Virgin Islands, and the Commonwealth of the Northern Mariana Islands). territories (the Commonwealth of Puerto Rico, Guam, American Samoa, the U.S. This would include one coin per state, the District of Columbia, and the U.S. Mint produce four coins per year for 14 years. The bill, as passed by the House and Senate, would require that the U.S. 770, the "American Innovation $1 Coin Act," become law, new $1 coins would be minted beginning in 2019. Mint, "Ronald Reagan $1 Coin Reverse," at. Mint, "Ronald Reagan $1 Coin Obverse," at and U.S. The presidential $1 coins featured the likeness of the President on the obverse and the Statue of Liberty on the reverse.įigure 2. Figure 2 shows the Ronald Reagan Presidential $1 Coin, the last issued by the U.S. The law further provided that "no coin issued under this may bear the image of a living former or current President, or of any deceased former President during the 2-year period following the date of the death of that President" ( 31 U.S.C. 109-145, the Presidential $1 Coins began with George Washington and concluded with Ronald Reagan in 2016. Mint also issued $1 coins to honor each former President of the United States. Mint, "Native American $1 Coin 2018 Rolls, Bags, and Boxes," at. Mint, "Native American $1 Coin Reverse," at and U.S. Mint, "Native American $1 Proof Coin Obverse," at U.S. Figure 1 shows the 20 Native American $1 coins. By law, these coins were issued beginning in 2008 and feature Sacagawea on the obverse and a design that "bear images celebrating the important contributions made by Indian Tribes and individual Native Americans to the development of the United States and the history of the United States" ( 31 U.S.C. Native American $1 CoinsĪmerican $1 coins currently honor Native Americans and the important contributions made by Indian Tribes and individuals in U.S. Mint has produced $1 coins as a part of two different programs: Native American $1coins and presidential $1 coins. Should an act to redesign the $1 coin become law, the Secretary of the Treasury would incorporate the specified design preferences to reflect congressional direction.įor more information, see CRS In Focus IF10533, Congressional Involvement in the Design of Circulating Coins, by. Should Congress wish to create a new coin program, or dictate a design change for current coins, an act of Congress is required. Mint to strike coins of specific denominations-Eagles ($10), Half Eagles ($5), Quarter Eagles ($2.5), dollars ($1), half dollars ($0.50), quarter dollars ($0.25), dimes ($0.10), half dimes ($0.05), cents ($0.01), and half cents ($0.005)-with specific images and words, including images of eagles and the words "United States of America." Additionally, recent laws have prescribed certain images-such as which Presidents appear on the obverse of which coins and what images are to appear on the coins' reverse-through law. For example, the Coinage Act directed the U.S. coinage, Congress has been involved in the design of circulating coins. Mint and prescribed various aspects of U.S. Since the enactment of the Coinage Act of 1792 (1 Stat. In addition, the designs of coins are prescribed by Congress, and an act of Congress is required to change the design of coins. Mint (although the Federal Reserve influences the amounts by providing the Mint with monthly orders and forecasts). The Federal Reserve Board has the authority to issue paper currency, which it orders from the Department of the Treasury's Bureau of Engraving and Printing. The creation and circulation of money in the United States involves several agencies. The Senate's action follows House passage of its version of H.R.
770, the "American Innovation $1 Coin Act." This bill would require the Secretary of the Treasury to mint new $1 coins "in recognition of American innovation and significant innovation and pioneering efforts of individuals or groups from each of the 50 States, the District of Columbia, and the United States territories." The proposed Innovation $1 coins would be minted beginning in 2019.
On June 20, 2018, the Senate passed an amended version of H.R.