Did someone say something about a square con?

NOTE: The title is NOT a typographical error. It is a commentary raised by the discussion, below.

With the flurry of legislative action last month, the only bill that I commented on was the American Innovation $1 Coin Act (Public Law No: 115-197) because it was the only one that is the law. The others were just introduced and may not be passed out of committee.

But that has not prevented speculation and discussion about the potential for these potential commemorative coins. Based on the email buzz, the two bills of interest are the Integration of Baseball Commemorative Coin Act (S. 3283 and H.R. 6469) and the Carson City Mint 150th Anniversary Commemorative Coin Act (H.R. 6221).

Reverse design of the 2014 Baseball Hall of Fame commemorative (Image courtesy of the U.S. Mint)

Regarding the Integration of Baseball Commemorative Coin Act, someone decided that the coins would be square and that has infested the numismatic media. This is not what the bill requires. In fact, the bill says that the “design on the common reverse of the coins minted under this Act shall depict a baseball diamond similar to those used by Major League Baseball.”

For those commentators who cannot read simple English, it says that the design “shall depict a baseball diamond.” Nowhere in that sentence does it say that the coins have to be shaped like the baseball diamond. A depiction and the shape of a coin are two different concepts.

Trying to understand where the idea that the coins would be square, a review of the official statement issued by Sens. Tim Scott (R-SC), Cory Booker (D-NJ), and Rep. Roger Williams (R-TX) as co-sponsors does not mention the shape of the coin.

What might have confused the issue was a report in The Hill that former Montreal Expos and Chicago Cubs legend Andre “The Hawk” Dawson talked about the coin minted in the shape of home plate. While Dawson was a great ballplayer and earned his place in the Baseball Hall of Fame, he is not a member of Congress and, apparently, did not read the bill.

The commentary about the shape does not take into consideration what the bill actually says. Aside from talking about it like it will be the law, it does not take into consideration that the bill is now in committee with less than 90-days to go until the mid-term elections. Without turning this into a political analysis blog post, there will be contention regardless of the outcome of the election. With the late introduction of this bill and the current political environment, the likelihood of this bill passing both chambers before the end of the session is highly unlikely.

Carson City Mint (1866)

A correspondent asked “Wouldn’t it be cool if the Carson City commemorative coins were struck in Carson City?” It does not matter if it is a good idea or not unless Congress changes the law, specifically 31 U.S. Code § 5131 that defines where the branches of the U.S. Mint are located, Carson City is not authorized to strike coins. Unless Carson City is added to that list, even temporarily, the U.S. Mint cannot strike any coins in Carson City. Further, the building that was once a branch mint is no longer owned by the Federal Government. Ownership was transferred to the State of Nevada that runs it as part of the Nevada State Museum.

Even though the first press used in Carson City is located in the museum, it may not meet the specifications that are required of the U.S. Mint to strike modern commemorative coins. And both the press and building are not owned by the United State government, a fact that would make those who provide oversight of the U.S. Mint’s operations a bit nervous.

While these “what if” questions might make good parlour or message board discussions, allegedly responsible industry journalists and pundits should know better.

July 2018 Numismatic Legislation Review

Augustus Saint-Gaudens National Historic Site
(Image courtesy of the National Parks Service)

July has been a big month for numismatic-related legislation for the 115th Congress. Aside from passing the American Innovation $1 Coin Act (Public Law 115-197), the Saint-Gaudens National Historical Park Redesignation Act (H.R. 965) and a technical change to the American Legion 100th Anniversary Commemorative Coin Act (Section 3. in S. 1182) moves closer to passage.

The Saint-Gaudens National Historical Park Redesignation Act does not add a commemorative coin program but it changes the designation for the Saint-Gaudens National Historic Site in New Hampshire to be the “Saint-Gaudens National Historical Park.” The change is significant in that it changes the funding for the staffing and maintenance of the site. It also will keep the site accessible for tourism.

Augustus Saint-Gaudens is known as the artist who co-conspired with President Theodore Roosevelt in his “pet crime” to redesign United States coinage. Before his death in 1907, Saint-Gaudens provided the design for the $20 Double Eagle and $10 Eagle gold coinage.

Saint-Gaudens’ legacy continued after his death by his students Adolph A. Weinman, designer of the Walking Liberty half-dollar and Mercury dime, and James Earle Fraser, designer of the Buffalo Nickel.

