History of the $1 Coin
Mike Fuljenz is a vocal advocate of the $1 US coin. Production of these coins is cheaper than making $1 bills and would save the US Government billions of dollars. But the history of the in America has not been entirely positive, despite attempts to produce the coins in a way to appeal to the US consumer.
- Susan B Anthony Coin is first produced in 1979. The coin celebrated the Women’s Suffrage movement of the early 1900s. Americans widely rejected the coin as it was too easy to confuse it as a quarter.
- Sacagawea Dollar was made in 2000. The coin was produced with smooth edges to set it apart from other coins and prevent confusion with the quarter. The coin failed to catch on and the US Mint stopped producing after two years.
- Presidential $1 Coin Program: The US Mint began producing this $1 coin series in 2007. The series featured the faces of US Presidents and was developed after the success of the “50 State Quarters” program. Again the edges were made to set the coin apart from the ridges of the quarter. The coins featured the inscription “E Pluribus Unum,” the year of minting, and the mint mark. Errors in production resulted in some coins made without the special edges. These coins became instant collector’s items. Production errors on these coins were ultimately resolved. As the coins began rolling out with lesser known Presidents, demand and interest in the coin began to wane. In 2011, the Obama Administration ended production of these coins.
After each attempt to establish the circulation of the $1 coins, the coins were taken out of circulation and now sit in storage at the Federal Reserve.
The $1 coin does have strong support by leaders in the United States Congress. Arizona Senator John McCain introduced the COINS Act (“Currency Optimization, Innovation and National Savings) in 2011 with Senators Tom Harkin of Iowa, a Democrat, and two other Republicans, Michael Enzi of Wyoming and Tom Coburn of Oklahoma as co-sponsors.