I am also very excited that New York's most famous resident and most powerful symbol, Lady Liberty, will grace the back of each coin."ĬOIN VALUES: See how much Presidential dollar coins are worth today The Presidential coins will teach history while generating revenue for the U.S.
Castle noted: "Just like the State quarter program that has been so successful, the Presidential dollar coins bill is a win-win proposition. The compromise legislation was signed into law (PL 109-145) on Dec. However, the Sacagawea dollar had its constituency in Congress and a compromise was forged that allowed the continued production of the Sacagawea dollar for collector sales. presidents on the obverse and the Statue of Liberty on the reverse. 18, 2005, that sought to redesign the Sacagawea dollar coin beginning in 2007 to feature images of U.S. Carolyn Maloney, D-N.Y., introduced legislation Feb. His idea was bolstered by a national survey and study conducted by the Government Accountability Office that indicated many Americans who did not seek or who rejected the Sacagawea dollar for use in commerce would actively seek a dollar coin if an attractive, educational rotating design were to be struck on the coin. He looked to the success of the 50 State quarter dollars program and began advocating a redesign of the dollar coin. Michael Castle, R-Del, was determined to find a way to obtain greater circulation. Given a choice, the public would choose the $1 note rather than a dollar coin.Īlthough studies suggested a dollar coin would save the government up to $500 million per year due to replacement costs (the coin would circulate up to 30 years and the paper equivalent would last between 14 and 18 months), practicality and habit still reigned. Within two years of introduction in 2000, it was evident the Sacagawea dollar would suffer the same fate as its predecessor, the Anthony dollar.
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