Last week I mentioned the new legislation calling for 2021 commemorative silver dollars. But don't forget that the operative word here is
"legislation". It's not in law yet - far from it. The bill faces many hurdles before it can become law and make the new coins a reality. U.S.
collectors and their hobby leaders must ACT and let their voices be heard in the halls of Congress. Here's a press release from PAN; they've helped the
idea get this far - now it's up to the rest of us to make it happen. -Editor
The Pennsylvania Association of Numismatists is calling on all fellow coin collectors to contact their United States Congressional Representatives to
co-sponsor H.R. 3757 commemorative coin legislation.
This House Bill will require the Secretary of the Treasury to mint coins in commemoration of the centennial of the minting of the Morgan dollar and the
Peace dollar and shall mint and issue not more than a total of 500,000 one dollar coins of which shall weigh 26.73 grams; have a diameter of 1.500 inches; and
contain not less than 90 percent silver. Coins minted under this Act shall be issued in uncirculated and proof finishes.
PAN President and Citizens Coinage Advisory Committee Chairman Thomas Uram and fellow CCAC member Michael Moran came up with the idea of the recreation of
these popular silver dollars in 2021. The Morgan Dollar was the workhorse of American industry came to an end in 1921 and the new Peace Dollar commemorating
the declaration of peace between the United States and the Imperial German government in 1921.
The sale price of the coins has yet to be determined. The important aspect to this program is that 40% of the surcharges will be used to support numismatic
education and will be administered by the American Numismatic Association as required by law. The surcharges that have traditionally funded many causes and
projects over the history of commemorative coin programs will actually be used to support numismatics for the first time ever. It is high time that the
collectors that have financially supported these past programs will now reap a benefit within our own collecting community!
We are asking all numismatic organizations to support this effort and urge all of their members to contact their Congressional Representative. One hundred
eighty nine members of the House of Representatives are needed to co-sponsor this Bill to make these coins a reality. Collector support is essential to get
this legislation into law. More information at www.PANcoins.org
Find Your Representative by Zip Code: https://ziplook.house.gov/htbin/findrep_house?ZIP=
So - what are you waiting for? Contact your congressional representative's office! See the PAN web site, where there is more information and a flyer
your can print out for distribution to friends and fellow collectors.
For more background on the program, see Lou Golino's excellent article for CoinWeek. Here's an excerpt. -Editor
Mr. Uram also noted that many past commemorative coin programs have failed to reach their potential because the members of Congress and staff members who
write the enabling legislation are typically not collectors and may not know what collectors want.
In this case, he and Mr. Moran decided that as the legislation was drafted that it be done with input from each of them. They are both lifetime collectors
who have a good sense of what collectors want.
Both also stressed the importance of the coins being dated “2021”, not a dual date as is sometimes used on coin issues that celebrate anniversaries. As Mr.
Uram said, “The next slot in your silver dollar album after 1921 should be 2021.”
Asked whether the Mint might be able to use the original dies from 1921 of both coins, Mr. Uram said that what is more likely is that perhaps the original
plaster models of the designs could be used and that he is working with the Mint on this. Converting the plaster designs into the 3D graphic system that Mint
artists use today will be key. Current Chief Engraver Joseph Menna is well-known for working that way.
To read the complete article, see:
Coin Analyst Exclusive: An Insider’s Perspective on the Morgan & Peace 1921 Commemorative Silver Dollar Coin Act
For more tools on the ANA web site, see:
Support Coin Legislation H.R. 3757 (https://www.money.org/coin-legislation)
To follow the path of the legislation, go to the House web site and click "get alerts." I did!: https://www.congress.gov/bill/116th-congress/house-bill/3757
To read the earlier E-Sylum article, see:
WAYNE'S NUMISMATIC DIARY: JULY 21, 2019
Wayne Homren, Editor
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