A Ronald Reagan Presidential dollar coin and Nancy Reagan First Spouse gold $10 coin will be
struck and issued by the U.S. Mint for 2016.
This outcome supersedes the less than popular previous Mint
statements that the programs would end in 2016 with the production of
the Gerald Ford Presidential dollar and Elizabeth "Betty"
Ford First Spouse gold coin.
Presidential dollars and First Spouse half-ounce .9999 fine gold
coins are authorized under provisions of the Presidential $1 Coin Act
of 2005, Public Law 109-145.
RELATED: Nancy Reagan would be the first living person on a
U.S. coin since 1995
Rep. William P. Huizenga,
R-Mich., chairman of the House
Financial Services Subcommittee
on Monetary Policy and Trade, sent a letter Feb. 11 to Richard
A. Peterson, deputy director of the U.S. Mint for Manufacturing and
Quality, arguing that the statute does provide for the issuance of the
Ronald Reagan dollar and Nancy Reagan First Spouse gold coin.
In his Feb. 12 written response to Huizenga, Peterson states the
U.S. Mint's interpretation of the statute agrees with that of
Huizenga. Peterson writes that the U.S. Mint has already begun
preliminary design work on the two Reagan coins.
Coin World was able to obtain copies of Huizenga's letter to
Peterson and Peterson's subsequent response.
The text of Huizenga's letter to Peterson reads:
"I am writing in reference to some confusion that has developed
regarding the Presidential One Dollar Coin Act of 2005, PL 109-145.
While the Mint no longer is producing large amounts of the coins for
circulating purposes, it continues to mint and issue to collectors
both the coins themselves and the gold 'First Spouse' coins.
"As you are aware, some have raised the concern that the
program's termination clause would prohibit the issue of a coin
bearing the image of President Ronald Reagan. My clear reading of the
statute, and I am certain you will agree, indicates that a Reagan coin
and an accompanying Nancy Reagan 'First Spouse' coin would indeed be
issued at the appropriate point in the schedule. Please contact me at
your earliest convenience to confirm this view."
Peterson responded Feb. 12 with the following:
"Thank you for your letter regarding the Presidential $1 Coin
Act of 2005. I appreciate your interest in the Presidential $1 Coin Program.
"Your reading of the statute, Public Law 109-145, comports with
the United States Mint's interpretation, and we have begun preliminary
design work for both the Ronald Reagan Presidential $1 Coin and for
the First Spouse Gold Coin honoring Nancy Reagan. Both are expected to
be issued in 2016.
"I hope this response is helpful."
SOCIAL: Tell us what you think about the decision to
release a Reagan Presidential dollar coin
A longstanding debate within political circles and the numismatic
community questioned whether Ronald Reagan would qualify under the
act's provisions to have his portrait appear on a manganese-brass clad
dollar coin and whether Mrs. Reagan's visage and achievements could be
recognized in a First Spouse gold $10 coin design and companion brass medal.
Over the past year,
World has queried the U.S. Mint for a legal interpretation of
the act no fewer than four times, but never received a detailed
explanation that suited interested collectors. The resultant Mint
responses previously have simply been that the Presidential $1 Coin
Program and First Spouse gold coin program would end in 2016 with the
production of the Gerald Ford Presidential dollar and Elizabeth Ford
First Spouse gold coin.
A groundswell of public sentiment arose, pushing for a Reagan
dollar. Coin World has received an increasing number of phone
calls and emails over the past several months from collectors
passionate about seeing a Presidential dollar issued for Ronald Reagan.
Argument on both sides of the issue centered on the provision in the
enabling act, Sec. 102, 2(E): " LIMITATION IN SERIES TO DECEASED
PRESIDENTS.— No coin issued under this subsection may bear the image
of a living former or current President, or of any deceased former
President during the 2-year period following the date of the death of
Since President Jimmy Carter is still living, many believed as of
December 2014 that the program would end with the Ford dollar and not
skip over Carter to honor Reagan.
Subsections 8 and 9 of the act provide the following: "(8)
TERMINATION OF PROGRAM.—The issuance of coins under this subsection
shall terminate when each President has been so honored, subject to
paragraph (2)(E), and may not be resumed except by an Act of Congress.
(9) REVERSION TO PRECEDING DESIGN.—Upon the termination of the
issuance of coins under this subsection, the design of all $1 coins
shall revert to the so-called ‘Sacagawea-design’ $1 coins."
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