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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. The program began on January 1, 2007, and will not end until every eligible subject is honored. The program is to issue coins featuring each of four presidents per year on the obverse, issuing one for three months before moving on to the next president in chronological order by term in office.

The act specifies that for a president to be honored, the former president must have been deceased for at least two years before issue. Even though it would take about 11 years to honor all the eligible presidents (counting Grover Cleveland twice; the act allows for a coin for each of Cleveland's two non-consecutive terms), the series may not run that long. As currently planned, the series will end in 2016 after honoring President Ronald Reagan, unless his predecessor Jimmy Carter or one of his successors should die before 2014. The reverse of the coins bears the Statue of Liberty, the inscription "$1" and the inscription "United States of America".

Mintmarks: Inscribed along the edge of the coin is the year of minting or issuance of the coin, the mint mark, 13 stars, and also the legends E Pluribus Unum. The edge-lettering looks like this: ********** 2009 D *** E PLURIBUS UNUM; before 2009, In God We Trust was a part of the edge lettering. The U.S. Mint "the specifications will be identical to those used for the current Golden dollar". The President Washington $1 Coin was first available to the public on February 15, 2007, in honor of Presidents' Day, which was observed on February 19.

SPECIFICATIONS: Composition is 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel. Total weight: 8.1 grams. The manganese brass in the coin is part of the outer layer. Like any brass, its color will eventually darken, giving these coins an antique finish.