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Old October 31st 15, 07:45 PM posted to rec.collecting.coins
A. Bolmarcich
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Posts: 8
Default LBJ Coin & Chronicles Set

On 2015-10-31, Ken Barr wrote:
IIRC, the original legislation indicated that the series stopped [or was
temporarily suspended, I ferget which] when they ran up to a living or
less-than-two-years deceased president. But in 2015 the Mint apparently
"reinterpreted" the legislation so that Reagan could be honored in 2016,
skipping over Carter entirely, or relegating him to a future year.


The law specified: "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."

Paragraph (2)(E) is: "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
that President."

The interpretation that the program would stop with the *first*
President for whom a coin would not be issued due to paragraph (2)(E)
was simply wrong. Nixon, Ford, Carter, and Reagan are in line to have
coins issued in 2016. A coin will not be issued for Carter due to the
restriction to deceased Presidents.

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