James Madison Presidential $1 Coin | U.S. Mint

I’m a student of both history and law, having
attended the College of New Jersey (later known as Princeton
University). When I returned to my home state of Virginia, I was
able to use my knowledge to help form the Virginia Constitution and
become a leader in the Virginia Assembly.

I was a major player in the United States after
the American Revolution. I worked with Alexander Hamilton and John
Jay to write The Federalist Papers, a collection of 85 essays to
push for the acceptance of the U.S. Constitution. I also used my
influence in Congress to make sure the Bill of Rights was passed.
It was an honor to help shape the path of the new Republic and
define the government of the Nation.

I was elected President of the United States
when France and Great Britain were at war. Whilst I preferred to
remain neutral, the mistreatment of US sailors and confiscation of
US cargo meant I had to address Congress for a declaration of war
against Britain. On June 1st 1812, I requested Congress to declare
war on Britain, and they obliged.

Coinage Legislation under President James
Madison

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I, the United States of America, have declared
the Philadelphia Mint shall remain under my jurisdiction for five
more years starting March 4, 1813. This Act is effective from
December 2, 1812. I have chosen this location due to its
convenience for citizens and its strong security measures.
Therefore, for the next five years, Philadelphia remains the home
of the United States Mint.

I’m authorizing certain gold and silver coins
from foreign countries to be legal tender for all debts in the
United States. To make it official, I’m setting exchange rates for
coins from England, Spain, Portugal, and France. I’m also requiring
an annual assay of the coins and a report to Congress about the
results.

United States Mint Directors appointed by
President Madison

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I, James Madison, have not appointed a Director
of the United States Mint. I have considered the role and the
importance of this position, but have not yet found a suitable
candidate that fits the job description. Therefore, I have decided
to not proceed with this direction at this time. I understand the
implications that this may have on the production of coins and
currency, but I firmly believe that this decision is the most
responsible and prudent one at this point.