New Sac Designs In 2009

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The new coins will continue to depict Sacagawea and her child, but they will feature scenes on the reverse side, changed annually, commemorating the achievements of other Native Americans and Indian tribes.

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Jesus, when will the mint stop. I think the sac is fine how it is. If they want to change the reverse of it, ok, that's fine too. I'm getting sick and tired of them trying to make multiple looks of the same coin. It's insane. I know the government wants to get people into using dollar coinage versus paper bills, but I doubt this will cause a change. They've failed so many times with trying to get dollar coins in circulation.

The only way to get people to use the coin is to get rid of the paper.

Just what we need, another series to collect.

In my opinion, the primary reason for the changes in design is profit. There are exceptions(nickel, cent), but coins cost less to produce than face value. Every time someone takes a coin out of circulation the US Government makes a profit equal to the difference between production cost & face value. Even if, at some time in the distant future, these coins are redeemed the Government has still benefitted because they got a loan they didn't have to pay interest on.

The interest saved on the amount of money received from the Presidential dollars alone is significant. Of the 775 million minted I think it would be safe to say that 500 million of them are being hoarded(collected). At 5% interest thats a savings to the government every year of over $25 million. If the coins cost 25 cents to produce there is also an initial profit of 375 million.

I agree with others, the government will only get the gold dollars in circulation by forcing the issue and removing paper bills.

Fatcat

I find it interesting that nowhere in the article do they mention that the date mint IGWT and EPU will all be moving to the edge of the coin.

And Drycreek, you are correct about the Sacs having to be 1/3 of the total mintage, but that is under the current legislation. Under this new law they now only have to be 1/5.

If anyone is interested in reading the actual legislation

H.R.2358


One Hundred Tenth Congress

of the

United States of America

AT THE FIRST SESSION
Begun and held at the City of Washington on Thursday,

the fourth day of January, two thousand and seven

An Act

To require the Secretary of the Treasury to mint and issue coins in commemoration of Native Americans and the important contributions made by Indian tribes and individual Native Americans to the development of the United States and the history of the United States, and for other purposes.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Native American $1 Coin Act'.

SEC. 2. NATIVE AMERICAN $1 COIN PROGRAM.

Section 5112 of title 31, United States Code, is amended by adding at the end the following:

`(r) Redesign and Issuance of Circulating $1 Coins Honoring Native Americans and the Important Contributions Made by Indian Tribes and Individual Native Americans in United States History-

`(1) REDESIGN BEGINNING IN 2008-

`(A) IN GENERAL- Effective beginning January 1, 2008, notwithstanding subsection (d), in addition to the coins to be issued pursuant to subsection (n), and in accordance with this subsection, the Secretary shall mint and issue $1 coins that--

`(i) have as the designs on the obverse the so-called `Sacagawea design'; and

`(ii) have a design on the reverse selected in accordance with paragraph (2)(A), subject to paragraph (3)(A).

`(B) DELAYED DATE- If the date of the enactment of the Native American $1 Coin Act is after August 25, 2007, subparagraph (A) shall be applied by substituting `2009' for `2008'.

`(2) DESIGN REQUIREMENTS- The $1 coins issued in accordance with paragraph (1) shall meet the following design requirements:

`(A) COIN REVERSE- The design on the reverse shall bear--

`(i) images celebrating the important contributions made by Indian tribes and individual Native Americans to the development of the United States and the history of the United States;

`(ii) the inscription `$1'; and

`(iii) the inscription `United States of America'.

`(B) COIN OBVERSE- The design on the obverse shall--

`(i) be chosen by the Secretary, after consultation with the Commission of Fine Arts and review by the Citizens Coinage Advisory Committee; and

`(ii) contain the so-called `Sacagawea design' and the inscription `Liberty'.

`(C) EDGE-INCUSED INSCRIPTIONS-

`(i) IN GENERAL- The inscription of the year of minting and issuance of the coin and the inscriptions `E Pluribus Unum' and `In God We Trust' shall be edge-incused into the coin.

