The E-Sylum:  Volume 8, Number 20, May 15, 2005, Article 20

DOLLAR COIN PROBLEM: CONGRESS

Regarding the problem with dollar coins not circulating in
the U.S., David Gladfelter writes: ""It's the Congress, stupid."

Don't blame the Mint for failure of the "Cagi" to circulate.
Congress, in its infinite wisdom, directed in the legislation
authorizing the Sacagawea dollar that "[n]othing in this Act
or the amendments made by this Act shall be construed to
evidence any intention to eliminate or to limit the printing or
circulation of United States currency in the $1 denomination."
Public Law 105-124, § 5. (A victory for the B. E. P. lobby?)

The Mint's Office of Public Affairs undertook a fairly extensive
publicity campaign for this new coin. See U. S. Mint, Dollar
Coin Program Information Kit.

Repeal § 5 of the United States Dollar Coin Act of 1997 and
we will have circulating dollar coins in out country."

I hadn't heard the term "Cagi" before. David writes: "It's just
a name that is short for Sacagawea. I always carry at least one
"Cagi" and, like Johnny Appleseed of old, look for opportunities
to put it into circulation."

  Wayne Homren, Editor

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