The Presidential $1 Coin Program is part of an Act of Congress, Pub.L. 109-145, 119 Stat. 2664, enacted December 22, 2005, which directs the United States Mint to produce $1 coins with engravings of relief portraits of U.S. Presidents on the obverse.
From 2007 to 2011, Presidential $1 Coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. Since 2012, new Presidential coins are only being minted for collectors, in order to reduce the stockpile.
Read more about Presidential $1 Coin Program: Legislative History, Program Details, Coin Details, First Spouse Program, Other Provisions
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