from extinction. The Bald Eagle comes immediately to mind. - NASCAR: A privately-owned company with lucrative TV Deals that doesn't need a helping hand from coin collectors. I still think a Boston Tea Party 250th Anniversary coin would be a good one! I really hope we get something this year. 
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Pillar of the Community
United States
3764 Posts |
Well that's about as stupid as ... well until the next brilliant innovation from the US Mint/Congress... Commemoratives over the last years have struggled to sell enough coins to cover costs and return ANY Premiums to the organization being commemorated. You'll not find any news pictures of smiling mint officials handing over large checks... in fact, I haven't seen ANY accounting period. For 2021, Commemoratives were only $13.8M in sales: And only 163,000 items were sold.  Quoting from that same report: Quote:
COMMEMORATIVE COINS
Congress authorizes commemorative coins that celebrate and honor American people, places, events, and
institutions. Although these coins are legal tender, they are not minted for general circulation. Each commemorative
coin is produced by the Mint in limited quantity and is only available for a limited time. As well as commemorating
important aspects of American history and culture, these coins help raise money for important causes.
In FY 2021, two commemorative coin programs were released - the Christa McAuliffe Commemorative Coin
Program and the National Law Enforcement Memorial and Museum Commemorative Coin Program.
The 2021 Christa McAuliffe commemorative coins had revenue of $4.5 million with surcharges of $0.6 million
through September 30. This program runs through calendar year 2021, and final surcharges will be totaled
December 31. The surcharges are authorized to be paid to the First Robotics Program.
The 2021 National Law Enforcement Memorial and Museum Commemorative Coin program had revenue of $8.2
million with surcharges of $0.8 million through September 30. This program runs through calendar year 2021,
and final surcharges will be totaled December 31. The surcharges are authorized to be paid to the National Law
Enforcement Officers Memorial Fund Inc. There might be a few additional sales (the mint is on the October 1st fiscal year of the USG, but programs are calendar year). (I could dig up 4Q 2021 sales of the 8 coins and one multicoin product, but I honestly don't care). It's time to end commemorative coins. -----Burton 49 year / Life ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, OnLine Coin Club Owned by four cats and a wife of 39 years (joined 1983) PS: ANA's records are messed up, they show me as a 50-year member and I'm now Emeritus |
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Pillar of the Community
United States
3481 Posts |
Great Topic, Excellent Comments Too... Commens, Your Absolutely correct, Great Suggestion. Crispus Attucks would Agree !!! PS, Sure, Tax the Only People that Fully Support the Hobby, Speaks Volumes about Our Direction.......  People and Their Positions Again, dictating .......... |
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Moderator
United States
122612 Posts |
Quote:
It's time to end commemorative coins.  
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Replies: 30 / Views: 1,345 |
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Posted 01/27/2023 4:35 pm
