The 1st President of the United State of America George Washington: (Denver Minted Coin) U.S. Mint Release Schedule Feb. 15th - George Washington May 18th - John Adams Aug 16th - Thomas Jefferson Nov 15th - James Madison The United States Mint will mint and issue four Presidential $1 coins per year, and each will have a reverse design featuring a striking rendition of the Statue of Liberty. These coins will have several features that are unique to United States circulating coinage. The composition of the new Presidential $1 Coins will be identical to that of the Golden Dollar featuring Sacagawea. George Washington Presidential Facts Following the ratification of the Constitution of the United States, the Electoral College unanimously elected George Washington to serve as the United States’ first President. The former General and Commander in Chief of the Continental Army served two terms as president, holding the office from 1789 to 1797. On June 1, 1789, President George Washington signed the country’s first Act of Congress, concerning the administration of oaths. In 1791, President Washington presided over the Nation’s first recorded Cabinet meeting, which included Alexander Hamilton as the United States’ first Secretary of the Treasury and Thomas Jefferson as the first Secretary of State. President Washington himself laid the cornerstone for the United States Capitol building in Washington, D.C., on September 18, 1793. Washington also laid the groundwork for the United States’ earliest foreign policy stance when he issued his Declaration of Neutrality in 1793, a direct response to the emerging conflict between England and France. Legislation under President George Washington The Coinage Act of April 2, 1792 — Commonly referred to as the Mint Act, this Act establishes the United States Mint at Philadelphia, the Nation’s capital at the time. The Mint Act called for the production of the following coins, and specified their weight in gold, silver or copper: half-cent, cent, half-dime, dime, quarter-dollar, half-dollar, dollar, quarter-eagle ($2.50), half-eagle ($5.00), and eagle ($10). Act of May 8, 1792 — This Act authorizes the Director to purchase up to 150 tons of copper for the coining of cents and half-cents. Act of January 14, 1793 — This Act establishes the metal content of cents and half-cents. Act of February 9, 1793 — This Act establishes foreign exchange rates, and ends the acceptance of foreign coinage (with the exception of the Spanish milled dollar) as legal tender in the United States. Act of March 3, 1794 — This Act provides an accounting method of receiving metals for the purpose of producing coins from the metals received. Act of March 3, 1795 — This Act establishes the positions of melter and refiner of the United States Mint and grants the President the authority to reduce the amount of copper used in both the cent and half-cent.