Great Law of Peace
Both the name of the dollar coin and the constitution made by the Iroquois nations. This Great Law of Peace influenced America's founders and how they wrote the United States Constitution. As with most treaties this original laws involved everything from holidays, emigration, rights in wars, and even how long to mourn the dead.
I would not say it is ironic but something close enough that may do away with these dollar coins. By law these Native American coins must make up 20% of all dollar coins. Slight problem with that is that aside from New York City no else wants these, I got this one from a Metrocard machine. Currently over 1.25 billion dollar coins are sitting in surplus storage with no plans to ship. Solutions floating around call for ending the dollar coin program or scale back production to almost nothing. Modifying the 20% law could be better.
Another law allows people to buy thousands of dollars coins and have them shipped for free. Some people have done this with credit cards and then quickly payoff the bill with the same coins. This little scam gets them reward points essentially for free. Granted the coins do get to local banks but never really get circulated.
Current coin laws are bound to change but often they go against collectors...1933 verdict.
Reminder the date and mintmark is on the edge.
Here's the stats...
Type/Country: 1 Dollar-Native American / United States
Year: 2010 P (Edge normal)
Metal: 88.5% Copper, 6% Zinc, 3.5% Manganese, and 2% Nickel
Value: $1.00 in F-12
Do you have a dollar coin and want to know how much it's worth? Leave a comment/question and I will do my best to find out the price and history for you.