
Maddy's Library
| The SBA Dollar: A Retrospective On the 20th anniversary of legislation authorizing the Susan B. Anthony dollar, the author takes a look at the circumstances surrounding its creation. |
by Jillian Leifer | |
TWENTY YEARS AGO, on October 10, 1978, President Jimmy Carter signed into law the Susan B. Anthony Dollar Act. Under the provisions of this legislation, the United States Mint manufactured small-sized dollars dated 1979 to 1981. As the supply of Anthony dollars is nearly exhausted and the Mint prepares to introduce its replacement in 1999, this is an appropriate time to reflect on the circumstances that surrounded its approval. The minting of the Susan B. Anthony dollar represented a unique combination of economic, political, historical and social influences. Understanding these influences provides an awareness of the richness of our nation's numismatic heritage. Studying the economic repercussions of the dollar's production affords an opportunity to observe the dynamics of American capitalism in action. Analysing the politics behind the mintage of the coin provides an opportunity to understand the democratic process at work. Tracing the history of the Anthony dollar teaches valuable lessons about the growth of women's rights in America. Grappling with the social issues involved in the coin's creation exemplifies the interplay of majority and minority groups in our country. |
![]() The Anthony dollar (top) quickly earned the nickname "mini-dollar." The 8.1 g, 26.5mm coin is 30-percent smaller than its predecessor, the Eisenhower dollar (bottom), and represents the first U.S. coinage demonination to be reduced in size in more than 120 years. Its 11-sided inner border was designed to provide tactile recognition for the visually challenged. |
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Economic Considerations Creation of a smaller dollar coin was primarily an economic decision. In 1975 the United States Mint commissioned the Research Triangle Institute to study coin denominations and alloys, as well as coinage system alternatives. The Institute recommended a reduction in the size of the dollar coin, suggesting that it fall somewhere between the quarter and half-dollar. It insisted that a smaller coin would save the government millions of dollars and made it clear that the Eisenhower dollar was cumbersome and unpopular with the American people. In 1976 a study commissioned by the Treasury Department, "A New Smaller Dollar Coin: Technical Considerations," brought the idea of a smaller dollar one step closer to reality. At this point, the Treasury tested several designs. The following year, Treasury Chief William E. Simon issued a "State of Coinage Report," in which the Treasury Department advocated the minting of a new "mini-dollar" coin, once again citing economics as its primary motivation. Federal Reserve Board Governor Philip E. Coldwell championed this claim in testimony before a House subcommittee: The Federal Reserve spent 48 million dollars for printing new currency in fiscal year 1976. Of that 48 million dollars, 28 million dollars was spent to print nearly two billion dollar notes. If all these dollar notes were replaced by coins, the Federal Reserve would realize savings of 28 million dollars in printing costs. The Treasury Department estimated that replacing the Eisenhower dollar with mini dollars would result in savings of $4.5 million. Even greater savings would be achieved by replacing circulating dollar notes with the mini-dollar coin. The Treasury Department compared the 15-year estimated service life of a dollar coin to the 18-month life span of a $1 note. Replacing only 20 percent of the $2.4 billion worth of outstanding $1 notes with dollar coins would save yet another $4.8 million. Mint Director Stella Hackel summed up other advantages: |
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Coins are faster and easier to handle. The automatic merchandising industry will be able to offer a far wider range of products to the American consumer. It will broaden the scope of the vending machine industry and increase efficiency of automated coin returns for cashiers. The creation of a smaller sized dollar also represents the modernization of currency and coins in this country. Opposition to the mini coin came from the American Bankers' Association (ABA). An ABA spokesman hit hard at the lack of definition in Administration policy, accusing the government of a "piece-meal approach to the nation's circulating coin and currency system." The bankers believed "there [was] a lack of fundamental market research and a master plan for the future of the dollar." The group also feared that the Treasury had no plans to promote the circulation of the new mini dollar and felt it was doomed to failure without an adequate public information campaign. In support of their claim, they cited the failfure of the $2 bill. There are certain long term business interests which must be considered in any
coinage change. Consumer substitution of dollar coins for dollar bills may work well
on paper but not necessarily in practice. Fiscal responsibility demands that the
Mint carry out studies before it changes its coinage. |
"Coins are faster and easier to handle. The automatic merchandising industry will be able to offer a far wider range of products to the American consumer."
