New Presidential $1 Coin Prepares for Launch

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New Presidential $1 Coin Prepares for Launch

WASHINGTON -- The U.S. Mint announced that its newest Presidential $1 Coin, featuring James Madison, will go into circulation on Nov. 15.

The Madison coin is the latest release in the Presidential $1 Coin Program, a new series of circulating $1 coins featuring former Presidents in the order which they served. The first coin in the series, the George Washington $1 Coin, arrived at U.S. financial institutions, retailers and in the hands of consumers on Feb. 15.

In preparation for the expected consumer demand, the Federal Reserve Banks have established a special six-week ordering process for unmixed Presidential $1 Coins only. All dollar coin orders placed between Nov. 1 and Dec. 13 will be filled with unmixed James Madison $1 Coins in boxes containing $1,000 in wrapped rolls of $25 (unless there is a special request for $2,000 bags).

As experienced with all previous Presidential $1 Coins this year, the U.S. Mint said it anticipates customer demand to be brisk for the new James Madison $1 Coins. The coin will be available in unmixed quantities until Nov. 13 so it's important that retail merchants order their coins early to ensure availability, the Mint said.

The U.S. Mint is also encouraging retail merchants to order free informational and promotional materials that can be distributed to customers. The materials are available free of charge at$1coin.