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Commem $1 Coin Proposed for Reagan
By David L. Ganz, Numismatic News
April 03, 2008


Establishment of a Ronald Reagan Centennial Commission with a $1 commemorative coin produced from February 2010 to February 2011 is one of the requests before Congress.

The bulk of the bill would establish a commission to honor the 2010 centennial of the birth of Ronald Reagan, the 40th president of the United States. The bill, H.R. 5235, was introduced Feb. 6 by U.S. Reps. Elton Gallegly, R-Calif. and Roy Blunt, R-Mo. In addition to the $1 coin, a stamp in his honor is also mentioned.

Ronald Wilson Reagan remains an American hero - the genuine article - a man so revered that a recent Gallup poll ranks him first of all the men to hold that office, a position over George Washington, Abraham Lincoln, and even Franklin D. Roosevelt. Reagan is the rare person who has positively affected the lives of tens of millions of his fellow-countrymen, and in the process, changed the course of world history.

Several years ago, Grover Norquist, chairman of the Reagan Legacy Project, claimed to be "spoiling for a fight" in an effort to carve Reagan's face onto Mount Rushmore. He also had a more serious plan, however: keeping alive the late Sen. Paul Coverdell's bid to put the Gipper on the $10 bill.

The Wall Street Journal quotes Norquist as saying that "It would be a way to honor both the president and the currency." They editorialize that it "might be nice for taxpayers to have on their money a man who appreciated how hard they worked for it." Official Washington is notoriously flinty when it comes to giving recognition to America's greatest leaders. President Franklin Roosevelt asked for a memorial consisting of a granite block bearing his name, date of birth (1881) and date of death (1945) located on Pennsylvania Avenue near the National Archives.

That request was granted, and not until 1998 - more than a half century after his death - was a more formal memorial dedicated near the tidal basin of the Potomac River between the Jefferson and Lincoln memorials, which honor the third and 16th presidents, respectively.

Reagan died on June 6, 2004, at age 93. In 2000, The Reagan Legacy Project stated that the late Sen. Paul Coverdell, R-Ga., had introduced legislation to require the U.S. Treasury to issue a $10 currency note bearing the likeness of Ronald Reagan. A search of the Congressional Record, and the bill hopper, shows the bill was never dropped.

A different bill to build a memorial to Reagan in the nation's capital recited some of his legacy: "restoring faith in our system of democracy" and "returning pride in being an American," the bill recalls that as President, "Ronald Reagan initiated policies that won the Cold War, protected and restored freedom and democracy around he globe, lowered taxes on American citizens, tabled the economic threats of inflation and economic stagflation, and ushered in an unprecedented era of peace and prosperity across the nation."

Close to home, among hobbyists, the Reagan Treasury Department, with the Mint headed up by Donna Pope, brought about a rebirth of American commemorative coinage, setting the stage for circulating commemorative coinage of this generation.

A little known sidelight about Reagan is his devotion to medallic art. When it came time for his presidential inaugural medal to be produced, his is one of the few that is a virtual straight-on portrait (one of the most difficult to produce) - its success assured by his willingness to sit for a life mask (a process involving breathing through straws into the nostrils, while fresh plaster is poured over the face).

In 2000, Congress voted to award a national gold medal to Ronald and Nancy Reagan, in recognition of his achievements as President, and hers as First Lady. In the twilight of his life, he announced that he suffered from Alzheimer's disease.

Congress will receive the recommendation of the commission for a Reagan commemorative coin. He should be honored with it. Here's why.

First, Reagan is a genuine hero who the American people continue to remember with great affection. The changes he brought to American society were significant and of lasting importance.

Second, consider some of the other American presidents commemorated on coinage. John F. Kennedy (the circulating half dollar), Eisenhower (a "circulating" dollar and a centennial in 1990), FDR (the dime and a $5 gold commemorative in 1998), Jefferson (the nickel and bi-sesquicentennial dollar of 1993), Lincoln (the cent and 1918 Illinois half), and Washington (the quarter and several other commemoratives ).

Other presidents: McKinley, on the 1903 Louisiana Purchase Exposition gold dollar; U.S. Grant (the 1922 half and gold dollar), James Monroe and John Quincy Adams (Monroe doctrine centennial of 1923, half dollar), Calvin Coolidge (1926 sesquicentennial half dollar, during his presidency); Theodore Roosevelt (along with Washington, Jefferson and Lincoln, on the Mount Rushmore commemoratives of 1991), and Madison (bill of rights commemoratives, 1993).

John Young, of the Cox News Service, was more sanguine, if a bit testy, several years ago when he advocated for a Reagan nickel - not the dollar coin proposed.

