New $1 coins hit people’s pockets
February 19, 2007
What do Susan B. Anthony, Sacagawea and George Washington have in common?
They all have been featured on $1 coins in the U.S.
The U.S. Department of the Treasury announced last week that the new $1 coins – bearing the head of the nation’s first president – were put into circulation Thursday.
The back of each of the coins features the Statue of Liberty, along with the sayings “E pluribus unum” and “In God We Trust.”
John Adams, Thomas Jefferson and James Madison will all be on the later 2007 editions of the coin. The plan is to feature a few presidents a year on the coins in order of their presidency.
Presidents must be dead for at least two years before they can be seen on currency.
The government has tried the $1 coin idea in the past with Anthony and Sacagawea, but they did not garner the ideal support.
“I carry coins all the time,” said sophomore English major Jaryd Jensen. “I will probably use the new dollar coins but won’t go out of my way to get them.”
The government hopes to save money on the coins, which can last as long as 40 years, as opposed to the bills, which last for only 18 months.
“I think because the state quarters hit off so well, the government believes the president dollar coins will do the same,” said Grant Gundrum, a freshman mechanical engineering major.
Freshman meteorology major Chuck Richie says he collected the quarters and will do the same with the dollar coins.
“The quarters looked cool, and it would be nice to one day pass the collections onto my kids,” he said.