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Concept
Presidential dollar coins
Summary
Presidential dollar coins (authorized by ) are a series of United States dollar coins with engravings of relief portraits of U.S. presidents on the obverse and the Statue of Liberty (Liberty Enlightening the World) on the reverse.
From 2007 to 2011, Presidential dollar coins were minted for circulation in large numbers, resulting in a large stockpile of unused 1 Coin Act of 2005, was introduced on May 17, 2005, by Senator John E. Sununu with over 70 co-sponsors. It was reported favorably out of the U.S. Senate Committee on Banking, Housing, and Urban Affairs without amendment on July 29, 2005. The Senate passed it with a technical amendment (109), by unanimous consent on November 18, 2005. The House of Representatives passed it (291-113) on December 13, 2005 (a similar bill, H.R. 902, had previously passed in the House, but it was the Senate bill which was passed by both chambers). The enrolled bill was presented to president George W. Bush on December 15, 2005, and he signed it into law on December 22, 2005.
The program began on January 1, 2007, and like the 50 State quarters program, was not scheduled to end until every eligible subject was honored. The program was to issue coins featuring each of four presidents per year on the obverse, issuing one for three months before moving on to the next president in chronological order by term in office. To be eligible, a president must have been deceased for at least two years prior to the time of minting. The United States Mint called it the Presidential 1" and the inscription "United States of America" in all caps, in the font ITC Benguiat.
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