The Presidents of the United States are being honored with a new series of circulating dollar coins. There will be four different designs issued each year, featuring the former presidents in the order served.

The Presidential Dollar series began in 2007 with coins honoring George Washington, John Adams, Thomas Jefferson, and James Madison.  The series will continue in 2012 with the issuance of coins for Chester Arthur, Grover Cleveland, Benjamin Harrison and again Grover Cleveland. 

To cut government waste, the Obama administration announced it is suspending the productions of Presidential Dollar coins to save taxpayers $50 million a year over the next several years.
The remaining 18 coins scheduled for production will still be minted but made only for sale to collectors, according to the White House.