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Replies: 44 / Views: 4,402 |
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Pillar of the Community
708 Posts |
I called the U.S. Mint today, just to ask what the fate of the quarters and dollar coin would be, as far as, once these dang multiple design programs finished, and do you know what he told me on the quarter? Well, first he told me he had to check, but then he told me that the U.S. Mint could start a WHOLE NEW PROGRAM if they wanted to, or they would go back to the eagle reverse of the past (which I was LARGELY hoping for, because I am SICK of all of these new designs) so I was just thinking, you gotta be kidding me, another possible quarter series program?! I told the guy that I can't even get all of the ATB Quarters, because I don't see them in my area, yet some people have told me they see them all the time, and he just said "Yeah, that's because some of them have lower mintage's than others" (So it seems there ain't much demand for the quarter right now, either) On the dollar coin program, well I asked him, about if the dollar would revert to one design after the Presidential series, OH! and I DID ask, if Jimmy Carter and George H.W. Bush die within two years of the time for their own dollar coin, would Bush senior push the program into 2017, and he said that, in theory, it would. Finally, I asked him if the Mint could try to get halves out to at least a few major store chains next year for the 50th anniversary of the Kennedy half, to try to promote the half dollar denominations, and he said "Well, we only mint those for collectors now" and I said I know, but I have read that there is at least a 10 year supply in the Mint's vaults" and he told me there wasn't and I told him "Well I occasionally get a LOT of halves from my local credit union with no problems" and he said "Well, maybe some of the banks still have large supplies of halves" (Maybe its the Federal Reserve that has the 10 year supply of halves) anyway, here is something I read about halves: "In recent years, half dollars have been minted only for collectors, due to large Federal Reserve and government inventories on hand of pre-2001 pieces, this mostly due to lack of demand and large quantity returns from casino slot machines that now operate "coinless". If and when the reserve supply runs low, the mint will again fill orders for circulation half dollars. It took about 18 years (1981â€"1999) for the large inventory stockpile of a similar low demand circulation coin, the $1 coin, to reach reserve levels low enough to again produce circulation pieces. Modern-date half dollars can be purchased in proof sets, mint sets, rolls, and bags from the U.S. Mint, and existing inventory circulation pieces can be ordered through most US banks. All collector issues since 2001 have had much lower mintages than in previous years. Although intended only for collectors, these post-2001 half dollars sometimes find their way into circulation." This was on that "Wikipedia" and I've been told to take anything on that site with a grain of salt, but if this information is true, then maybe they will mint halves again when they run low, just as the paragraph mentions the Susan B. Anthony dollar taking from 1981 to 1999 to be used up, before having to mint more, and itis stated that they WILL mint more when supplies run low, plus the guy I talked to kind of sounded like he was just guessing on these issues. But IF the inventory of Kennedy halves is low, perhaps we should all write in to the Mint telling them we want to see a new 2014 design Kennedy half for general circulation. Just like we should write to the Federal Reserve to get the redesigned $2 bills into circulation when they come out. Hey, if they're minting all of these new quarters and dollar coins that people don't seem to want, why not let the half enjoy the dim spotlight for a while as well, with its own series or mini-series?
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Bedrock of the Community
13014 Posts |
Fox if there is a reserve of halfs it is the Federal Reserve that has them.
There is a demand for quarters it just varies year to year. When he said lower mintage its still in the 100 million range which is low for them but by no means rare.
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Pillar of the Community
United States
592 Posts |
Fox,I really think your hope is getting the better of you on these issues. It would be really nice to see dollar (and two dollar) coins and half dollars circulating and the elimination of the dollar and two dollar bills, but just because we hope doesn't mean it will happen. Nor does talking to a vending machine company (which basically only talked about the dollar coin and avoided saying anything concrete about the half dollar) and to a random mint employee. Those aren't the people who will get this done. You need sway in Congress, and by that I mean you need Congresscritters in your pocket. Not in the vending machine industry's pocket (they've mostly converted the machines to accept dollar coins, and they're not really going to worry about halves), but your pocket. And you'll need to have a lot of money to catch 'em all.
Good luck.
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Pillar of the Community
United States
621 Posts |
It is my understanding that the quarters future is already decided as it was in the authorization legislation of the current program and its set to go to "Washington crossing the Delaware" when the current ones ends. unless they introduce legislation to overturn it. Unless I'm mistaken he is quite wrong when he says "the U.S. Mint could start a WHOLE NEW PROGRAM if they wanted to, or they would go back to the eagle reverse of the past " https://goccf.com/t/136983note conder101's post
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Valued Member
United States
317 Posts |
ATB all the way. And I cant wait for the 2015 presidential set, Truman, Ike, JFK and Johnson.
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Pillar of the Community
United States
899 Posts |
justin - the legislation for the state park quarters - does in fact authorize the mint to visit the park theme again after they finish all the quarters this go around - or to simply end the program and go back to pre 1999 Washington with the crossing the Delaware reverse as you indicated. I sincerely hope they do the later.
added:
`(7) PERIOD OF ISSUANCE- `(A) IN GENERAL- Subject to paragraph (2), the program established under this subsection shall continue in effect until a national site in each State has been honored. `(B) SECOND ROUND AT DISCRETION OF SECRETARY- `(i) DETERMINATION- The Secretary may make a determination before the end of the 9-year period beginning when the first quarter dollar is issued under this subsection to continue the period of issuance until a second national site in each State, the District of Columbia, and each territory referred to in this subsection has been honored with a design on a quarter dollar.
