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US Mint Coins for 2009
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Sacagawea Dollars destined to change in 2009
There's a new Indian Dollar in town
Those of us who have collected coins for even a short time know about the Presidential Dollar Series of coins which began in 2007.
You may also know about the Sacagawea dollar coins which the US mint began producing in the year 2000. Both Presidential dollar and Sacagawea dollars are the same color and size, made of a golden colored metallic alloy of copper, zinc and nickel.
But did you know what’s happening in 2009?
Authorizes new Native American Indian coins
“important contributions made by Indian tribes and individual Native Americans to the development of the United States and the history of the United States.”
Will there be “a lot” or “a few” minted?
An unusual feature of the law (public law 110-82) requires the United States Mint to mint Presidential $1 Coins and Native American $1 Coins at the same time. AND, the law has another unusual feature:
It requires the mint to produce at least 20 percent of all $1 coins (minted and issued) in any year to be Native American $1 Coins.
Coin dealers and experts question the logic of this feature of the law, and wonder what effect it will have on scarcity (if any) of the Sacagawea dollars or of the Presidential dollars in 2009. Only one Native American $ is to be release each year, while four different presidential dollars will be issued yearly. Will the demand for the 2009 Native American Dollar be as great as the Presidential Dollars?
According to the current coin law, the Native American golden dollar coin series is to continue each year as long as the Presidential Dollar Series of coins are being made.
Artists submitting coin designs for consideration will send their ideas through an evaluation process. Several entities will consult together and come up with a design approved by the Secretary of the Treasury.
For more details about possible reverse design themes see the original public law act - Public Law # 110-82
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