What is the Presidential $1 Coin Act?

The Presidential $1 Coin Act is intended to create renewed interest in dollar coins, like that seen during the 50 State Quarters program. At least one-third of all dollar coins produced are still Sacagawea coins, with the remaining coins making up the four presidential coins annually.

Are dollar coins common in 2022?

As of 2022, dollar coins are not widely encountered in U.S. commerce, except in vending machines for rides on mass transit, some pay and display machines, some laundromats, and old-fashioned slot machines.

What is a 1776 dollar coin?

The Continental Currency dollar coin bears the date 1776, and while its true denomination is not known, it is generally the size of later dollars, and the name has stuck. The failure of the Continental Currency exacerbated a distrust of paper money among both politicians and the population at large.