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Tuesday 27 June 2023

2896) "American Innovation $1 Coin Programme", USA: The third Coin issued in the 2023 Coin issue programme under this series, (which commenced in 2018) represents American Innovations (or Innovators) from the State of Indiana: Date/Year of Coin issue: 2023:

2896) "American Innovation $1 Coin Programme", USA: The third Coin issued in the 2023 Coin issue programme under this series, (which commenced in 2018) represents American Innovations (or Innovators) from the State of Indiana: Date/Year of Coin issue: 2023:

Links to posts on this blog on Coins issued under "American Innovation $1 Coin Programme":



The United States Mint's "American Innovation $1 Coin Programme is a multi-year series honouring innovation and innovators with $1 coins from each State, District of Columbia, Puerto Rico, Guam, American Samoa, U.S. Virgin Islands, and Northern Mariana Islands. 

The 57 coins under this Coin Series will be released over a 14-year period (2018-2032).

The coins are being issued in the order in which each State ratified the Constitution of the United States or was admitted to the Union

Under the Coin Programme, each of these States or Territories is required to identify concepts emblematic of an innovation, an innovator, or a group of innovators unique to that location and significant to the country's progress.

The final designs to be struck on the State or Territory's representative coins will be decided by the Secretary of the Treasury. 

These dollars will be minted alongside the US Mint's on-going series of $1 coins honouring Native American tribes and individuals.

Interestingly, no new dollar coins are officially placed into general circulation

The last dollar coins placed in circulation were the 2011 James A. Garfield dollars released under the Presidential Dollar Programme, particularly because of the large inventory of dollar coins held in Federal Reserves vaults, with demand for dollar coins being abysmally low among users.

The American Innovation $1 Coins in the rolls and bags were minted at the Philadelphia and Denver Mints. 

The Indiana coin is the third of 2023.

The Indiana American Innovation $1 Coin:

The Reverse of the $1 (One Dollar) Indiana American Innovation Coin features a series of vehicles that showcase Indiana innovations from yesterday and today. 

From top to bottom, the design includes an early style gas automobile, a representation of classic car production, and a recent model of an Indy style race car. Inscriptions are “UNITED STATES OF AMERICA,” and “INDIANA.”

The Obverse of the $1 (One Dollar) Coin features a dramatic representation of the Statue of Liberty in profile with the inscriptions “IN GOD WE TRUST” and “$1.” It also includes a privy mark of a stylized gear, representing industry and innovation.

The year of minting, mint mark, and “E PLURIBUS UNUM” (meaning "One Out of Many") are incused on the edge of the coins.

Privy Marks: were originally used on coins to reflect their mint of origin or as an aspect of their production or design. More recently, they have been used as design, brand identity or marketing features.

An eagle privy mark from an original coin punch identified at the US Mint at Philadelphia appeared on the American Eagle Platinum Bullion Coins "Preamble to the Constitution" Series from 2009 to 2014.

 A representative image of an incused edge inscription on a coin issued in 2018.

SPECIFICATIONS:

Denomination: $1 Coin

Metal Composition: 6% zinc, 3.5% manganese, 2% nickel, balance copper.

Weight: 8.100 grams

Diameter/Size: 1.043 inches (26.49 mm)

Edge: Lettered

Mint and Mint Mark: Philadelphia-"P" and Denver-"D"

Privy Mark: Stylized gear




Links to posts on this blog on Coins issued under "American Innovation $1 Coin Programme":




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First Amendment to the United States Constitution: Preample to the declaration of Independence:









4 comments:

  1. Santosh Khanna has commented:
    "A VERY interesting and informative article Thanks for sharing this post".

    ReplyDelete
  2. Rajan Trikha has commented:
    "Amazing information 👍👍"

    ReplyDelete