The Presidential $1 Coin Program is a result of the Presidential $1 Coin Act of 2005. The law stipulates that coins with a monetary value of one dollar will be issued honoring the deceased presidents of
The new coins will be strikingly different in appearance than other commemorative coins. The photograph on the right illustrates the larger images placed in the center of the coin regulating the phrase “E Pluribus Unum” or the more familiar “In God We Trust” to the edges of the coin, a technique that US-Coin reveals has not been used since 1933. An image of the Statue of Liberty will be placed on the back. In addition to the distinctive look of the coins and scheduled releases, the program act requires that there be a national outreach program to publicize the release of the coins. A mailer sent out by the United States Mint confirms that the purpose for the introduction of the Presidential $1 Coin Program is to promote collection of the coins and stimulate interest in American history. The decision to initiate the Presidential Coin program is based on the Mint’s previous success with the 50 State Quarters Program. The Mint claims this program increased circulation and collection of quarters.
Despite the best wishes of the United States Mint to inspire national pride of the people, there still remains the fact that many individuals are opposed to a dollar coin. According to an article provided to Discover by Alan Burdick titled “The Math of…Pocket Change,” many people have a hard time accepting more coinage as part of their monetary transactions. In the article Burdick states that $10.5 billion in change simply sits around people’s homes. “80 percent of adults say they save loose change rather than try to spend it.” Even though this article was published in 2003, I believe that the information still holds true today. The government’s main point of advocacy for the introduction of the Presidential Coin Program is the 50 State Quarters Program. The original 50 State Program had been in progress for over four years at the release of the article, demonstrating that despite the governmental claims of success, the Quarters Program was not making a significant difference in the population’s increased use of coins. In 2003, the Coinstar National Currency Poll cited in Burdick’s article that, people were not treasuring their quarters by using them for legal tender, but instead to scratch off lottery tickets, for magic tricks, steady table legs, or makeshift tools.
It is not only citizens of
Jay Leno’s “Jay Walking” pieces have emphasized that