The White House announced that President Bush signed H.R. 2358, the “Native Americans $1 Coin Act.” Now the law, it will require the US Mint to issue Sacagawea Dollars with new reverses in commemoration of Native Americans beginning in 2009.
Between the Presidential Dollar coins and the new Sacagawea reverse designs, these coins will continue to be a curiosity to the general public and another entry into collections while the $1 Federal Reserve Note continues to be printed. It is time for the United States to join the rest of the world and eliminate the paper-based unit currency to allow the less expensive coinage to take its place.
Although many understand and accept the reason for discontinuing the $1 note, it will not happen. I will explain why in a future posting.