{"id":305119,"date":"2019-08-01T06:06:28","date_gmt":"2019-07-31T20:06:28","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=305119"},"modified":"2019-08-01T06:06:28","modified_gmt":"2019-07-31T20:06:28","slug":"us-mint-1-coin-exists","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/us-mint-1-coin-exists\/","title":{"rendered":"US Mint: $1 coin exists"},"content":{"rendered":"
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One-dollar coins are 13mm in size and with a gold finish.\u00a0The coins currently in circulation in the U.S. mainland have the faces of America\u2019s sixth and 12th\u2019s president John Quincy Jones and Zachary Taylor. (Bea Cabrera)<\/figcaption><\/figure>\n

Aside from the $1 bill, the $1 coin exists and was, in fact, released by the U.S. Mint in the 1700s but its use never became popular in the U.S. mainland, then and now. Only a few states have this in circulation and, currently, none here in the CNMI.<\/p>\n

In the 1800s, it is believed that since the gold $1 coin measures just 13mm, people found it hard to keep, especially at a time when $1 was a day\u2019s wage. Since then its use never picked up.<\/p>\n

U.S. Mint director David Ryder said that $1 coins are still in production in the U.S. mainland but circulation is limited and deciding which coins should be distributed across the United States is a decision made only by the U.S. Federal Reserve.<\/p>\n

\u201cI didn\u2019t quite frankly know that there weren\u2019t $1 coins here in the CNMI. It is not a coin that circulates very brightly as it is a coin of very small distribution,\u201d he said. \u201cIt is still in use in the [U.S.] mainland but not widely because it is not a popular product. People don\u2019t use it and that\u2019s probably the reason why you don\u2019t see it here.\u201d <\/p>\n

Commerce Secretary Mark Rabauliman said he hasn\u2019t seen $1 coins in the CNMI. \u201cBut if the coin reaches the islands and start circulating, then we should recognize it as it is an official coin of the United States of America,\u201d he said.<\/p>\n

\u201cIf businesses and commercial establishments encounter such a coin, especially when a customer uses a $1 coin to pay for something, and they are unsure whether they should accept it or not, they can call the Department of Commerce at (670) 664-3000 and we will gladly help them with their inquiry,\u201d he added.<\/p>\n

The ones currently in circulation in the U.S. mainland have the faces of America\u2019s sixth and 12th president John Quincy Jones and Zachary Taylor, respectively.<\/p>\n

Ryder said the U.S. Mint has manufactured millions of them over the years and many of the early ones are stored in their vaults. \u201cHopefully, one day, some might come here.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Aside from the $1 bill, the $1 coin exists and was, in fact, released by…<\/p>\n","protected":false},"author":30,"featured_media":305120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[],"class_list":["post-305119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/305119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=305119"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/305119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/305120"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=305119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=305119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=305119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}