(Mandeville, Louisiana) – Nationally-known rare coin dealer Paul Hollis, 36, of Mandeville, Louisiana will formally announce his candidacy for the Republican Party’s nomination for the United States Senate on May 12.  A number of prominent numismatists are on his campaign committee, such as John Albanese, Jeff Garrett, Paul Montgomery and Douglas Winter. 

Hollis began collecting coins at the age of six after receiving a Peace dollar from his grandmother.  In recent years, millions of viewers watched him on air when he hosted “The Coin Vault” television program on the Shop at Home network, and he also is known by many collectors and dealers from his earlier work as chief numismatist at Blanchard and Company in New Orleans. 

A political science graduate of Louisiana State University, he is the owner of Paul Hollis Rare Coins in Mandeville, Louisiana.  In addition to rare U.S. numismatic items, he specializes in ancient coins that circulated during the lifetime of Jesus Christ. 

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New Mexico lawmakers introduced new legislation that would create coins commemorating the 400th anniversary of Santa Fe.

Santa Fe, New Mexico, the site of native occupation centuries before European incursions, was officially elevated from a plaza established in 1608 to a villa and capital city in 1610. It’s also the home to the oldest and continuously inhabited indigenous communities in North America.

Two bills were concurrently introduced into the House and Senate and each has been referred to committee. If a reconciled bill passes and is signed into law, a commemorative $5 gold piece and a $1 silver dollar would be minted for coin collectors in 2010.

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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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Two weeks back CoinNews wrote an article on how the Presidential $1 Coin Act of 2005 stated that vending machines by 2008 must be able to dispense the new presidential dollars irrespective of the fact that many vending machines give back an amount that’s always less than $1.

Concerned about needless and extra costs, Coca Cola hired a lobbyist firm to help get the law amended so certain vending machines wouldn’t have to dispense dollar coins. Whether it was through their efforts or not, their desired changes appear to be coming.

H.R. 3703 had previously passed the House on 11/13 and yesterday, 12/17, the Senate passed it with Unanimous Consent. H.R. 3703 clarifies which machines need to dispense dollar coins.

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