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Denver Gold and Silver Exchange
5475 Leetsdale Dr Suite 210
Denver, Colorado 80246

Open Monday - Friday from 9 am to 5 pm
Friday 9 am to 5 pm and Sunday from 10 am to 2 pm
Call anytime - leave a message: Main Number: 303-333-1411

Presidential Dollar Coin (2007–present)

In December 2005, Congress decided to create a new series of $1 coins which will honor the former U.S. presidents. In 2007, Presidential coins of four different designs were produced. Another four designs will be produced each year, honoring the Presidents in order of service. (Grover Cleveland will be on two coins, since he served two non-consecutive terms.) The Presidential $1 Coin Act is intended to create renewed interest in the coin like that seen during the 50 State Quarters program. At least one third of all dollar coins produced are still Sacagawea coins, with the remaining coins making up the four presidential coins annually. Under federal law (31 U.S.C. § 5112), no coins may be issued featuring a living president, or a president who died less than two years earlier. The program will run until at least 2016 with the coin commemorating Ronald Reagan, but may continue longer depending on the longevity of the currently living former presidents, and the longevity of the current president or presidents yet to be elected.

The presidential dollar coin is the same size and composition as the Sacagawea dollar. "In God We Trust", "E Pluribus Unum", the issue year, and the mint mark appear on the edge. The fact that these national mottoes appear on the edge has caused some conservative commentators to decry the designs. The first dollar, honoring George Washington, was released into circulation on February 15, 2007. However, H.R. 2764 became law on December 26, 2007 which moved "In God We Trust" from the edge to the obverse.

A common minting error on this coin, estimated at 80,000, from a mintage of 300,000,000 coins, is the omission of the edge lettering causing with a plain outside edge. Because the omission includes the words "In God We Trust", some in the popular media have dubbed it the godless coin. A false (although at one time widely reported) error is the report that the edge lettering is upside down. The edge lettering does not occur at the same time as the minting of the coins, allowing for the natural occurrence of the lettering in either orientation.

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