As for the American Legion 100th Anniversary Commemorative Coin Act, the commemorative program was passed in September 2017 and signed by the president in October 2018 (Public Law No: 115-65). This bill has a few minor technical changes that will not change the program as originally passed.

For once, it was a busy month for numismatic-related legislation watchers. maybe congress is trying to show their constituents that they have a record of doing something.

H.R. 770: American Innovation $1 Coin Act
Sponsor: Rep. James A. Himes (D-CT)
Introduced: January 31, 2017
Summary: (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue “American Innovation” $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia. Treasury shall issue four coins per year, in alphabetical order by jurisdiction, until a coin has been issued for each jurisdiction. Treasury may mint and issue a $1 coin in 2018 to introduce the series. Neither the bust of any person nor the portrait of any living person may be included in the design of the coins.The bill instructs Interior to continue to mint and issue $1 coins honoring Native Americans and their contributions.
Became Public Law No: 115-197. — Jul 20, 2018
Signed by President. — Jul 20, 2018
Presented to President. — Jul 10, 2018
Motion to reconsider laid on the table Agreed to without objection. — Jun 27, 2018
On motion that the House agree to the Senate amendment Agreed to without objection. (text as House agreed to Senate amendment: CR H5786-5787) — Jun 27, 2018
Mr. Hensarling asked unanimous consent to take from the Speaker’s table and agree to the Senate amendment. — Jun 27, 2018
Message on Senate action sent to the House. — Jun 21, 2018
Passed Senate with an amendment by Voice Vote. — Jun 20, 2018
Measure laid before Senate by unanimous consent. — Jun 20, 2018
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. — Jun 20, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 17, 2018
Motion to reconsider laid on the table Agreed to without objection. — Jan 16, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. — Jan 16, 2018
DEBATE – The House proceeded with forty minutes of debate on H.R. 770. — Jan 16, 2018
Considered under suspension of the rules. — Jan 16, 2018
Mr. Duffy moved to suspend the rules and pass the bill, as amended. — Jan 16, 2018
Referred to the House Committee on Financial Services. — Jan 31, 2017
This law can be viewed at http://bit.ly/115-HR770.

H.R. 965: Saint-Gaudens National Historical Park Redesignation Act
Sponsor: Rep. Ann M. Kuster (D-NH)
Introduced: February 7, 2017
Summary: (Sec. 2) This bill redesignates the Saint-Gaudens National Historic Site, in New Hampshire, as the "Saint-Gaudens National Historical Park."
Placed on Senate Legislative Calendar under General Orders. Calendar No. 512. — Jul 12, 2018
Committee on Energy and Natural Resources. Reported by Senator Murkowski without amendment. With written report No. 115-299. — Jul 12, 2018
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably. — May 17, 2018
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources. — Oct 3, 2017
Motion to reconsider laid on the table Agreed to without objection. — Oct 2, 2017
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 401 – 0 (Roll no. 545). — Oct 2, 2017
Considered as unfinished business. — Oct 2, 2017
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. — Oct 2, 2017
DEBATE – The House proceeded with forty minutes of debate on H.R. 965. — Oct 2, 2017
Considered under suspension of the rules. — Oct 2, 2017
Mr. Thompson (PA) moved to suspend the rules and pass the bill, as amended. — Oct 2, 2017
Placed on the Union Calendar, Calendar No. 197. — Aug 25, 2017
Reported (Amended) by the Committee on Natural Resources. H. Rept. 115-277. — Aug 25, 2017
Referred to the House Committee on Natural Resources. — Feb 7, 2017
This bill can be tracked at http://bit.ly/115-HR956.

S. 3239: Integration of Baseball Commemorative Coin Act
Sponsor: Sen. Tim Scott (R-SC)
Introduced: July 18, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jul 18, 2018
This bill can be tracked at http://bit.ly/115-S3239.

H.R. 6469: To require the Secretary of the Treasury to mint commemorative coins in recognition of the 75th anniversary of the integration of baseball.
Sponsor: Rep. Roger Williams (R-TX)
Introduced: July 23, 2018
Referred to the House Committee on Financial Services. — Jul 23, 2018
This bill can be tracked at http://bit.ly/115-HR6469.

