2009 Sacagawea Dollars
The former Presidents of the Us are being honored on a new sequence of circulating commemorative greenback coins. The Presidential Dollar Program began in 2007 with the first 4 problems with the collection honoring George Washington, John Adams, Thomas Jefferson, and James Madison. The collection will continue until at the least 2016 honoring all the former deceased presidents. That is the third attempt by the United States Mint to provide a series of small measurement circulating greenback coins. The Mint first produced a small measurement dollar coin in 1979. The coin featured Susan B. Anthony, a famous determine within the women’s rights movement. The coins had been slightly bigger than a quarter dollar and metallic silver in color. The cash have been instantly unpopular with the public as a result of they could simply be mistaken for quarter greenback coins. The cash have been struck for circulation solely throughout 1979 and 1980. Particular points for collectors had been produced in 1981 and 1999.
The second try got here within the year 2000 with the Sacagawea Dollar. The US Mint specifically tried to handle the primary downside with the prior series. To overcome the similarity with the quarter dollar coin, the Mint used an alloy of manganese and brass. This gave the coins a singular golden color. The coins additionally featured a easy edge, versus the quarter’s reeded edge. Regardless of the enhancements coins nonetheless didn’t flow into widely. They were produced for circulation for 2 years in 2000 and 2001. From 2002 so far, the Sacagawea Dollar coins have been produced for special coin collector units only. The most recent sequence of dollar coins referred to as the Presidential [Dollars] appears to be an attempt to mimic the format of the popular State Quarter series. As a substitute of a single design, coins function a sequence of rotating designs. Four different obverse designs are launched annually featuring a unique United States President within the order served. The cash have the same composition and golden appearance because the prior Sacagawea Greenback series.
One unique characteristic of the Presidential Greenback collection is the incuse edge lettering. Every coin features the yr of mintage, mint mark, and mottoes “In God We Trust” and “E Pluribus Unum” impressed on the sting of every coin. The Sacagawea dollar coin of 2000 was unique in appearance. With its golden coloration it seemed like no other US circulating coin – however to no avail. It did not broadly circulate either. The paper dollar nonetheless dominated!
Now in 2007 we have the Presidential [Dollars] which will likely be struck for 4 totally different presidents annually till all presidents who have been useless for no less than [two] years have been honored. They’re the same golden color because the Sacagawea coin, and to date, these too have did not circulate. People love their paper dollars. And thus far, Congress has not critically thought-about retiring it. Even with the success of close by Canada in circulating a dollar coin, success eludes the US coin.
Why has Canada managed to tug this off? No extra Canadian paper [dollars], that’s why.
So, is the US Mint Director gnashing his enamel in frustration?
No, as a result of the dollar cash are still successful economically, from the mint’s perspective, even if none of them EVER circulated. This is because the mint spends a couple of cents to provide the dollar coin, however will get to carry the coin on its books at full face value. The distinction is called seniorage. It makes the stability sheet at the mint a healthy shade of black, and helps to offset the ugly purple numbers that come from making pennies and nickels!
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