Presidential $1 Coin Act of 2005
| United States | |
| Value | 1 U.S. dollar |
|---|---|
| Mass | 8.100 g (0.26 troy oz) |
| Diameter | 26.49 mm (1.043 in) |
| Thickness | 2.00 mm (0.0787 in) |
| Edge | Engraved: text "E pluribus unum", the coin's mint mark, its year of issuance, and 13 five-pointed stars (prior to 2009: text "In God We Trust") |
| Composition | Copper with manganese brass cladding: 88.5% Cu 6% Zn 3.5% Mn 2% Ni |
| Years of minting | 2007–2011 (Circulation) 2012–2016 (Collectors Only) |
| Catalog number | - |
| Obverse | |
 |
|
| Design | Portrait of US Presidents |
| Designer | Various |
| Design date | 2007–2016 |
| Reverse | |
 |
|
| Design | Statue of Liberty |
| Designer | Don Everhart |
| Design date | 2007 |
The Presidential $1 Coin Program is part of an Act of Congress, Pub.L. 109–145, 119 Stat. 2664, enacted December 22, 2005, which directs the United States Mint to produce $1 coins with engravings of relief portraits of U.S. presidents on the obverse.
From 2007 to 2011, presidential $1 coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. From 2012 to 2016, new presidential coins have been minted only for collectors.
Senate Bill 1047, the Presidential $1 Coin Act of 1995, 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 (S.AMDT.26760), 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 engrossed 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 is similar to the 50 State Quarters program in that it 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 U.S. Mint calls it the Presidential $1 Coin Program.
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