"A Reagan nickel would serve us well. It would remind us of what we have and what we owe. Instead of 'five cents,' the coin could say 'five trillion dollars owed.' It could be minted in fine balsa wood. Future generations could carry around those wooden nickels as a reminder and a receipt. Having a wooden nickel with Reagan's likeness might inspire Americans to beware of blue-sky fiscal scams."

There's another reason why such a coin would fly: in 2002, the Christian Science Monitor quoted from a survey taken by what it described as a "high-volume mail-order dealer, Littleton (N.H.) Coin Co.," which, it said, "asked customers to nominate people to appear on future coinage." The result: Civil rights leader Martin Luther King Jr. received the most votes, with former presidents Ronald Reagan and Harry Truman close behind.

For now, it's off to committee, but watch this one - even with a Democratic Congress - for Ronald Reagan's legacy transcends partisan politics and honors Reagan, the man.





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Comments
On April 4, 2008 Philip said
I think this would be a great idea. Even the $10.00 bill also Hamilton has been on there long enough.
On April 4, 2008 Scott Barman said
I take exception to the statement "Ronald Wilson Reagan remains an American hero - the genuine article." Reagan is not a hero. He was an opportunist who saw the chance to tear down a nation's infrastructure and replace it with something worse. Reagan put the flying public at risk for many years with the firing of the air traffic controllers, restructuring the student loan system that excluded so many students which was resolved only within the last 10 years, and loosening business regulations allowing the credit markets to run amok that caused Black Monday in October 1987. This is not to mention the Iran-Contra scandal or the building of the arms race with the Soviet Union.

Reagan served a limited capacity in the Army Reserve because of near sightedness. In fact, Reagan did not see any action during World War II. He was assigned to a public relations unit and made training and propaganda movies. After his military service he was an actor, governor, and prevented Gerald Ford from defeating Jimmy Carter for the presidency.

When Reagan left office, after not informing anyone he was diagnosed with alzheimers disease and leaving questions as to the daily operations of the White House, the country was saddled with a bloated government and a huge debt--the largest in history. There was limited fiscal discipline and the stage was set for one of the biggest systematic bank failures since the Great Depression (the savings and loan debacle). All of these were passed onto his successor, George H.W. Bush, who was politically ostricized for making the decisions that Reagan either refused to or was incapable of making.

There is nothing in the last three paragraphs that suggests Ronal Reagan was a hero.

To take the word of anyone involved with the Reagan Legacy Project without examining their agenda is naieve journalism. A number of years ago the Reagan Legacy Project accidentally released a paper calling for the "Reagan Nation." This would be an attempt to get Ronald Reagan's name on as many structures as possible.
On April 4, 2008 Sue Woodward said
I agree with Scott.

Reagan was not the average Joe's president.  He was the rich man's president.
On April 4, 2008 Don McAlister said
Reagan was the most overrated president in our history.  It was Regan who traded arms for hostages.  It was Regan who send Donald Rumsfield to Iraq and bolstered Saddam with weapons and guarantees that we would support his war with Iran.  He was an effective orator but not much of a president and has done little or nothing to deserve a commemorative or to be on a circulating bill.
On April 4, 2008 Ray said
A Reagan Dollar would be in order. After four years of the Carter Doldrum Years the Reagan Years were a relief. These years created a new optimism in the American Dream. Through hard work a person could succeed and not be punished for doing so. America also stood up to communism in the Kennedy tradition once again and won.
On April 4, 2008 rjsriv said
Scott Bartman and Sue wodward are true examples of slimy liberals. If anyone should be removed or not on a coin it is the ultimate traitor FDR. That scumbag was the first to weaken our dollar by removing us from the gold standard. it is because of his reckless fiscal policies that we are in the trouble we have today. Also FDR knew the Japs were going to attack us and sacrificed 3000+ americans at pearl harbor. If JFK wasn't killed he would be just as villified as BJCLINTON. Between the bungling at the Bay of Pigs and escallating the war in vietnam, he is one of the worst POS that we have had as a president. Thank god for what happened 11/22/63. If he would have been president any longer think of how much more crap he would have pulled. The whole Kennedy clan is nothing but trash
On April 4, 2008 Served with Honor said
Bleeding heart liberals, listen up; nobody in THIS country wants to hear your whining drivel any more.  Except, of course, other bleeding heart, gashing liberals.  Ronald Wilson Reagan WAS, and ALWAYS WILL BE a GREAT AMERICAN HERO, and the GREATEST AMERICAN PRESIDENT OF THE 20th CENTURY.  Please be aware, there are many other countries in the world that you are more than welcome to go live in.  We don't like cowards and traitors in the USA, and they won't be tolerated much longer.  Personally, I think FDR should be removed from ALL currency and replaced by Reagan.
On April 4, 2008 Walter said
Huh?  Honor Reagan?  Surely he ranks with Richard Nixon and our present incompetent as one of the three worst presidents we've ever had.
Have we forgoten the Iran-Contra scandals? His union-busting? If we comemorate him let's do it with a wooden nickel or a three dolar bill.
On April 4, 2008 null said
rjsriv-
Franklin Delano Roosevelt had more integrity in his pinky than Nixon, Reagan, Bush41 and Bush 43 had in their entire bodies.  If you want to talk traitor look at the current administration.  Bush43 went on vacation after he got a memo Bin Laden was planning an attack, allowed Bin Laden's family to leave the US the day of 9/11, lied about Iraq's nuclear weapon program, and allowed over 4,000 souls to be sacrificed so his friends at Halliburton could make a few bucks.

