About the Series

The Presidential $1 Coin Act of 2005 (Public Law 109-145) was signed by President George W. Bush on the 22nd of December, 2005. This program aims to commemorate American presidents by issuing one dollar coins at a pace of four per year, in the order of their terms in office, starting in the year 2007. The Treasury Secretary and the Federal Reserve System's Board of Governors will take steps to provide that an adequate supply of coins is available for commerce and numismatic collectors at such places and in such quantities as are deemed appropriate. The United States Mint will deliver coins at Federal Reserve locations and financial institutions throughout the nation before the official release date to order to allow commercial banks the opportunity to have the coins available for interested parties on the release date. The US Mint will also wrap unmixed newly issued one dollar coins before shipping to provide that that they are distributed to financial institutions as quickly as possible in a form considered to be suitable for commerce. The Act also provides that the Secretary and the Board of Governors shall consult with a coin users group no less frequently than once per year, to determine the demand for the coins and to overcome obstacles to the efficient distribution and circulation of the coins. The Coin Act names the industry groups which are to be consulted.
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