Today November 17, 2011 at 12:00 Noon ET, the US Mint began sales of numismatic rolls of the James Garfield Presidential Dollar. This is the final release of the year for the Presidential Dollar Program and the twentieth release for the series overall.
The obverse of the coin features a portrait of the President with the required inscriptions indicating his name, order of the Presidency, the year served, and motto “In God We Trust”. The obverse was designed and sculpted by Phebe Hemphill. On the reverse is an image of the Statue of Liberty designed and sculpted by Don Everhart that has been used for each issue of the series. The inscriptions include “United States of America” and the denomination expressed as “$1”. On the edge of the coin, the date, mint mark, and motto “E Pluribus Unum” appear.
The US Mint’s 25-coin numismatic rolls are available from either the Philadelphia or Denver Mint facility. The coins are packaged in wrappers that include the name of the President, mint mark, and face value of the contents. The issue price is $39.95 per roll plus shipping and handling.
The final mintage for the James Garfield Dollar has not yet been posted by the US Mint. However, backing out the known mintages for the other 2011-dated releases from the total year to date Presidential Dollar coin production leaves 72.1 million coins. This would be roughly in line with the recent mintage levels for other releases of the series.
After producing 340.36 million George Washington Presidential Dollars in 2007, the mintage levels steadily declined for subsequent releases during the first three years of the series. Since 2010, the production level has held relatively steady around the mid-70 million range, with the exception of the Abraham Lincoln release which had production of 97.02 million due to higher demand.
Although there has been legislation introduced in Congress which could potentially eliminate, limit, or even expand the production of Presidential Dollar coins, as yet, none of the bills have been voted on or passed. As such, the series will continue under the requirements of the Presidential $1 Coin Act.