The American Innovation Dollar Coin recognizes Tennessee’s contributions in recognition of the Tennessee Valley Authority (TVA).
By the mid-1930s, 9 out of 10 rural homes still lacked electricity, so the TVA was created in 1933 by Congress to construct transmission lines supplying power to “farms and small villages that cannot otherwise access electricity at reasonable rates.”
Tennessee Valley Authority Act of 1933
On May 18, 1933, President Roosevelt signed the Tennessee Valley Authority Act. Under this act, the TVA was established.
The Authority was one of Roosevelt’s alphabet agencies, including the WPA and CCC. They were responsible for implementing the New Deal’s programs.
A significant part of the TVA’s purpose was to make the Tennessee River more navigable, replant marginal lands in the Tennessee Valley watershed, and develop agriculture, commerce, and industry. The TVA also operated Wilson Dam. In addition, the Authority also provided services to Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina, and Virginia.
The Tennessee Valley Authority could also acquire land along the Tennessee River and tributaries to construct dams, reservoirs, transmission lines, and power plants.
The TVA was designed to reduce poverty and modernize one of the most impoverished regions in the United States. As a result, everyone had access to reliable and affordable energy. As a result, rural areas received electricity for the first time, promoting economic development and generating jobs.
American Innovation Dollar Characteristics
This design showcases a dramatic profile of the Statue of Liberty on the obverse (heads). In addition, a stylized gear appears on the face, representing innovation and industry.
The design on the reverse (tails) features newly installed powerlines along a Tennessee farm road.
2022 Tennessee Valley Authority – American Innovation Dollars
Authorizing Legislation: H.R. 770, American Innovation $1 Coin Act
Click here to buy the 2022 Tennessee Innovation Dollars on eBay
Dollar Obverse Inscriptions
In God We Trust
$1
Dollar Reverse Inscriptions
United States of America
Tennessee
Tennessee Valley Authority
Incused Edge Inscriptions
2022
Mint Mark
E Pluribus Unum
Mint & Dollar Mint Marks
Denver and Philadelphia in Business Strikes
San Francisco in Proof and Reverse Proof Strikes
Available Dollar Mint Strikes
Business, Proof & Reverse Proof
American Innovation Dollar Specifications
Composition: 88.5% Copper, 6% Zinc, 3.5% Manganese and 2% Nickel
Weight: 8.1 grams
Thickness: 2.0mm
Edge: Incused Letter
Diameter: 26.49mm
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