George Washington Presidential $1 Coin | U.S. Mint

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Background
After the approval of the Constitution of the
United States, I was chosen as the first President of the United
States by the Electoral College with a unanimous vote. Being named
the leader of a brand new country was a great honor and I was
humbled by the election. I was determined to make sure the United
States was successful and I worked hard to ensure that the country
was strong and safe.
I served two terms as President of the United
States, from 1789 to 1797. Before that, I was the General and
Commander in Chief of the Continental Army during the American
Revolutionary War. It was a great honor to serve my country in both
capacities. I was proud to lead the Army in the fight for
independence, and I was even prouder to be the first President of
the United States.
I marked June 1, 1789 as a significant date in
my country’s history. On that day, President George Washington put
pen to paper and signed the first Act of Congress. A year later, he
also presided over the first documented Cabinet meeting, which
included Alexander Hamilton as our first Secretary of the Treasury
and Thomas Jefferson as the first Secretary of State. It was the
beginning of a new era for the United States and one I was proud to
be part of.
I had the honor of laying the cornerstone for
the United States Capitol building in Washington, D.C. on September
18, 1793. It was a momentous event that President Washington
himself attended, an act to mark the beginning of a great nation. I
had the privilege to be part of this historic occasion and be part
of its legacy. I am proud to say that I have left a piece of
history in the making.
I declared neutrality in 1793 in response to the
tensions between England and France. This was the start of the
United States’ foreign policy. It has been strong and unyielding
ever since. We have consistently sought to remain neutral in
international conflicts, while also always advocating for peace and
justice. It has been a cornerstone of our foreign policy for the
past 200 years and will continue for many more.
Coinage Legislation under President George
Washington
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I remember the day I heard about the Coinage Act
of April 2, 1792, otherwise known as the Mint Act. It was the day
that the United States Mint was established in Philadelphia, the
Nation’s capital at the time. This Act called for the production of
coins, including a half-cent, cent, half-dime, dime,
quarter-dollar, half-dollar, dollar, quarter-eagle ($2.50),
half-eagle ($5.00), and eagle ($10). All of these coins were
specified with different weights in gold, silver or copper. It was
a big day for the US!
I authorized the Director to purchase up to 150
tons of copper so I could make cents and half-cents with the Act of
May 8, 1792. And with the Act of January 14, 1793, I made sure the
metal content of the coins was just right. All these measures were
taken to make sure the coins were made accurately and could be used
in circulation.
I, on February 9th, 1793, declared that foreign
currency will only be accepted in the United States in the form of
the Spanish milled dollar. All other foreign coinage will no longer
be legal tender. This Act set out the exchange rates for foreign
currencies.
I’m familiar with the Act of March 3, 1794,
which outlines a system for using metals to produce coins. It’s a
way to track how much metal is used to make the coins and to ensure
all of the necessary materials are accounted for. This way, the
government can make sure it accurately records any metals it
receives and produces coins from them.
I’m a big fan of the Act of March 3, 1795. It
set up two roles at the U.S. Mint – melter and refiner – and gave
the President the power to alter the copper content of the cent and
half-cent coins. It was a really forward-thinking move that allowed
flexibility in production and a way to reduce costs. It’s a great
example of how government can work to make things easier for the
citizens.
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United States Mint Directors appointed by
President Washington
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1792 David Rittenhouse — First Director of the
United States Mint
1795 Henry William de Saussure — Second
Director
1795 Elias Boudinot — Third Director
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Characteristics
Obverse Inscriptions
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- GEORGE WASHINGTON
- 1ST PRESIDENT 1789-1797
Reverse Inscriptions
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- UNITED STATES OF AMERICA
- $1
Incused (edge) Inscriptions
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- 2007
- E PLURIBUS UNUM
- IN GOD WE TRUST
- mint mark (“P”, “D,” or “S”)
Mint and Mint Mark
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- Denver
- Philadelphia
Artist Information
Obverse
- Joseph Menna, Medallic Artist
Reverse
- Designer: Don Everhart,
Sculptor-Engraver
Frequently asked questions
What year did George Washington coins start
being minted?
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George Washington coins began being minted in
1789.
How long did the George Washington coins
continue to be minted?
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The George Washington coins continued to be
minted until 1797.
What is the value of a George Washington
coin?
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The value of a George Washington coin depends on
the date, mint mark, condition, and rarity.
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