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Act of January 14, 1793, which established what the metal contents of the cents and half cents should be.Act of May 8, 1792, which gave the mint director the authority to purchase as much as 150 tonnes of copper for the production of cents and half cents.When this Act was established, Philadelphia was also the nation’s capital. The Act established the United States Mint to be in Philadelphia. The Coinage Act of April 2, 1792, was termed the Mint Act.Under Former President George Washington’s Administration, some notable coin legislation include, Her portrait is also featured in the first spouse coin series, which began in 2007 to honor the late wives of former Presidents of the United States of America. This bill was signed by Donald Trump in 2020, the president at that time.įirst President and Founding Father George Washington, who served two terms from April 30, 1789, to March 4, 1797, was married to Martha Washington. John Cornyn eventually initiated the bill to help George Bush be honored like the other presidents, including the first spouse dollar for his partner. Remember that the eligibility of this Act is based on the premise that the candidate must be deceased for at least two years, and the last presidential coin was the Ronald Regan pile leaving George Bush out of the mix. The implication was that it would take another act of congress to bring back the production of the presidential coins. However, not all the late presidents had their honorary coin at the time of suspension. On December 13, 2011, Vice President Joe Biden and Timothy Geithne r, the treasury secretary, finally announced the suspension of these coins and stated that any more production would be in lesser quantities and for coin collection alone. This is thanks to Jackie Speier, a congresswoman in California who spread a Dear Colleague letter suggesting the suspension of the production of the coins. This was not the only intention the Mint had they had also hoped that in any case, if the coin did not perform as well as they would have preferred, it would become a favorite among coin collectors like in the case of the state quarters and would likely generate much seigniorage for the Mint.Īt the beginning of 2011, $ 1.4 billion of uncirculated presidential dollars were registered as stockpiled, which led to the suspension of the coins. The Mint had hoped that producing these mints would help educate the people about the past presidents and their history.

The United States mint released the first set of the George Washington Dollar on February 15, 2007, a few days before the traditional honorary celebration, Presidents’ day, observed on February 19 every year.įurthermore, these George Washington coins and the others like them were not only for celebratory or honorary purposes. The George Washington Dollar is the first of this series, you can check its nowadays value with Coin Value Checker.

While these coins carried the faces of these notable individuals on the obverse, the reverse features the famous Statue of Liberty, an accurate representation of the national value. They tagged this program t he Presidential $1 Coin Program. This program was meant to produce coins with the images of past presidents on the obverse of the coins according to how each of these presidents served while in office.įor an ex-president to qualify for this honorary campaign, the Mint necessitated that the candidate must have passed on at least two years before the production of these mints. The origin of the George Washington dollar coins lies in a program enacted by the United States mint on January 1, 2007. George Washington P Mint Mark Dollar Coin Value Image Credit: usacoinbook George Washington Dollar Coin Value Chart George Washington Dollar Coin Error List.