Oh boy. Caught this article about The Native American $1 Coin Act. What a mess.
In the final step before becoming a law, congress presented the president with H.R. 2358, Native American $1 Coin Act, for his signature. Introduced in the House of Representatives by Dale Kildee (D-MI 5th), and expected to be signed by the president, the bill calls for the reverse of the Sacagawea Dollar be redesigned every year to commemorate “of Native Americans and the important contributions made by Indian tribes and individual Native Americans to the development of the United States and the history of the United States.” The obverse will continue to have the Sacagawea design.
You know, this is pretty much “jump the shark” territory for coin series. After all, it’s not like there is any demand for the Sacagawea dollar coins now. Frankly, they haven’t even found a use for the original mintage from the year 2000.
The Presidential $1 Dollar Coins seem to have decent demand with collectors, but no one seems to be using these in circulation for obvious reasons – until the $1 Bill goes away, there’s just no reason to.
Creating new series of specialty faces on circulating coins is not a guaranteed winner… just ask the 10 people who actually cared about the 5 versions of the Nickel that went out in 2004-2006. Oh, did you miss that series? 🙂
The US is already dealing with:
- The end of the highly successful US State Quarter series, which finishes off in 2008 with the last five states. Of course, H.R. 392 would like to extend it to the District of Columbia and the five US territories (Puerto Rico, Guam, Samoa, Virgin Islands, Northern Mariana Islands).
- The next decade of US Presidential $1 Dollar Coins, at a rate of 4 per year, through 2016 at least.
- The next decade of US Presidential First Spouse gold coins, at a rate of 4 per year.
- The new 24K Gold Buffalo 0.9999 pure bullion coin.
- The 2009 Penny series to celebrate a century of the Lincoln cent.
So, my apologies to the US Congreesmen sponsoring HR 2358. You can count me out on any series based on the Sacagawea dollar.