Newest Presidential Coin To Be Released

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Newest Presidential Coin To Be Released

WASHINGTON -- The newest Presidential $1 coin featuring John Adams will go into circulation on May 17, and in preparation for the expected consumer demand, retail merchants and financial institutions can begin pre-ordering them as of yesterday.

As previously reported by CSNews Online, the United States Mint recently launched the Presidential $1 Coin Program, a new series of circulating $1 coins featuring former presidents in the order they served. The program calls for the release of four $1 coin designs per year, beginning with George Washington. The program will continue until 2016, with a $1 Richard Nixon coin.

For each president, the coin will highlight their name, likeness, the dates served in office and their place in the order of U.S. presidents. The size, weight and composition of the new Presidential $1 coins are identical to the Sacagawea Golden Dollar.

As experienced with the George Washington $1 Coin, which arrived at U.S. financial institutions and retailers and in the hands of consumers on Feb. 15, the U.S. Mint said it anticipates customer demand to be brisk for the new John Adams $1 Coins. Research commissioned by the U.S. Mint revealed that about half of Americans surveyed are interested in collecting the new Presidential $1 Coins, which they will receive from local retailers, including the convenience stores they shop.

The John Adams coin will be available in unmixed quantities until June 17, so it's important that retail merchants order their coins early to ensure availability, the U.S. Mint said. The organization also is encouraging retailers to order free informational and promotional materials that can be distributed to customers. The materials are available free of charge at$1coin.