James Buchanan Presidential $1 Coin Available August 19, 2010
by STAFF WRITER Published August 5, 2010 Credit Unions Online
The 15th coin release in the United States Mint Presidential $1 Coin Program will go into circulation on August 19, 2010. The design on this Presidential $1 Coin honors James Buchanan, our Nation's 15th President. The United States Mint will celebrate the coin's release with a ceremonial launch and coin exchange at Wheatland, the former President's home, in Lancaster, Pennsylvania on August 19. The ceremony will start at 10 a.m. Eastern Time.
The coin's obverse (heads side), by United States Mint Artistic Sculptor-Engraver Phebe Hemphill, features Buchanan's portrait with the inscriptions JAMES BUCHANAN, IN GOD WE TRUST, 15TH PRESIDENT and 1857-1861. The coin's reverse (tails side) features a rendition of the iconic Statue of Liberty, by United States Mint Sculptor-Engraver Don Everhart, with the inscription UNITED STATES OF AMERICA. The year of minting or issuance, 2010, E PLURIBUS UNUM and the mint of origin are incused on the coin's edge. To view and download high-resolution images of the circulating James Buchanan Presidential $1 Coin, go to: http://www.usmint.gov/pressroom/index.cfm?action=photo#Pres.
The Presidential $1 Coins will be shipped to credit unions and other financial institutions in rolls, unmixed with other $1 coins. For each new design, credit unions may order and store the coins up to three weeks prior to the introduction so they will have supplies on hand on the release date. The coins will be available in unmixed rolls for two weeks after the introduction of each design. The special ordering process begins again when each new Presidential $1 Coin is released.
The ordering period for unmixed quantities of the James Buchanan Presidential $1 Coin began July 29. To order boxes of wrapped rolls ($1,000 minimum order) of the James Buchanan Presidential $1 Coin, depository institutions can use FedLine Web® Access Solution. In addition, local Federal Reserve Bank offices can handle special requests for $2,000 bags of unmixed James Buchanan Presidential $1 Coins, $2,000 bags of mixed $1 coins, and orders for James Buchanan Presidential $1 Coins after the special order period ends on September 2 (while supplies last).