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Replies: 16 / Views: 1,880 |
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New Member
United States
11 Posts |
Congress Keeps Sacagawea Coins Rolling for Collectors By CQ Staff Coin collectors can rest easy. President Bush on Friday signed into law a bill that will continue the minting of $1 Sacagawea coins in 2008, but only for numismatic purposes. No more will be produced for general circulation until next year. The legislation whizzed through Congress this week, as lawmakers scrambled to correct an error in a law enacted last year that calls for circulating new Sacagawea coins starting in January 2009 that will feature a regularly changing reverse celebrating different Native American themes. In drafting that law, the sponsors forgot to allow continued production of the existing coin in 2008, however. That meant that "many of the standard U.S. Mint products the coin-collecting public is expecting to order and receive this year, such as annual proof and uncirculated sets, will not include a 2008 Sacagawea dollar," warned Rep. Gwen Moore , D-Wis., in explaining the need for the new bill. The fix, she said, was important "for coin collectors nationwide and for the popularity of the Sacagawea dollar coin." Rep. Rob Bishop , R-Utah, joined in urging the bill's enactment. "It does not cost the taxpayers a dime, or in this case, it doesn't cost them a dollar," he said. Instead, he said, the new law will assure that collectors will have a chance to buy five million to 10 million U.S. Mint proof sets of the old Sacagawea coin design that otherwise would not be available. "Next year new dollar coins will start circulating alongside the Presidential dollars, still bearing the image of Sacagawea on the front but once a year having a different reverse design representing the contributions of Native Americans to our heritage," Bishop said. Edited by silvereagle1988 02/29/2008 11:21 pm
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Pillar of the Community
United States
4867 Posts |
I'm not even seeing the prez dollars circulate and I doubt I will see any Sac's circulating either.
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New Member
 United States
11 Posts |
It appears that we may see circulated Sacs again this year.
The new bill authorizes clause (i) of section 5112(n)(1)(B) of title 31, United States Code to continue to be in effect.
Section 5112(n)(1)(B) of title 31, United States Code reads:
(B) Continuity provisions.— (i) In general.— Notwithstanding subparagraph (A), the Secretary shall continue to mint and issue $1 coins which bear any design in effect before the issuance of coins as required under this subsection (including the so-called "Sacagawea-design" $1 coins). (ii) Circulation quantity.— Beginning January 1, 2007, and ending upon the termination of the program under paragraph (8), the Secretary annually shall mint and issue such "Sacagawea-design" $1 coins for circulation in quantities of no less than 1/3 of the total $1 coins minted and issued under this subsection."
The bill that President Bush just signed reads:
One Hundred Tenth Congress
of the
United States of America
AT THE SECOND SESSION
Begun and held at the City of Washington on Thursday, the third day of January, two thousand and eight
An Act
To provide for the continued minting and issuance of certain $1 coins in 2008.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That clause (i) of section 5112(n)(1)(B) of title 31, United States Code (as in effect on the day before the date of the enactment of Public Law 110-82) shall continue in effect, notwithstanding the amendment made by section 3 of Public Law 110-82, until the effective date of the amendment made by section 2 of such Public Law. Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.
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Valued Member
United States
392 Posts |
so will there be P and D sacs or just the S proofs?
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New Member
 United States
11 Posts |
True. All the above. The way I see it... The U.S. Mint has authorization to mint P, D and S mint and is required to mint Sacs in no less than 1/3 quantity of Presidential dollars for circulation. Anyone see different?
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Pillar of the Community
United States
749 Posts |
Thats great news on the continuing of the Sacs 
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Pillar of the Community
United States
2602 Posts |
I thought there was another law or amendment that suspended the "1/3 quantity of Presidential dollars" requirement for SACs. In other words, they would mint SACs, but not necessarily at the high mintages originally intended. Correct me if I'm wrong. I think this was discussed because the Presidential dollars are being minted in extraordinary numbers- I think it was 300,000,000 for 2007.
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Valued Member
United States
392 Posts |
300,000,000 and you can't find hardly any in curculation something dosnt sound right here
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Pillar of the Community
United States
4867 Posts |
I agree kceb10. These things just aren't getting out.
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New Member
 United States
11 Posts |
As stated earlier... The new bill authorizes clause (i) of section 5112(n)(1)(B) of title 31, United States Code to continue to be in effect. Translated this means that the 1/3 Sac vs Presidential dollars is now required for 2008. This will continue until 2009 when the Native American Act kicks in. The continuation of the 1/3 requirement is what President Bush just signed and overides other requirements.
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Pillar of the Community
United States
2589 Posts |
maybe we'll see some business strikes from sanfrancisco to keep up with the mintage figures or perhaps (gasp) even west point
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Pillar of the Community
United States
4867 Posts |
Now that is an interesting concept!
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New Member
United States
42 Posts |
Looks like the only way we'll start to really see dollar coins in numbers out there is trough the demise of the dollar bill. Even then, I bet the current supply of Susan B. Anthony, Sacagawea and Presidential dollar coins out there would be enough to replace all dollar bills various times over, even if they stopped minting the dollar coins today. I dunno. It just seems so crazy that these dollar coins are minted in such great numbers, though seemingly only a tiny percentage of people actually use them.
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Pillar of the Community
United States
6326 Posts |
So, for years now, the Sac. has "not" been minted for circulation. Only for "sets" and sold to collectors on the U.S. Mint's website(like the Kennedy half)........ In 2009 ...... IS THIS CHANGED ? It will now be a "circulated" coin like the Pres. Dollar ? I'm quite confused now. I know everything about the "new" Sac's.........just hadn't heard "that" particular piece of info about them being "circulated" like the Pres. coin.
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Moderator
 United States
187862 Posts |
Supposedly, yes, it is meant to be circulated. If only that same legislation removed the dollar bill from circulation. Otherwise, just a waste of time.
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Pillar of the Community
United States
6326 Posts |
So we'll all be able to get these rolls from our banks instead of having to order them through the Mint then ? I don't get the reasoning with this.......but I guess I'll be happy to get the rolls for even money instead of "Mint markup"...... I don't know ........ I think I'm getting the same "headache" that you had mentioned before JBuck ! Ha Ha
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Replies: 16 / Views: 1,880 |