Representatives of the vending-machine industry endorsed the concept of a smaller dollar coin. However, they failed to follow through by converting equipment to accomodate the new coin. |
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who inserted close to ten million coins every hour around the clock in vending machines in 1976. The proposed coin blanks have been tested by industry experts at the request of the Bureau of the Mint and were found to be satisfactory. According to our studies[,] the lack of public interest in the current dollar coin is directly attributable to its cumbersome size and weight. Hindsight proved the
bankers correct. Despite Treasury Department hopes to reap large fiscal savings, the
coin failed to catch on with the public. Most Americans rejected the Anthony dollar
because they confused it with the quarter. In addition, NAMA never followed through
on its commitment to a wide-scale conversion of vending machines to accomodate the new
coin. |
"According to our studies[,] the lack of public interest in the current dollar coin is directly attributable to its cumbersome size and weight." |
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Political Influences The legislative process through which the Susan B. Anthony Dollar Act became law illustrates the strong role politics played in its mintage. The design of United States coins can be traced to the Mint Act of April 2, 1792, which required all to bear a portrait symbolic of liberty. For more than 115 years, allegorical female figures known simply as "Miss Liberty" represented this ideal. |
![]() Actual Size 26.5mm |
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The United States Mint and the Treasury Department originally intended the new mini dollar to carry a Flowing Hair Liberty. When Representative Mary Rose Oakar (D-Ohio) introduced a bill providing for the portrait of Susan B. Anthony, a political controversy erupted. Oakar's legislation created a political stir by advocating a change in precedent. Oakar argued: We have never had the face of a woman who actually lived, memorialized on a United States coin. [T]he choice of the mythical figure of "Miss Liberty" is not an appropriate figure to symbolize American womankind just as I don't think Uncle Sam and Father Time belong on United States coins to represent mankind. In her introduction of the Susan B. Anthony Bill, Oakar
praised Anthony's lifelong dedication to the Women's Rights movement, attributing the
passage of the 19th Amendment to her leadership. |
"...'Miss Liberty' is not an appropriate figure to symbolize American womankind just as I don't think Uncle Sam and Father Time ... represent mankind." In 1868 Women's Rights pioneers Susan B. Anthony (left) and Elizabeth Cady Stanton (right), pictured together around 1900, published a newspaper that championed their cause. |
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| Lending support to Anthony's portrait was Frank
Gasparro, chief engraver of the Mint, and creator of both the Anthony and Flowing Hair
Liberty motifs. Gasparro argued, "The Anthony design for the dollar coin will
serve as a teaching tool. It will cause people to consider and question who Susan B.
Anthony was and her role in history." The Treasure Department supported Gasparro's Flowing Hair Liberty. Secretary of the Treasury W. Michael Blumenthal attacked Oakar's proposal: "Although many women have made substantial contributions to the nation, they've all fallen short of the presidency. To depart from the past precident of using 'Miss Liberty' would surely invite unnecessary controversy." Additional protests poured into government offices from numismatists around the country who supported the Flowing Hair Liberty. Collectors argued that the magnificence of Gasparro's design deserved recognition. One collector summed up the arguments when he wrote: |
![]() Chief Engraver of the United States Mint Frank Gasparro (shown) created the Susan B. Anthony portrait as well as the proposed Flowing Hair Liberty design. |
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Mr. Gasparro's design is beautiful. I firmly believe that such a symbol as Liberty does, in fact[,] represent U.S. women and U.S. men. "She" does not represent a single issue or cause, as some of the actual people suggested do; but rather, everything America stands for - freedom, justice, peace . . . I would think that the modern American woman would be proud that such ideals would be represented by a female figure. Despite the opposition, Oakar introduced
the bill to the House Committee on Banking, Finance and Urban Affairs. At the same
time, Senator William Proxmire (D-Wisconsin), chairman of the Senate Banking Committee,
sponsored a similar bill in the Senate. Both houses of Congress successfully
advocated the inclusion of Susan B. Anthony's portrait, and the Treasury Department and
Mint bowed to the legislative mandate. On August 22, 1978, the Senate passed the
bill providing for the striking of a new, reduced size dollar coin carrying the image of
the 19th-century suffragist Susan B. Anthony on the obverse. The reverse would bear
the Eisenhower dollar's Apollo 11 motif. Not a single Senator dissented.