S. 1182: National Flood Insurance Program Extension Act of 2018
Sponsor: Sen. Todd C. Young (R-IN)
Introduced: May 18, 2017
Summary: (Sec. 2) This bill amends the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program through November 30, 2018.
Motion by Senator McConnell to refer to Senate Committee on Banking, Housing, and Urban Affairs the House message to accompany S. 1182 with instructions to report back forthwith with the following amendment (SA 3630) made in Senate. — Jul 26, 2018
Motion by Senator McConnell to concur in the House amendment to the text of S. 1182 with an amendment (SA 3628) made in Senate. — Jul 26, 2018
Cloture motion on the motion to concur in the House amendments to S. 1182 presented in Senate. — Jul 26, 2018
Motion by Senator McConnell to concur in the House amendments to S. 1182 made in Senate. — Jul 26, 2018
Measure laid before Senate by unanimous consent. — Jul 26, 2018
The title of the measure was amended. Agreed to without objection. — Jul 25, 2018
Motion to reconsider laid on the table Agreed to without objection. — Jul 25, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 366 – 52 (Roll no. 373). — Jul 25, 2018
Considered as unfinished business. — Jul 25, 2018
Message on House action received in Senate and at desk: House amendments to Senate bill. — Jul 25, 2018
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. — Jul 24, 2018
DEBATE – The House proceeded with forty minutes of debate on S. 1182. — Jul 24, 2018
Considered under suspension of the rules. — Jul 24, 2018
Mr. Hensarling moved to suspend the rules and pass the bill, as amended. — Jul 24, 2018
Held at the desk. — Aug 4, 2017
Received in the House. — Aug 4, 2017
Message on Senate action sent to the House. — Aug 4, 2017
Passed Senate with an amendment by Voice Vote. — Aug 3, 2017
Measure laid before Senate by unanimous consent. — Aug 3, 2017
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. — Aug 3, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — May 18, 2017
This bill can be tracked at http://bit.ly/115-S1182.

H.R. 6635: To require the Secretary of the Treasury to mint coins in commemoration of the centennial of the establishment of the Tomb of the Unknown Soldier.
Sponsor: Rep. Brad R. Wenstrup (R-OH)
Introduced: July 26, 2018
Referred to the House Committee on Financial Services. — Jul 26, 2018
This bill can be tracked at http://bit.ly/115-HR6635.

In for 14 years of Dollars

On July 20, 2018, the president signed the American Innovation $1 Coin Act to become Public Law No. 115-197.

Beginning in 2019, there will be four dollar coins issued where the obverse will be “a likeness of the Statue of Liberty extending to the rim of the coin and large enough to provide a dramatic representation of Liberty.” The reverse will be emblematic of an innovation, innovator, or a group of innovators significant to that state or territory. The dollar coins will use the same Manganese-Brass composition as all dollar coins struck since 2000 with the edge lettering consisting of the year, mintmark, and the national motto E PLURIBUS UNUM.

The American Innovation $1 Coin will be issued in the same order as the 50 State Quarter Program, the order the states entered the union, followed by the District of Columbia and U.S. Territories.

The order will be as follows:

2019
  • Delaware
  • Pennsylvania
  • New Jersey
  • Georgia
2020
  • Connecticut
  • Massachusetts
  • Maryland
  • South Carolina
2021
  • New Hampshire
  • Virginia
  • New York
  • North Carolina
2022
  • Rhode Island
  • Vermont
  • Kentucky
  • Tennessee
2023
  • Ohio
  • Louisiana
  • Indiana
  • Mississippi
2024
  • Illinois
  • Alabama
  • Maine
  • Missouri
2025
  • Arkansas
  • Michigan
  • Florida
  • Texas

2026
  • Iowa
  • Wisconsin
  • California
  • Minnesota
2027
  • Oregon
  • Kansas
  • West Virginia
  • Nevada
2028
  • Nebraska
  • Colorado
  • North Dakota
  • South Dakota
2029
  • Montana
  • Washington
  • Idaho
  • Wyoming
2030
  • Utah
  • Oklahoma
  • New Mexico
  • Arizona
2031
  • Alaska
  • Hawaii
  • District of Columbia
  • The Commonwealth of Puerto Rico
2032
  • Guam
  • American Samoa
  • The U.S. Virgin Islands
  • The Northern Mariana Islands

Happy collecting!

Weekly World Numismatic News for July 22, 2018

Winning design for the obverse of the 2014 Baseball Hall of Fame commemorative. (Image courtesy of the U.S. Mint)

The National Baseball Hall of Fame, who pushed for the 2014 National Baseball Hall of Fame Commemorative Coin Program, announced on Wednesday that they have partnered with members of Congress to create a commemorative coin program honoring the 75th anniversary of the integration of baseball in 2022.

