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The dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold, silver, and base metal versions. Dollar coins were first minted in the United States in 1794. Dollar coins have almost never been popular in circulation since their inception.
The Quarter-Dollar, Half-Dollar and Dollar coins were issued in the copper 91.67% nickel 8.33% composition for general circulation and the Government issued six-coin Proof Set. A special three-coin set of 40% silver coins were also issued by the U.S. Mint in both Uncirculated and Proof.
From 2007 to 2011, presidential dollar coins were minted for circulation in large numbers, resulting in an ample stockpile of unused $1 coins. From 2012 to 2016, new coins in the series were minted only for collectors. [1] A new coin was released on December 4, 2020, to honor George H. W. Bush, who died after the original program ended. [2] [3]
As a way of honoring more presidents, the U.S. Mint began issuing Presidential Dollar coins in the 2000s. Most are worth about face value, but a couple are valued in six figures due to errors .
The one-dollar bill has the oldest overall design of all U.S. currency currently being produced. [note 1] The reverse design of the present dollar debuted in 1935, and the obverse in 1963 when it was first issued as a Federal Reserve Note (previously, one-dollar bills were Silver Certificates). A dollar bill is composed of 25% linen and 75% cotton.
The Seated Liberty dollar was a dollar coin struck by the United States Mint from 1840 to 1873 and designed by its chief engraver, Christian Gobrecht. It was the last silver coin of that denomination to be struck before passage of the Coinage Act of 1873 , which temporarily ended production of the silver dollar for American commerce.