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House approves $1 (presidential) coin [View All]

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quaoar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-27-05 03:43 PM
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House approves $1 (presidential) coin
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AP has just moved a corrected version of the story at the link. The corrected version is below. The initial version confused the gold coin with the dollar coin.

WASHINGTON (AP) The House on Wednesday approved a new gold-colored coin bearing the faces of presidents to join the unpopular $1 Sacagawea coin in circulation, hoping a new design will spur use of dollar coins.
By a 422-6 vote, the House approved a plan for the U.S. Mint to begin selling the coins early next year.
The bill also creates what would be the nations first investment-grade 24-karat gold bullion coin. Intended for collectors, it would carry portraits of first ladies and a have a face value of $10 but sell for many times that amount at fluctuating prices based on the price of gold.
The new dollar coins would be the same shape, size and makeup of the gold-colored $1 coins now bearing the face of Sacagawea. The coins imprinted with her face would remain in circulation.
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