In hidden vaults across the country, the US government is building a stockpile of $1 coins. The hoard has topped $1.1bn - imagine a stack of coins reaching almost seven times higher than the International Space Station - and the piles have grown so large the US Federal Reserve is running out of storage space.
Americans won't use the coins, preferring $1 notes. But the US keeps minting them anyway, and the Fed estimates ...
Full Article: Why the US keeps minting coins people hate and won't use - BBC News
The United States Mint and the Army and Air Force Exchange Service (AAFES) are teaming up to encourage regular use of $1 coins in everyday cash transactions at military exchanges.
Retailers at Fort Sam Houston, Texas; Fort Huachuca, Arizona; and Fort Carson, Peterson Air Force Base and the Air Force Academy in Colorado have been selected by AAFES to participate in a $1 coin launch initiative to begin on July 4.
The goal of the initiative is to expand $1 coin usage to all 1,703 AAFES locations throughout the country. Exchanges are retail stores located on military bases and facilities that serve active duty and retired members of the Armed Forced and their families. [click to continue…]
The Sacagawea dollar made a big splash in 2000 when it was first introduced. More than one billion were struck.
However, Americans being Americans, stuck to their habits and decided that the paper dollar was much easier to use.
Use of the $1 coin, new as it was, golden in color as it was, just didn’t cut it. It then pretty much went to sleep as the object of interest among a few collectors ...
Full Article: Do you collect Native American dollar? - Buzz with Dave Harper
In commenting on the Treasury Department's new, harder-to-counterfeit $100 bill, Lynette Long [letters, April 24] made a good point: In this era of supposed gender equality, not one of our seven currency denominations recognizes a woman's achievements ...
Full Article: Dollar coins recognize women, save money - The Washington Post
As political candidates or those already in office profess their positions on issues of the day, I'm amazed and amused at how often the Constitution slips into their monologues. I'd wager that a good number of these politicos have never even read the Constitution other than the preamble.
For instance, in Article I, Section 8 of the Constitution, a portion reads that Congress shall have the right: "To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures."...
Full Article: Stamps and coins: New golden dollar honors tribal lawmakers - sacbee.com
The Oneida Indian Nation is part of new American currency, a $1 coin with a Native American theme of "Government - the Great Tree of Peace."
This week, Oneida Nation Representative and CEO of Nation Enterprises Ray Halbritter and several members of the Nation’s council helped launch the new coin. The other members of the Oneida delegation from the council were ...
Full Article: Coin celebrates unity of Iroquois Confederacy - RomeSentinel.com
NEW YORK - The 2010 Native American $1 Coin made its official debut today at the Smithsonian Institution's National Museum of the American Indian George Gustav Heye Center in Manhattan's financial district.
United States Mint Director Ed Moy, joined by Heye Center Director John Haworth, introduced the Nation's newest circulating $1 coin at the event. Following the event, Moy and Haworth presented each child 18 years old and younger with a newly minted 2010 Native American $1 Coin, and adults exchanged paper currency for rolls of the new $1 coin. [click to continue…]
2010 Native American $1 Coin - Reverse Side (Click to Enlarge)
WASHINGTON -- The United States Mint will launch the 2010 Native American $1 Coin in New York City on Monday, Jan. 25, 2010, at 10:30 a.m. Eastern Time (ET).
United States Mint Director Ed Moy will join John Haworth, Director of the National Museum of the American Indian George Gustav Heye Center, to introduce the coin.
Authorized by Public Law 110-82, the United States Mint is minting and issuing $1 coins featuring reverse (tails side) designs that celebrate the important contributions made by Indian tribes and individual Native Americans to the history and development of the United States.
The designs will rotate each year. The reverse design for the 2010 Native American $1 Coin is based on the theme "Government—the Great Tree of Peace," recognizing the Native American ideals of equality and democratic self-government that influence Western political concepts. [click to continue…]
WASHINGTON - The United States Mint will open sales for rolls of 2010 Native American $1 Coins at noon Eastern Time (ET) on January 22, 2010.
The 25-coin rolls, priced at $35.95 each, contain circulating quality Native American $1 Coins from the United States Mint facilities at Philadelphia or Denver. The coins are presented in distinctive numismatic packaging bearing the genuine United States Mint logo, the year 2010, the mint mark of origin ("P" or "D") and the dollar value of its contents. [click to continue…]
