Purple Gold

Sacagawea Golden Dollar Coin

The former Presidents of the Us are being honored on a brand new sequence of circulating commemorative dollar coins. The Presidential Greenback Program began in 2007 with the first 4 issues of the sequence honoring George Washington, John Adams, Thomas Jefferson, and James Madison. The collection will continue until at the least 2016 honoring the entire former deceased presidents. This is the third try by the United States Mint to provide a series of small size circulating dollar coins. The Mint first produced a small dimension greenback coin in 1979. The coin featured Susan B. Anthony, a well-known figure within the ladies’s rights movement. The coins had been slightly bigger than a quarter dollar and metallic silver in color. The cash have been instantly unpopular with the public because they may easily be mistaken for quarter dollar coins. The cash have been struck for circulation only throughout 1979 and 1980. Special issues for collectors were produced in 1981 and 1999.

The second try came within the 12 months 2000 with the Sacagawea Dollar. The US Mint specifically tried to address the main downside with the prior series. To overcome the similarity with the quarter dollar coin, the Mint used an alloy of manganese and brass. This gave the cash a novel golden color. The cash additionally featured a smooth edge, as opposed to the quarter’s reeded edge. Despite the enhancements cash still did not flow into widely. They had been produced for circulation for 2 years in 2000 and 2001. From 2002 thus far, the Sacagawea Dollar coins have been produced for particular coin collector units only. The newest collection of greenback coins referred to as the Presidential [Dollars] appears to be an try and mimic the format of the popular State Quarter series. As an alternative of a single design, cash feature a sequence of rotating designs. Four totally different obverse designs are launched every year featuring a different United States President in the order served. The cash have the same composition and golden appearance because the prior Sacagawea Dollar series.

One unique characteristic of the Presidential Dollar collection is the incuse edge lettering. Each coin options the 12 months of mintage, mint mark, and mottoes “In God We Trust” and “E Pluribus Unum” impressed on the edge of each coin. The Sacagawea dollar coin of 2000 was unique in appearance. With its golden shade it looked like no different US circulating coin – but to no avail. It did not extensively circulate either. The paper greenback nonetheless dominated!

Now in 2007 now we have the Presidential [Dollars] which will likely be struck for 4 different presidents every year until all presidents who have been useless for not less than [two] years have been honored. They’re the identical golden shade because the Sacagawea coin, and thus far, these too have did not circulate. People love their paper dollars. And to this point, Congress has not critically thought-about retiring it. Even with the success of nearby Canada in circulating a dollar coin, success eludes the US coin.

Why has Canada managed to drag this off? No more Canadian paper [dollars], that is why.

So, is the US Mint Director gnashing his tooth in frustration?

No, as a result of the dollar cash are nonetheless profitable economically, from the mint’s perspective, even if none of them EVER circulated. It is because the mint spends a couple of cents to provide the greenback coin, however gets to hold the coin on its books at full face value. The distinction is known as seniorage. It makes the stability sheet on the mint a healthy shade of black, and helps to offset the ugly purple numbers that come from making pennies and nickels!

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Purple Gold (The Tiger in Me) – LSU (Black and Yellow Remix)