USA - 5TH PRESIDENTIAL DOLLAR - JAMES MONROE 2008 P $1 NGC

Fifth President James Monroe

2008 P Mint $1

Brilliant Uncirculated

In December 2005, Congress approved the creation of a new dollar coinage, known as Presidential dollars, and President Bush signed the legislation into law shortly afterward. According to the U.S. Mint, 1/3 of the annual dollar coin production will continue to be the Sacagawea golden dollar, the remaining 2/3 of dollar coin production will be the Presidential dollar coins. 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.