`(ii) PRESERVATION OF DISTINCTIVE EDGE- The edge-incusing of the inscriptions under clause (i) on coins issued under this subsection shall be done in a manner that preserves the distinctive edge of the coin so that the denomination of the coin is readily discernible, including by individuals who are blind or visually impaired.

`(D) REVERSE DESIGN SELECTION- The designs selected for the reverse of the coins described under this subsection--

`(i) shall be chosen by the Secretary after consultation with the Committee on Indian Affairs of the Senate, the Congressional Native American Caucus of the House of Representatives, the Commission of Fine Arts, and the National Congress of American Indians;

`(ii) shall be reviewed by the Citizens Coinage Advisory Committee;

`(iii) may depict individuals and events such as--

`(I) the creation of Cherokee written language;

`(II) the Iroquois Confederacy;

`(III) Wampanoag Chief Massasoit;

`(IV) the `Pueblo Revolt';

`(V) Olympian Jim Thorpe;

`(VI) Ely S. Parker, a general on the staff of General Ulysses S. Grant and later head of the Bureau of Indian Affairs; and

`(VII) code talkers who served the United States Armed Forces during World War I and World War II; and

`(iv) in the case of a design depicting the contribution of an individual Native American to the development of the United States and the history of the United States, shall not depict the individual in a size such that the coin could be considered to be a `2-headed' coin.

`(3) ISSUANCE OF COINS COMMEMORATING 1 NATIVE AMERICAN EVENT DURING EACH YEAR-

`(A) IN GENERAL- Each design for the reverse of the $1 coins issued during each year shall be emblematic of 1 important Native American or Native American contribution each year.

`(B) ISSUANCE PERIOD- Each $1 coin minted with a design on the reverse in accordance with this subsection for any year shall be issued during the 1-year period beginning on January 1 of that year and shall be available throughout the entire 1-year period.

`(C) ORDER OF ISSUANCE OF DESIGNS- Each coin issued under this subsection commemorating Native Americans and their contributions--

`(i) shall be issued, to the maximum extent practicable, in the chronological order in which the Native Americans lived or the events occurred, until the termination of the coin program described in subsection (n); and

`(ii) thereafter shall be issued in any order determined to be appropriate by the Secretary, after consultation with the Committee on Indian Affairs of the Senate, the Congressional Native American Caucus of the House of Representatives, and the National Congress of American Indians.

`(4) ISSUANCE OF NUMISMATIC COINS- The Secretary may mint and issue such number of $1 coins of each design selected under this subsection in uncirculated and proof qualities as the Secretary determines to be appropriate.

`(5) QUANTITY- The number of $1 coins minted and issued in a year with the Sacagawea-design on the obverse shall be not less than 20 percent of the total number of $1 coins minted and issued in such year.'.

SEC. 3. TECHNICAL AND CONFORMING AMENDMENTS.

Section 5112(n)(1) of title 31, United States Code, is amended--

(1) by striking the paragraph designation and heading and all that follows through `Notwithstanding subsection (d)' and inserting the following:

`(1) REDESIGN BEGINNING IN 2007- Notwithstanding subsection (d)';

(2) by striking subparagraph (B); and

(3) by redesignating clauses (i) and (ii) as subparagraphs (A) and (B), respectively, and indenting the subparagraphs appropriately.

SEC. 4. REMOVAL OF BARRIERS TO CIRCULATION OF $1 COIN.

(a) In General- In order to remove barriers to circulation, the Secretary of the Treasury shall carry out an aggressive, cost-effective, continuing campaign to encourage commercial enterprises to accept and dispense $1 coins that have as designs on the obverse the so-called `Sacagawea design'.

(b) Report- The Secretary of the Treasury shall submit to Congress an annual report on the success of the efforts described in subsection (a).

So at what point is the mint going to start picking up the pace and get the rest of the 2007 Sacagaweas minted? Through August they've made 840 million Presidential dollars and only 7 million Sacs. Looks like they need to get about 410,000,000 Sacs minted with in the next 5 months!