In 2016 the United States Mint finished the printing of the presidential dollar coins. After taking a year off to consider and vote on the next series of coins, the mint decided to create the American Innovation dollar program. This program is scheduled to run for 14 years through 2032 which is one of the longer thematic stints that the mint has ever had.
The idea behind this series of coins is to highlight the valuable contributions that have come out of each state. These innovations have been towards a technological pursuit or a scientific discovery.
On June 20, 2018, The United States Senate approved the bill containing the $1 coin program which was then signed into law by President Donald Trump. The program was officially launched later that year on December 14th, 2018. The program launch was inaugurated with a special introductory coin featuring George Washington’s signing of the first American patent into law. This patent was a new method of making potash into pearl ash.
These coins are not being released into circulation. However, they can be purchased directly from the United States Mint in bags and rolls.
Every year, four new coins will be released to celebrate the different discoveries and areas of human progress that each State has contributed towards. In addition to all 50 states, the District of Columbia and the five US Territories.
The obverse side of the coin will feature a sideways-facing silhouette of the Statue of Liberty. In the lower-left quadrant of the coin, the famous words, “In God We Trust.” On the other side of the Statue of Liberty appears the coin’s denomination–$1.
The reverse side of the coin will be subject to change based on the Mint’s future design determinations.
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**Prices stated in this article are subjective and not intended to project actual value. All precious metal prices are dependent on several factors.**