On September 26, 1978, the House of Representatives approved by a vote of 368 to
38. |
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| The last hurdle was approval by the United States
Commission of Fine Arts. Initially, the Commission returned the Anthony portrait to
Chief Engraver Frank Gasparro, requesting that he "strengthen the design.
Members of the Commission wanted less glamor, more toughness, less refinement and more of
Anthony's real strong face." Gasparro willingly complied. Anticipating high demand for the new dollar, the government decided to get a jump on production. Therefore, the Mint struck the first Susan B. Anthony dollar coins in Philadelphia on December 13, 1978, with 1979 dates and the first "P" mintmark since the silver nickels of World War II. Denver production began on January 9, 1979, and San Francisco minting began on February 2, 1979. |
"Members of the Commission wanted less glamor, more toughness, less refinement and more of Anthony's real strong face." | |
Historical Context The historical significance of Susan B. Anthony's portrait on the silver dollar lies in her contributions to the women's movement. The coin symbolizes the long and difficult struggle of American women to obtain equal rights, a struggle to which Susan B. Anthony dedicated her life. According to Lynn Sherr, television news correspondent, in her Anthony biography Failure is Impossible: Anthony . . . carefully, wittily, and sometimes painfully laid the groundwork for virtually every right we [have as women today. She] not only helped create the first women's movement in this country, she led it, brilliantly, for more than fifty years. Indeed, it was her tireless dedication to The Cause - the drive for the most crucial political right of all, the vote - and her astounding skill at organization that not only changed laws and attitudes, but also helped introduce the entire realm of equal rights to a very reluctant nation. Anthony branded herself a "radical egalitarian," insisting that "no human being was superior to or inferior to any other." This belief in the equality of all human beings underscored both her public and private life and served as the guiding force in all of her relationships and her work. She used this principle in deciding campaign strategies and dealing with confrontations. Anthony also used this "radical egalitarianism" to justify her status as a single woman: |
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| When I am crowned with all the rights, privileges, and immunities of a citizen, I may give some consideration to this social institution; but until then I must concentrate all of my energies on the enfranchisement of my own sex. Anthony began her career as a schoolteacher, and her democratic and progressive views on education again reflected her radical egalitarianism. She also showed a strong commitment to public education. In an 1862 letter to longtime friend and fellow women's rights pioneer Elizabeth Cady Stanton, she wrote: Any and every private education is a blunder, it seems to me. I believe those persons stronger and nobler who have from childhood breasted the commonalty. If children have not the innate strength to resist evil, keeping them apart from what they must inevitably one day meet, only increases their incompetency. Keenly aware of the lack of educational opportunities available to women, Anthony dedicated many years to the fight for coeducation. Says Sherr, "At a time when separate schools for female students were catching on, she remained a relentless advocate of coeducation." She delivered several speeches arguing for the sexes to be educated together. In 1856 Anthony explained her belief that [b]oth sexes eat, sleep, hate, love and desire alike. Everything which relates to the operations of the mind is common to both sexes. . . . If they are allowed to attend picnics together, and balls, and dancing schools, and the opera, it certainly will not injure them to use chalk at the same blackboard. She soon realized, however, that teaching did not leave her enough time to work for social reform. By 1848 she had abandoned her career and plunged herself into a life dedicated to social reform. Although her chief concern centered on women's rights, she also fought for temperance and the abolition of slavery. A few years before the Civil War, she offered her views on the institution: |
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[Slavery] is the Legalized, Systematic robbery of the bodies and souls of nearly four millions of men, women, and children. It is the Legalized traffic in God's Image . . . . We demand the abolition of slavery because the slave is a human being, and because man should not hold property in his fellowman.
