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I Have Some Questions About The American Innovation Dollar Coins.

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United States
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 Posted 10/21/2018  6:33 pm Show Profile   Bookmark this topic Add Eraserman to your friends list Get a Link to this Message Number of Subscribers
I have read quite a few articles and some of them seem to contradict others.

https://www.coinworld.com/news/us-c...designs.html

In this article it says the following:

"The coins are to be released in the order each entity honored ratified the U.S. Constitution or entered the Union."

But in this article it says something different.

https://www.coinworld.com/news/us-c...program.html

"The American Innovation Dollar coins are to "be issued in alphabetic order of the State, the District or territory represented, starting with Alabama."

So which is it.

Also from the first article I linked.

The most vocal among the CCAC member was medals specialist Donald Scarinci, a New Jersey attorney.

So incensed was Scarinci with the quality of the proposed designs that he called on all Americans to boycott U.S. Mint products, saying he would not buy any numismatic product that featured any coins bearing the designs proposed.

While I think that boycotting them would be okay not all americans will be able to since we did not get to see the designs that were submitted.

Only the people on the committee got to do that.

So we ameicans have no way of knowing what the designs look like and so the government will put them out and we will buy them unknowingly.

And from the second article I linked.

This is probably the biggest screw up of the whole thing.

The 56-individual reverses are to be a designs that reflects "a significant innovation, an innovator or pioneer, [or] a group of innovators or pioneers" from the state, District of Columbia or U.S. territory honored. A provision in H.R. 6025 prohibits the use of any portrait or bust of any person living or dead.

How can you make a coin without using a portrait or bust.

A painting can be considered a portrait.

A photograph can be considered a portrait.

A sketch can be considered a portrait.

A drawing can be considered a portrait.

A statue can be considered a portrait.

Any likeness of anyone can be considered a portrait
Bedrock of the Community
United States
10284 Posts
 Posted 10/21/2018  6:59 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
It would be nice if they made no more than 100,000 each. There is already well over one billion dollar coins in government storage. If there is a certain significant innovation, an innovator or pioneer, a group of innovators or pioneers on a dollar coin that interests me, I might add one to my collection for the type set?
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commems's Avatar
United States
12258 Posts
 Posted 10/21/2018  7:01 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Per the Public Law that authorized the coins, "the coins shall be issued in the order in which the States ratified the Constitution of the United States or were admitted into the Union." The alphabetical order note is incorrect.

After all of the State dollars are issued, coins for the territories, etc. will be issued in the following order: "the District of Columbia and the territories in the following order: the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands."

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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commems's Avatar
United States
12258 Posts
 Posted 10/21/2018  7:05 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Regarding Scarinci and the availability of the coin designs for public viewing...the Coin World article you linked to has all of the designs Scarinci commented on - just click through the images at the top of the web page (click on the dots under the graphic). The comments were directed toward the single coin to be issued in 2018.

Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Alpha2814's Avatar
United States
2023 Posts
 Posted 10/21/2018  7:20 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
The "alphabetical" order was in the original version of the bill, as shown in the main thread where we're discussing these: http://goccf.com/t/289949 A later amendment changed the sequence to "admission" order.

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jbuck's Avatar
United States
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CelticKnot's Avatar
United States
12815 Posts
 Posted 10/23/2018  7:17 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
I've not felt more "meh" about a coin program in a long time.
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United States
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 Posted 10/26/2018  6:53 pm  Show Profile   Bookmark this reply Add Not Mint to Be to your friends list Get a Link to this Reply
My guess is that there is not going to be a big demand for any of them.
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 Posted 11/04/2018  9:08 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
A provision in H.R. 6025 prohibits the use of any portrait or bust of any person living or dead.

How can you make a coin without using a portrait or bust.

A painting can be considered a portrait.

A photograph can be considered a portrait.

A sketch can be considered a portrait.

A drawing can be considered a portrait.

A statue can be considered a portrait.

Any likeness of anyone can be considered a portrait

You're overthinking this. The key phrase is "of any person living or dead." Having people who have actually lived on the coin is simply prohibited.
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 Posted 02/04/2019  12:40 am  Show Profile   Bookmark this reply Add rayder to your friends list Get a Link to this Reply
Low demand right now = scarcity in the future? Are they going to climb in value over time?
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Alpha2814's Avatar
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 Posted 02/04/2019  12:58 am  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
A climb in value would require high demand in the future, which I don't see happening.
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 Posted 02/04/2019  05:58 am  Show Profile   Bookmark this reply Add bzookaj to your friends list Get a Link to this Reply

Quote:
The key phrase is "of any person living or dead." Having people who have actually lived on the coin is simply prohibited.

Exactly. There can't be a specific person's likeness on the coin. However, generic caricatures are allowed. Think of the Lowell quarter-- it represents a person on it, but not any specific person.
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 Posted 02/04/2019  09:43 am  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply

Quote:
Low demand right now = scarcity in the future? Are they going to climb in value over time?

Getting rid of the dollar bill would put more notice on dollar coins which would likely increase demand. At the same time, we're going more towards a cashless society. Coins are less of a part of people's lives, so I see coin collecting as a whole losing popularity. Look no further than proof set mintages to see the trend.
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 Posted 02/04/2019  10:15 am  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
ok, sorry for putting this on a tangent, but what about the Hawaii State Quarter, that has a statue depicting King Kamehameha, so how does that work?
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 Posted 02/04/2019  10:26 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply

Quote:
Low demand right now = scarcity in the future? Are they going to climb in value over time?


Recent history suggests the answer to both questions is "no".

I have two first release Sacagawea dollars, stuck by VIPs, with a total population estimated to be less than 1000. Paid less than $20 for each in original packaging.
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