On April 15, 1947, Jackie Robinson debuted for the National League’s Brooklyn Dodgers and on July 5, 1947, Larry Doby integrated the American League with the Cleveland Indians.

This past week, Senators Time Scott (R-SC) and Cory Booker (D-NJ) introduced the bill (S. 3239) in the Senate on behalf of the National Baseball Hall of Fame. Next week, Representatives Roger Williams (R-TX) and Cedric Richmond (D-LA) will likely introduce a similar bill in the House of Representatives.

S. 3239: A bill to require the Secretary of the Treasury to mint commemorative coins in recognition of the 75th anniversary of the integration of baseball.
Sponsor: Sen. Tim Scott (R-SC)
Introduced: July 18, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jul 18, 2018
This bill can be tracked at http://bit.ly/115-S3239.

To keep with the theme of making something different, such as the 2014 coins being curved, the bill calls of the new commemorative to be square and the common reverse to resemble a baseball diamond. This should be somewhat easy to accomplish since a real baseball diamond is nothing more than a square tilting on its corner.

For the obverse of the coin, the U.S. Mint is supposed to hold an open competition for artists to provide their suggestion for a design “emblematic of the integration of the game of baseball”

There will be the usual three-coin program consisting of no more than 50,000 $5 gold coins, 500,000 silver dollars, and 750,000 clad half-dollars. Surcharges received from the sale of the coins will benefit the National Baseball Hall of Fame and Museum and the Jackie Robinson Foundation.

And now the news…

 July 15, 2018

The oldest coins in the find were minted during the reign of Hadrian (117-138 AD); the youngest come from the last years of the reign of Septimius Severus (beginning of the 3rd century AD). "All coins were found very close to each other in the Roman fort Apsaros" – told PAP Dr. → Read more at scienceinpoland.pap.pl


 July 18, 2018

In the town of Clayton, no good deed goes unnoticed. → Read more at wral.com


 July 18, 2018

ONE of the “finest known” examples of Australia’s earliest coin is expected to fetch more than $300,000 when it goes up for auction in Sydney next week. → Read more at news.com.au


 July 19, 2018

A wreck involving an armored car left coins strewn across Interstate 40 in Tennessee, police said. → Read more at tennessean.com


 July 19, 2018

The U.S. could issue commemorative coins on the 75th anniversary of Robinson breaking baseball's color barrier with the Dodgers. → Read more at latimes.com


 July 20, 2018

SCRANTON — When churchgoers drop their loose change into collection bins at St. Ann’s Monastery and Basilica, whether during the novena or on regular worship days, items other than U.S. currency sometimes gets mixed in. → Read more at thetimes-tribune.com


 July 20, 2018

Police in Berlin have seized 77 apartments, homes and pieces of land belonging to the Remmo family as they charged 16 members with money laundering over the gold coin heist. → Read more at dailymail.co.uk


 July 21, 2018

Friday demonstrations of the Nevada State Museum’s historic Coin Press No. 1 have proven so popular this summer that museum officials are extending the program through Labor Day weekend → Read more at nevadaappeal.com

Coin Collectors News
news.coinsblog.ws

Missing an opportunity with changing coin design programs

Since the introduction of the 50 State Quarters Program, there have been several changing design series on circulating coinage. All of the programs have been created to honor and celebrate the nation’s history in some way. It started in 1999 with the issuance of the quarter honoring Delaware, the first state to ratify the Constitution granting it the designation of being the first state to enter the Union.

Since 1999, there has been the following coin series issued by the U.S. Mint:

  • 2009 Lincoln Bicentennial One Cent Program
  • Westward Journey Nickel Series™
  • 50 State Quarters Program
  • 2009 District of Columbia and U.S. Territories Quarters Program
  • America the Beautiful Quarters® Program
  • Native American $1 Coin
  • Presidential $1 Coins

Although none of these series produced rare coins with the exception of errors and varieties, such as the 2004 Wisconsin extra leaf quarter and the 2005 Minnesota quarter with an extra tree, the only excitement was the novelty generated in 1999 with the new series.

