![]() Bush Presidential $1 CoinĪnd the issuance of President and Native American $1 coins, the U.S. Between the 1971 Eisenhower $1 coin Figure 2. The first dollar coin to feature a President was issued in 1971 (Eisenhower). The Native American $1 and American Innovation $1 coinsįor President George H.W. Presidential $1 coins, and American Innovation $1 coins. These coins featured the President on the obverse and the Part of three different programs: Native American $1 coins, Honor each deceased former President (P.L. Presidential $1 Coins Circulating $1 Coinsīetween 20, the U.S. Since the order, most $1 coins have been considered “circulating numismatic” items (i.e., they could be ordered by the Federal Reserve forĬirculation, but are generally only produced in quantities Source: U.S. To address this situation, on December 13, 2011, the Secretary of the Treasury issued an order to reduce the number of surplus $1 coins. In 2011, the number of surplus (e.g., nondistributed by the Federal Reserve) $1 coins had grown to nearly 1.4 billion. Mint sells $1 coins to the Federal Reserve, which in turn fulfills orders from banks. Mint also produces silver and gold bullion $1 coins.Īs with other coinage, the U.S. Mint to the Federal Reserve for distribution to American financial institutions and used as money to exchange for goods and services) or commemorative (i.e., sold by the Mint as numismatic items to collectors to honor someone or something). Commemorative Coins Generally, dollar coins are either circulating (i.e., sold by the U.S. Since then, the Mint has redesigned the $1 coin several times. 20 Native American $1 CoinsĬoin to feature a President was issued in 1971 (Eisenhower). Initially featured images such as Liberty on the (front) obverse and eagles on the (back) reverse. Figure 1showsįirst authorized in the Coinage Act of 1792 (1 Stat. History of the United States” on the reverse. Statutorily authorized to issue specific denominations ofĪmericans to the development of the United States and theĬirculating coins (31 U.S.C. Mint, isĬontributions made by Indian Tribes and individual Native The Secretary of Treasury, through the U.S.
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