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2006 Benjamin Franklin “Founding Father” Silver Dollar Coin

CoinTrapTM Commentary: Benjamin Franklin was born January 17, 1706.  Franklin was the only person to sign all four of the major documents instrumental to the founding of the United States – the Declaration of Independence, the United States Constitution, the Treaty of Paris, and the Treaty of Alliance, Amity and Commerce, in which France recognized and supported the United States.

Benjamin Franklin was a prolific writer and is well-known for his “Poor Richard’s Almanack,” the annual best-selling pamphlet with aphorisms like, "Early to bed, and early to rise, makes a man healthy, wealthy and wise."

The obverse of the “Founding Father” silver dollar features a stately image of Franklin. The reverse of the coin is based from a 1776 Continental Dollar, featuring designs originally created by Benjamin Franklin.

Coin Value: What is the value of your Benjamin Franklin ”Founding Father” Silver Dollar coin?  It depends. (Yep, as usual.) The Benjamin Franklin ”Founding Father” Silver Dollar coin worth or value depends on these main factors: (1) your coin’s grade, (2) whether it is a proof coin (Deep Cameo or DCAM) having a mirror-like polished finish, and (3) scarcity/demand. Regarding your coin’s grade, it has become a standard in the field of numismatics (coin collecting) to grade coins on a point-scale from 1 (poor) to 70 (perfect). This is also referred to as the “Mint State” or just “MS” for short. Click here to find the up-to-date estimated value of your Benjamin Franklin ”Founding Father” Silver dollar coin from the Professional Coin Grading Service (PCGS®), which takes all three factors mentioned above into account*. If you do not know the grade of your Benjamin Franklin ”Founding Father” Silver coin, you can take it to your local coin dealer and ask that they have it graded at one of the three major coin grading services.

2006 Benjamin Franklin Founding Father Silver Dollar Coin - Obverse

2006 Benjamin Franklin Founding Father Silver Dollar Coin - Reverse

Obverse - Benjamin Franklin “Founding Father” Silver Dollar Coin

Engraver:  Don Everhart
 

Reverse - Benjamin Franklin “Founding Father” Silver Dollar Coin

Engraver: Donna Weaver
 

United States Mint images. CoinTrap.com is not affiliated with the United States Government in any way. Click here for terms and conditions.

    BENJAMIN FRANKLIN COMMEMORATIVE COIN ACT

    [[Page 118 STAT. 3878]]

    Public Law 108-464
    108th Congress

                                     An Act

    To require the Secretary of the Treasury to mint coins in commemoration
      of the tercentenary of the birth of Benjamin Franklin, and for other
               purposes. <<NOTE: Dec. 21, 2004 -  [H.R. 3204]>>

       Be it enacted by the Senate and House of Representatives of the
    United States of America in Congress assembled, <<NOTE: Benjamin
    Franklin Commemorative Coin Act. 31 USC 5112 note.>>

    SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Benjamin Franklin Commemorative Coin
    Act''.

    SEC. 2. FINDINGS.

       The Congress finds the following:
               (1) Benjamin Franklin made historic contributions to the
           development of our Nation in a number of fields: government,
           business, science, communications, and the arts.
               (2) Benjamin Franklin was the only Founding Father to sign
           all of our Nation's organizational documents.
               (3) Benjamin Franklin spent his career as a successful
           printer, which included printing the official currency for the
           colonies of Pennsylvania, Delaware, New Jersey and Maryland.
               (4) Franklin's ``Essay on Paper Currency'' of 1741 proposed
           methods to fix the rate of exchange between the colonies and
           Great Britain.
               (5) Benjamin Franklin, during the American Revolution,
           designed the first American coin, the ``Continental'' penny.
               (6) Franklin made ``A Penny Saved is A Penny Earned'' a
           household phrase to describe the American virtues of hard work
           and economical living.
               (7) Franklin played a major role in the design of the Great
           Seal of the United States, which appears on the One Dollar Bill
           and other major American symbols.
               (8) Before 1979, Benjamin Franklin was the only non-
           president of the United States whose image graced circulating
           coin and paper currency.
               (9) The official United States half dollar from 1948-1963
           showed Franklin's portrait, as designed by John Sinnock.
               (10) Franklin's ``Way to Wealth'' has come to symbolize
           America's commitment to free enterprise.
               (11) The Franklin Institute Science Museum in Philadelphia
           houses the first steam printing machine for coinage, used by the
           United States Mint, which was placed in service in 1836, the
           130th anniversary year of Franklin's birth.
               (12) In 1976, Franklin Hall in The Franklin Institute
           Science Museum in Philadelphia was named the Official National
           Monument to the great patriot, scientist and inventor.

    [[Page 118 STAT. 3879]]

               (13) The Franklin Institute and four other major Franklin-
           related Philadelphia cultural institutions joined hands in 2000
           to organize international programs to commemorate the
           forthcoming 300th anniversary of Franklin's birth in 2006.
               (14) The Congress passed the Benjamin Franklin Tercentenary
           Act in 2002, creating a panel of distinguished Americans, with
           its Secretariat in Philadelphia, to work with the private sector
           in recommending appropriate Tercentenary programs.

    SEC. 3. COIN SPECIFICATIONS.

