The bill was introduced May 21st 1965 by Sen Alan Bible, D-Nevada. This is from
Quote:On May 21, 1965, Sen. Alan Bible, D-Nevada, introduced a bill that would have outlawed coin collecting. The bill cited the export, selling or purchase of coins as activities that would be made illegal with the passage of this bill. "Bona fide collectors' items" would be exempt from this.
The Treasury Department would publish a list of coins they considered numismatically desirable, and thus, legal to hold. Collectors of modern coins, or those who saved one date and mintmark of each series, disliked this bill, as they would not be allowed to hold such common coins as Franklin or
Kennedy half dollars,
Roosevelt dimes, and nearly all
Jefferson nickels. Technically, it would also be unlawful for a child to own a piggy bank, as it would be an accumulation in excess of what was needed for personal use. Exporting of coins would also be illegal, so a dealer in the United States could not fulfill orders to a collector in Canada, or Great Britain, or any other foreign country.
A group of 100 collectors and dealers formed the United Coin Collectors Alliance in June, with its purpose being to defeat the Bible bill. Chet Krause, publisher of
Numismatic News, served as the group's executive director of communications, and urged coin hobbyists to do whatever they could to prevent passage of the Bible bill.
It was S. 2036 of the 89th Congress 1st Session the title of the bill was "A bill to prohibit certain practices creating artificial shortages in the supply of coins in the United States" That's all I have at the moment
Posted 05/23/2011 07:14 am
Why 
