The E-Sylum:  Volume 9, Number 27, July 2, 2006, Article 13

U.S. SENATE APPROVES ABRAHAM LINCOLN DOLLAR COIN

Dick Johnson writes: "In addition to four different Lincoln cent
reverses for 2009 -- the bicentennial of Abraham Lincoln's birth
and the centennial of the Lincoln cent -- Americans may have a
Lincoln commemorative dollar coin if a Senate bill is turned into law.

On Thursday this week (June 29, 2006) the U.S. Senate passed a law
providing for the U.S. Mint to issue a commemorative dollar coin
in the year 2009. This law was offered by Sen. Dick Durbin, D-Ill.,
who is a co-chair of the Abraham Lincoln Bicentennial Commission.
The bill was co-sponsored by 71 other Senators.

A similar version needs to be passed by the House. Rep. Ray LaHood,
R-Peoria, also co-chair of the Lincoln Bicentennial Commission,
has proposed such legislation that is pending in the House.

Once it is signed by the president this law would authorize the
Mint to create the new coin design.  The design would be selected
by the treasury secretary after consultation with the Commission
of Fine Arts and the Lincoln Bicentennial Commission.

The sale of the commemorative coin will help fund the bicentennial
celebration and the continued study of Lincoln's life. The
commission hopes the coin sale will generate as much as $3 million,
which is considered critical for its celebration plans.

Issuance of this commemorative dollar coin with the typical
surcharge should raise the necessary revenue for the celebration;
but sales of a minimum of 100,000 coins would be required to meet
the $3 million goal. If such is the case no surcharge should be
necessary for the four 2009 special reverse Lincoln cents. They
should be issued for circulation at face value.

Here is the news story from the Lincoln Courier in Lincoln,
Illinois, which has an obvious interest in the outcome of this
legislation: Full Story "

  Wayne Homren, Editor

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