The United States Mint will began production on the Presidential Dollar Series in 2007 featuring the images of all 37 of the nation's deceased Presidents. Each of the US Presidents from Washington to Nixon will be commemorated with a One Dollar Legal Tender Coin. The backside of the Presidential coins will feature the Statue of Liberty. Four coins will be issued each year beginning in 2007. The coins will be issued in the order of the President's term in office. The Secretary of the Treasury will oversee coin design.

In December 2005, Congress approved the creation of a new dollar coinage, known as Presidential dollars, and President George W. Bush signed the legislation into law shortly afterward. During each year from 2007 to 2016, four different dollar designs, each bearing the image of a different president, are being released. Living presidents, both current and former, are excluded from the program—thus the roster of presidential honorees currently stands at 37. For these presidents, 38 coins are planned; this is because Grover Cleveland, who to date is the only president to serve multiple nonconsecutive terms, will be represented with two coins. The Presidential dollars are part of the Golden Dollar Program and retain the same golden color as the Sacagawea dollars. The motto IN GOD WE TRUST appears in edge lettering—a first for a U.S. coin, as the motto has never before appeared on the rim. The year of issue is likewise on the rim.