2017-02-11 Sat

An Act for a new series of $1 coins was reintroduced on 31st January. The American Innovation $1 Coin Act requires a 56-coin program over 14 years with one coin for each of the 50 states, the District of Columbia and the five U.S. territories.

Four coins in uncirculated and proof qualities are to be issued every year in alphabetic order of the state, the district, or territory represented, starting with Alabama. The mintage limit will be set by the Secretary of the Treasury.

The common obverse design would be a representation of Liberty and will feature IN GOD WE TRUST. The reverses will represent an important innovation, an innovator or pioneer, or a group of innovators or pioneers. Portraits will not be used; the name of the state, district, or territory will be inscribed along with $1 and UNITED STATES OF AMERICA.

Standard $1 edge inscriptions will feature the year of minting, E PLURIBUS UNUM, and a mint mark. The Secretary of the Treasury and Governor or other chief executives of the state, the District of Columbia, or territory will select the candidates to be honoured. The final designs will be chosen by the Secretary after a discussion with the heads of the sites, the Commission of Fine Arts and the Citizens Coinage Advisory Committee. The bill must first pass the House, Senate and signed by the President to become a law.