Soon, the American Innovation $1 Coin will join this list. When the American Innovation $1 Coin Act (H.R. 770) finishes its procedural trek through Congress, it will be sent to the other end of Pennsylvania Avenue for the President’s signature. There is no indication that the President will veto this bill.

The 14-year program will honor “American innovation and significant innovation and pioneering efforts of individuals or groups from each of the 50 States, the District of Columbia, and the United States territories.” Four one-dollar coins will be issued each year and issued alongside the Native American Dollar.

Although there is a bias in the numismatic industry against modern coinage, there is a fun aspect of the changing coin designs. Aside from breaking up the monotony, there is an educational aspect that people should take advantage of, even if you have college degrees.

2015-W Native American Dollar Enhanced Uncirculated Reverse celebrating the Mohawk Iron Workers

For example, why did the 2015 Native American $1 Coin feature the Mohawk Ironworkers? In short, the Mohawks were literally the backbones for which heavy ironwork relied upon in both Canada and the United States. Amongst their accomplishments are some of the famous landmarks of New York City including the Empire State Building, the Chrysler Building, and work above the 80th floor on the World Trade Center twin towers.

Mohawk ironworkers were there following the attacks of September 11, 2001, to help clean up and rebuild the World Trade Center site. This is something I would not have known had they not appeared on the coin and asking why.

Regardless of the historical significance of these coins and the underappreciated beauty of the designs, the numismatic industry has not taken the opportunity to promote coin collecting using these changing programs. There is only one reason for the lack of interest from the community: ECONOMICS!

The American Numismatic Association is largely run by dealers who make their living by buying and selling rare coins and bullion. The trade in modern coinage, many items that anyone could find in pocket change, does not have a high rate of return. Therefore, most dealers are not interested.

Although dealers do have the right to earn a living the way they see fit, as part of the overall hobby, they tend to steer away from the modern coins and even downplay their significance to the hobby. This tends to perpetuate a myth that you cannot be a legitimate collector if you collect modern coins.

This attitude is a wasted opportunity for the industry. Aside from being an opportunity to promote the hobby but give people an outlet to learn something more than what they see on the cable news channels.

One of the problems with this program can also make it a positive is what will each of the states choose to represent innovation in their state or territory? Promoting numismatics as “history in your hand” can also be a lesson in history to help each state decide what to chose to best represent them on a coin. This is the best opportunity to use numismatics to promote the hobby and history by providing a conduit for discussion in each state.

What would constitute a state’s great innovation or innovator? Will New Jersey choose Thomas Edison? Will Alexander Graham Bell be Massachusetts’ choice? And what about Pennsylvania? There could be an interesting discussion about honoring Benjamin Franklin, George Westinghouse, or even Andrew Carnegie especially since neither of these men were born in the United States.

There will be a lot of innovation to chose from because there has been a lot of innovation during the country’s 242 years of existence. If you missed the announcement by the United States Patent and Trademark Office (USPTO), they issued the 10 millionth patent on Tuesday, June 19, 2018. And that does not count the patents issued before 1836 when the numbering system was reset by the Patent Act of 1836.

However, the most significant problem with the Innovation $1 Coin is that it is a one-dollar coin. As long as Congress continues to not listen to reason and stops issuing the paper dollar, it does not matter what they do with the coin, it is not going to generate enough interest because the coin will not circulate.

Regardless of how many Government Accountability Office (GAO) reports are issued (GAO-13-164T) or the number of experts that endorse the elimination of the paper dollar for the coin, Congress refuses to address the issue. They point to surveys that show that most of the people older than 50 are against removing the paper dollar. Since this population constitutes the majority of the voters and, more significantly, campaign donors, the politicians are not about to make those people upset.

In many cases, the Innovation $1 Coin will be a repeat of history. Its potential popularity will fail as Congress hopes to socially engineer excitement in the way they tried to do for the Presidential dollar coins. That was deemed a failure that forced then-Treasury Secretary Tim Geithner to order the U.S. Mint to reduce the production of these coins. This was after certain members of Congress showed its collective stupidy by introducing a bill to prematurely end the program.

There is so much potential for the Innovation $1 Coin to be a great program and to generate publicity for the hobby. But as long as the coin does not circulate and Congress refuses to deal with the situation appropriately, it will be a coin that only existing collectors will take interest in and become a lost opportunity for everyone.

June 2018 Numismatic Legislation Review

Sometimes watching specific legislation to make its way through Congress is like watching paint dry. We know the paint will eventually dry but it takes a lot longer than we have time to wait. With the exception of bills that are proposing useful things like eliminating the paper dollar for a coin, there is no point to check daily.