What bothered Anthony most about drinking was the abusive effect alcoholic husbands had on
the lives of their wives and children. She believed that her work in the temperance
movement turned her into a feminist. |
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There were [hundreds of cases] in which designing men would marry innocent girls for their money, and almost as soon as the marriage vow was uttered, would waste their wives' dowry in riotous living. If a man failed[,] his creditors attached his wife's property, and frequently took away from her everything she had . . . . There were cases where women with lazy or dissipated husbands would try to work and support themselves and their little ones and when it came around to the . . . payday . . . the wretched husband would appear . . . and collect the proceeds of her toil and let her go home penniless . . . . And stranger still the father had the right of custody over the children at the expense of the mother. These facts will illustrate a condition in which women had no rights and no privileges; where, in fact, they hardly had a soul to call their own. The thing struck me so forcibly that I determined to enter public life and battle for my sex.
Anthony also embarked on a campaign to change the laws concerning ownership of property by
women. First she arranged a series of regional conventions in New York. From
there, she organized petition campaigns designed to change the property laws for married
women in that state. She and her co-workers started a door-to-door campaign.
Braving the vicious winter weather of upstate New York, they collected more than 6,000
signatures in a 10-week period. In 1860, after five years of petition drives, state
canvasses and legislative hearings, New York passed a law allowing married women to own
separate property, to carry on business in their own names, to enter into contracts, to
sue and be sued, and to be the joint guardian of their children. |
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Inasmuch as man, in the progress of his development, found that at each advancing step new wants demanded new rights . . . it is his duty to stand aside and leave to woman the same rights. It is in the struggle to win their rights that women learn the depth of male resistance to woman's emancipation. That resistance and the struggle itself often make it difficult to see and expose other levels of domination . . . winning a new right exposes other issues and clarifies the direction for the movement's next struggle. Always witty
and spunky in speaking out for the rights of married women, Anthony was challenged by
renowned abolitionist Reverend A.D. Mayo of Rochester, New York. When Mayo accused
her of being single and thus having no business discussing married women's rights, Anthony
quipped, "Well, Mr. Mayo, you are not a slave, suppose suppose you quit lecturing on
slarery." |
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[Anthony] possessed a reporter's curiosity and a columnist's convictions; a publicist's savvy; a sales manager's drive and so much charisma as a celebrity that the mere mention of her name in the headlines sold papers . . . . Acutely aware of the power of the printed word, she was a one-woman press phenomenon.
