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US Commemorative Coin Series: Quick Bits #44 - Senate Committee On Banking And Currency

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 Posted 01/16/2022  07:48 am Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message
I've made a number of "House Vs. Senate" posts recently that present the stories behind several 1930s commemorative half dollars whose original bills could have produced coin programs that would be headaches for collectors but, instead, became collector-friendly issues thanks to the policies of the Senate Committee on Banking and Currency.

The Committee developed a template to incorporate into generally all commemorative coin bills presented to it, regardless if they originated in the House or Senate. The template reflected the Committees's adopted legislative policies with respect to commemorative coins; the template specified that:

1) Coin issues shall be limited to one Mint facility to be selected by the Director of the Mint (vs. the coin's sponsor);
2) Not less than 5,000 coins shall be issued at any one time;
3) Coins shall have a single design;
4) Coins shall bear the date of the year in which they are authorized; and
5) Coins shall all be issued within one year from the date of enactment of their authorizing Act.

IMO, the Committee's legislative policy was a huge positive for a series that was suffering from the damaging impact of multi-year/multi-mint/micro-mintage issues that were driving more collectors away than they were encouraging new collectors.

Senate Committee on Banking and Currency - Thanks!

Here are links to the posts I referred to above:

- 1936 Albany, NY Charter 250th Anniversary
- 1936 Bridgeport, CT Centennial
- 1936 (1938) Delaware Tercentenary
- 1936 Elgin, IL Centennial
- 1936 Battle of Gettysburg 75th Anniversary
- 1936 Long Island Tercentenary
- 1936 Wisconsin Territorial Centennial
- 1938 New Rochelle, NY 250th Anniversary

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 01/19/2022  05:09 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Excellent summary commems - and hooray for the Senate committee. Without their 1930's oversight collectors of today would need a lot more classic commemorative to have a complete set of all date/mm combinations.
Take a look at my other hobby ...
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