Here you'll find an extensive selection of Uncirculated and Proof $1 Presidential coins. As well as handsomely colorized versions and Littleton Coin's exclusive \"Modern Presidents\" coins, which let you expand your collection to include those presidents still living. Browse single coins and sets in a wide range of years, mint marks and grades. You can even buy Presidential dollar coins in various presentation types, including display cases and Littleton's exclusive Showpak holders.
From 2007 to 2011, Presidential dollar coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. From 2012 to 2016, new coins in the series were minted only for collectors. A new coin was released on December 4, 2020, to honor George H. W. Bush, who died after the original program ended.
The act had been introduced because of the failure of the Sacagawea $1 coin to gain widespread circulation in the United States. The act sympathized with the need of the nation's private sector for a $1 coin, and expected that the appeal of changing the design would increase the public demand for new coins (as the public generally responded well to the State Quarter program). The program was also intended to help educate the public about the nation's presidents and their history. In case the coins did not catch on with the general public, then the Mint hoped that collectors would be as interested in the dollars as they were with the State Quarters, which generated about $6.3 billion in seigniorage (i.e., the difference between the face value of the coins and the cost to produce them) between January 1999 and December 2008.
Unlike the State Quarter program and the Westward Journey nickel series, which suspended the issuance of the current design during those programs, the act directed the Mint to continue to issue Sacagawea dollar coins during the Presidential series. The law states that at least one in three issued dollars must be a Sacagawea dollar. Furthermore, the Sacagawea design is required to continue after the Presidential Coin program ends. These requirements were added at the behest of the North Dakota congressional delegation to ensure that Sacagawea, whom North Dakotans consider to be one of their own, ultimately remains on the dollar coin.
However, Federal Reserve officials indicated to Congress that \"if the Presidential $1 Coin Program does not stimulate substantial transactional demand for dollar coins, the requirement that the Mint nonetheless produce Sacagawea dollars would result in costs to the taxpayer without any offsetting benefits.\" In that event, the Federal Reserve indicated that it would \"strongly recommend that Congress reassess the one-third requirement.\" The one-third requirement was later changed to one-fifth by the Native American $1 Coin Act, passed on September 20, 2007.
Previous versions of the act called for removing from circulation dollar coins issued before the Sacagawea dollar, most notably the Susan B. Anthony dollar, but the version of the act which became law merely directs the Secretary of the Treasury to study the matter and report back to Congress. The act required federal government agencies (including the United States Postal Service), businesses operating on federal property, and federally funded transit systems to accept and dispense dollar coins by January 2008, and to post signs indicating that they do so.
Rep. Jackie Speier of California circulated a \"Dear Colleague\" letter recommending that the U.S. not produce any dollar coins. She was planning to introduce legislation calling for the immediate halting of all dollar coin programs.
Since the program has terminated, producing coins for those presidents not yet honored would require another Act of Congress. On February 12, 2019, Senator John Cornyn introduced a bill to authorize a Presidential dollar honoring George H. W. Bush and an accompanying First Spouse gold coin for Barbara Bush, which was signed into law by President Donald Trump on January 28, 2020.
The act, as written, explicitly states that the First Spouse coins are to be released at the same time as their respective $1 Presidential coins. Because the act links a first spouse's eligibility for a coin to that of the presidential spouse, it means that a living first spouse could have appeared on a coin; actually this did not happen, though Nancy Reagan died only a few months before the release of her coin.
A joint inquiry by NPR's Planet Money and Investigations teams found that the coins are the wasteful byproducts of a third, failed congressional effort to get Americans to use one-dollar coins in everyday commerce.
In 2005, Congress decided that a new series of dollar coins should be minted to engage the public. These coins would bear the likeness of every former president, starting with George Washington. There would be a new one every quarter. So, far, the Mint has produced coins through the 18th president, Ulysses S. Grant.
Members of Congress reasoned that a coin series that changed frequently and had educational appeal would make dollar coins more popular. The idea came from the successful program that put each of the 50 states on the backs of quarters.
