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Dollar Coin of John Adams Is to Be Released Today

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  • Ram Lau
    http://www.nytimes.com/2007/05/17/us/17coin.html May 17, 2007 Dollar Coin of John Adams Is to Be Released Today By MATTHEW HEALEY The second design in the
    Message 1 of 1 , May 17, 2007
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      http://www.nytimes.com/2007/05/17/us/17coin.html

      May 17, 2007
      Dollar Coin of John Adams Is to Be Released Today
      By MATTHEW HEALEY

      The second design in the presidential one-dollar coin series,
      featuring John Adams, is to be released today by the United States Mint.

      A public event next Tuesday in Quincy, Mass., Adams's hometown, will
      feature an actor dressed as Adams as well as descendants of him.

      According to the director of the Mint, Edmund C. Moy, the Federal
      Reserve has ordered more than 190 million of the new coins, compared
      with 300 million of those featuring George Washington, which began the
      series in February.

      Mint officials said those numbers are in line with expectations and
      indicate that the public is using the coins. By the end of the year,
      the Mint anticipates producing at least a billion of the dollar coins
      showing the first four presidents. By law, it is also required to
      continue making dollar coins with the Sacagawea design, in quantities
      of one-third the number of presidential coins minted.

      Mr. Moy said the Mint was working closely with banks, transit systems
      and certain kinds of retail establishments like fast-food restaurants
      and discount stores to encourage use of the coins.

      The manufacturing process has been altered to prevent a recurrence of
      errors that marred some Washington coins. In those cases, the date,
      mint mark and edge lettering with the inscriptions "In God We Trust"
      and "E Pluribus Unum" are missing.
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