Presidential dollar coin

Presidential dollar coin. The Presidential dollar coin is a series of United States dollar coins featuring Presidents George Washington, John Adams, Thomas Jefferson, and James Madison, among others, and was authorized by the Presidential $1 Coin Act of 2005, signed into law by President George W. Bush. The coins were minted by the United States Mint and feature In God We Trust and E Pluribus Unum on the edge, rather than the obverse or reverse, as required by the Coinage Act of 2005, which was sponsored by Senator John E. Sununu and Representative Mike Castle. The series was designed to honor the Presidents of the United States, including Theodore Roosevelt, Calvin Coolidge, and Herbert Hoover, and was produced in Philadelphia and Denver.

Introduction

The Presidential dollar coin series was introduced in 2007, with the first coin featuring George Washington, the first President of the United States, and was followed by coins featuring John Adams, Thomas Jefferson, and James Madison, among others. The series was designed to promote numismatics and encourage people to collect coins, much like the 50 State Quarters program, which featured Delaware, Pennsylvania, New Jersey, and other states. The coins were also intended to honor the Presidents of the United States, including Abraham Lincoln, Franklin D. Roosevelt, and Dwight D. Eisenhower, and were produced in collaboration with the White House, the National Archives, and the Library of Congress. The series was also supported by Senator Harry Reid, Senator Mitch McConnell, and Representative Nancy Pelosi, among other lawmakers.

Design

The design of the Presidential dollar coin features a portrait of the President of the United States on the obverse, along with their name and the number of their term in office, and the Statue of Liberty on the reverse, along with the United States motto In God We Trust and E Pluribus Unum. The coins were designed by Don Everhart, Susan Gamble, and Joel Iskowitz, among other artists, and were reviewed by the Commission of Fine Arts and the Citizens Coinage Advisory Committee, which were established by Congress to advise on coin design. The coins feature a unique edge lettering, which includes the date, mint mark, and E Pluribus Unum, and were produced using a die-striking process, similar to the American Eagle coin and the American Buffalo coin. The design of the coins was also influenced by the Great Seal of the United States, which was designed by Charles Thomson and features a bald eagle, and the United States flag, which was designed by Betsy Ross.

Production

The production of the Presidential dollar coin was a collaborative effort between the United States Mint and the Department of the Treasury, which was led by Secretary Henry Paulson and Deputy Secretary Robert Kimmitt. The coins were produced in Philadelphia and Denver, using a combination of copper, zinc, manganese, and nickel, and were minted using a die-striking process, similar to the Kennedy half dollar and the Franklin half dollar. The production of the coins was also supported by the Federal Reserve, which was led by Chairman Ben Bernanke, and the Bureau of Engraving and Printing, which was established by Congress to produce United States currency. The coins were produced in large quantities, with over 300 million coins produced in the first year alone, and were distributed to banks and financial institutions across the United States, including JPMorgan Chase, Bank of America, and Wells Fargo.

Release

The Presidential dollar coin was released in 2007, with the first coin featuring George Washington, and was followed by coins featuring John Adams, Thomas Jefferson, and James Madison, among others. The coins were released into circulation through banks and financial institutions, and were also available for purchase through the United States Mint and other coin dealers, including Apmex and JM Bullion. The release of the coins was supported by a marketing campaign, which included television advertisements and print advertisements, and was designed to promote the coins and encourage people to collect them, much like the American Silver Eagle and the American Gold Eagle. The coins were also released in proof and uncirculated versions, which were produced using a special minting process and were available for purchase through the United States Mint and other coin dealers.

Collectibility

The Presidential dollar coin is a popular collectible item, with many people collecting the coins to commemorate the Presidents of the United States, including Theodore Roosevelt, Calvin Coolidge, and Herbert Hoover. The coins are available in a variety of grades and conditions, including proof and uncirculated versions, and can be purchased through the United States Mint and other coin dealers, including PCGS and NGC. The collectibility of the coins is also supported by the American Numismatic Association, which was established by Congress to promote numismatics and encourage people to collect coins, and the Professional Coin Grading Service, which was established to grade and authenticate coins. The coins are also popular among coin collectors, including Q. David Bowers and David W. Lange, who have written extensively on the subject of numismatics and coin collecting. Category:Coins of the United States