Susan B. Anthony dollar
The Susan B. Anthony dollar is a United States dollar coin minted from 1979 to 1981. It was intended as a replacement for the larger Eisenhower dollar. The coin was poorly received, in part because of confusion caused by its similarity in size and metallic composition to the quarter. Production was suspended due to poor public acceptance in 1999.
About Susan B. Anthony dollar in brief
The Susan B. Anthony dollar is a United States dollar coin minted from 1979 to 1981. It was intended as a replacement for the larger Eisenhower dollar. The coin was poorly received, in part because of confusion caused by its similarity in size and metallic composition to the quarter. Production was suspended due to poor public acceptance, and then again in 1999. Special coins for sale to collectors were struck in proof finish through the run. Some minting variations are valuable to collectors. However, most circulation strikes remained in government stockpiles for several years after minting, so many of the coins are available in uncirculated grades, and the premium over face value is minimal. In the early 1960s, as the price of silver rose, Treasury Department vaults were depleted of silver dollars by the public. The Coinage Act of 1965, enacted on July 23, 1965, forbade all production of dollar coins for a period of five years. In 1997, Congress passed a law authorizing the mintage of a new gold-colored one-dollar coin depicting Sacagawea, but production could not begin quickly enough to meet demand. As a stopgap measure, the Anthony dollar was struck in 1999 after an eighteen-year hiatus; the series was retired the following year. The reverse design of the Eisenhower dollar was retained, an engraving of the Apollo 11 mission insignia showing an eagle landing on the Moon. No silver dollars had been minted in the United States since 1935, and a shortage developed in the Western United States, especially in areas in which gambling was common.
A provision was added requiring the coin to depict former President Dwight D. Eisenhower, who had died earlier that year, on the obverse and a design \”emblematic of the symbolic eagle of Apollo 11 Landing on the moon\” on the reverse. A total of 316,076 1964-D Peace dollars were struck before production was ordered suspended. The coins were melted soon afterwards. In 1976, the Research Triangle Institute recommended that the half dollar, also saw little use, be eliminated from circulation. In 1977, a paper suggesting that a half dollar depicting John F. Kennedy, a Democrat, was chosen as a means of balancing the dollar depicting Eisenhower, was also suggested. The half dollar was also eliminated from production. In 1978, a report suggested that a smaller dollar would significantly broaden the capabilities of consumers for cash transactions, especially with automatic merchandising machines. As with previous dollar coins, the new Eisenhower dollar proved unpopular with the public, and few of the very very very coins were found in circulation, which they recommended were eliminated from use. In 1979, a survey conducted by the U.S. Numismatic Institute found a strong interest in the smaller dollar coin, indicating their willingness to adapt their machinery to its use. The report recommended that a small dollar coin be reduced in size, and that the size of the dollar be reduced. In 1981, a study conducted by a Congressional task force found that a round planchet with an eleven-sided inner border was chosen for the smallerdollar.
You want to know more about Susan B. Anthony dollar?
This page is based on the article Susan B. Anthony dollar published in Wikipedia (as of Dec. 03, 2020) and was automatically summarized using artificial intelligence.
