The Presidential Dollar Coin Act (Public Law 109-145) was passed into law on December 22, 2005. The Act compelled the Secretary of the Treasury to “mint coins in commemoration of each of the Nation’s past Presidents and their spouses, respectively, to improve circulation of the $1 coin, [and] to create a new bullion coin”. The architects of the law, citing the success of the 50 States Commemorative Coin Program (31 U.S.C. 5112(l)), believed that the introduction of regularly changing designs would radically increase demand for a $1 coin, which despite early signs of consumer interest, had failed to achieve widespread use after its debut in 2000.
The first four Presidential dollar designs debuted in 2007, and like the Sacagawea dollar that preceded them, the coins found little public support in commerce. In 2011, the United States Mint curtailed the production of the Presidential (and Native American) dollar coins and began to strike them solely for the purpose of selling them to collectors.
The Lyndon B. Johnson $1 Coin is the fourth and final Presidential dollar issued in 2015.
Forward-facing portrait of Lyndon Baines Johnson, possibly adapted from Arnold Newman’s March 10, 1964 photograph published by the White House Press Office. In both images, Johnson is wearing a striped tie, however in Gaudioso’s version, the stripes on the tie’s knot do not run against the bias of the main portion of the tie. This is not possible given the style of knot. The designer’s initials “MG” are located on Johnson’s left shoulder. The coin’s inscriptions wrap around the rim of the coin and read: LYNDON B. JOHNSON, IN GOD WE TRUST, 36th PRESIDENT, and 1963-1969.
Don Everhart’s reverse design features an ant’s-eye view of the Statue of Liberty offset to the left. On the coin, Liberty occupies bottom right quadrant of the coin, her extended elbow being the coin’s center point. The design is framed by a thin inner circle, which separates the graphic design from the coin’s legend, which reads: UNITED STATES OF AMERICA. Beneath Liberty’s extended torch-bearing arm is the denomination $1. This is the common reverse design for all Presidential Series $1 coins.
Edge: The edge of the coin is smooth, not reeded, and features several inscriptions moved there by law to ensure adequate space on the obverse of the coin for the national motto IN GOD WE TRUST. Edge lettering includes the phrase E PLURIBUS UNUM, the date 2016 and the mint mark (P or D).
Designer(s): Michael Gaudioso joined the United States Mint in 2009. An accomplished medalist, his work has appeared on more than a dozen United States coins and medals (View Designer’s Profile). Don Everhart joined the United States Mint sculpting and engraving department in 2004, after a long and successful career as a sculptor and designer of medals (View Designer’s Profile).
|Year Of Issue:||2015|
|Mint Mark:||P, D, S (Proof Only)|
|Alloy:||.770 copper, .120 zinc, 0.070 manganese, 0.040 nickel|
|OBV Designer||Michael Gaudioso|
|REV Designer||Don Everhart|
|Quality:||Uncirculated & Proof|
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LBJ Presidential $1 Coins Currently Available on eBay