The United States Mint in 2016 will strike and sell coins featuring portraits of Ronald Reagan, the 40th President of the United States (1981-1989), and his wife Nancy.
The Presidential $1 Coin Act of 2005, Public Law 109-145, is clear that living former or current Presidents cannot be honored on coins. It’s less concise about breaking the sequential order of Presidential service to honor a commander-in-chief.
President Carter, who served prior to Reagan, is alive and therefore cannot be depicted on U.S. coins. A legal interpretation of Public Law 109-145 was needed and made. Carter will get skipped over to honor Reagan. Paul Gilkes of Coin World writes about the decision, breaking the story on Feb. 12.