       (a) Denominations.--The Secretary of the Treasury (hereinafter in
    this Act referred to as the ``Secretary'') shall mint and issue the
    following coins:
               (1) $1 silver coins with younger franklin image on
           obverse.--Not more than 250,000 $1 coins bearing the designs
           specified in section 4(a)(2), each of which shall--
                       (A) weigh 26.73 grams;
                       (B) have a diameter of 1.500 inches; and
                       (C) contain 90 percent silver and 10 percent copper.
               (2) $1 silver coins with older franklin image on obverse.--
           Not more than 250,000 $1 coins bearing the designs specified in
           section 4(a)(3), each of which shall--
                       (A) weigh 26.73 grams;
                       (B) have a diameter of 1.500 inches; and
                       (C) contain 90 percent silver and 10 percent copper.

       (b) Legal Tender.--The coins minted under this Act shall be legal
    tender, as provided in section 5103 of title 31, United States Code.
       (c) Numismatic Items.--For purposes of section 5136 of title 31,
    United States Code, all coins minted under this Act shall be considered
    to be numismatic items.
       (d) Use of the United States Mint at Philadelphia, Pennsylvania.--It
    is the sense of the Congress that the coins minted under this Act should
    be struck at the United States Mint at Philadelphia, Pennsylvania, to
    the greatest extent possible.

    SEC. 4. DESIGN OF COINS.

       (a) Design Requirements.--
               (1) In general.--The design of the coins minted under this
           Act shall be emblematic of the life and legacy of Benjamin
           Franklin.
               (2) $1 coins with younger franklin image.--
                       (A) Obverse.--The obverse of the coins minted under
                   section 3(a)(1) shall bear the image of Benjamin
                   Franklin as a young man.
                       (B) Reverse.--The reverse of the coins minted under
                   section 3(a)(1) shall bear an image related to Benjamin
                   Franklin's role as a patriot and a statesman.
               (3) $1 coins with older franklin image.--
                       (A) Obverse.--The obverse of the coins minted under
                   section 3(a)(2) shall bear the image of Benjamin
                   Franklin as an older man.
                       (B) Reverse.--The reverse of the coins minted under
                   section 3(a)(2) shall bear an image related to Benjamin
                   Franklin's role in developing the early coins and
                   currency of the new country.
               (4) Designation and inscriptions.--On each coin minted under
           this Act there shall be--

    [[Page 118 STAT. 3880]]

                       (A) a designation of the value of the coin;
                       (B) an inscription of the year ``2006''; and
                       (C) inscriptions of the words ``Liberty'', ``In God
                   We Trust'', ``United States of America'', and ``E
                   Pluribus Unum''.

       (b) Selection.--The design for the coins minted under this Act shall
    be--
               (1) selected by the Secretary after consultation with the
           Commission of Fine Arts; and
               (2) reviewed by the Citizens Coinage Advisory Committee
           established under section 5135 of title 31, United States Code.

    SEC. 5. ISSUANCE OF COINS.

       (a) Quality of Coins.--Coins minted under this Act shall be issued
    in uncirculated and proof qualities.
       (b) Commencement of Issuance.--The Secretary may issue coins minted
    under this Act beginning January 1, 2006, except that the Secretary may
    initiate sales of such coins, without issuance, before such date.
       (c) Termination of Minting Authority.--No coins shall be minted
    under this Act after December 31, 2006.

    SEC. 6. SALE OF COINS.

       (a) Sale Price.--Notwithstanding any other provision of law, the
    coins issued under this Act shall be sold by the Secretary at a price
    equal to the face value, plus the cost of designing and issuing such
    coins (including labor, materials, dies, use of machinery, overhead
    expenses, and marketing).
       (b) Bulk Sales.--The Secretary shall make bulk sales of the coins
    issued under this Act at a reasonable discount.
       (c) Prepaid Orders at a Discount.--
               (1) In general.--The Secretary shall accept prepaid orders
           for the coins minted under this Act before the issuance of such
           coins.
               (2) Discount.--Sale prices with respect to prepaid orders
           under paragraph (1) shall be at a reasonable discount.

       (d) Sales of Single Coins and Sets of Coins.--Coins of each design
    specified under section 4 may be sold separately or as a set containing
    a coin of each such design.

    SEC. 7. SURCHARGES.

       (a) Surcharge Required.--All sales shall include a surcharge of $10
    per coin.
       (b) Distribution.--Subject to section 5134(f) of title 31, United
    States Code, all surcharges which are received by the Secretary from the
    sale of coins issued under this Act shall be promptly paid by the
    Secretary to the Franklin Institute for purposes of the Benjamin
    Franklin Tercentenary Commission.
       (c) Audits.--The Franklin Institute shall be subject to the audit
    requirements of section 5134(f)(2) of title 31, United States Code, with
    regard to the amounts received by the Institute pursuant to subsection
    (b).
       (d) Limitation.--Notwithstanding subsection (a), no surcharge may be
    included with respect to the issuance under this Act of any coin during
    a calendar year if, as of the time of such issuance, the issuance of
    such coin would result in the number of commemorative coin programs
    issued during such year to exceed the annual 2 commemorative coin
    program issuance limitation under section

    [[Page 118 STAT. 3881]]

    5112(m)(1) of title 31, United States Code (as in effect on the date of
    the enactment of this Act). The Secretary of the Treasury may issue
    guidance to carry out this subsection.

       Approved December 21, 2004.

    LEGISLATIVE HISTORY--H.R. 3204:
    ---------------------------------------------------------------------------

    CONGRESSIONAL RECORD, Vol. 150 (2004):
               Nov. 17, considered and passed House.
               Dec. 7, considered and passed Senate.
     

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