In December 2005, Congress approved the creation of
a new dollar coinage, known as Presidential dollars, and President
Bush signed the legislation into law shortly
afterward.According to the U.S. Mint, 1/3 of the annual
dollar coin production will continue to be the Sacagawea golden
dollar, the remaining 2/3 of dollar coin production will be the
Presidential dollar coins. 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, thus the roster of presidential honorees currently stands
at 37. For these presidents, 38 coins are planned; this is because
Grover Cleveland, who to date is the only president to serve
multiple nonconsecutive terms, will be represented with two coins.
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.