Friday, August 13, 2010

The MoneyWalker finds a $1 Coin: The Presidential $1 Coin Act of 2005






Journal Entry: 8-13-10: Weight = 172.8 lbs, $10.35 coinage including a John Q. Adams $1.00 coin. Source for the large find was a nice run of “curb quarters” on the way to Canal Blvd. Car Wash. Jason’s boys had just dumped their vacuum canisters in a way that led to easy access of the loot. Of course it was handled stealthy at 6:30 a.m.

Feature Entry: The Presidential $1 Coin Act of 2005

Who knew? Starting in 2007, the United States Mint issued four Presidential $1 coins which featured Presidents Washington, Adams, Jefferson, and Madison. The Coin Act (PL 109-145) has as its purpose the revitalization of classic designs for US coins. Four presidents a year are being released in the order in which the Presidents served.

Until the MoneyWalker found the coin on this morning’s walk, the new coinage program had escaped me completely. The coin is striking, but one thing is disappointing. The coins use “edge-incused inscription” which means that the year of minting, the classic “E Pluribus Unum”, and “In God We Trust,” and the mint mark are on the edge rather that the face. Without a strong glass, the inscriptions can’t be read. Too bad!

There are other components of the act such as commemorative coins of the wives of the presidents. To read more:

http://www.usmint.gov/mint_programs/$1coin/?action=coinAct2005

Remember, it is not the coins but the calories!!

MoneyWalker

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