U.S. Mint to unveil coins of first ladies

WASHINGTON - For the first time in history, the U.S. Mint will dedicate a series of coins to the accomplishments of women - the nation’s first ladies.

Starting with Martha Washington, all of them are scheduled to be honored on a series of commemorative one-half ounce gold coins that will be companions to a new series of circulating $1 coins that the Mint is producing to honor the presidents.

Mint Director Edmund Moy was unveiling the designs on the first four commemorative coins at a ceremony Tuesday at the National First Ladies Library in Canton, Ohio.

Both the presidential one-dollar coins and the series honoring the first ladies were authorized in 2005 by Congress. Four new coins honoring presidents in the order they served will be introduced every three months beginning next year.

The first ladies coins for next year are all coming out in May just before Mother’s Day with the Mint hoping to generate sales of the coins, expected to cost more than $300 each, tied to the special day.

Source: MARTIN CRUTSINGER, AP Economics Writer (Yahoo! News)

Mint designers, worried that the coins might face overwhelming rejection from the public, launched a test bill - consisting of Barbara Bush’s likeness on the one dollar bill.

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