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So to conclude presidential coins may be valuable due to minting errors or rarity. Some people also found coins that were missing entire portraits, on one or both sides. Of course, these aren’t the only errors, some coins feature upside-down words on the rim.

These errors include things like missing mint marks, issuance year, or edge inscriptions for “In God We Trust” and “E Pluribus Unum”. However, there were some minting errors in the early stages (the first few months). As I said there are over a billion Presidential coins in Federal Reserves so not all of them are valuable and rare. Like with all coins not all of them are valuable. So from 2012 to the end of the program, only a small number of new coins were minted only for coin collectors. This way the taxpayers saved up to $50 million per year. Mint stop minting and circulating the presidential coins. The former Secretary of the Treasure declared in 2011 that the U.S. The only reason was that the popularity of these coins rapidly declined and the stockpiles in Federal Reserve vaults were approximately $1.4 billion of Presidential dollar coins. The program ended in 2016 with the Reagan mint. The former president must be deceased for at least two years before it gets its own presidential coin.The list must follow the exact line in the order that each president served in the White House.

The program laid out two ground rules and guidelines for issuing these one-dollar coins: The very first coin with the image of the first president, George Washington was minted in January 2007. Also, the First Spouses were honored under this program with uncirculated mints. It was signed into law in December 2005 by former President George W. The Presidential Coin Program was created for the simple purpose of honoring all the deceased presidents that served in the White House.