The bill also authorizes a First Spouse bullion coin for former First Lady Barbara Bush, which is in keeping with the First Spouse Gold Coin program that ran in tandem with the Presidential $1 Coin program, but issued $10 gold coins instead. However, President Trump signed into law a new act calling for the creation of a coin to honor George H. The Mint’s run of collectable Presidential $1 Coins ended with President Ronald Reagan. For that year, Arthur was followed by Grover Cleveland, Benjamin Harrison, and.Grover Cleveland again (for his second term)! The first president represented on the private run was Chester Arthur, whose coin was released in Spring 2012. Mint continued the run, producing them instead for private purchase by collectors. But the program didn’t die, it merely changed strategy. This prompted Treasury Secretary Geithner to order that no further Presidential $1 Coins would be minted for public circulation. Well, they made it from George Washington to James Garfield.Īlas, by 2011, a massive 1.4 billion stockpile of surplus inventory was sitting, unloved, in Federal Reserve Bank vaults. The program was to run until all presidents had been honored (or at least all who’d been deceased for at least two years). On the reverse was a striking designer of Lady Liberty, created by master sculptor and engraver Don Everhart. The original intent of the Presidential $1 Coin Program was to keep the public interested by producing a new coin every three months, each bearing the artistically rendered image of a past president on the obverse side. One of the reasons for the introduction of the new $1 coin was to address the less-than-stellar popularity of the previous “Sacagawea golden dollar” coins. What happened to the Presidential $1 Coins? A little over a year later, the first of these beautiful golden specimens began rolling out of the U.S. Thus was created the exciting Presidential $1 Coin Program. A few of these sought-after rarities were the products of the Presidential $1 Coin Act of 2005 (aka Public Law No: 109-145).įor those who haven’t heard of the act, Senator John Sununu (R-New Hampshire) introduced the bill which was signed into law by President George W. Seemingly every year the government mints new coins, a select few of which go on to achieve prized status among collectors. That’s what makes it such a perfect partner for serious coin traders. It’s nearly President’s Day and what better way to celebrate than to read up on Presidential $1 Coins? It’s no secret that the U.S.
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