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A new presidential dollar coin will be appearing in circulation beginning February 16, 2007.  United States Mint officials for the first time revealed designs for the presidential dollar coin series at a November 20, 2006 ceremony held at the Smithsonian Institution’s National Portrait Gallery.
The dollars are to be produced because of the Presidential $1 Coin Act of 2005, which obliges the Mint to strike the dollar coins to commemorate the service of former U.S. Presidents, in the order in which they held the nation’s highest office.
The first group of presidential dollar coins are set to release throughout the year 2007, featuring images of the first four Chief Executives of the United States: George Washington, John Adams, Thomas Jefferson, and James Madison.

George Washington
1st President 1789-1797
Release Date: 02-16-07

John Adams
2nd President 1797-1801
Release Date: 05-18-07

Thomas Jefferson
3rd President 1801-1809
Release Date: Aug 2007

James Madison
4th President 1809-1817
Release Date: Nov 2007

United States Mint images.

The key provisions of presidential dollar coin law include:

• Image placement of four U.S. presidents on the dollar coin each year, in the order of their service, until all are commemorated.
• The Statue of Liberty is featured on the reverse side of every presidential coin.

  

  See Presidential Dollar Coin Holders

• Inscriptions located on the edge of the coin, such as date, mintmark, and the motto “IN GOD WE TRUST”.
• Continuation of the Sacagawea dollar during the life of the Presidential Coin Program.  When the program concludes, all $1 coins will revert to the Sacagawea design.
• The federal government is required to use the presidential dollar coin in all of its retail operations.
• The dollar coins must be readily available to commerce, by producing sufficient quantities of rolls and bank bags.
• A new pure-gold bullion coin to honor presidential spouses will be created, designed to appeal to collectors and investors alike.

A ground view looking up at the Statue of Liberty appears on the reverse side of all presidential dollar coins.  United States Mint image.

The front side of each coin depicts the image of a former President and his years served in office.  The reverse shows a view of the Statue of Liberty that is common to all presidential dollar coins, along with the inscriptions “The United States of America” and “$1.”
The presidential coin set is modeled after the popular
50 State Quarter Program created by Congress in 1997. That program has attracted many new individuals to the coin collecting hobby, while renewing interest in our nation’s history and the contribution of each state.
What’s more, Uncle Sam has enjoyed a profit of $0.20 or so for every quarter released into circulation, reflecting the difference between the cost of producing the coin and its face value in commerce, bringing in more than $4 billion extra dollars to the Treasury due to the public demand for State Quarters.

A study commissioned by the Mint showed that about half of all Americans are interested in collecting the presidential dollar coins.  In a manner similar to the State Quarters, a fully circulating dollar coin would net perhaps as much as $500 million for the government annually, because for each presidential dollar coin distributed to the public, somewhere between $0.85 and $0.90 profit returns to the Treasury.

The table below lists all U.S. presidents in chronological order of service, and the year their presidential dollar coin will be issued.  According to the new law, a president must be deceased a minimum of two years before being honored on a presidential dollar coin.

Presidential Dollar Coins

Issue Date               President, Term of Office

Feb 16, 2007             1.  George Washington, 1789-1797

May 18, 2007             2.  John Adams, 1797-1801

Aug 2007                  3.  Thomas Jefferson, 1801-1809

Nov 2007                  4.  James Madison, 1809-1817

2008                         5.  James Monroe, 1817-1825

                                6.  John Quincy Adams, 1825-1829

                                7.  Andrew Jackson, 1829-1837

                                8.  Martin Van Buren, 1837-1841

2009                        9.  William Henry Harrison, 1841

                               10. John Tyler, 1841-1845

                               11. James K. Polk, 1845-1849

                               12. Zachary Taylor, 1849-1850

2010                        13. Milliard Fillmore, 1850-1853

                               14. Franklin Pierce, 1853-1857

                               15. James Buchanan, 1857-1861

                               16. Abraham Lincoln, 1861-1865

2011                        17. Andrew Johnson, 1865-1869

                               18. Ulysses S. Grant, 1869-1877

                               19. Rutherford B. Hayes, 1877-1881

                               20. James A. Garfield, 1881

2012                        21. Chester A, Arthur, 1881-1885

                               22. Grover Cleveland, 1885-1889

                               23. Benjamin Harrison, 1889-1893

                               24. Grover Cleveland, 1893-1897

2013                        25. William McKinley, 1897-1901

                               26. Theodore Roosevelt, 1901-1909

                               27. William H. Taft, 1909-1913

                               28. Woodrow Wilson, 1913-1921

2014                        29. Warren G. Harding, 1921-1923

                               30. Calvin Coolidge, 1923-1929

                               31. Herbert C. Hoover, 1929-1933

                              32. Franklin D. Roosevelt, 1933-1945

2015                       33. Harry S. Truman, 1945-1953

                              34. Dwight Eisenhower, 1953-1961

                              35. John F. Kennedy, 1961-1963

                              36. Lyndon B. Johnson, 1963-1969

2016                       37. Richard M. Nixon, 1969-1974

                              38. Gerald R. Ford, 1974-1977

                              39. James E. Carter, Jr., 1977-1981

                              40. Ronald W. Reagan, 1981-1989

2017                       41. George H.W. Bush, 1989-1993

                              42. William J. Clinton, 1993-2001

                              43. George W. Bush, 2001-

The issuance dates for the first 38 presidential dollar coins are certain, carrying us until the year 2016.  How many new presidential coins are minted beyond that is dependent on the number of living former presidents who die prior to 2014.  Jimmy Carter and George H.W. both turn 90 that year.  Bill Clinton and George W. Bush, both born in 1946, would be 68 in 2014, so the odds are good they won’t qualify for their presidential coins by then.  And what of the person elected president in 2008, 2012, and 2016?  New legislation will probably be written to address this touchy issue.

article copied from us-coin, images are the property of us-mint

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