15-year initiative celebrates the Nation’s significant innovations and pioneering spirit
Washington — The United States Mint hosted a ribbon cutting ceremony today to kick off the American Innovation $1 Coin Program, a multi-year initiative honoring innovators and innovations from each state, the District of Columbia and five U.S. territories — Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands.
Mint Director David Ryder and Marc Landry, Acting Associate Director of the Mint’s Numismatic and Bullion Directorate, presented the introductory coin to the public, signaling the official launch of the program. Following the ceremony, products containing the introductory coin were available for purchase at the U.S. Mint Coin Store and Ryder signed packaging, certificates of authenticity, and other Mint items for customers.
The introductory 2018 American Innovation $1 Coin bears an obverse (heads) common to all coins in the program. It consists of a likeness of the Statue of Liberty and the inscriptions of IN GOD WE TRUST and denomination $1.
The reverse (tails) design features George Washington’s signature and the inscriptions UNITED STATES OF AMERICA and AMERICAN INNOVATORS. The stylized gears represent industry and innovation. “The gears remind me of how the many contributions, thoughts, and ideas of Americans continuously mesh together to propel our Nation forward,” said Ryder. The design also includes the inscription SIGNED FIRST PATENT under Washington’s signature.
E PLURIBUS UNUM, the year of minting, and the mint mark are incused on the edge of the coin.
Ryder believes that the symbols of innovation chosen by the states and territories will have unifying and educational value. “The very nature of this program provides an opportunity for us to become better connected with each other by learning more about this vast land that we call home,” he said.
In addition to sales at its coin store, the Mint also began accepting orders for products containing the introductory coin today at noon EST at the Mint’s online catalog and 1-800-USA-MINT (872-6468). Hearing- and speech-impaired customers with TTY equipment may order at 1-888-321-MINT. Information about shipping options is available at the Mint’s website.
About the United States Mint
Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including Proof, Uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers.
Press release courtesy of the United States Mint.