A United States Mint 10-year program comes to a close with the 2016 Ronald Reagan Presidential $1 Coin. Today at noon ET, circulating-quality Reagan dollars became available in rolls, bags and boxes.
Presidential $1 Coins made their debut in 2007 and have honored deceased Presidents of the United States in the order in which they served. The dollars were issued at a rate of four per year until this year, which saw the final three issues commemorating Richard Nixon, Gerald Ford and now Ronald Reagan.
Designs on Ronald Reagan Presidential Dollars
The obverse (heads side) of the new coin presents a likeness of President Reagan. It was selected from among 8 candidates with the winning design unveiled on Feb. 6, the 105th anniversary of Reagan’s birth.
United States Mint Artistic Infusion Program (AIP) Artist Richard Masters designed the portrait with sculpting completed by United States Mint Sculptor-Engraver Joseph Menna. "RONALD REAGAN," "IN GOD WE TRUST," "40th PRESIDENT," and "1981-1989" can be seen inscribed around the portrait.
All coins of the series bear the same reverse showcasing a likeness of the Statue of Liberty. Designed and sculpted by United States Mint Sculptor-Engraver Don Everhart, the reverse also includes the inscriptions of "$1" and "UNITED STATES OF AMERICA."
The year of minting or issuance, the mint mark, and "E PLURIBUS UNUM" are incused on the coin’s edge.
Coin specifications include a composition of 88.5% copper, 6% zinc, 3.5% manganese and 2% nickel. Weighing 8.1 grams, each has a diameter of 26.49 mm, or 1.043 inches, and a thickness of 2.0 mm.
Rolls, Bags and Box Reagan Coin Options
Ronald Reagan Presidential $1 Coins are available in six different product options. The options are listed, along with their prices, below in the chart.
|Presidential $1 Coin 25-Coin Roll – P||$32.95|
|Presidential $1 Coin 25-Coin Roll – D||$32.95|
|Presidential $1 Coin 100-Coin Bag – P||$111.95|
|Presidential $1 Coin 100-Coin Bag – D||$111.95|
|Presidential $1 Coin 250-Coin Box – P||$275.95|
|Presidential $1 Coin 250-Coin Box – D||$275.95|
These products feature packaging that includes the president’s name, the mint of origin and the total face value of the contents. Found inside are circulating-quality coins from the Philadelphia or Denver Mints. The coins, of course, have never been actually placed into circulation.
Reagan dollars are available directly from the U.S. Mint’s online catalog, right here. Orders may also be placed by calling 1-800-USA-MINT (872-6468).
There is no pre-announced product or ordering limits. The U.S. Mint strikes dollar coins earlier in the year based on expected demand. Mintages of Ronald Reagan Presidential $1 Coins are 4.48 million from Denver and 6.02 million from Philadelphia for a combined 10.5 million.
In 2007, the First Spouse Gold Coin Program debuted alongside the $1 coins series. The U.S. Mint on Friday also released 2016 Nancy Reagan First Spouse Gold Coins. These coins, struck in one-half ounce of .9999 fine 24k gold, are available in collector qualities of proof and uncirculated.
No $1 Coins for Living Presidents
The Presidential $1 Coin Act (Public Law 109-145), which authorized the dollars, dictates that a President may not be honored in the series unless deceased for at least two years. As such, former Presidents Jimmy Carter, George H.W. Bush, Bill Clinton, George W. Bush and current President Barack Obama are not included in the program.