WASHINGTON -- John Adams Presidential $1 coins are heading for the nation's banks and credit unions.
A ceremonial launch was held May 22 in Quincy, Mass., celebrating the first coin ever featuring Adams. The coins were actually released May 17.
"John Adams was a great patriot who helped draft the Declaration of Independence and served as Vice President and then President of our Nation in its early days," said Director Edmund C. Moy. "This new coin provides the opportunity to learn more about our second President and his fascinating life. With the John Adams Presidential $1 Coin, like the George Washington Presidential $1 Coin before it, Americans are discovering that using a dollar coin is more convenient in many transactions."
The George Washington Presidential $1 Coin was released Feb. 15, 2007, in time for Presidents Day.
Free informational materials for financial institutions are available from the U.S. Mint at www.usmint.gov/$1coin.
The coins were authorized under the Presidential $1 Coin Act of 2005. The law requires the Secretary of the Treasury to mint and issue $1 coins honoring the United States presidents in the order in which they served, with four new designs annually. Thomas Jefferson and James Madison will roll out later in 2007.