The following report appeared in a newspaper in February 2007.
On February 15, 2007, hundreds of people came to New York City’s famous railroad station—Grand Central Terminal—to trade in old dollar bills for the new George Washington presidential US $1 coins. The gold-colored coin is the first in a new series by the U.S. Mint to honor former U.S. presidents. The Mint will issue four presidential US $1 coins a year through 2016. These coins will come out in the order in which each president served. The George Washington coin is the first to be released. John Adams, Thomas Jefferson and James Madison coins will come out later this year.
The presidential US $1 coins have a special design. For the first time since the 1930s, there are words carved into the edge of each coin, including the year in which the coin was issued and traditional mottos. Each coin will show a different president on its face, or heads side. It will also show the president’s name. The other side of the coin will show the Statue of Liberty and the inscriptions “United States of America” and “$1.”
There are some interesting facts about the coins. First, there will be one presidential US $1 coin for each president, except Grover Cleveland. He will have two! Cleveland is the only U.S. president to have served two nonconsecutive terms. The last president now scheduled to get a coin is Gerald Ford. That’s because a president cannot appear on a coin when he is still alive. In addition, a president must have been deceased for two years before he can be on a coin.
Which of the following can be inferred about the presidential coins?