And it was 2350 soldiers that lost their lives at Pearl Harbor, not 3000.

On April 4, 2008 said
I also think rjsriv comment about JFK being killed should be removed.
On April 4, 2008 RP said
Against better advice, (even Nancy's) President Reagan went to the Nazi cemetary in Bitburg, Germany in May 1985.  I am not sure how we can justify puting this man on a special coin.  He can wait his turn on the golden dollar.
On April 4, 2008 David Jones said
 I am sick of boring coins of dead presidents. We should go back to the beautiful art deco tpe coins of yester-year. Giving the U.S. Mint another reason to gouge collectors is not appealing. I can't keep up with all of the U.S. Mint's umpten dozen's of offerings, nor do I wish to. Also Reagan having Never mentioning the word Aid's until AFTER 300,000 Americans were dead is both Deplorable & certainly not Presidential.
On April 5, 2008 thomas paine said
ronny raygun was without a doubt the 2nd worst president in my 54 years on this planet. The current redneck in the white house being the worst. As far as hero? goes i suppose if you are one of the lucky few at the top of the economic food chain, who have seen their incomes sky rocket up as the other 95% of our country went down the tubes, then maybe. As far as one poster's claim that raygun was responsible for taming inflation, i guess he pulled that right out of his ass. The reality is that fed chairman Paul Volger, put in by Jimmy Carter was the man. Also he seems to have forgotten the 35 year long cold war that had preceded ronnie's tenure and the trillions spend to contain and defeat Russian communism.  When I had first read many years ago that the rabid right was screaming to put ronnie?s head on mount rushmore I was all for it. I thought they were going to cut it off and mount it on a stick. At least then it would serve a purpose as a warning to other elitist right-wing pro rich wanna be?s  and at the seem time be a learning tool for the voters on what can happen when you put a spokesman for the business class in our highest office and the damage that can ensue. You could mount it in the outdoor snack area to keep the flies off of the cake.
On April 5, 2008 rjsriv said
null- your name fits your IQ. FDR was responsible for the perpetuation of the communists!!! FDR and Joe Stalin were buddies. Regan was respomsible for bringing down the USSR. I guess you don't read history or you and your liberal ilk like doing "revisionist" history. There is no difference between liberal idoits and commies. So you and your buddies go eat some borsch and smoke some castro cigars.  
On April 5, 2008 rjsriv said
The JFK remark was harsh. he should have lived to be ridiculed and vilified for his piss poor leadership. Franklin was much better on the half than that weak crappy design. the JFK half ranks up there with the SBA$ an the Shriver commem as the worst US coins ever
On April 6, 2008 Coin Maniac said
Reagen was a bad president. However, look on the bright side, Bush is much worse.
On April 7, 2008 Johnny said
You need to do a better job of reviewing the comments/posts/blogs before putting them on your website.
Sue Woodward is using colorful metaphors that would be deemed inappropriate to young numismatists.
On April 8, 2008 phillip5599 said
You got to be kidding about Ronald Reagan being a great president.  This was president who secretly traded arms with Iran, who busted unions, who wouldn't acknowlege the existence of AIDS because he thought it just affected the gays and drug users, who give tax breaks to the rich, who reduced many grants and loans to students.  This was the president who was the bitch to the conservative christian right.  Yes, he was a president of the US, but he was never my president.  
On April 9, 2008 Served with Honor said
Then move to another country, phillip5599.  You're MORE than welcome to, and you can take all your bleeding heart, communist sympathizing, traitorous loser friends with you.  You will not be missed.  By anybody, ever.  And the same goes for the rest of you cretins that wouldn't know a good President if he jumped up and bit you.
On April 9, 2008 Served with Honor said
rjsriv: You are so spot-on, it's not even funny.  Every one of your words are absolutely true.  YOU are a great American.  GOD BLESS YOU.

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