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WASHINGTON - Following the popularity of United States 50 State Quarters Program, The U.S. Mint yesterday unveiled the designs for a new series of circulating Presidential $1 Coins that will be introduced into circulation beginning next year.
The $1 coins are being introduced as a result of the Presidential Coin Act of 2005, which requires the United States Mint to mint the dollar coins commemorating the service of former United States Presidents in the order in which they served.
"The new Presidential $1 Coins are an educational and fun way to learn about former Presidents," said mint director Edmund C. Moy. "Our research indicates that, like the 50 State Quarters coins, the Presidential $1 Coins will be popular with millions of Americans."
Like the United States Mint's successful on which it was modeled, the Presidential $1 Coin Program features a systematically rotating design. The first four $1 coins will commemorate George Washington, John Adams, Thomas Jefferson, and James Madison. Each year following, the next four successive presidents will be commemorated.
The new Presidential $1 Coins are identical in color and size to the Sacagawea Golden Dollar Coins, and have the same distinctive rim and tactile features to assist the visually impaired. Additionally, the new $1 coins carry the same electromagnetic signature as both the Sacagawea Golden Dollar coin and the Susan B. Anthony dollar coin, making them readily acceptable in vending machines that currently accept dollar coins.
The face of each coin will feature an image of a former president and the years of his term of office. The reverse of the coin shows an image of the Statue of Liberty and the inscriptions "The United States of America" and "$1."
Each president will be honored with a single $1 coin, regardless of the number of consecutive terms he served. Grover Cleveland, the only United States President to serve non-consecutive terms, will be honored on two coins. No living former or current president can be honored on a coin.