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Potential 14 Years Of Special American Inovation $1 Coins

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Foxwoods Man's Avatar
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4901 Posts
 Posted 09/20/2016  09:02 am Show Profile   Bookmark this topic Add Foxwoods Man to your friends list Get a Link to this Message Number of Subscribers
Now if we would only actually use them!!

From Coin News:


American Innovation $1 Coins Proposed

by Mike Unser on September 19, 2016 ·

Coin-Legislation-Capital-Building.jpgNewly introduced legislation is calling for a series of collector dollars to commemorate American Innovation.

Entitled the American Innovation $1 Coin Act, H.R. 6025 proposes a 14-year program of $1s with one issued for each of the 50 states, the District of Columbia, and the five United States territories of the Commonwealth of Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and Commonwealth of Northern Mariana Islands.

This latest program would follow the series of Presidential $1 Coins, which ends this year, and run concurrently with the program of Native American $1 Coins. Standard dollar coin compositions and inscriptions would be maintained.

The new coins would be issued at a rate of four per year, beginning in 2017 if economically feasible, and feature an obverse (heads side) that is symbolic of Liberty.

Reverses (tails side) would be emblematic of:

A significant innovation,
An innovator or pioneer, or
A group of innovators or pioneers.

A provision prohibits the use of any portrait or bust of any person living or dead.

The Secretary of the Treasury would select the innovation, innovator or pioneer, or group of innovators or pioneers to be honored after consultation with the Governor or other chief executive of the state, the District of Columbia, or territory. The Secretary would also choose the eventual designs after consulting with the heads of the sites, the Commission of Fine Arts and the Citizens Coinage Advisory Committee.

American Innovation $1 coins would be released in alphabetic order of the state, the District or territory represented, starting with Alabama. Collector qualities include proof and uncirculated, with their quantities set by the Secretary.

Rep. Jim Himes [D-CT] introduced H.R. 6025 on Sept. 14. For the legislation to become law, it must pass in the House, Senate and get signed by the President. The bill awaits action in the House Committee on Financial Services.
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jbuck's Avatar
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 Posted 09/20/2016  11:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Call me crazy, I like it.

Now, get rid of the ignorant one dollar note and let these circulate.
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trout1105's Avatar
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 Posted 09/20/2016  12:04 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
Call me crazy, I like it.


Be careful what you wish for as it might just come true, There were nearly a hundred different $1 coins issued in Australia last year and this year is about the same.

Many of the "Die hard" $1 collectors Myself included have quit collecting this denomination because of the "Overkill" of the sheer number of different coins and meaningless subject matter
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CelticKnot's Avatar
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12839 Posts
 Posted 09/20/2016  12:12 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
FYI there's already a thread for the American Innovation $1 Coin Act in the U.S. Moderns section. And while we know these mostly end up being NCLT, that's not their intent.


Quote:
Now, get rid of the ignorant one dollar note and let these circulate.

Yes!
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