In the 1872 presidential election, Anthony doggedly lobbied both parties to include
"a plank in your platform that shall assert the duty of the National Government to
protect women citizens in the exercise of their right to vote; & thereby make it
possible for women possessed of true self-respect to advocate the claims of [your] party
to the suffrages of the people." |
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Yes, your honor, I have many things to say; for in your ordered verdict of guilty you have trampled under foot every vital principle of our government. My natural rights, my civil rights, my political rights, my judicial rights, are all alike ignored. Robbed of the fundamental privilege of citizenship, I am degraded from the status of a citizen to that of a subject; and not only myself individually but all of my sex are, by your honor's verdict, doomed to political subjection under this so-called republican form of government . . . . and I shall earnestly and persistently continue to urge all to the practical recognition of the old Revolutionary maxim, "Resistance to tyranny is obedience to God." By 1882 Anthony's movement had its own committee working in the Senate and in 1890 its own committee room. As she happily remarked, "Oh, we are getting along, but it takes a long time to educate public opinion in a matter like this." This was no exaggeration on her part. Her tireless devotion to the cause can be seen in a diary entry made at the age of 78: I have delivered 75 to 100 speeches a year for forty-five years, not counting thirty years of addresses to Congress and the New York State Legislature. I spoke in churches, parlors, town halls, opera houses, and vaulted state capitals; in Colorado I climbed atop a billiard table for one lecture and a dry goods box on the courthouse steps for another. I addressed farmers in Kansas, students in New York, townfolk in Iowa, others in Missouri. I spoke against a background of crying babies, raging thunderstorms and welcoming applause. As the years passed, Anthony became a charismatic leader,
earning for herself the nickname "Napoleon of women's rights." Her total
commitment to the women's movement, her strong principle of "radical
egalitarianism," and her personal strength and boundless energy motivated those with
whom she came into contact. The paramount reason why Susan B. Anthony should be the Apostle of the Women's Rights cause is that she has never surrendered to man her independence, nor annihilated her personality by marriage, nor promised to honor and obey a male master. Although Anthony did not live to see the 19th Amendment, she never questioned that it would become a reality. At the 1906 meeting of the National American Woman Suffrage Association - her last speech before the public - she put forth this inspiring prophecy: There have been others also just as true and devoted to the cause - I wish I could name every one - but with such women consecrating their lives, failure is impossible! |
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Social Impact Socially, Anthony's portrait on the silver dollar serves as more than a mere reminder of the American woman's struggle for liberty and equality. It inspires future generations to continue the fight to secure liberty and human rights for all Americans. It teaches Americans that they must stand up against those individuals who, as part of the majority, feel they have the right to control those in the minority. Through her courage, persistence and dedication, Susan B. Anthony provided an example of each American citizen's obligation to join in the struggle for human rights and freedom. Anthony fought for social issues that bear as much relevance today as they did 100 years ago. Sherr reminds us that [Susan B. Anthony] dealt not only with the vote, but with most of the same issues confronting modern women - domestic violence, . . . the value of female friendship, the victimization of prostitutes, the battle for equal pay. Although the Susan B. Anthony coin never achieved the popularity its creators hoped for, it remains a symbol of bold aspirations and high ideals. Not everything in our society can be measured in terms of economic gain. The Anthony dollar demonstrated that a country can respond not only to economic influences, but also to political, historical and social influences. The Susan B. Anthony coin celebrates the commitment to "liberty and justice for all" that has become the ha;;mark of our country. |
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Sources Alexander, David T. The Comprehensive Catalog and Encyclopedia of U.S. Coins. New York: Avon Books, 1995. Barry, Kathleen. Susan B. Anthony: A Biography of a Singular Feminist. New York: New York University Press, 1988. Ganz, David L. "Anthony Accorded Little Recognition." Coin World (May 10, 1978). _____. "Anthony Coins Struck." Coin World (December 27, 1978) _____. "Anthony Design Snowball Growing as Congress Considers Mini-Dollar." Coin World (August 2, 1978) _____. "Anthony Dollar to Sport 'P' Mintmark." Coin World (December 27, 1978) _____. "Bankers Censure Government Policy on Coins, Currency." Coin World (June 14, 1978) _____. "Full Senate Passes Mini-Dollar Bill." Coin World (September 6, 1978) _____. "Liberty 'Si,' Anthony 'No!' Say Readers." Coin World (July 12, 1978) _____. "Way Clears for Anthony Dollar." Coin World (October 4, 1978) _____. "Witnesses Testify of Proposed Mini Buck." Coin World (May 31, 1978) Sherr, Lynn. Failure Is Impossible: Susan B. Anthony in Her Own Words. New York: Times Books, Random House, 1995. |
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| Jillian Leifer is a college student from Wayland, Massachusetts. This article is based on "The Susan B. Anthony Dollar," her 1997 submission to the Professional Coin Grading Service (PCGS) essay contest. |
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| Reprinted from THE NUMISMATIST, official publication of the American Numismatic Association, 818 N. Cascade Ave., Colorado Springs, CO 80903-3279, telephone 800-367-9723, fax 719-634-4085, E-mail ana@money.org, http://www.money.org. |
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