Cent legislation in the House

Robert · Senior Member

Per April 4's Coin World, H.R. 902, currently on the House floor, will do two things if passed into law:

1. Create a "Presidential" series of circulating dollar coins. Each year (beginning 2007) the coins will show 4 presidents per year.

2. Create 4 different reverses for the 200th anniv of Lincoln's birth (2009). Each rev will show some aspect of Abe's life. Not only that, but:
2a. the Mint will be asked to use the same alloy as it did in the 1909 cents, and
2b. the Mint will be asked to use the "original form and relief" of the 1909 cent.

smed · Senior Member

My opinions on 1 and 2 above:

2: sounds like a plan... 2a will never happen, hopefully 2b does.

1: NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO! NO!

Bob P · Site Admin

So Smed....do you really mean NO??

cladking · Member

The presidential coins are a mistake but the cent change is very cool. The cent won't survive to 2009 without some legislation. It costs far over a cent to make them already and with the price of copper forcing old coins from circulation there will be little desire to ramp up production.

If they do something then they'll probably keep the cent in the mint and proof sets so it will make it to 100 years.

coop · Expert Member

In order to force the one dollar coin, they should stop making $1.00 bills and make the dollar coin work. Till they do, they will be as popular as a booger. LOL

smed · Senior Member

Bob - Yes, we have no bananas.

Coop - I've been saying the same thing for years... not the booger part...

*LOL*

coppercoins · Site Admin

I, for one, would prefer they leave the coins alone as opposed to what they are doing to them. Nothing the mint has made in recent years is attractive as art. They'll have to solve their problem with lack of relief and then try minting something with artistic merit.

As for the dollar coins - I hope they don't honestly think this will help them circulate...any retard can guess that they HAVE to get rid of the $1 bill before a $1 coin will circulate. Doesn't matter if they stick naked women on them...they still won't circulate with the $1 bill out there.

cladking · Member

The dollar coin won't circulate until the banks start using them. Eliminating the $1 note may well be the only way to get the banks to issue the coin.

rollmeupabe · Veteran Member

Chuck, please don't recommend the naked women idea. The teller lines at the bank will be even longer. Besides, then we would have to search for double DD double dies.

smed · Senior Member

How about naked women bank tellers?

GarryN · Expert Member

Besides the big counterfeit Morgan story there was a very depressing story in the May 16 Coin World about legislation to create a Lincoln dollar commemorative, of all things, in 2009. My God, give me a break. Four varieties of cents and a dollar coin all in one year. There is no end to the pandering in Springfield, IL.

wavysteps2003 · Expert Member

If I remember correctly, the Lincoln Cent production was actually ahead of the game in the tune of $10,000,000. 00 a year. That is one of the reasons that those who are against the contuation of this coin are having a hard time getting rid of it.

Wavysteps2003

smed · Senior Member

coppercoins · Site Admin

There are between 9 and 13 billion cents produced annually these days. That would be $260 million.

I don't care what they do regarding the cent, take it or leave it....but they do need to get rid of the dollar note and move to coins for good.

smed · Senior Member

9-13 billion? That's ridiculous. That's 40 for every person in the country.