A flood of stories has appeared regarding the forthcoming movement of "In God We Trust" from the edge to the face of Presidential $1 Coins. They all started with President Bush’s signing of the Consolidated Appropriations Act of 2008.
CoinNews wrote about the legislative scrutiny in changing the motto’s location, expected the signing of the final legislation, reported about it minutes after it was signed and then surmised that the Presidential Dollar coins would not see change until 2009.
In truth, none of the "predictions" took a huge leap of insight;
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Today, Dec. 26, President George Bush signed into law H.R. 2764, the Consolidated Appropriations Act 2008. While the President was unhappy with portions of the bill:
"…I am disappointed in the way the Congress compiled this legislation, including abandoning the goal I set early this year to reduce the number and cost of earmarks by half. Instead, the Congress dropped into the bill nearly 9,800 earmarks that total more than $10 billion. These projects are not funded through a merit-based process and provide a vehicle for wasteful Government spending…"
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In a blaze of actions and to get home for the holidays, the Senate and House tossed together a several hundred page bill named, The Consolidated Appropriations Act, 2008. The bill has been given to the President and while there’s no guarantee, the signing of it seems likely.
(Editor’s update: President Bush signed the act into law Dec. 26.)
Even with the latest and greatest computer, the digital document takes seconds to load. Reading it in its entirety… well, that’s hours of tedium. Thanks to modern search tools, quicker inspection is possible. And upon review, the bill contains a few nuggets of interest for coin collectors.
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The new Presidential $1 coins and the words "In God We Trust" are back in debate. A new legislative bill, S.2417, has been placed on the table and seeks changes to the motto’s placement.
Since the beginning of its mintage, the new dollar coin has faced extra scrutiny due solely to those powerful words, or lack of them. While a very small segment of the population would just as soon see the motto forever removed, most appreciate the significance of it appearing on coinage since the Civil War.
Then there are many who take issue with the new $1 coin’s design, believing the motto lacks prominence on its edge.
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Curiosity and enthusiasm gets jolted into overdrive when an always changing coin series comes out. You don’t need to look further than the 50 State Quarters® Program. It helped create a booming-hot collector market that’s still going strong. Better, the new quarters soundly made it as "replacements" to older circulating quarters.
The quarters program started in 1999 and ends in 2008. Will the new Presidential $1 Coin series, scheduled to last through 2016 pick up the slack? Will it continue the coin collecting momentum? And, more importantly, will the dollar coin REALLY get used in daily circulation?
Or will the new coin suffer near extinction and virtual boredom like previous $1 coin runs?
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