Can The Presidential Dollar Coin Match The Popularity Of One Dollar Bill?

The presidential dollar coin is an interesting strategy from the United States government to increase the popularity of one dollar coin. The coins are released depicting every United States president based on the order they have served. The first series of the presidential dollar coins were circulated in 2007, which included four presidents in order, namely Washington, Adams, Jefferson, and Madison. The government will keep releasing four types of presidential dollar coins every year until all the coins have been issued.

There are some unique features from these presidential dollar coins that differentiate them from the previous versions. These features include side inscriptions with the year when they are issued and they have the statue of liberty on the other side of the coin. These presidential dollar coins have the same size, weight, and color as the Sacagawea coins.

Make the coins popular

The main purpose of releasing the presidential dollar coin is to revive the demand for the coin currency. The government wants to make the coin looks great so it will encourage people to save and spend them as what have been done with paper currency. It is interesting to see whether this coin can take over paper currency because usually people prefer to use paper dollars because they can be easily folded up in the pockets.

The presidential dollar coin has the same height, weight, and color as the Sacagawea coin and those are the only similarities. The presidential dollar coin has more elaborate artwork and side inscriptions stating the issued dates, E. Pluribus Unum, and In God We Trust. It is a very attractive coin and this is basically the main intention of the designers. It is hopeful that people are willing to use the coin rather than avoiding or collecting them as what they have done with the Sacagawea coin.

If you want to get the newly issued presidential dollar coins, you should contact your financial institution, such as banks and credit unions. Another alternative is to ask businesses to give change in the presidential dollar coin. If you want to collect the coins, you can buy the collector book that are specially designed so the coins can be placed based on the order they are released. The book is available online or through the U.S. mint.

The concept of the presidential dollar coin is similar to the fifty state quarters. As you can observe, these quarters are still in circulation and this is the result that wants to be achieved by the new coin. We will see in the future whether people can shift away from one dollar bill and use the presidential dollar coin instead.

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