But that is what I do. I wrote a program to download the bill information produced by the Government Printing Office on behalf of the Congress and store it in a database so that it can be reported here. This process does not become interesting until something happens.

The last two weeks in June looks like it was the equivalent of a wild ride. First, the American Innovation $1 Coin Act (H.R. 770) appeared on the agenda in the House of Representatives where the only “debate” was Rep. Jim Himes (D-CT), the bill’s sponsor, and the day’s floor manager, Rep. Sean Duffy (R-OH) speaking in favor of passage. Then it followed the regular course of passage by the House, passage by the Senate with a change, followed by the House agreeing with the amendment. Next month it should be signed into law by the President.

Paul Laurence Dunbar, circa 1890

In the middle of this two new commemorative coin bills were introduced. First, Del. Eleanor Holmes Norton (D-DC) introduced a bill for a commemorative coin program in recognition of Paul Laurence Dunbar.

Paul Laurence Dunbar (1872-1906) was an American poet, novelist, and playwright. Dunbar was very popular in his day whose work was known for its colorful language and conversational tone that made his work seem lyrical. Dunbar, who was born in Dayton, Ohio as a child of former slaves, was famous for writing in the “Negro dialect” that was associated with the antebellum south.

Dunbar had briefly worked at the Library of Congress before resigning to concentrate on his writing. His home in the LeDroit Park neighborhood of Washington, DC still stands today. In 1904 he returned to Dayton to be with his ailing mother but ended up contracting tuberculosis and dying in 1906.

Carson City Mint (1866)

The day after Holmes Norton introduced her bill, Rep. Mark Amodei (R-NV) introduced a bill for a commemorative coin program to commemorate the 150th Anniversary of the Carson City Mint.

The Carson City Mint opened in 1870 primarily in response to the Comstock Lode. It started as an Assay Office in 1963 but did not gain Mint status until 1870. It was in operation from 1870-1885 and 1889-1893. It is the only branch of the U.S. Mint to have used a two-letter mint mark.

Today, the building is a branch of the Nevada State Museum.

Since the text of both bills has not been published, details of the programs are unknows except it is safe to assume that the Carson City 150th Anniversary commemorative coin program will occur in 2020.

H.R. 770: American Innovation $1 Coin Act
Sponsor: Rep. James A. Himes (D-CT)
Introduced: January 31, 2017
Summary: (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue “American Innovation” $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia. Treasury shall issue four coins per year, in alphabetical order by jurisdiction, until a coin has been issued for each jurisdiction. Treasury may mint and issue a $1 coin in 2018 to introduce the series. Neither the bust of any person nor the portrait of any living person may be included in the design of the coins.The bill instructs Interior to continue to mint and issue $1 coins honoring Native Americans and their contributions.
Motion to reconsider laid on the table Agreed to without objection. — Jun 27, 2018
On motion that the House agree to the Senate amendment Agreed to without objection. (text as House agreed to Senate amendment: CR H5786-5787) — Jun 27, 2018
Mr. Hensarling asked unanimous consent to take from the Speaker’s table and agree to the Senate amendment. — Jun 27, 2018
Message on Senate action sent to the House. — Jun 21, 2018
Passed Senate with an amendment by Voice Vote. — Jun 20, 2018
Measure laid before Senate by unanimous consent. — Jun 20, 2018
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. — Jun 20, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — Jan 17, 2018
Motion to reconsider laid on the table Agreed to without objection. — Jan 16, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. — Jan 16, 2018
DEBATE – The House proceeded with forty minutes of debate on H.R. 770. — Jan 16, 2018
Considered under suspension of the rules. — Jan 16, 2018
Mr. Duffy moved to suspend the rules and pass the bill, as amended. — Jan 16, 2018
Referred to the House Committee on Financial Services. — Jan 31, 2017
This bill can be tracked at http://bit.ly/115-HR770.

H.R. 6214: To require the Secretary of the Treasury to mint commemorative coins in recognition of Paul Laurence Dunbar.
Sponsor: Rep. Eleanor H. Norton (D-DC)
Introduced: June 25, 2018
Referred to the House Committee on Financial Services. — Jun 25, 2018
This bill can be tracked at http://bit.ly/115-HR6214.

