Sunday, October 11, 2009

1978 Congress coddles NO NADS with Susan B. Anthony Dollar

from a real sucess from our government, courtesy of my friends at PIGazette

Susan B. Anthony was the first woman to be honored by having her likeness appear on a circulating United States coin. In 1978, President Jimmy Carter signed the Susan B. Anthony Dollar Coin Act into law (Public Law 95-447). This law amended the Coinage Act of 1965, changing the size, weight, and design of the one-dollar coin. On July 2, 1979, the U. S. Mint officially released the Susan B. Anthony coin in Rochester, NY, the home of Susan B. Anthony during the most politically active years of her life. In 1979, 757,813,744 coins were produced. Additional coins were dated 1980, 1981 (numanistic items only), and 1999. Ultimately, the United States Mint produced 888,842,452 Susan B. Anthony coins for circulation.

In 1997, Congress passed the United States $1 Coin Act (Public Law 104-124, Sec. 4), replacing the Susan B. Anthony dollar with the golden dollar coin. The golden color of this new coin, combined with a smoother edge and wider border, helps to more easily differentiate it from a quarter. The act also authorized the Secretary of Treasury to continue to mint Susan B. Anthony coins until such time as the production of new golden coins was ready. In 1999, the final 41,368,000 Susan B. Anthony coins were minted. The coins continue in circulation today.

(All figures are provided by the United States Mint.)

i wonder how many vending machines got rich off this fiasco


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