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Eisenhower dollar : ウィキペディア英語版
Eisenhower dollar

The Eisenhower dollar is a one-dollar coin issued by the United States Mint from 1971 to 1978; it was the first coin of that denomination issued by the Mint since the Peace dollar series ended in 1935. The coin depicts General and President Dwight D. Eisenhower, who appears on the obverse. Both its obverse and reverse were designed by Frank Gasparro.
In 1965, the Mint had begun to strike copper-nickel clad coins instead of silver, due to rises in bullion prices. No dollar coins had been struck in thirty years, and none, initially, were minted in the new metal. Beginning in 1969, legislators sought to reintroduce a dollar coin into commerce. After Eisenhower died in March of that year, there were a number of proposals to honor Eisenhower with the new coin. While these bills generally commanded wide support, enactment was delayed by a dispute over whether the new coin should be in base metal or 40% silver. In 1970, a compromise was reached to strike the Eisenhower dollar in base metal for circulation, and in 40% silver as a collectible. President Richard Nixon signed legislation authorizing the new coin on December 31, 1970.
Although the collector's pieces sold well, the new dollars failed to circulate to any degree, except in and around Nevada casinos, where they took the place of privately issued tokens. There are no dollars dated 1975; coins from that year and from 1976 bear a double date 1776-1976, and a special reverse by Dennis R. Williams in honor of the bicentennial of American independence. Beginning in 1977, the Mint sought to replace the Eisenhower dollar with a smaller-sized piece. Congress authorized the Susan B. Anthony dollar, struck beginning in 1979, but that piece also failed to circulate. Due to their modest cost and the short length of the series, sets of Eisenhower dollars are becoming more popular among collectors.
== Background ==

The silver dollar had never been a popular coin, circulating little except in the West; it served as a means of monetizing metal and generally sat in bank vaults once struck. The Peace dollar, the last circulating dollar made of silver, was not struck after 1935, and in most years in the quarter century after that, the bullion value of a silver dollar did not exceed 70 cents. In the early 1960s, though, silver prices rose, and the huge stocks of silver dollars in the hands of banks and the government were obtained by the public through the redemption of silver certificates. This caused shortages of silver dollars in the western states where the pieces circulated, and interests there sought the issuance of more dollars.
On August 3, 1964, Congress passed legislation providing for the striking of 45 million silver dollars. This legislation was enacted as coins vanished from circulation as the price of silver rose past the $1.29 per ounce at which silver coins were worth more as bullion than as currency. The new pieces were intended to be used at Nevada casinos and elsewhere in the West where "hard money" was popular. Numismatic periodicals complained that striking the dollars was a waste of resources. The law had been passed at the urging of the Senate Majority Leader, Mike Mansfield (Democrat–Montana), who represented a state that heavily used silver dollars. Despite the efforts of Mint Director Eva Adams and her staff to persuade him, Senator Mansfield refused to consider any cancellation or delay and on May 12, 1965, the Denver Mint began striking 1964-D Peace dollars—the Mint had obtained congressional authorization to continue striking 1964-dated coins into 1965.
A public announcement of the new pieces was made on May 15, 1965, to be met with a storm of objections. Both the public and many congressmen saw the issue as a poor use of Mint resources at a time of severe coin shortages, which would only benefit coin dealers. On May 24, one day before a hastily called congressional hearing, Adams announced that the pieces were deemed trial strikes, never intended for circulation. The Mint later stated that 316,076 pieces had been struck; all were reported melted amid heavy security. To ensure that there would be no repetition, Congress inserted a provision in the Coinage Act of 1965 forbidding the coinage of silver dollars for five years. That act also removed silver from the dime and quarter, and reduced the silver content of the half dollar to 40%.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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