It was easier for the bill's sponsor, then-Rep. Mike Castle (R-DE), to move the presidential coin bill forward if it didn't displace other dollar coins honoring Sacagawea, the teenage Native American guide to Lewis and Clark.
So, there are now about 1.2 billion dollar-coin \"assets\" chilling in Federal Reserve vaults, unloved and bearing no interest. By the time the presidential coin series finishes, and there are coins honoring all past presidents, there could be 2 billion.
Some 2.4 billion dollar coins have been minted since the start of the program in 2007, costing taxpayers about $720 million. The government has made about $680 million in profit by selling some 1.4 billion dollar coins to the public since the program began.
The number of one-dollar coins in Federal Reserve vaults has increased steadily since the presidential dollar coin program began in 2007. This chart shows data through mid-2010, but the Federal Reserve recently said there are 1.2 billion one-dollar coins in its vaults.
As for the Harris Poll showing Americans don't want dollar coins, Paige says, \"I suspect that they just don't understand what the up sides are,\" including the fact that coins don't need to be disposed of as bills are.
You may have heard that dollar coins are more cost-effective than dollar bills. Paige and other dollar-coin advocates point out that coins last longer than bills, and that's why they save money. A coin could last 30 years, but a new dollar bill will be ready for the shredder in less than four years.
But if moving exclusively to dollar coins would save money, the question is, whose money Certainly, issuing the coins and having them circulate, rather than sit in vaults, would create a source of revenue for the government.
So, in other words, a tax The profit to the government predicted by the GAO assumes that the government would have to issue 1.5 dollar coins for every dollar bill removed from circulation. That's because people handle coins differently than they do bills.
Even if all dollar bills were replaced with coins, some say the nation's evident distaste for dollar coins will simply mean more small transactions will be done electronically. And, it could accelerate a technological trend toward payments with mobile devices.
Castle says he and others knew when they were passing the bill that widespread adoption of dollar coins would be hindered by the continuing production of dollar bills. But he says that mandating a wholesale switch from bills to coins was politically untenable then, as it is now.
U.S. Mint Director Edmund Moy (right) and Director of the Federal Reserve's Division of Reserve Bank Operations and Payment Systems Louise Roseman (left) unveiled the designs of the presidential series of $1 coins during a ceremony at the Smithsonian National Portrait Gallery Nov. 20, 2006. Alex Wong/Getty Images hide caption
The Presidential $1 Coin Act of 2005 was passed with the aim \"to revitalize the design of United States coins and return circulating coinage to its position as an object of aesthetic beauty in its own right.\" They are known for their impressive design and high level of attention to detail, with edge-incused inscriptions and oversized artwork. They have the same face value and composition as the Sacagawea dollar, though because of their collectible nature, Brilliant Uncirculated (BU) Presidential coins tend to command a somewhat higher price on the collectors' market.
The U.S. Mint is spending about $12 million on a pilot project to promote the presidential dollar coin by appealing to Americans' duty to protect the environment while saving the government money. The campaign, which may be expanded nationwide, stresses that coins last longer than dollar bills, are recyclable and could save tax money if more people used them.
Dawn Walker, training general manager at Bruegger's Bagels in Charlotte, says people are asking for the coins after she put up signs advertising that they carry the dollars featuring U.S. presidents. The favorable response has been a surprise, she says, noting people rejected the coin featuring Sacagawea, which preceded the presidential series.
The Mint's campaign is the latest attempt by the government to get consumers to spend, not just collect, dollar coins. But it's unclear if after decades of largely rejecting the money, consumers will respond. In the past, consumers and retailers have complained dollar coins were too heavy and more difficult to carry compared with bills and too close in size to quarters, leading to confusion. Many cash registers don't have a slot to hold the coins.
Greater use of dollar coins instead of bills in everyday transactions would save the government hundreds of millions of dollars a year. Coins last about 30 years, more than 16 times longer than dollar bills do. 59ce067264