But Grover Cleveland gets two, since his terms were non-consecutive. Franklin Delano Roosevelt gets one for his three-plus-a-fraction terms. William Henry Harrison therefore gets one issue over three months, despite the fact that he spent barely a month in office. The rules set down by Congress stipulate that presidents honored on the new coins must have been dead for two years before "their" dollar is struck, and that coins will be issued in the order the presidents served, no matter how long (or short) that might have been. The coins' reverse feature an image of the Statue of Liberty, while the edges are embossed with the words 'E Pluribus Unum,' 'In God We Trust,' the year of issue and mintmark.
#PRESIDENTIAL DOLLAR COINS PLUS#
The edges will contain the words "E Pluribus Unum" and "In God We Trust," plus the year of issue and the mark of the issuing mint. The reverse sides of the coins will all display an image of the Statue of Liberty ― different for each president. No matter, since "Washington" dollars will only be issued for three months, after which it will be John Adams' turn for a quarter-year, followed by Thomas Jefferson, James Madison, and so on through the remaining presidents until 2016. George probably wouldn't have approved, since he disliked King George III's practice of stamping his coinage with royal images. On February 15 ― just in time for Presidents' Day ― the Mint placed into circulation the first of its new golden dollar coins featuring, for the initial issue, George Washington. Mint is betting it's got it right this time.
Kundig Golden Collectibles or the Next Coin of the Realm? They're attractive, and they're actually quite convenient once you get used to them. The Mint Act called for the production of the following coins, and specified their weight in gold, silver or copper: half-cent, cent, half-dime, dime, quarter-dollar, half-dollar, dollar, quarter-eagle ($2.50), half-eagle ($5.00), and eagle ($10).Īct of This Act authorizes the Director to purchase up to 150 tons of copper for the coining of cents and half-cents.Īct of JanuThis Act establishes the metal content of cents and half-cents.Īct of FebruThis Act establishes foreign exchange rates, and ends the acceptance of foreign coinage (with the exception of the Spanish milled dollar) as legal tender in the United States.Īct of MaThis Act provides an accounting method of receiving metals for the purpose of producing coins from the metals received.Īct of MaThis Act establishes the positions of melter and refiner of the United States Mint and grants the President the authority to reduce the amount of copper used in both the cent and half-cent.By Konrad J.
The Coinage Act of ApCommonly referred to as the Mint Act, this Act establishes the United States Mint at Philadelphia, the Nation’s capital at the time.
Coinage Legislation under President George Washington Washington also laid the groundwork for the United States’ earliest foreign policy stance when he issued his Declaration of Neutrality in 1793, a direct response to the emerging conflict between England and France. President Washington himself laid the cornerstone for the United States Capitol building in Washington, D.C., on September 18, 1793. In 1791, President Washington presided over the Nation’s first recorded Cabinet meeting, which included Alexander Hamilton as the United States’ first Secretary of the Treasury and Thomas Jefferson as the first Secretary of State. On June 1, 1789, President George Washington signed the country’s first Act of Congress, concerning the administration of oaths. The former General and Commander in Chief of the Continental Army served two terms as president, holding the office from 1789 to 1797. Following the ratification of the Constitution of the United States, the Electoral College unanimously elected George Washington to serve as the United States’ first President.
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