H.R. 6221: To require the Secretary of the Treasury to mint coins in commemoration of the Carson City Mint 150th anniversary, and for other purposes.
Sponsor: Rep. Mark E. Amodei (R-NV)
Introduced: June 26, 2018
Referred to the House Committee on Financial Services. — Jun 26, 2018
This bill can be tracked at http://bit.ly/115-HR6221.
All images courtesy of Wikimedia Commons.

New Dollars are coming

Presidential $1 Coin Common Reverse

Yesterday, the House of Representatives agreed and passed the Senate’s amendment to American Innovation $1 Coin Act (H.R. 770) that changes the order of issue to be the same as that was used with the 50 State Quarters.

The next step is that the bill is engrossed, which means that it will be printed in its final form and signed by the Speaker of the House, Paul Ryan (R-WI), and the President Pro Tempore of the senate, Orrin Hatch (R-UT), certifying that the printed bill has been approved by both chambers of commerce.

Once signed, the bill is sent to the White House for the President’s signature.

If this bill was not on your radar, it requires the coins use the same Manganese-Brass composition as all dollar coins struck since 2000 with the edge lettering consisting of the year, mintmark, and the national motto E PLURIBUS UNUM. The obverse will be “a likeness of the Statue of Liberty extending to the rim of the coin and large enough to provide a dramatic representation of Liberty.” The reverse will be emblematic of an innovation, innovator, or a group of innovators significant to that state or territory.

If the president signs this bill, and there is no reason why he would veto this biil, then the program will begin in 2019.

Are you ready for a new dollar series

2018 Native American $1 Coin featuring Jim Thorpe

Anyone looking forward to a new dollar coin program can be happy that we are one step closer to one beginning in 2019.

On Wednesday, June 20, the Senate passed the American Innovation $1 Coin Act (H.R. 770) by a unanimous voice vote. However, since the bill was amended by the Senate, the bill has to go back to the House of Representatives to approve the amendment or it will have to go to a conference committee and back to each chamber for a vote.

The amendment changes the order of issuance from alphabetical order to the order that the state entered the union followed by the District of Columbia and the territories. This was the same order uses for the 50 State Quarters program.

If the House approves the amendment, it is sent to the President for his signature.

If signed, the 14-year program will honor “American innovation and significant innovation and pioneering efforts of individuals or groups from each of the 50 States, the District of Columbia, and the United States territories.” Four dollar coins will be issued each year and not circulate alongside the Native American Dollar coin.

The bill requires the coins use the same Manganese-Brass composition as all dollar coins struck since 2000 with the edge lettering consisting of the year, mintmark, and the national motto E PLURIBUS UNUM. The obverse will be “a likeness of the Statue of Liberty extending to the rim of the coin and large enough to provide a dramatic representation of Liberty.” The reverse will be emblematic of an innovation, innovator, or a group of innovators significant to that state or territory.

I wish I could get excited about this series but it will not even raise an eyebrow as long as it does not circulate. And the only way it will circulate is if Congress votes to eliminate the one-dollar Federal Reserve Note. Unfortunately, the likelihood of that happening is slim-to-none and Slim just left town!

May 2018 Numismatic Legislation Review

Augustus Saint-Gaudens National Historic Site
(Image courtesy of the National Parks Service)

Although it is not really a numismatic-related bill, the Saint-Gaudens National Historical Park Redesignation Act appears to be on track for passage in the Senate.

Essentially, the bill redesignates the Saint-Gaudens National Historic Site, Augustus Saint-Gaudens’ former home in New Hampshire, as the “Saint-Gaudens National Historical Park.” The change is significant in that it changes the funding for the staffing and maintenance of the site. It also will keep the site accessible for tourism.

Augustus Saint-Gaudens is known as the artist who co-conspired with President Theodore Roosevelt in his “pet crime” to redesign United States coinage. Before his death in 1907, Saint-Gaudens provided the design for the $20 Double Eagle and $10 Eagle gold coinage.

Saint-Gaudens’ legacy did continue after his death by his students Adolph A. Weinman, designer of the Walking Liberty half-dollar and Mercury dime, and James Earle Fraser, designer of the Buffalo Nickel.

S. 2863: National Law Enforcement Museum Commemorative Coin Act
Sponsor: Sen. Roy Blunt (R-MO)
Introduced: May 16, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. — May 16, 2018
This bill can be tracked at http://bit.ly/115-S2863.

