The Presidential Dollar series was launched in 2007 as another attempt to popularize a small size dollar coin struck for circulation. The concept used the same golden colored metal composition utilized on the prior Sacagawea Dollar, but featured the former Presidents of the United States in the order they served. The first four presidents were released periodically throughout 2007. These were some of the most well known Presidents, which gave the series an early boost.
The launch of Presidential Dollars in 2007 was accompanied by some controversy. Several inscriptions were moved to the edge of the coin to make room for a larger design. This included the date, mint mark, “E Pluribus Unum”, and “In God We Trust”. Many people mistakenly believed that the second motto had been omitted and called for a boycott. To make matters worse, some error coins were produced without edge lettering, lending some credence to the argument.
The first through fourth Presidents featured on the coins were honored in 2007. This included:
These first four issues had the highest mintages of the series to date, with mintages ranging from a high of 340.36 million for George Washington to a low of 172.34 million for James Madison. The mintages for all four coins added up to nearly one billion. In the second and third years of the series, the mintages would decline dramatically from these levels.
Mint: Philadelphia and Denver (circulating coins), San Francisco (proof coins)
Weight: 8.1 g
Composition: 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel
Diameter: 26.5 mm
Thickness: 2.0 mm