In December 2005, Congress approved the creation of a new dollar coinage, known as Presidential dollars, and President George W. Bush signed the legislation into law shortly afterward. During each year from 2007 to 2016, four different dollar designs, each bearing the image of a different president, are being released.
Living presidents, both current and former, are excluded from the program this is why the series concluded with no James Carter being minted in the series.
The Presidential dollars are part of the Golden Dollar Program and retain the same golden color as the Sacagawea dollars. The motto IN GOD WE TRUST appears in edge lettering—a first for a U.S. coin, as the motto has never before appeared on the rim. The year of issue is likewise on the rim.
The Presidential dollars being offered on this page are all in Choice Brilliant Uncirculated condition, taken as they come, from original bank wrapped rolls. However, because of the two-step process (see Minting process below) the Mint uses to produce these coins it is not uncommon to see some light abrasions on the rim of the coin which is caused by the second step in the minting process and the excessive handling the coins receive.
Presidential Dollar Minting Process
The edge-incused inscriptions "In God We Trust" and "E Pluribus Unum" are spelled out around the edge, in addition to the date of minting and the mintmark. The edge lettering is being applied randomly with regard to whether it faces up or down on the business strike coins, after the coins are struck. The business strike coins are fed through a vacuum-like device that sucks them up into the edge lettering prep machine, which lines them up in whichever way the coins happen to enter the process (heads up or down.) Then the coins roll through a device that inscribes the edge lettering. It is expected that in the end, heads-up edge lettering should be about equal in number to coins which receive "tails-up" edge lettering.