H.R. 965: Saint-Gaudens National Historical Park Redesignation Act
Sponsor: Rep. Ann M. Kuster (D-NH)
Introduced: February 7, 2017
Summary: (Sec. 2) This bill redesignates the Saint-Gaudens National Historic Site, in New Hampshire, as the "Saint-Gaudens National Historical Park."
Referred to the House Committee on Natural Resources. — Feb 7, 2017
Placed on the Union Calendar, Calendar No. 197. — Aug 25, 2017
Reported (Amended) by the Committee on Natural Resources. H. Rept. 115-277. — Aug 25, 2017
Mr. Thompson (PA) moved to suspend the rules and pass the bill, as amended. — Oct 2, 2017
Considered under suspension of the rules. — Oct 2, 2017
DEBATE – The House proceeded with forty minutes of debate on H.R. 965. — Oct 2, 2017
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. — Oct 2, 2017
Considered as unfinished business. — Oct 2, 2017
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 401 – 0 (Roll no. 545). — Oct 2, 2017
Motion to reconsider laid on the table Agreed to without objection. — Oct 2, 2017
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources. — Oct 3, 2017
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably. — May 17, 2018
This bill can be tracked at http://bit.ly/115-HR956.

April 2018 Numismatic Legislation Review

The first of the month is when I usually report about the introduction or progress of numismatic-related legislation in congress for the previous month. For April 2018, there is nothing to report.

Thus far, the 115th Congress passed The American Legion 100th Anniversary Commemorative Coin Act (Pub. L. 115-68) which allows for a gold $5, silver dollar, and clad half-dollar coins to commemorate the American Legion in 2019.

There have been no authorizing laws passed for commemoratives after 2019.

Two bills have passed the House of Representatives and are waiting in committees in the Senate for action:

  • The Naismith Memorial Basketball Hall of Fame Commemorative Coin Act (H.R. 1235) would allow the minting of q gold $5, silver dollar, and clad half-dollar coins in honor of the 60th anniversary of the Hall of Fame in Springfield, Massachusetts.
  • The American Innovation $1 Coin Act (H.R. 770) would be a 14-year $1 coin program that would issue coins commemorating innovation and innovators representing each state, the District of Columbia, and U.S. territories.

Just because these bills passed in the House does not mean the Senate will do anything about them. Both can die in committee without any consideration.

So that the record is complete, here are the numismatic-related bills introduced in the House of Representatives waiting in committee:

  • Muhammad Ali Commemorative Coin Act (H.R. 579)
  • Duty First Act (H.R. 1582)
  • National Purple Heart Hall of Honor Commemorative Coin Act (H.R. 1683)
  • Cents and Sensibility Act (H.R. 2067)
  • Christa McAuliffe Commemorative Coin Act of 2017 (H.R. 2256)
  • Currency Optimization, Innovation, and National Savings Act of 2017 (H.R. 2299)
  • United States Coast Guard Commemorative Coin Act of 2017 (H.R. 2317)
  • President John F. Kennedy Commemorative Coin Act (H.R. 3274)
  • 75th Anniversary of the End of World War II Commemorative Coin Act (H.R. 4044)
  • Plymouth 400th Anniversary Commemorative Coin Act of 2017 (H.R. 4539)
  • National Law Enforcement Museum Commemorative Coin Act (H.R. 4732)
  • Women’s History and Nineteenth Amendment Centennial Quarter Dollar Coin Program Act (H.R. 5308)
  • To define the dollar as a fixed weight of gold. (H.R. 5404)

Not to be outdone, here is the list for the Senate:

  • Saint-Gaudens National Historical Park Redesignation Act (S. 312)
  • Currency Optimization, Innovation, and National Savings Act of 2017 (S. 759)
  • Duty First Act (S. 921)
  • United States Coast Guard Commemorative Coin Act of 2017 (S. 1021)
  • American Innovation $1 Coin Act (S. 1326)
  • Naismith Memorial Basketball Hall of Fame Commemorative Coin Act (S. 1503)
  • President John F. Kennedy Commemorative Coin Act (S. 1568)
  • Muhammad Ali Commemorative Coin Act (S. 166)
  • 75th Anniversary of the End of World War II Commemorative Coin Act (S. 1718)
  • Plymouth 400th Anniversary Commemorative Coin Act of 2017 (S. 2189)
  • American Innovation $1 Coin Act (S. 2399)

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