Inaugural $1 Presidential Coin Released
The U.S. Mint has launched a new Presidential $1 Coin Program, similar to the successful state quarter program. Initiated by Congress with the Presidential $1 Coin Act of 2005, the move was designed both to honor U.S. presidents and maintain interest in a dollar coin.
The father of our country debuts
The coins bearing likenesses of each president will roll out in the order in which each served. The presidential dollar program is expected to run through at least 2016. Reserve Banks will receive the coins from the U.S. Mint and circulate them through financial institutions.
In addition to Washington, the 2007 coins will commemorate John Adams (to be released May 18), Thomas Jefferson (Aug. 17), and James Madison (Nov. 16).
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