Posted on 02/20/2019 11:28:39 AM PST by SMGFan
Lawmakers want to honor the memory of President George H.W. Bush and his wife Barbara by putting their faces on a coin.
Senator Susan Collins of Maine introduced a bill authorizing the U.S. Treasury to mint one dollar coins featuring the former president and first lady.
(Excerpt) Read more at abc13.com ...
Another coin could have shown Vince Foster with a pistol positioned beside him in a way that never could have happened if he had,in fact,shot himself.
Don’t the Senators from Texas have more important things to do than this?
Voters to Senators: “Do the job we pay you to do or we will find someone who will”
The program’s end
The act specifies that for a former president to be honored, they must have been
deceased for at least two years before issue.[26][27] Hence, former presidents
Jimmy Carter, George H. W. Bush (now deceased), Bill Clinton, George W. Bush,
Barack Obama, and current President Donald Trump were ineligible to have a
dollar coin issued in their honor. The series ended in 2016, after honoring Ronald
Reagan, the last President who was eligible.
Since the program has terminated, producing coins for those presidents not yet
honored would require another Act of Congress.[28]
https://en.wikipedia.org/wiki/Presidential_$1_Coin_Program
Copper with manganese brass cladding:
88.5% Cu
6% Zn
3.5% Mn
2% Ni
So without intrinsic value
Stockpile and suspension of production
By 2011, 1.4 billion uncirculated $1 coins were stockpiled,[21] which, if stacked flat,
could reach from Los Angeles to Chicago. By 2016, this number might have reached two billion.[22]
Rep. Jackie Speier of California circulated a “Dear Colleague” letter recommending
that the U.S. not produce any dollar coins. She was planning to introduce legislation
calling for the immediate halting of all dollar coin programs.[23]
The United States Government Accountability Office has stated that discontinuing the
dollar bill in favor of the dollar coin would save the U.S. government about $5.5
billion over 30 years.[24]
On December 13, 2011, Vice President Joe Biden and Treasury Secretary Timothy Geithner
announced that the minting of Presidential $1 coins for circulation would be
suspended.[21] Future entries in the program, beginning with those of Chester A. Arthur,
would be issued in reduced quantities, only for collectors.[25]
https://en.wikipedia.org/wiki/Presidential_$1_Coin_Program
There is a reason you don’t see junk copper lying around.
Exactly.
Not just No, but Hell No. Next it will be Obama.
Sorry, I think this one is more apropos:
great idea!
and replace “In God We Trust” with “New World Order” while you’re at it.
Cruz has nothing better to do? Or Collins for that matter?
I always was wary of Cruzs links to the Bushs... now this proves my fears.
Tell me Ted, why should I admire this New World Order SoB?
Still not worth the denomination. I know that scrap has value
No. I reject any politicans on any U.S. currency beyond the age of the founders.
Why dont these two numbskulls get busy. Build the wall
No thank you
“Still not worth the denomination. I know that scrap has value”
It is worth at least its denomination.
It's time to go back to female or Indian depictions of Liberty.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.