`(8) DESIGNS AFTER END OF PROGRAM- Upon the completion of the coin program under this subsection, the design onâ€" `(A) the obverse of the quarter dollar shall revert to the same design containing an image of President Washington in effect for the quarter dollar before the institution of the 50-State quarter dollar program; and `(B) notwithstanding the fourth sentence of subsection (d)(1), the reverse of the quarter dollar shall contain an image of General Washington crossing the Delaware River prior to the Battle of Trenton.
Edited by Doug58s 06/11/2013 07:43 am
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Pillar of the Community
United States
997 Posts |
There is enough halves circulating to satisfy consumer demand, no "stockpile" needed, just a few hundred cases being searched by roll hunters, returned to the bank, rerolled and sent out to the next hunter. Some casinos have a few thousand halves each for machines and a few thousand rolls running around banks for guys like us to enjoy.
No stockpile is needed since there is enough to go around. If the public doesn't want them they aren't going to keep making more than what is needed to sell.
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Pillar of the Community
United States
1817 Posts |
The halves are not going to make a comeback anytime soon, no amount of wishful thinking is gonna change that. Nearly two generations have gone without using them now, and if you think Americans are resistant to using the golden dollar (the paper version notwithstanding), the half with its larger and heavier dimension and half the buying power just won't cut it.
I admire your passionate zeal, Fox, for the $1 and $2 coin ideas, but the 50c coin is just unrealistic unless it in proportion to the size and the weight of the golden dollar, which would cause problems with the quarter. Which by the way, without the changing reverses of the ATBs/states, etc, people wouldn't be using ANY coins at all and transition to debit without bothering to use any small change. Looking for quarters at least keeps hope alive for the $1 coin and the eventual adoption of the $2 or $5 coin. If the reverses didn't change people would happily go to debit cards.
Edited by Bizybackson 06/11/2013 08:29 am
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Pillar of the Community
United States
2311 Posts |
Ever since the ATB's came out, I got around 10 of them. With marks and scratches. I would like to find them fresh without marks. Same thing for the dang 2009 Lincoln cents. Always got junky ones.
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Valued Member
United States
121 Posts |
Speaking of the halves. Do you realize if poor John Kennedy hadn't been assassinated, maybe we would still have Mr. Benjamin Franklin in our midst! Who knows? Can one imagine a 2013 proof Franklin nowadays? WoW! To think,we wouldn't have to search for "accented Hair" Franklins.
Edited by joeykoins 06/11/2013 11:55 am
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Bedrock of the Community
United States
17884 Posts |
And to answer your question about what happens after the President dollar series ends, the legislation directs that all the dollar coins will revert to the Sacagawea design. Since that has now become the NA series I would think they will intrepret that as being the "Sacagawea design". So the Presidents will end and the NA will continue. As for you question about George H W Bush and Carter, the legislation would continue the program through the production of the GHW Bush dollar in 2017 and then the series would end. None of the other presidents are likely to die before the end of 2016 so there would be very little chance of the program extending past 2017.
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Valued Member
United States
410 Posts |
I certainly hope the mint replaces the ATB Quarter program with other series. The 50 State Quarter program is what got me interested in collecting coins in the first place. I am a type collector so static designs give me very little to collect. I don't see any reason to collect coins if the design never changes.
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Bedrock of the Community
13014 Posts |
Condor I know I've asked this before but am drawing a blank on the answer, but did we ever figure out if they would skip presidents to make the ones for all that are eligible or would it end when it hit the first president still living?
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Moderator
 United States
187702 Posts |
Quote: Can one imagine a 2013 proof Franklin nowadays? WoW! To think,we wouldn't have to search for "accented Hair" Franklins.  Quote: Condor I know I've asked this before but am drawing a blank on the answer, but did we ever figure out if they would skip presidents to make the ones for all that are eligible or would it end when it hit the first president still living? The law is ambiguous and can be read two ways. Conder previously said... Quote: 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.
My take is that Reagan is not listed because Carter is not determined. Maybe assuming Carter will be skipped could be seen bad form. Here is my previous post... Quote:There is some ambiguity in the legislation that leaves things open to interpretation. One way can be interpreted to say that they will have to stop if Carter is still alive (or not been dead for two years); they would not be able to mint a Reagan coin. The wording in question is "issued in order". Quote: (2)(E) Limitation in series to deceased presidents.- No coin issued under this subsection may bear the image of a living former or current President, or of any deceased former President during the 2-year period following the date of the death of that President." Quote: (3)(A) Order of issuance.- The coins issued under this subsection commemorating Presidents of the United States shall be issued in the order of the period of service of each President, beginning with President George Washington. Once they skip a living president and issue the next eligible president, the order has been violated. If they issue a Regan coin one year, what becomes of Carter when he becomes eligible? It is not quite clear and it just might have to be interpreted if Carter were to live long enough. Here is the termination clause: Quote: (8) Termination of program.- The issuance of coins under this subsection shall terminate when each President has been so honored, subject to paragraph (2)(E), and may not be resumed except by an Act of Congress." I have always held that Congress will act, if necessary, to remove ambiguity and authorize a Reagan coin.
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Bedrock of the Community
13014 Posts |
Jbuck definitely agree its a touchy subject dealing with things that require someones death to make a coin. It almost feels weird to talk about it and can see why the mint may just want to deal with the for sure ones and cross that bridge when they get to it. I certainly do hope they skip over any living and do the ones that they can, if they dont though I'm not going to wish for anyones death to keep the series going.
I wonder if they may do some separate legislation to get the others included if they stop at the first living pres. I could see that happening for the Regan one at least.
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Moderator
 United States
187702 Posts |
I also envision a compromise. There could be legislation that will allow a Carter coin to be issued just before Reagan, regardless of Carter's status under the original program.
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Replies: 44 / Views: 4,402 |